[Tianfu Communications: The supply situation of key bottleneck materials for active optical devices has improved compared with the first half of the year, and the positive impact on operating performance is expected to be gradually released in the next few quarters] On October 16, Tianfu Communications (300394.SZ) released an investor relations activity record statement. Since the end of the second quarter, the company has seen an improvement in the supply of key bottleneck materials for active optical devices compared with the first half of the year. It is expected that the positive impact of related supply improvements on the company's operating performance will be gradually released in the next few quarters. In terms of passive optical components, driven by the continued growth of industry demand, related businesses have maintained a good development momentum. The company is continuing to promote production expansion in combination with customer needs and market changes. In terms of overseas production capacity layout, the company has established a production base in Thailand, and some passive components are already in mass production to meet the global supply needs of different customers. In response to the new technological directions emerging at the OCP conference, the R&D team has carried out relevant discussions and preliminary research. From the perspective of technology development trends, more new products are evolving towards multi-channel and high integration, which will help further leverage the company's process capability advantages in high-precision passive components, as well as its existing expertise in optical coupling, precision manufacturing and large-scale high-quality batch delivery.