Stock Code: 300394
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On November 8, 2024, the 2024 (18th) China Optical Communication Development and Competitiveness Forum and the Award Ceremony of the Top 10 Most Competitive Enterprises in Global | China Optical Communication, jointly sponsored by the Optical Communication Committee of the China Institute of Communications and the Asia-Pacific Optical Communication Committee, was grandly held at the Suzhou International Expo Center. With its strong comprehensive competitiveness, TFC COMMUNICATION Co., Ltd. was listed among the "Top 10 Most Competitive Enterprises in China's Optical Devices, Auxiliary Equipment and Raw Materials in 2024". This is already the seventh consecutive year that the company has been on the top 10 list, and its strong strength has been recognized by the industry once again.
Mao Qian, Chairman of the APC Conference, summarized the selection activity, and Gao Feng, Vice Chairman and Secretary General of the APC Association, presided over the activity and announced the list of winning enterprises. Since its first holding in 2007, this selection activity has become an important vane in the optical communication industry. Various awards are evaluated according to nearly 20 indicators such as the sales revenue, net assets, brand popularity, and technological innovation ability of the participating enterprises, and conduct multi-dimensional analysis of the competitiveness of the participating enterprises. It is highly recognized by the industry for its objectivity, fairness, and authority.
Technological Innovation Creates Core Competitiveness
TFC COMMUNICATION Co., Ltd. is a provider of overall optical communication device solutions and a manufacturer and service provider of advanced optoelectronic packaging. It focuses on the research, development, production, and sales of high-speed optical devices. The company was established in 2005 and listed on the ChiNext in China in 2015. Its products are widely used in fields such as fiber optic communication, data centers, and optical sensing.
Technological innovation is the core competitiveness of TFC COMMUNICATION Co., Ltd., and also a key factor for the enterprise to enhance its comprehensive competitiveness. Through independent research and development and external mergers and acquisitions, TFC COMMUNICATION Co., Ltd. has accumulated and precipitated a number of leading core process technologies in basic material fields such as precision ceramics, engineering plastics, composite metals, and optical glass. TFC COMMUNICATION Co., Ltd. continues to increase its R&D investment to maintain the core technological competitiveness of its products and owns more than 200 patents. In the first half of 2024, the company's R&D investment was 112 million yuan, accounting for 7.20% of the current operating revenue, a year-on-year increase of 76.64%, which is almost at the level of the R&D investment for the whole of last year. The continuous high-intensity R&D investment helps customers succeed with new products and continuously reduce costs to ensure that the company maintains a leading position in the fierce market competition.
Accelerating the Global Layout
TFC COMMUNICATION Co., Ltd. is actively promoting its global layout. The construction of the factory in Thailand is progressing rapidly. The planned initial investment is over 500 million yuan, and the total planned area is 40,000 square meters. It is committed to building a modern intelligent production park. The first-phase factory building has been put into use, and the second phase is expected to be completed and put into use at the beginning of next year, marking that the factory in Thailand is gradually acquiring large-scale production capacity.
Rendering of TFC's Factory in Thailand
With the gradual completion of the factory in Thailand, TFC COMMUNICATION Co., Ltd. will form a networked three-dimensional layout with Suzhou and Singapore as the dual headquarters, multiple R&D centers in Suzhou, Shenzhen, Japan, etc., and two large-scale mass production bases in Jiangxi and Thailand. It can quickly and deeply respond to customers' requirements for customized R&D and mass production delivery of optical devices, helping the company to become a globally competitive optical device enterprise.
