Core Viewpoint - The optical communication industry is experiencing a new rhythm driven by the substantial demand for AI computing power, leading to an earlier-than-expected market recovery and stock price rebound [1] Company Summary - Huiju Technology (01729) has seen its stock price increase by over 12%, currently trading at 17.68 HKD with a transaction volume of 629 million HKD [1] - The company's MPO (Multi-fiber Push On) business is a core profit source, with a leading position in technology and significant demand, particularly as it has become a major supplier within the Google ecosystem [1] - The 16-core MPO has achieved mass shipments, positioning the company well within the overseas cloud supplier chain, indicating strong future growth prospects for the MPO business [1] Industry Summary - The optical communication industry is witnessing a recovery phase earlier than the typical second-quarter uptick, driven by continuous order additions from overseas manufacturers and expanding computing power demands [1] - Compared to traditional single-core connectors, MPO offers advantages such as space-saving in wiring and optimization of wiring complexity, aligning with the upgrade trends in AI data centers [1] - The acceleration of AI computing infrastructure construction is expected to sustain high growth for the MPO business in the coming years, supported by ongoing expansion of major clients and advancements in technology [1]

Core Viewpoint - The optical communication industry is experiencing a new momentum driven by the substantial demand for AI computing power, leading to an earlier-than-expected market recovery and stock price rebound [1][1]. Industry Summary - The optical communication sector is witnessing a recovery trend, with the market showing signs of improvement earlier than the typical second-quarter uptick [1]. - Continuous order additions from overseas manufacturers and expanding computing power demand are key drivers of this change [1]. Company Summary - The company is positioned as a leading supplier of MPO products, which are crucial for AI data center upgrades due to their advantages over traditional single-core connectors, such as space-saving and reduced wiring complexity [1]. - The MPO business is the company's core profit source, with the 16-core MPO already in mass production and serving as a primary supplier within the Google ecosystem [1]. - The demand for MPO products is robust, and their profitability significantly exceeds the company's average, indicating strong growth potential in the coming years due to ongoing expansion with major clients and advancements in overseas production capacity and technology [1].

汇聚科技(01729)发布公告，于2025年10月24日根据股份计划发行14.9万股。 ...

智通财经APP讯，汇聚科技(01729)发布公告，于2025年10月24日根据股份计划发行14.9万股。 ...

表格類別： 股票 狀態： 新提交 公司名稱： 匯聚科技有限公司 呈交日期： 2025年10月24日 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) 第 2 頁 共 6 頁 v 1.3.0 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

每经AI快讯，10月24日，港股汇聚科技(01729.HK)盘中涨超16%，截至发稿，涨11.95%，报15.83港 元，成交额2.79亿港元。 （文章来源：每日经济新闻） ...

Core Viewpoint - The stock of Huiju Technology (01729) has seen significant price movement, with an intraday increase of over 16% and a current rise of 11.95% to HKD 15.83, with a trading volume of HKD 279 million [1] Group 1: Company Performance - On October 23, Huiju Technology held an investor day event, which contributed to the positive market sentiment [1] - According to a report from Everbright Securities, the company's revenue from data center wire components, specialty cables, and server ODM business is expected to continue to grow rapidly due to sustained demand for AI computing power and related infrastructure [1] - The trend of automotive intelligence is driving a significant increase in demand for automotive cables, further supporting the company's growth prospects [1] Group 2: Strategic Developments - The acquisition of German wiring harness manufacturer Leoni AG by the controlling shareholder, Luxshare Precision (002475), is anticipated to create synergies in channels and technology between Leoni AG's automotive cable business and Huiju Technology's operations [1] - Everbright Securities maintains a "Buy" rating for Huiju Technology, reflecting confidence in the company's future performance and growth potential [1]

Core Viewpoint - The stock of Huiju Technology (01729) experienced a significant increase, rising over 16% during trading and currently up by 11.95% at HKD 15.83, with a trading volume of HKD 279 million [1] Group 1: Company Performance - On October 23, Huiju Technology held an investor day event, which contributed to the positive market reaction [1] - According to a report from Everbright Securities, the company's revenue from data center wire components, specialty cables, and server ODM business is expected to continue to grow rapidly due to sustained demand for AI computing power and related infrastructure [1] - The trend of automotive intelligence is driving a significant increase in demand for automotive cables, further supporting the company's growth prospects [1] Group 2: Strategic Developments - The acquisition of German wiring harness manufacturer Leoni AG by the controlling shareholder, Luxshare Precision, is anticipated to create synergies in channels and technology between Leoni AG's automotive cable business and Huiju Technology's operations [1] - Everbright Securities maintains a "Buy" rating for the company, reflecting confidence in its growth trajectory and strategic positioning in the market [1]

Investment Rating - The report maintains a "Buy" rating for the company [5][14]. Core Insights - The company, Huiju Technology (1729.HK), is positioned as a supplier of high-density optical fiber products, benefiting from the booming demand in AI computing and data center infrastructure [6][10]. - The company has shown significant revenue growth, with total revenue for the first half of 2025 reaching HKD 48.54 billion, a year-on-year increase of 82.1% [6]. - The report highlights the company's strong manufacturing capabilities in high-density optical fiber connectors, particularly the MPO connectors, which are essential for data center applications [8][9]. Summary by Sections Company Overview - Huiju Technology operates in the precision cable solutions sector, with production bases for copper and optical fiber products located in Huizhou, Guangdong [5]. Financial Performance - For the first half of 2025, the company reported a net profit of HKD 3.14 billion, up 47.1% year-on-year, driven by the high demand for data center wire components and server assembly [6]. - The revenue breakdown shows that server business accounted for 52.8% of total revenue, with a staggering growth of 318.1% year-on-year [11]. Market Position and Growth Potential - The company is expanding its overseas production capacity, with plans to increase overall capacity by approximately 80% by 2026 to meet the growing demand for AI data centers and high-density cabling [10]. - The MPO connector market is expected to grow significantly due to the increasing demand for high-speed data transmission in data centers, with the company positioned to benefit from this trend [8][9]. Business Segments - The main business segments include wire components, digital wires, and server assembly, with the server assembly segment showing the most rapid growth [6][11]. - The report notes that the company is also integrating Leoni K's automotive cable solutions, which is expected to enhance its competitive position in the automotive supply chain [12][14]. Future Outlook - The company is projected to achieve net profits of HKD 6.58 billion, HKD 11.12 billion, and HKD 14.12 billion for the years 2025 to 2027, reflecting growth rates of 46.0%, 68.9%, and 26.9% respectively [14][15].

智通财经APP讯，汇聚科技(01729)发布公告，于2025年10月21日，就根据股份计划发行11.4万股新股 份。 ...