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On April 17, Kechuan Technology released a statement addressing the abnormal fluctuations in its stock price. The announcement highlighted that its wholly-owned subsidiary, Kechuan Photonics Technology (Suzhou) Co., Ltd., founded in February 2024, is dedicated to the design of silicon photonics chips, as well as the research, development, and production of optical modules. At present, the optical modules are undergoing sample submission, a process accompanied by a relatively lengthy validation cycle. Kechuan Photonics is actively seeking to enhance its market footprint; however, it has yet to generate any revenue, which means it does not currently exert a substantial influence on the company's overall earnings. The prospect of securing future orders remains uncertain, and investors are cautioned to remain mindful of the associated risks.
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