New Material Technology Still in Development, Optical Modules Not a Core Revenue Stream

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Shenzhen Xunjiexing Technology Corp.Ltd. (688655.SH) has issued a statement in response to unusual trading activity in its shares, clarifying that while the company is exploring new technological pathways, these efforts have yet to generate meaningful revenue.

The company is developing micron-level fine-line products using an innovative combination of NPCF RCC new materials and FPS fine-line subtractive processes. According to the announcement, this new technology is currently at the stage of technical exchanges and customer sample deliveries, and there remains significant uncertainty regarding future mass production and its potential to generate economic benefits.

In the first half of 2026, the company reported total operating revenue of 519 million yuan. Revenue contributions from key customer sectors were as follows: smart security accounted for 23.40% of main business income, industrial control for 19.63%, and computer and communications for 18.39%. The company emphasized that optical modules are not currently a primary source of revenue.

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