Torch Technology: As of the third quarter of 2025, the revenue from the field of optical communication still accounts for a very low proportion of the company's overall revenue.

Juguang Technology announced that the deviation of the closing price of the company's stock from the previous 3 trading days has accumulated to more than 30%, indicating abnormal fluctuations in stock trading. Although the prosperity of the optical communication industry has improved recently, as of the third quarter of 2025, the revenue from the company's optical communication sector still accounts for a low proportion of the overall revenue, approximately 7%, which has not yet become a core performance pillar. Investors are reminded to pay attention to risks such as technological iterations in the optical communication industry, intensified market competition, and changes in the supply-demand structure, to rationalize fluctuations in stock prices, and to pay attention to investment risks.