Zhongji Xuchuan's overall operating situation in 2023

Market expectations for early 2023 are pessimistic, affected by contraction in data center demand and capital expenditures. However, starting from March 2023, the demand for 800G from Zhongji InnoLight's major overseas customers has begun to grow, especially the demand for switch networks supporting AI computing power. Since the second quarter, 800G orders and shipments have increased significantly, and the demand for 400G has also increased. The company is fully prepared for production capacity construction, raw material procurement and delivery capabilities, achieving substantial growth in 800G and 400G revenue.