Mingpu Optoelectronics: 800G NPO and 1.6T optical modules are still in R&D or early stages

On March 26, Mingpu Photonic (002902.SZ) announced an extraordinary fluctuation in stock trading, as the cumulative increase in the closing price over two consecutive trading days exceeded 20%. According to the relevant regulations of the Shenzhen Stock Exchange, this situation qualifies as an extraordinary fluctuation in stock trading.

In response to the extraordinary fluctuation in the company’s stock trading, the company verified the relevant matters and inquired with its controlling shareholder and actual controller. Specifically, there are no corrections or supplements needed for the information previously disclosed by the company; the company has not found any recent public media reports of undisclosed significant information that may or has had a substantial impact on the company’s stock trading price; there have been no significant changes in the company’s disclosed operating conditions or internal and external operating environment; the company, its controlling shareholder, and actual controller do not possess any significant matters regarding the company that should have been disclosed but were not, nor are there any significant matters in the planning stage; during the period of extraordinary stock fluctuation, the controlling shareholder and actual controller did not engage in buying or selling the company’s stock.

Regarding risk warnings, the company has conducted a self-examination and found no violations of information fair disclosure. Additionally, the company disclosed its “2025 Annual Performance Forecast” on January 29, 2026, expecting a net profit loss attributable to shareholders of the listed company of 220 million to 275 million yuan. Furthermore, the relevant progress and risk warnings of the company’s high-speed optical module business are as follows: the ODM customization development of the 800G LPO solution has achieved small batch shipments, but the overall order volume is low, and the resulting profit is insufficient to substantively impact the overall performance direction of the company; the 800G NPO is jointly developed with customers based on next-generation application needs, and this project is still in the research and development stage, having not yet achieved mass production, with future progress remaining uncertain; the 1.6T optical module will be developed in collaboration with customers, and this project is still in the early stage, with uncertainties regarding future cooperation with customers, order demand, progress to mass production, production yield, supply chain costs, and so on. Additionally, the company’s wholly-owned subsidiary Dongguan Ansheng Semiconductor Technology Co., Ltd. possesses a standardized chip backend processing and packaging testing product line, which belongs to the backend processing segment of chips, has a low value, and the profit generated has a minimal impact on the company’s overall operating performance.