On May 12, Yunnan Germanium Industry released an announcement addressing abnormal fluctuations in its stock trading. The announcement highlighted that the cumulative deviation in the closing price increases of its stock over three consecutive trading days had surpassed 20%. The company has noted that the concept of optical communication has recently attracted considerable market interest. At present, the company's core business revolves around the intensive processing and research and development of germanium-based products. Specifically, the compound semiconductor material, indium phosphide wafers, produced by the company, are instrumental in manufacturing lasers and detector chips for optical modules. By 2025, the company's operating revenue is projected to reach 1.066 billion yuan, with revenue from compound semiconductor material products estimated at approximately 138 million yuan, representing a relatively modest 12.93% of the total. Additionally, the gross profit derived from this product line accounts for only 14.29% of the company's consolidated gross profit. It is worth mentioning that all of the company's main products are currently listed on the national export control list. When handling products that fall under the relevant categories outlined in export control announcements, the company is mandated to apply for export licenses in compliance with laws and regulations. Export is only authorized upon approval, and there remains uncertainty regarding the successful acquisition of such licenses.