Optical communication products are in short supply, and Hengtong Optoelectronics expects net profit of 1.86 billion yuan in the first three quarters.

Optical communication is a technique that uses light to transmit information to the other party. Internet-based devices such as the Internet, mobile phones, and IP phones connect everyone to their region, to the entire country, and even to the global communications network. For example, signals from computers and mobile phones gather at the base stations and network providers of local communication carriers, and then transmitted to the world through optical fibers in submarine cables.

Hengtong Optoelectronics

Our traffic is increasing every year. We use the mobile phone, SMS, receiving images, and network (virtual) stores to exchange information. Equipment performance has improved year by year and usage has changed. We can imagine that the traffic will continue to increase in the future. Optical communication technology is used in information exchange.

Hengtong Optoelectronics released its forecast for the evening yesterday. It is expected to achieve 1.572 billion yuan in the first three quarters, an increase of 50% to 80%.

During the reporting period, under the background of the country's vigorous development of big data, cloud computing, industrial Internet and the “Belt and Road” strategy, the demand for optical communication network products was strong under the effective promotion of global communication and power infrastructure construction. The price has risen steadily, and the company's globalization strategy has achieved remarkable results, prompting the company's operating income and profits to maintain sustained and rapid growth.

Hengtong Optoelectronics said that the above forecast data is only preliminary accounting data, the specific financial data should be based on the company's 2017 third quarter report.

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