天孚通信(300394) - 2025年11月27日天孚通信投资者关系活动记录表

Group 1: Company Overview and Market Opportunities - The company has the capability for mass production of 800G and 1.6T high-speed optical engines, aiming to leverage existing technological advantages to expand its customer base and seize market growth opportunities [1] - The company is actively communicating with suppliers to address material supply bottlenecks due to rapid industry demand growth [2] Group 2: Production Capacity and Expansion Plans - The Thai production base is being developed in two phases, with the first phase operational since mid-2024 and the second phase expected to increase capacity by 2026 [2] - In addition to the Thai base, the company is expanding its production capacity in Jiangxi Gao'an, with future output dependent on actual customer demand and specific product types [2] Group 3: Product Development and Technological Trends - The 1.6T optical engine product is currently being delivered normally, with ongoing R&D investments aimed at optimizing product performance and controlling costs [3] - The company maintains a dynamic focus on various technological solutions to provide diverse options for different application scenarios [3] Group 4: Competitive Position and Market Share - The company retains competitiveness in the optical device market through a unique strategy of vertical integration and horizontal expansion, emphasizing self-manufactured components and a global production base for cost control and supply chain stability [3] - The market share and core competitiveness are bolstered by continuous R&D investment, which drives product and technology platform expansion [3] Group 5: Future Market Outlook - The contribution of automotive lidar supporting optical devices to overall revenue is currently small, but the company aims to maintain close communication with customers to secure more orders [3] - The company offers corresponding products and solutions for both traditional and silicon photonics technology platforms, with development pace dependent on downstream customer demand [3]