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Gigalight 2012 Sales Volume Announcement

Number of visits: Date:2013-2-1 10:39

Abstract:

Shenzhen, China, January 28, 2013 – Gigalight today gives announcement of full year sale volume results ended December 31, 2012. Gigalight has got the $41 million sales performance. An increase of 19% compared with 2011 is far below Gigalight past 50% compound average growth rate.


In 2012, Gigalight passive business has the same performance with its 2011 at $9.6 million sales volume. The whole passive business is still in the stage of large losses. In active business, the sales volume has the growth but net profit to be affected to have small scope to glide down by the profession. As to the market demand undulation, the huge investment of passive industrial equipment and the workshop, and labor force total cost rise and other factor influences, in 2012, Gigalight main business (to deduct depreciation preparation) annual net profit rate probably placed 6% levels, which is almost the half of 2011 profit margin. However, this result has objectively reflected the present situation of profession management. Generally speaking, both the growth and profit margin of active 10G and passive WDM products has reached the company anticipate. According to be estimated that in 2013, these two big main businesses will continue to develop to make the achievement and profit contribution for Gigalight.


In 2012, Gigalight continues to be selected the top ten of the most competitive domestic optical device supplier. This year, Gigalight encounters the investment and the fault, the growth and the stagnation repeatedly. Since these twists and turns, Gigalight has already had the exceptionally clear outline and the comprehensive rational understanding at present to the industrial development way and the profession characteristic.


As Gigalight CEO Li Zhengdong says, in 2013, marketing and innovation will be devoted to the Gigalight growth as the basic point. Gigalight will found the European and American localization world marketing network, with Direct Attach Cable, AOC, 40G QSFP and other key products, mainly aiming at data center market, combination passive four product lines, to improve the overall competitiveness. At the same time, Gigalight will constantly develop new products for small and medium-sized operators integrated service transformation.


Through 2012 accumulations and ponders, Gigalight has redefined internal value chain and innovative activities. In 2013, Gigalight is capable of achieving the anticipated $60 million sales target and makes the net profit rate increase three percentage points in the foundation of 2012.

About Gigalight:

Gigalight is global optical interconnection design innovator that focuses on high-end optical network products and solutions in three main applications: Data Center & Cloud Computing, MAN & Mobile Base Station, and Video & Consumer Optics. With more than 10 years' experience in optics industry, Gigalight has become a leader in global market of optical communications.

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