Huagong Technology: In the first quarter, the export of photovoltaic modules increased significantly year-on-year, mainly due to the small base of the same period last year and strong demand stacking.
Regarding the media's previous report of a more than 100-fold increase in the export of optical module products in the first quarter, a staff member from the securities department of Huagong Technology today told reporters, "First of all, the increase in demand for optical modules brought about by AI is certain. In addition, our products of 800G and above were in the testing and small-scale production stage overseas during the same period last year, with a relatively small base, and there has been a significant year-on-year growth in the first quarter. The specific situation will be based on the financial data of the semi-annual report." Note: On June 27th, CCTV Finance reported that in the first quarter, Huagong Technology's subsidiary Huagong Zhengyuan's overseas sales of high-end optical modules of 800G or more surged by 13,974% year-on-year, a 229% increase compared to the fourth quarter of last year, with the production line running at full capacity around the clock.
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