Major Events - Giant Bio (02367) received the Medical Device Registration Certificate from the National Medical Products Administration for its recombinant type I α1 collagen and sodium hyaluronate composite solution [1] - Jitu Express-W (01519) plans to subscribe for 226 million H shares of SF Holding and issue 822 million Class B shares to SF Holding [1] - Zijin Mining (02899) signed a cooperation and equity transfer agreement for the Shapingou Molybdenum Mine project [1] - Jiangxi Copper (00358) subsidiary signed an Investment Option Agreement with First Quantum for exploration cooperation in Kazakhstan's mining projects [1] - Derin Holdings (01709) received conditional approval from the CSRC for Derin Securities to provide virtual asset consulting services [1] - GAC Group (02238) subsidiary GAC Trumpchi received 100 million yuan in funding for industrial transformation and development [1] - Juteng International (03336) suspected of a cyber attack and has initiated a comprehensive investigation [1] Operating Performance - China Southern Airlines (01055) increased passenger capacity input by 11.89% year-on-year in December [1] - Air China (00753) reported a 10% year-on-year increase in passenger turnover in December [1] - China Eastern Airlines (00670) saw a 7.61% year-on-year increase in passenger turnover in December [1] - China Metallurgical Group (01618) new contract amount for 2025 is 1,113.6 billion yuan, a decrease of 10.8% year-on-year [1] - ZhongAn Online (06060) projected total original insurance premium income of approximately 35.643 billion yuan for 2025, an increase of 6.66% year-on-year [1] - China General Nuclear Power Corporation (01164) produced a total of 702.5 tons of natural uranium in the fourth quarter [1] - Jiuxing Holdings (01836) reported a 0.8% year-on-year increase in comprehensive income to 388.6 million USD in the fourth quarter [1] - Luoyang Molybdenum (03993) issued a profit warning, expecting annual net profit attributable to shareholders to be between 20 billion and 20.8 billion yuan, an increase of 47.80% to 53.71% year-on-year [1] - Chongqing Iron and Steel (01053) issued a profit warning, expecting a net loss of 2.5 billion to 2.8 billion yuan for 2025 [1] - Huiju Technology (01729) issued a profit warning, expecting annual net profit to increase by approximately 60% to 70% year-on-year [1]

Group 1 - The company expects its net profit for the year ending December 31, 2025, to increase by approximately 60% to 70% compared to the net profit reported for the year ending December 31, 2024 [1] - The anticipated growth is primarily driven by an increase in sales orders within the wire components division, particularly from data centers and server segments [1] - Additionally, the company's share of profits from associated companies is expected to contribute positively to this year's performance [1]

集团认为，有关增长乃主要由于(i)电线组件分部内数据中心及服务器分部的销售订单增加带动集团收入 增加；及(ii)本年度分占联营公司业绩净额增加。 格隆汇1月15日丨汇聚科技(01729.HK)公告，预期集团截至2025年12月31日止年度纯利将较其2024年度 报告所披露集团截至2024年12月31日止年度("上一年度")的纯利录得约60%至70%的增长。 ...

本公司仍在落實本集團本年度的年度業績。本公告所載資料僅基於董事會參考其目前可得 資料及本集團截至二零二五年十二月三十一日止年度的未經審核綜合管理賬目作出的初步 審閱及評估，有關資料未經本公司核數師審閱或審核，亦未經本公司審核委員會審閱，並 有待落實及作出進一步調整。因此，本集團本年度的實際業績可能有別於本公告所披露的 資料。本集團財務表現的詳情將於本集團本年度的年度業績公告披露，該公告預期將於二 零二六年三月底前刊發。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 1729 正面盈利預告 本公告乃由匯聚科技有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事（「董事」） 會（「董事會」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香 港法例第571章證券及期貨條例第XIVA部項下內幕消息條文（定義見上市規則）而作出。 董事會謹此知會本公司股東（「股東」）及潛在投資者，根據對本集團截至二零二五年十二月 三十 ...

Core Viewpoint - The Hong Kong stock market has seen a significant rise in optical communication concept stocks, indicating positive market sentiment in this sector [1] Group 1: Stock Performance - Cambridge Technology (06166.HK) increased by 6.13%, reaching HKD 88.3 [1] - Hong Teng Precision (06088.HK) rose by 5.74%, trading at HKD 4.97 [1] - Huiju Technology (01729.HK) saw a gain of 5.43%, with a price of HKD 15.54 [1] - Hua Hong Semiconductor (01347.HK) climbed by 4.33%, priced at HKD 97.6 [1]

消息面上，据报道，1月15日，台积电董事长兼首席执行官C.C.Wei与财务长Wendell Huang举行2025Q4 绩后法说会。台积电公布2026年资本支出计划最高将达560亿美元，较2025年实际支出409亿美元大幅增 长37%，创下该公司历史新高。此外，管理层表示："未来三年资本支出将显著增加。实现56%及以上 长期毛利率是可实现的。" 国投证券研报表示，AI算力需求持续扩张，光模块产业景气度延续上行，并为产业链各环节带来机 遇。该行指，新一轮AI算力建设驱动高速光模块需求高增。预计26年全球云厂商资本开支将延续上行 通道，叠加AI集群扩容、新一代算力平台放量，以及1.6T/CPO等技术落地，共同构成核心驱动力。 光通信概念股拉升，截至发稿，剑桥科技（603083）(06166)涨6.13%，报88.3港元；鸿腾精密(06088)涨 5.74%，报4.97港元；汇聚科技(01729)涨5.43%，报15.54港元；华虹半导体(01347)涨4.33%，报97.6港 元。 ...

Core Viewpoint - The optical communication sector is experiencing a significant rally, driven by TSMC's announcement of a substantial increase in capital expenditure for 2026, which is expected to reach a historical high of $56 billion, a 37% increase from 2025's actual spending of $40.9 billion [1] Group 1: Company Performance - Cambridge Technology (06166) shares rose by 6.13% to HKD 88.3 [1] - Hong Teng Precision (06088) shares increased by 5.74% to HKD 4.97 [1] - Huiju Technology (01729) shares climbed by 5.43% to HKD 15.54 [1] - Hua Hong Semiconductor (01347) shares went up by 4.33% to HKD 97.6 [1] Group 2: Industry Insights - TSMC's management indicated that capital expenditures will significantly increase over the next three years, with a long-term gross margin target of 56% or higher being achievable [1] - Guotou Securities reported that the demand for AI computing power is continuously expanding, leading to sustained growth in the optical module industry, which presents opportunities across the supply chain [1] - The new round of AI computing infrastructure development is expected to drive high growth in demand for high-speed optical modules [1] - It is anticipated that global cloud vendors' capital expenditures will continue to rise in 2026, supported by AI cluster expansions, the rollout of new generation computing platforms, and the implementation of technologies such as 1.6T/CPO [1]

Group 1 - The optical communication sector is experiencing a collective rebound, with notable stock price increases for companies such as Huahong Semiconductor (up 5.69% to HKD 94.8), Jingxin Communication (up 5.44% to HKD 2.52), Hongteng Precision (up 5.66% to HKD 4.67), and Huiju Technology (up 2.11% to HKD 14.99) [1][1][1] Group 2 - At CES 2026, NVIDIA announced the Rubin architecture, which is a significant milestone in its data center hardware roadmap, integrating CPU, GPU, DPU, NIC, NVLink interconnect, and Ethernet switching into a comprehensive solution [1][1] - The primary goal of the Rubin platform is to significantly enhance AI performance and energy efficiency, with single GPU AI inference performance improving by 5 times and training performance by 3.5 times compared to previous generations [1][1] - Shanxi Securities released a report indicating that Rubin Ultra is expected to become a crucial milestone for the large-scale industrialization of Scaleup CPO, with Trainium4 and TPUv8 anticipated to be important drivers for CPO/NPO in 2027/28 [1][1] - Key investment aspects of CPO include high-density plug cores and extensive fiber optics resulting from shufflebox and multi-segment fiber wiring, advanced packaging of OE, and a large number of customized FAUs [1][1]

Group 1 - The optical communication sector is experiencing a downturn, with companies like Huiju Technology (01729) down 5.64% to HKD 15.9, Cambridge Technology (603083) down 5.56% to HKD 86.65, and Yangtze Optical Fibre (601869) down 3.39% to HKD 49.32 [1] - Overnight, Lumentum, a US optical communication stock, fell over 7%, negatively impacting market sentiment for the sector today [1] - According to a recent report by Guotou Securities, the optical module market is expected to see growth driven by AI demand expansion and high-end structural releases in 2026 [1] Group 2 - The new wave of AI computing infrastructure is expected to drive high demand for optical modules, with global cloud vendors' capital expenditures projected to continue on an upward trend [1] - Key drivers include the expansion of AI clusters, the rollout of next-generation computing platforms, and the implementation of technologies such as 1.6T/CPO [1] - The industry is evolving through two pathways: Scale-out, which expands horizontally through leaf spine architecture, amplifying optical module demand, and Scale-up, which breaks through copper cable bandwidth and distance limitations, accelerating the penetration of high-end optical modules in applications like GPU cabinet interconnection and memory pooling [1]

Group 1 - The optical communication sector is experiencing a decline, with companies like Huiju Technology (01729) down 5.64% to HKD 15.9, Cambridge Technology (06166) down 5.56% to HKD 86.65, and Yangtze Optical Fibre and Cable (06869) down 3.39% to HKD 49.32 [1] - The drop in the sector is influenced by a significant decline in the US optical communication stock Lumentum, which fell over 7%, affecting market sentiment [1] - According to a recent report from Guotou Securities, the optical module market is expected to see growth driven by AI demand expansion and high-end structural releases by 2026, with a continued upward trend in global cloud vendor capital expenditures [1] Group 2 - The report highlights that the new round of AI computing power construction will drive high growth in the demand for high-speed optical modules, supported by the expansion of AI clusters and the rollout of next-generation computing platforms [1] - The industry is evolving through two main paths: Scale-out, which expands horizontally through leaf spine architecture, amplifying optical module demand through a "multiplier effect," and Scale-up, which breaks through the bandwidth and distance limitations of copper cables, accelerating the penetration of high-end optical modules in applications like GPU cabinet interconnection and memory pooling [1]