HYC(SZ:000586) Xin Lang Cai Jing·2025-09-16 09:53Core Viewpoint - Sichuan Huiyuan Optical Communication Co., Ltd. held an online performance briefing on September 12, 2025, to engage with investors and discuss business developments and future strategies [1]. Group 1: Company Developments - The company has established a wholly-owned subsidiary, Hefei Yuanfeng Optoelectronics Co., Ltd., to seek new business growth in the automotive electronics sector, focusing on vehicle lighting, wiring harnesses, and connectors, rather than expanding into the semiconductor field [1]. - Hefei Yuanfeng Optoelectronics is currently in the construction phase, involving factory renovations and equipment purchases [1]. Group 2: Order and Performance Insights - As of June 30, 2025, the company has an undisclosed amount of orders on hand, with no clear response regarding new orders for the third and fourth quarters [1]. - The company aims to enhance performance by focusing on core industries, adopting a differentiated technology route for optical cable business, and expanding into the distribution network sector [1]. Group 3: Shareholder and Governance Issues - The second largest shareholder, Guangzhou Huifu Qiji Partnership (Limited Partnership), has its shares frozen, representing 13.75% of the company's total share capital, which poses a risk of control changes [1]. - Despite the lack of an actual controlling shareholder, the company has established a robust governance structure that does not hinder its development [1]. Group 4: Strategic Acquisitions and Future Plans - The company is exploring the acquisition of control over Sichuan Meifeng, while continuing to deepen its exploration and layout in the automotive electronics field to improve profitability [1].