Riding the industry boom, Far East Smarter Energy Co., Ltd. delivered leapfrog growth in its Q1 performance.
In the field of AI all-optical interconnection, Far East Smarter Energy Co., Ltd. achieved a year-on-year revenue growth of 140.81% and a year-on-year net profit surge of 211.56% in the first quarter.
"At present, shipments to the data center sector account for 80% of the total volume of Far East Communication, a controlled subsidiary of Far East Smarter Energy Co., Ltd.," said Xiang Decheng, Executive General Manager and Chief Operating Officer of Far East Communication.
Meanwhile, Far East Smarter Energy Co., Ltd. unveiled a major capacity expansion plan, proposing to raise no more than 2 billion yuan for investment in the fully synthetic optical fiber preform project for AIDC and supplementary working capital.
With a sharper focus on AIDC, accelerated capacity expansion pace, stronger independent technology and optimized integrated layout, Far East is speeding up its stride toward a top-tier global position.
