Once known as the "Optical Module Concept Stock," Mingpu Optoelectronics suffered three consecutive losses and is once again borrowing from its actual controller.

C114 News, March 10 (Nanshan) Once known as a “light module concept stock,” Mingpu Optoelectronics is no longer popular in the capital market, and its performance has been extremely poor, with large losses for three consecutive years.

Mingpu Optoelectronics’ 2025 earnings forecast shows the company expects a net profit of -275 million to -220 million yuan, and a net profit after non-recurring gains and losses of -255 million to -200 million yuan. In 2023 and 2024, Mingpu Optoelectronics lost 259 million and 291 million yuan respectively.

With continuous losses, the company’s cash flow has become somewhat tight. Mingpu Optoelectronics announced that to meet the needs of production and operational turnover, it plans to sign a loan agreement with its controlling shareholder Yang Xianjin, borrowing no more than 70 million yuan for a period not exceeding 12 months.

Since the beginning of this year up to the date of this announcement, aside from this related-party transaction, the company has borrowed a total of 20 million yuan from Yang Xianjin, and has received guarantees totaling approximately 144.192 million yuan from Yang Xianjin and his concerted parties.

Mingpu Optoelectronics mainly engages in magnetic components, with additional businesses in optical communications, power adapters, and communication power supply systems. In 2022, Mingpu Optoelectronics was wildly speculated on by the market as a concept stock for optical communications, with its stock price soaring nearly four times.

As of the time of this report, Mingpu Optoelectronics’ latest market value is 5.062 billion yuan.