[Yunnan Germanium Industry: The existing indium phosphide wafer production capacity and the production capacity under construction have been locked by customers until the end of 2027] On November 10, Yunnan Germanium Industry (002428.SZ) released an investor relations activity record announcement. The current market demand for indium phosphide wafers is strong. The company's existing production capacity and production capacity under construction have been locked by customers until the end of 2027. Its customers include well-known downstream manufacturers at home and abroad. In terms of 6-inch products, the company has signed multiple formal sales contracts with downstream customers since June 2026. Its holding subsidiary Yunnan Xinyao has orders for about 13,000 6-inch indium phosphide wafers, with a total amount of about 300 million yuan. Its customers are mainly overseas leading downstream manufacturers. At present, some orders have obtained export licenses and are being delivered continuously. In terms of raw material security, the company has signed purchase contracts with suppliers and locked in the supply of raw materials for indium phosphide products in 2027.