Core Viewpoint - The company, Shijia Photon Technology Co., Ltd., has implemented a market value management system aimed at aligning market value with intrinsic value through various strategies, including mergers and acquisitions, equity incentives, and investor relations management [1][3]. Group 1: Market Performance - As of February 6, 2026, Shijia Photon closed at 78.65 yuan, a decrease of 14.42% from the previous week's closing price of 91.9 yuan [1]. - The company's market capitalization is currently 35.549 billion yuan, ranking 18th out of 85 in the communication equipment sector and 578th out of 5,186 in the A-share market [1]. Group 2: Government Subsidies - The company recently received a government subsidy payment of 10.39 million yuan related to its active optical chip project, with 3.0373 million yuan linked to income, representing 4.68% of the latest audited net profit attributable to shareholders [2]. - Cumulatively, the company has received 23.29 million yuan in government subsidies for the project, with 6.8083 million yuan related to income, accounting for 10.49% of the net profit attributable to shareholders [2].

Group 1 - The stock price of Shijia Photon (688313) closed at 84.61 yuan on February 4, 2026, down by 6.68%, with a turnover rate of 6.97% and a trading volume of 315,000 shares, resulting in a transaction amount of 2.686 billion yuan [1] - On February 4, the net outflow of main funds was 319 million yuan, accounting for 11.88% of the total transaction amount; retail funds had a net inflow of 106 million yuan, accounting for 3.96% of the total transaction amount [1][3] Group 2 - Shijia Photon recently received a government subsidy of 10.39 million yuan related to the active optical chip project, with 3.0373 million yuan related to income, accounting for 4.68% of the company's latest audited net profit [1] - The total government subsidies received by the company for this project reached 23.29 million yuan, with 6.8083 million yuan related to income, accounting for 10.49% of the net profit, and 16.4817 million yuan related to assets, accounting for 0.92% of total assets [1]

Group 1 - The stock price of Shijia Photon (688313) closed at 90.67 yuan on February 3, 2026, with an increase of 2.81% and a turnover rate of 7.85% [1] - On February 3, the net outflow of main funds was 119 million yuan, accounting for 3.72% of the total transaction amount, while retail investors had a net inflow of 66.88 million yuan, representing 2.09% of the total transaction amount [1][4] Group 2 - Shijia Photon has established a "Market Value Management System" aimed at enhancing investment value and investor returns through improved corporate governance, information disclosure, and capital operations [2] - The system includes various methods for market value management such as mergers and acquisitions, equity incentives, cash dividends, investor relations management, and share buybacks, along with a monitoring and early warning mechanism for market value and price-to-earnings ratio [2] - The company received a government subsidy of 10.39 million yuan related to its participation in an active optical chip project, with total subsidies amounting to 23.29 million yuan [2][4]

Core Viewpoint - The company has received government subsidies related to its active optical chip project, totaling 10.39 million yuan, with specific allocations for revenue and asset-related components [1] Group 1: Government Subsidies - The company received a final payment of 10.39 million yuan for its active optical chip project, which includes 3.0373 million yuan related to revenue and 7.3527 million yuan related to assets [1] - The first subsidy payment of 12.90 million yuan was received on January 17, 2023 [1] - As of the announcement date, the total subsidies received amount to 23.29 million yuan, with 6.8083 million yuan related to revenue, accounting for 10.49% of the most recent audited net profit attributable to the parent company [1][1] Group 2: Financial Impact - The asset-related subsidies total 16.4817 million yuan, representing 0.92% of the most recent audited total assets [1] - The accounting treatment and impact of these subsidies will be determined based on the audit results [1]