[SDIC Machinery] Minbao Optoelectronics (Xiazhi Precision) Research Feedback:

English summary

### [SDIC Machinery] Minbao Optoelectronics (Xiazhi Precision) Research Feedback: Time: 2026-07-29 22:22:13 Content: [SDIC Machinery] Minbao Optoelectronics (Xiazhi Precision) Research Feedback: Today we organized a survey of Xiazhi Precision. Chairman Liu of Xiazhi communicated and led a visit to the production base. The relevant content is summarized as follows: 1. Shipments. In June, shipments were 20 million units, with an average price exceeding 1.7 yuan/unit, of which products 30x and above were about 3 million units (10%). Q2 2026 cumulative shipments exceeded 50 million units, +40% QoQ vs Q1 2026. July capacity is expected to reach 26 million units, average price may approach 2 yuan; 2. Core customers. In June, Shenghong accounted for 10%, Huatong 10%, Shennan 5%, ramping up quickly. Testing for customers such as Dongshan, Jingwang, Fangzheng, Hongban for products with 30X and above high magnification is in the final stage, with mass production expected in Aug-Sep. 3. Capacity expansion. ...