Economic Observation Network As a new stock, there are differences in the market regarding the fundamental situation of Hai Guang Xin, and the realization of related profits still needs time to be verified

Company fundamentals:
As a new stock, there are differences in the market regarding its high revenue (1.22 billion yuan in 2025) but low gross profit (9%) and sustained losses (net loss of 100 million yuan in 2025) fundamentals Although there is a story of "full stack silicon photonics" technology, the realization of profits still needs time to be verified 。

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