On July 2, Crystal-Optech released an announcement regarding abnormal stock price fluctuations, noting that the cumulative deviation in the closing price of its A-share stock over three consecutive trading days had surpassed 20%. The company's AI optics division encompasses both optical storage and optical connectivity businesses. Currently, the optical storage business is in the pre-mass-production verification phase, and as of now in 2025, it has not generated any sales revenue. Considering the lengthy product process verification cycle, expanding the business scale will require some time.
The optical connectivity business is structured around five key product categories: 'filters, prisms, silicon lenses,' along with 'glass substrates and waveguides,' creating a '3+2' product framework. At present, filter and silicon lens products are in the customer sampling stage. Meanwhile, cutting-edge technologies like glass substrates and waveguides are still in the preliminary phases of development, and none of these have made a contribution to the company's financial performance so far.
Over the past two years, the company's performance growth has been largely driven by the consumer electronics business of major North American clients. As an innovative strategic focus area for the company, AI optics entails a lengthy cycle for project implementation and performance realization. Consequently, it provides only a limited contribution to the overall performance in the short term and is unlikely to become the primary growth engine in the near future.