On May 21, during a performance meeting, Pi Yabin, Chairman of GYT, stated that the company's third-generation fiber optic gyroscope photonic chip project is expected to complete tape-out by the end of 2025. Currently, prototype specification testing is underway, and the progress is smooth. In 2025, the company's polarization-maintaining fiber for communication devices has been sampled to some customers and has passed verification. However, at this stage, the revenue contribution of this product is less than 1%, with a relatively small number of orders in hand and limited business scale.
