Mingpu Optoelectronics: On March 5th, it received institutional research, with multiple institutions including Cinda Asia Fund and Shenzhen Nissen Investment participating.

Securities Star News, March 5, 2026: Mingpu Optoelectronics (002902) announced that on March 5, 2026, the company received an institutional research visit, with participants including Feng Mingyuan from Cinda Asia Fund, Li Yajun from Shenzhen Nisen Investment, and Wang Qingchen from Huitong Fund.

Details are as follows:

Q: The AI storage market is entering a highly certain “super boom cycle,” with storage giants shifting large-scale capacity from consumer electronics to AI servers (HBM/enterprise SSD). How does the company seize industry opportunities?

A: Computing power is one of the company’s key high-growth application areas. Our products are widely used in information communication, data centers, and computing infrastructure. Magnetic components can support AI server power systems, including high-end products like TLVR inductors and integrated molded inductors, meeting the strict power supply requirements of AI servers. Additionally, our high-speed optical modules (such as 800G LPO) mainly target data centers and AI computing scenarios, aligning closely with downstream AI storage applications. The company will combine market demand with its industry advantages to steadily promote AI computing-related business development.

Q: How does raw material price fluctuation impact the company’s profits?

A: The company passes some cost pressures downstream to customers to achieve price linkage; at the same time, it optimizes product design to reduce material usage per unit. Moreover, the company actively expands overseas clients to diversify market risks. These measures effectively mitigate the pressure from rising raw material prices, maintaining stable gross profit margins.

Q: What is the product layout and competitiveness of the company’s magnetic components in AI computing and new energy vehicle fields?

A: In AI servers and data centers, the company has successfully developed complete magnetic power solutions compatible with high-voltage platforms from 400V to 800V, including high-performance drive transformers, low-loss common-mode inductors, high-saturation PFC inductors, main power transformers, and output filter inductors. Through proprietary magnetic material formulas and advanced winding processes, our products maintain excellent temperature rise control and electromagnetic compatibility even at high frequencies, significantly improving overall power system efficiency and serving many top global companies.

In strategic sectors such as new energy vehicles, charging piles, and photovoltaic energy storage, the company continues to deepen integrated capabilities in “materials-design-manufacturing.” Manufacturing bases in multiple locations have passed international certifications like IATF 16949 and ISO 14001, and have achieved multiple patents in automotive-grade magnetic components, providing high consistency, long life, and high safety core components for global customers.

Q: What are the core competitive advantages of the company’s new copper-iron co-fired inductors?

A: The company’s new copper-iron co-fired inductors are leading core components for AI computing and new energy drives, with three main advantages: high performance, high reliability, and high integration. Thanks to their excellent product performance, they are becoming the preferred solution in high-end fields such as GPUs and autonomous driving. Through iterative processes like multi-layer co-firing, future products will deeply adapt to high-end scenarios such as R/VR devices, automotive lidar, and new energy storage systems, providing strong support for China’s intelligent manufacturing in core electronic components.

Q: What are the company’s future growth points?

A: The company will continue to deepen cooperation with key major clients, constantly increasing product share and customer stickiness. Meanwhile, it will seize the rapid development opportunities in AI computing, new energy vehicles, and photovoltaic energy storage, actively layout in high-growth emerging sectors, and continuously cultivate new business growth points.

Mingpu Optoelectronics (002902) main business: R&D, production, sales, and service of magnetic components, optical communication products, and various power supply products.

According to Mingpu Optoelectronics’ Q3 2025 report, the company’s main business revenue in the first three quarters was 1.213 billion yuan, down 1.31% year-over-year; net profit attributable to parent was -150 million yuan, down 7.27%; net profit after non-recurring gains and losses was -132 million yuan, up 10.86%. In Q3 2025 alone, revenue was 406 million yuan, down 5.32% year-over-year; net profit attributable to parent was -76.559 million yuan, down 27.03%; net profit after non-recurring gains and losses was -53.75 million yuan, up 15.53%. The debt ratio was 66.36%, investment income was -30.68 million yuan, financial expenses were 24.59 million yuan, and gross profit margin was 13.25%.

The above content is compiled from public information by Securities Star, generated by AI algorithms (Network Credit Preparation No. 310104345710301240019), and does not constitute investment advice.