Meig Smart Technology Co., Ltd. (002881.SZ) has announced a strategic move to establish a joint venture with partners, aiming to expand its business footprint into the optical communications field.

According to the company's official announcement, Meig Smart Technology Co., Ltd. (002881.SZ) plans to co-invest with Zhao Ge Venture Capital (Shenzhen) Partnership (Limited Partnership) and Suzhou Xingyuan Optoelectronics Technology Co., Ltd. (referred to as "Xingyuan Optoelectronics") to set up a new entity named Meig Optical Core (Shanghai) Technology Co., Ltd. (referred to as "Meig Optical Core").

Where to begin: The proposed registered capital for Meig Optical Core is set at 100 million yuan. Of this total, Meig Smart Technology Co., Ltd. (002881.SZ) will subscribe for 70 million yuan, securing a 70% equity stake. Xingyuan Optoelectronics will contribute 10 million yuan, holding a 10% share. Once established, Meig Optical Core will become a consolidated subsidiary of Meig Smart Technology Co., Ltd. (002881.SZ), and its financial results will be incorporated into the parent company's consolidated statements.

Why focus on this partnership: The joint venture is designed to facilitate technological and product collaboration between the parties. Specifically, it will focus on the research, development, design, and packaging of optical components, optical engines, and related modules and subsystems, leveraging the high-end indium phosphide laser chips and other optical chips developed by Xingyuan Optoelectronics. Additionally, the venture will integrate core supply chain resources, such as DSP (Digital Signal Processor) chips, to conduct research, development, design, and packaging of optical communication modules for data centers, building upon Xingyuan's optical chip capabilities and other available optical chip resources.

The collaboration is expected to combine Meig Smart Technology Co., Ltd. (002881.SZ)'s long-standing expertise in wireless communications and electrical signal technology, along with its strengths in communication module assembly, advanced SIP packaging production capacity, and supply chain management. This will be complemented by Xingyuan Optoelectronics' core technical advantages in optical chips, optical engines, and optical communications. The partnership aims to create a synergistic effect across the upstream and downstream industry chain, enabling the development of comprehensive solutions spanning optical components, engines, and modules. The ultimate goal is to establish a complete R&D system, product portfolio, and delivery capability, allowing the company to swiftly address domestic and international market demands and cultivate a new growth driver for its business.