Sinnet (300518.SZ): The XinXing Optoelectronics semiconductor laser chip project in the East China region has just started construction, and it will take a long time before production begins.

Zhtng Cijng APP News, Xn Xnd (300518.SZ) issued an announcement. As of the disclosure date of this announcement, the company found that self-media, stock forums and other platforms mentioned the increase in capital of Zhejiang Xinxing Optoelectronic Semiconductor Co., Ltd. (hereinafter referred to as "Xinxing Optoelectronics"). The company makes the following explanation regarding this matter: On June 30, 2026, the company completed the increase in capital of Xinxing Optoelectronics and acquired 51% of its equity. The company's future main business is the outsourcing of compound semiconductor laser chip manufacturing. As of now, the semiconductor laser chip project in the East China region of Xinxing Optoelectronics is just starting construction. It will take a long time to complete the construction and start production. It is expected that this matter will have no impact on the company's operating income and net profit for the current year or minimal impact (currently, the company's operating conditions are stable, and its main business has not changed). At the same time, the compound semiconductor laser chip outsourcing industry is dominated by overseas giants, with high customer certification barriers and long cycles. After the project is put into production, it may face slow market development, lower-than-expected production capacity, intensified market competition, etc., leading to risks such as insufficient capacity utilization and lower-than-expected production benefits.