Yuanjie Technology Phase II Plant Equipment to Arrive Soon

The detail that matters here is the gap between equipment move-in and actual capacity: commissioning now, output only at end-2026 or early 2027, which tells you how long optoelectronic chip capacity takes to convert from capex to supply. For the domestic optical communications supply chain, this is a slow-moving addition rather than an imminent shift in availability. Whether the commissioning stays on schedule, and how much of the RMB 1.251 billion translates into qualified rather than nominal capacity, is the open question.