MTC(SZ:002429)2025-12-11 16:30Group 1: Company Overview and Production Capacity - The production capacity of the Vietnam factory has been fully released, reaching 11 million units per year [1] - The Vietnam factory is a core component of the company's smart terminal business, effectively reducing operational risks from trade fluctuations and meeting overseas market demands [1] - Future plans include further optimization and intelligent transformation of production lines to support scalable growth and profit improvement in the smart terminal business [1] Group 2: Synergy between Optical Communication and LED Industry - Significant synergy exists between the optical communication business and the LED industry, including capacity reuse and reduced investment costs [3] - The existing 20-chamber MOCVD equipment can cover production needs for Mini display chips, infrared chips, and optical chips, with core capital expenditures already completed [3] - The company has achieved efficient process migration and verification, establishing a preliminary vertical integration layout from optical chips to optical modules [3] Group 3: Market Penetration Strategy for Optical Module Business - The company leverages deep cooperation with existing customers and upstream optical chip industry links to expand its optical module business [4] - Current major customers include domestic equipment manufacturers and operators, with gradual improvement in business performance expected as production line relocations and upgrades are completed [4] - The optical module business is anticipated to benefit from industry growth, with significant overall growth potential as production capacity is released [4]