Core 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].

Group 1: Company Overview and Recent Developments - Sichuan Huiyuan Communication Co., Ltd. established a wholly-owned subsidiary, Hefei Yuanfeng Optoelectronics Co., Ltd., to explore new business growth points in the automotive electronics sector [2][3] - As of June 30, 2025, the company has an order backlog amounting to 182.71 million yuan (excluding tax) [2][3] Group 2: Financial Performance and Strategy - The company reported improved performance in the first half of the year, attributing this to the collective efforts of all employees [4] - The company plans to focus on core industries, particularly in optical cable business, by enhancing product development and process improvements [4] - The company aims to expand into the automotive lighting, wiring harness, and connector markets through its new subsidiary [4][7] Group 3: Shareholder and Governance Issues - The second largest shareholder's equity, totaling 26.6 million shares (13.75% of total share capital), is currently frozen, posing a risk of control changes [6] - The company is committed to transparency regarding the overdue asset restructuring commitments of the second largest shareholder [5][6] Group 4: Future Growth and Acquisitions - The company is exploring potential asset acquisitions to enhance its high-quality development and overall competitiveness [7][9] - There are suggestions for the company to acquire controlling stakes in Sichuan Meifeng, which has a strong balance sheet and cash reserves of 2.3 billion yuan [9]