Tongding Interconnection Information

Tongding Interconnection released its 2026 interim report, with net profit attributable to the parent company of 203 million yuan, an increase of 292 million yuan compared with the same period last year, turning losses into profits. The company's total operating revenue was 2.458 billion yuan, up 61.46 percent year on year, achieving growth for two consecutive years. Net cash inflow from operating activities was 143 million yuan, down 11.93 percent year on year. The company's latest gross margin was 27.82 percent, up 7.62 percentage points year on year, and its latest return on equity was 7.58 percent, up 11.23 percentage points year on year.

Tongding Interconnection and other enterprises have jointly established Dingyao Photonics Shanghai Technology Company Limited. The company's business scope covers the sales of optoelectronic devices, integrated circuit chip design and services, as well as the manufacturing and sales of integrated circuit chip products. Equity penetration information from Qichacha shows that Tongding Interconnection is one of the joint shareholders.

On July 23, the communication equipment concept rose 3.11% intraday. Among related constituent stocks, Sanwang Communication surged 19.99%, Changyingtong rose 7.52%, Xinwei Communication gained 6.91%, Tongding Interconnection climbed 6.38%, and Cambridge Technology advanced 5.94%. According to Securities Daily, ZTE and its partners jointly created a distributed all-optical interconnect chip and super-node application innovation solution. This solution builds a low-latency, ultra-high-bandwidth, scalable GPU computing network based on optical interconnect and optical switching technology, achieving full-stack autonomous control. A research report from Guotai Hainan Securities noted that the PON equipment market is undergoing a generational upgrade from 10G PON to 25G/50G PON. According to Frost & Sullivan forecasts, the global 25G/50G PON market size will reach 5.7 billion US dollars in 2029, with a compound annual growth rate as high as 99.8% from 2024. A research report from Guosheng Securities pointed out that the AI demand surge is driving high-speed growth in optical communication components. Data centers are transforming towards high density, low power consumption, and high speed, with optical module speed iteration accelerating. Related enterprises will fully benefit from AI infrastructure construction.