Xinhua Silk Road: Optical communication firm in Shandong's Rizhao expects buoyant sales in 2024

April 21, 2024 11:35 PM PDT | By Cision
 Xinhua Silk Road: Optical communication firm in Shandong's Rizhao expects buoyant sales in 2024
Image source: Kalkine Media

BEIJING, April 22, 2024 /PRNewswire/ -- In a workshop operated by Azuri Optics Technologies Co., located in Rizhao, east China's Shandong Province, a busy scene plays out behind buzzing machines, with optical modules rolling off the assembly line one by one after more than 20 procedures, including assembly, testing, packaging, etc.

In the face of major breakthroughs and changes in the global optical communication industry in recent years, Azuri Optics Technologies Co. stepped up efforts to increase research and development (R&D) investment and speed up technological innovation.

As the first independently developed communication chip project in Rizhao City, the firm, which commenced production in 2020, saw its product sales exceed 70 million last year, according to a report by Rizhao Daily, a local newspaper. 

It is expected that the company's sales will reach 200 million yuan this year, almost triple that of in 2023.

The firm has won a foothold in the global market with its optical chip-related products sold to many overseas countries.

It is learned that the firm's optical chip-related products stands out among international counterparts due to their competitive prices and high reliability, which are recognized by the world's well-known equipment manufacturers and operators.

Li Wen, the firm's general manager, noted that mastering hard core technologies and having the ability to independently manufacture key processes is the only way for companies to maintain high-quality development and gain a firm foothold in the fierce market competition.

Original link: https://en.imsilkroad.com/p/339805.html


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Sponsored Articles


Investing Ideas

Previous Next