Mingpu Optoelectronics: 800G NPO and 1.6T optical modules are still in R&D or early stages

（Source: Caixin Headlines）

          Due to the stock trading price’s cumulative closing-price increase deviation value exceeding 20% for two consecutive trading days, this falls under abnormal stock trading price fluctuations according to relevant regulations of the Shenzhen Stock Exchange.            

On March 26, MINGPENG Optics & Magnetics (002902.SZ) released an announcement regarding abnormal fluctuations in its stock trading. The stock trading price’s cumulative closing-price increase deviation value exceeded 20% for two consecutive trading days, which—according to relevant regulations of the Shenzhen Stock Exchange—constitutes a situation of abnormal fluctuations in stock trading.

In response to the company’s abnormal stock trading fluctuations, the company verified the relevant matters and questioned its controlling shareholder and actual controller. Specifically, there are no items that require correction or supplementation regarding the information the company had disclosed previously; the company has not found any undisclosed material information in recent public media reports that could possibly or has already had a significant impact on the company’s stock trading price; the company’s disclosed operating situation and the internal and external operating environment have not undergone any major changes; the company, the controlling shareholder, and the actual controller have no material matters that should be disclosed but have not been disclosed, nor any material matters that are in the planning stage regarding the company; during the period of abnormal stock trading, the controlling shareholder and actual controller did not engage in buying or selling the company’s stock.

In terms of risk warnings, the company, after conducting a self-check, finds no violations of fair information disclosure. At the same time, on January 29, 2026, the company disclosed its 《2025 Annual Performance Forecast》, and it expects a net profit attributable to shareholders of listed companies to be a loss of RMB 22,000 million to a loss of RMB 27,500 million. In addition, the progress related to the company’s high-speed optical module business and the associated risk warnings are as follows: the ODM customized development of the 800G LPO solution has achieved small-batch shipments, but the overall order volume is small, and the resulting profits are insufficient to meaningfully affect the company’s overall performance direction; the 800G NPO, together with the customer, is conducting joint development based on the needs for next-generation applications. At present, this project is still in the R&D stage and has not yet achieved mass production, and there is uncertainty regarding future progress; the 1.6T optical module will be developed in coordination with customers. This project is still at an early stage, and future uncertainties exist in aspects such as the cooperation status with customers, order demand, the schedule for scaling up to mass production, mass production yield, and supply-chain costs. In addition, the company’s wholly owned subsidiary, Dongguan Ansheng Semiconductor Technology Co., Ltd., has a standardized semiconductor chip back-end processing and packaging/testing product line. This business belongs to the chip back-end processing stage, with a relatively low value-add, and the profits it generates have only a limited impact on the company’s overall operating performance.

A huge amount of information and precise analysis—right on the Sina Finance app