Core Viewpoint - The company, 汇绿生态, has provided details regarding its subsidiary, 钧恒科技, including its production bases and capacity expansion plans [1] Group 1: Production Bases - 钧恒科技 has production bases located in Wuhan, Hefei, Ezhou, and Malaysia [1] Group 2: Capacity Expansion - The new production line in Ezhou has recently commenced operations, adding an annual capacity of 1.5 million units, focusing on 400G and 800G high-speed optical modules [1] - The second phase of the project is expected to add an annual capacity of 3 million units, with production anticipated to start in 2027 [1] - A new optical module production base is also being established in Malaysia [1]

Core Viewpoint - The company, 汇绿生态, has provided updates on its production bases and capacity planning for its subsidiary, 钧恒科技, in response to investor inquiries [2]. Group 1: Production Bases - 钧恒科技 has production bases located in Wuhan, Hefei, Ezhou, and Malaysia [2]. - The new production line in Ezhou has recently commenced operations, adding an annual capacity of 1.5 million units, focusing on 400G and 800G high-speed optical modules [2]. Group 2: Capacity Expansion - The second phase of the project is expected to add an annual capacity of 3 million units, with production anticipated to start in 2027 [2]. - A new optical module production base is also being established in Malaysia [2].

Core Viewpoint - The company, Huilv Ecology, emphasizes its capabilities in the optical module sector, highlighting its self-developed products and various collaboration models, including ODM, JDM, and OEM, to meet customer demands [1]. Group 1: Company Overview - Wuhan Junheng, a subsidiary of Huilv Ecology, has its own brand and business development while also offering multiple cooperation models based on client needs [1]. - The company focuses on the development and design of high-speed optical modules, having established a technology platform covering key areas such as optical coupling and high-speed electrical interconnection [1]. Group 2: Product and Technology - Wuhan Junheng has developed a comprehensive product matrix ranging from 10G to 1.6T, showcasing its capability to cater to various speed requirements in the optical module market [1]. - The company possesses significant advantages in silicon photonic integration, with relevant patents, self-developed automated coupling platforms, and high-yield mass production processes, totaling over 200 patents [1]. Group 3: Innovation and Market Position - Through continuous independent innovation, the company optimizes product performance, reduces production costs, and enhances delivery capabilities, which effectively supports its high-quality development and sustained market competitiveness [1].

Core Insights - The company, Huylv Eco-Tech Group Co., Ltd., hosted a series of investor meetings from November 11 to 13, 2025, with participation from various institutions including E Fund, CITIC Securities, and Freshwater Spring Investment [1] - For the first three quarters of 2025, the company reported a significant revenue increase of 206.15% year-on-year, reaching 1.081 billion yuan, with a net profit of 51.72 million yuan, up 96.96% [1][2] Financial Performance - Huylv Eco-Tech's subsidiary, Wuhan Junheng Technology Co., Ltd., contributed significantly to the company's financials, achieving approximately 915 million yuan in revenue and around 109 million yuan in net profit by September 30, 2025 [2] Key Focus Areas - Wuhan Junheng's gross margin is approximately 20%, with expectations for improvement in 2026 due to market demand changes and product structure adjustments [3] - The company has implemented a multi-tiered incentive mechanism for Wuhan Junheng's management, rewarding 20% of excess profits above commitments to encourage performance [4] Capacity Expansion - Wuhan Junheng is accelerating its domestic and international expansion, with a new production line in Ezhou recently launched, adding an annual capacity of 1.5 million units, and a second phase project expected to add 3 million units per year by 2027 [5] - The company has established a production base in Malaysia to further penetrate the global market [5] Supply Chain Management - The company maintains complete autonomy in material procurement, allowing for flexible supplier selection based on product needs and cost control, ensuring supply chain stability [6] Technological Advancements - The development of the 1.6T optical module is supported by three key technological synergies: a platform-based architecture, flexible use of mature technology modules, and a software architecture that facilitates smooth transitions between different speed modules [7][8]

Core Viewpoint - The company has complete autonomy in material procurement, allowing it to select external suppliers based on product needs, cost control, and supply stability [1] Group 1: Material Procurement - The company does not have designated supplier restrictions, enabling flexible supplier selection [1] - Wuhan Junheng has made reasonable reserves of key materials required for optical module production to meet current order demands [1] - The company has established long-term stable partnerships with core suppliers to ensure material supply stability for a certain period [1] Group 2: Future Planning - The company plans to further develop its key material supply system based on business growth [1]

Financial Performance - In the first three quarters of 2025, Huylv Ecological achieved a revenue of CNY 1.081 billion, representing a year-on-year growth of 206.15% [2] - The net profit attributable to the parent company was CNY 51.7188 million, with a year-on-year increase of 96.96% [2] - Wuhan Junheng, a subsidiary, reported a revenue of approximately CNY 915 million and a net profit of about CNY 109 million as of September 30, 2025 [2] Profitability Metrics - Wuhan Junheng's gross margin is approximately 20% as of the latest reporting period [3] - The company is focusing on cost control and optimizing its competitive advantages to support stable net profit margins [3] Incentive Mechanisms - If Wuhan Junheng's net profit exceeds the agreed amount during the performance compensation period, management and core employees will receive rewards calculated as 20% of the excess profit [3] - A stock incentive plan for mid-to-senior level core personnel was implemented at the beginning of 2025 to enhance team stability and motivation [3] Development Strategy - Wuhan Junheng is primarily focused on expanding production capacity, customer development, and ensuring product quality [3] - The new production line in Ezhou has recently commenced operations, adding an annual capacity of 1.5 million units, primarily for 400G and 800G high-speed optical modules [3] - A second phase project is planned to add 3 million units per year, expected to commence in 2027 [3] Supply Chain Management - The company has autonomy in material procurement, allowing it to select suppliers based on product needs, cost control, and supply stability [4] - Long-term stable relationships with core suppliers have been established to ensure material supply for current and future production needs [4] Technological Advancements - The rapid progress in the 1.6T high-speed optical module field is driven by three key technological synergies: platform-based architecture, modular technology accumulation, and software architecture evolution [4][5] - The shared platform for 800G and 1.6T products significantly reduces R&D cycles and validation costs [4] - Modular technology allows for flexible application of mature technology modules, enhancing development efficiency and product yield [5]

11月14日，汇绿生态跌5.19%，截至发稿，报18.08元/股，成交4.95亿元，换手率4.44%，总市值141.96 亿元。 责任编辑：小浪快报 前海开源中证健康指数（164401）成立日期2020年12月18日，最新规模7884.41万。今年以来收益 14.27%，同类排名3408/4216；近一年收益8.7%，同类排名3265/3955；成立以来收益47.45%。 前海开源中证健康指数（164401）基金经理为梁溥森。 截至发稿，梁溥森累计任职时间5年193天，现任基金资产总规模30.89亿元，任职期间最佳基金回报 129.36%， 任职期间最差基金回报-23.64%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，汇绿生态科技集团股份有限公司位于湖北省武汉市江汉区青年路556号房开大厦写字楼37楼 (青洲盛汇写字楼)，成立日期1990年1月29日，上市日期2021年11月17日，公司主营业务涉及园林工程 施工、园林景观设计及苗木种植等。主营业务收入构 ...

证券日报网讯汇绿生态（001267）11月13日在互动平台回答投资者提问时表示，武汉钧恒始终坚持以光 模块为核心主业，围绕客户需求持续提升产品技术能力和量产交付水平，公司现阶段资源投入和业务布 局均围绕光模块展开。目前公司暂时并未涉及其他上下游产业布局。 ...

Group 1 - The company is steadily advancing the construction of its production base project in Ezhou, which is being implemented in two phases and is currently progressing smoothly [1] - The company has also initiated the construction of a new optical module production base in Malaysia [1]

证券日报网讯汇绿生态（001267）11月13日在互动平台回答投资者提问时表示，公司在鄂州的生产基地 项目分为两期正常推进中，另公司在马来西亚正在投建新的光模块生产基地，公司目前除前述扩建规划 外，暂时并未涉及其他收购规划布局。 ...