Core Viewpoint - Mingpu Optoelectronics (002902) announced that as of the disclosure date, the cumulative maximum principal amount of guarantees provided for its subsidiaries reached 433 million yuan, accounting for 45.39% of the company's latest audited net assets as of December 31, 2024 [1] Group 1 - The company reported that the guarantee amount resulting from the sale of its controlling subsidiary, Shenzhen Yuxuan Electronics Co., Ltd., was 35.5 million yuan, which represents 3.72% of the company's latest audited net assets as of December 31, 2024 [1] - The company confirmed that there are no guarantees provided to third parties outside the consolidated financial statements, and there are no overdue guarantees or guarantees involved in litigation [1]

证券代码：002902 证券简称：铭普光磁 公告编号：2025-081 东莞铭普光磁股份有限公司 关于提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 公司对外担保预计总额超过最近一期经审计净资产 100%，其中包含对资产 负债率超过 70%的子公司提供担保预计，上述担保主要用于子公司融资、授信或 业务发展需要，风险相对可控，敬请投资者注意相关风险。 一、担保情况概述 东莞铭普光磁股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日召开 的第五届董事会第八次会议、第五届监事会第八次会议及 2025 年 5 月 27 日召开 的 2024 年度股东会，审议通过了《关于 2025 年度公司及子公司担保额度预计的 议案》，根据公司日常经营和业务发展资金需要，为保证子公司的业务顺利开展， 同意 2025 年度公司对合并报表范围内子公司担保总额度为主债权本金不超过 10 亿元和相关利息等费用，子公司之间互相担保总额度为主债权本金不超过 8,000 万元和相关利息等费用。该等担保额度包含截至公告作出之日，公司为相关子公 司已提供 ...

Core Viewpoint - Mingpu Optoelectronics has initiated ODM custom development for 800G optical modules and has received initial orders, although profitability remains limited due to the current scale of operations [2] Group 1: Business Development - The company is collaborating with clients on the LPO (Linear Pluggable Optical Module) solution for 800G optical modules [2] - The 800G optical module segment has not yet achieved significant profitability due to its limited business scale [2] Group 2: R&D and Future Prospects - Mingpu Optoelectronics is jointly developing the next-generation 800G NPO (Near-Package Optical) with external customers, which is still in the R&D phase [2] - The project for 800G NPO has not yet reached mass production, and future progress remains uncertain [2]

Group 1 - The company Mingpu Optoelectronics continues to supply products in the 200G and below optical module segment without interruption [2] - In the 800G optical module sector, the company has initiated ODM custom development of LPO (Linear Pluggable Optical Module) solutions in collaboration with clients and has received initial orders [2] - The current business scale for 800G products is limited, and this segment has not yet generated significant profitability [2] Group 2 - The company is jointly developing the next-generation 800G NPO (Near-Package Optics) with external clients, which is still in the research and development phase and has not yet achieved mass production [2] - There is uncertainty regarding the future progress of the 800G NPO project, and investors are advised to be aware of investment risks [2]

Core Viewpoint - Mingpu Optoelectronics (002902) emphasizes that its stock price is influenced by multiple factors and the company is committed to optimizing management, driving innovation, and enhancing core competitiveness to achieve better performance returns for shareholders and investors [1] Group 1 - The company is focused on continuous improvement in operational management [1] - The company aims to maintain an innovation-driven approach [1] - The company is dedicated to enhancing its core competitiveness [1]

Group 1 - The company currently supplies optical module products at speeds of 200G and below, maintaining normal operations [2] - In the 800G optical module segment, the company has initiated ODM custom development for LPO (Linear Plugable Optical Module) solutions in collaboration with clients and has received initial orders [2] - The company is also engaged in joint development of the next-generation 800G NPO (Near-Package Optics) with external customers, which is still in the research and development phase and has not yet achieved mass production [2]

Group 1 - The company has not yet achieved mass production of the 800G optical module, which is still in the development phase [2] - The company is collaborating with customers on the ODM customization development of the LPO (Linear Plugable Optical Module) solution and has received initial orders [2] - The current business scale for the 800G optical module is limited, and this product has not yet generated significant profitability [2] Group 2 - The company is also jointly developing the next-generation 800G NPO (Near-Package Optical) with external customers, which is still in the research and development stage [2] - There is uncertainty regarding the future progress of the 800G optical module project, and investors are advised to be aware of investment risks [2]

Group 1 - The company Mingpu Optoelectronics (002902.SZ) primarily produces magnetic components, optical communication products, various power supply products, and new energy systems [1] - The application fields of the company's products include information communication, consumer electronics, new energy vehicles, smart parks, and the Internet of Things [1] - The company has not yet directly produced laser equipment [1]

Core Viewpoint - Mingpu Optoelectronics (002902.SZ) does not directly engage in independent chip research and development, but its wholly-owned subsidiary, Dongguan Ansheng Semiconductor Technology Co., Ltd., provides standardized chip backend processing and packaging testing product lines [1] Group 1: Company Overview - The company offers high-performance RF, millimeter-wave, and optical communication products tailored for applications in communication and the Internet of Things [1] - The semiconductor design, manufacturing, packaging, and testing are based on technologies including silicon, gallium arsenide, indium phosphide, silicon carbide, and gallium nitride [1] Group 2: Application Fields - The applications of the company's products span multiple sectors, including high-speed optics, satellites, radar, wired/wireless networks, new energy and automotive, and industrial fields [1]

Group 1: Business Collaboration and Financial Outlook - The company cannot disclose specific business collaborations with Huawei due to confidentiality agreements, which raises concerns for investors about the company's financial health given its continuous losses [2][3] - The company is optimistic about gradually overcoming its financial difficulties through internal adjustments and market responsiveness [2] - Financial information regarding the company's performance will be disclosed through official announcements [3] Group 2: Product Development and Market Position - The company is developing the 800G optical module and has initiated ODM custom development for LPO (Linear Pluggable Optical Module), receiving initial orders, but profitability remains limited due to the small scale of operations [3][4] - The 800G NPO (Near-Package Optical) project is still in the R&D phase and has not yet achieved mass production, indicating potential uncertainties in future progress [3][4] - The company continues to supply 200G and below optical module products normally [4][5] Group 3: Strategic Focus and Growth - The company is focusing on "technological independence, green transformation, and domestic demand-driven growth" to enhance its core competitiveness [6][7] - The core business segment of magnetic components achieved a 11.9% sales growth compared to the same period last year, demonstrating resilience against market fluctuations [7] - New products have been launched in both magnetic components and optical modules to meet diverse customer needs [7][8] Group 4: Acquisition and Market Expansion - The acquisition of ABB's electric transportation division is aimed at leveraging ABB's brand influence and complete charging pile industry chain to enhance the company's market position [8][9] - The partnership is expected to facilitate rapid penetration into the domestic market and reduce barriers for overseas market expansion [9] Group 5: Future Plans and Risks - The company has no current plans for restructuring or acquisitions unless required by regulatory obligations [10] - Investors are advised to be cautious regarding the uncertainties surrounding the development and production timelines of the 800G optical modules and the 1.6T modules, which are only being developed in collaboration with JDM [11][12]