Core Viewpoint - The company is actively expanding its business scope to include optoelectronic device manufacturing and optical communication, which aligns with its dual business strategy and aims to enhance its business layout [1] Group 1 - The subsidiary of the company, Wanzai, changed its business scope on August 22 to include optoelectronic device manufacturing and optical communication [1] - The company is exploring strategic opportunities in cutting-edge fields such as artificial intelligence and quantum technology [1] - The addition of new business areas is a significant step in implementing the company's dual business strategy and aims to cultivate a second growth curve through internal development or external expansion [1] Group 2 - The company will actively promote the new business and will provide updates through official announcements [1] - There are rumors regarding potential acquisitions in the optical communication sector, which may have influenced the change in business scope [1]

Group 1 - The company, Lingyun Guang, held its 19th meeting of the second board on September 19, 2025, where it reviewed the proposal to adjust the upper limit of the fourth repurchase plan [1] - As of the report, Lingyun Guang's market capitalization is 23.4 billion yuan [3] Group 2 - For the year 2024, the company's revenue composition is as follows: machine vision accounts for 72.56%, while optical communication accounts for 27.44% [2]

Group 1 - The core viewpoint of the report is that Fenghuo Communication (600498.SH) is rated as "Buy" due to its strategic positioning in both optical communication and computing power services [2] - The company is recognized as a leader in the optical communication industry, indicating its strong market presence and innovative capabilities [2] - The computing power services segment is expected to benefit from the trends in AI and big data, serving as a new growth engine for the company [2]