此外，MSCI香港指数纳入周生生(00116)、鹰君(00041)、美高梅中国(02282)等7只个股。同时剔除科济药业 (02171)、和记电讯香港(00215)。 | MSCI香港指数 | | | --- | --- | | 纳入 | 刷除 | | 周生生(00116) | 科济药业(02171) | | 京信通信(02342) | 和记电讯香港(00215) | | 鹰君(00041) | | | 佳鑫国际资源(03858) | | | 美高梅中国(02282) | | | Super X AI Technology (SUPX. US) | | | 和铂医药-B(02142) | | | MOUT土杯小mI以扣双 | | | --- | --- | | 纳入 | 刷除 | | 歌礼制药(01672) | 沧港铁路(02169) | | 美丽田园医疗健康(02373) | 中国黄金国际(02099) | | 北控水务集团(00371) | 中国利郎(01234) | | 中国秦发(00866) | 中国有色矿业(01258) | | 华润医药(03320) | 协合新能源(00182) | | 玉柴国际 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 長飛光纖光纜股份有限公司 呈交日期: 2025年11月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06869 | 說明 | 長飛光纖光纜 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 351,566,794 | RMB | | | 1 RMB | | 351,566,794 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 351,566,794 | RMB | | | 1 RMB | | 351,566,794 | | 2. 股份分類 ...

Group 1 - The Hang Seng Index fell by 0.28%, down 73 points, closing at 25,878 points, while the Hang Seng Tech Index decreased by 0.80%. The early trading volume in Hong Kong stocks was HKD 138.2 billion [1] - AI concept stocks experienced a decline, with concerns over high valuations. Institutions suggest that the long-term outlook for Hong Kong tech stocks remains attractive [1] - Hui Liang Technology (01860) dropped over 6%, and Kingsoft (03888) fell by 2.81% [1] Group 2 - Longpan Technology (603906) saw an increase of over 9% as lithium battery midstream prices continue to rise, with institutions expecting further price momentum [2] - Yimai Sunshine (02522) rose by 3.27% following several directors' share purchases, and the "AI + healthcare" sector is expected to benefit from new policies [3] - China Duty Free Group (601888) (01880) increased by over 4%, marking its first interim dividend, with recent policies likely to boost the duty-free industry [3] Group 3 - Yihua Tong (02402) surged by 7.7%, with significant cash flow improvement in the first three quarters, and fuel cell vehicle production is expected to accelerate [4] - Tianli International Holdings (01773) rose by 4.9%, with its AI learning companion already implemented in over 100 schools nationwide [5] - Mixue Group (02097) increased by 2.89%, planning to collaborate with Anjun Express for cold chain operations in Brazil [6] Group 4 - Huishang Bank (03698) rose by 4%, reporting a net profit of CNY 14.149 billion in the first three quarters, with institutions indicating potential for future growth [7] - Sanhua Intelligent Control (002050) (02050) fell by 1.94%, as Goldman Sachs pointed out overly optimistic robot expectations, while the market is focused on Tesla's trillion-dollar compensation plan [7] - Home Control (01747) dropped by 13%, facing scrutiny from the Hong Kong Securities and Futures Commission due to high stock ownership concentration [7] - Long Fiber Optic (601869) (06869) declined by 2.81%, with Q3 net profit down nearly 11%, and UBS stated that the impact of hollow-core fiber on profitability is limited in the short term [7]

龙蟠科技(02465)午前涨超9%，锂电中游涨价持续进行，机构预计后续存在涨价动能。 智通财经APP获悉，港股恒生指数跌0.28%，跌73点，报25878点；恒生科技指数跌0.80%。港股早盘成 交1382亿港元。 一脉阳光(02522)涨3.27%，获若干董事增持，人工智能+医疗卫生"迎新政。 中国中免(01880)逆市涨超4%，公司首次中期分红，近期多项政策出台有望推动免税行业增长。 AI概念股悉数走低。市场对AI高估值担忧加剧，机构称中长期看港股科技点位有吸引力。汇量科技 （01860）跌超6%；金山软件(03888)跌2.81%。 徽商银行(03698)再涨4%，前三季度净利润141.49亿元，机构指其后续有望入通。 三花智控(02050)再跌1.94%，高盛指其机器人预期过高，市场关注特斯拉万亿薪酬计划。 HOME CONTROL(01747)跌13%，遭香港证监会点名股权高度集中。 亿华通(02402)再涨7.7%，前三季度现金流显著改善，燃料电池车量有望加速释放。 天立国际控股(01773)早盘涨4.9%，天立启鸣AI学伴已在全国超百所学校中应用。 蜜雪集团(02097)午前涨2.89%，近日拟 ...

11月5日，长飞光纤盘中下跌2.01%，截至10:32，报80.92元/股，成交3.21亿元，换手率0.96%，总市值 613.30亿元。 资金流向方面，主力资金净流出1581.26万元，特大单买入2459.02万元，占比7.65%，卖出2823.01万 元，占比8.79%；大单买入5762.68万元，占比17.94%，卖出6979.95万元，占比21.73%。 长飞光纤今年以来股价涨173.18%，近5个交易日跌11.08%，近20日跌19.75%，近60日涨42.64%。 今年以来长飞光纤已经10次登上龙虎榜，最近一次登上龙虎榜为9月18日。 分红方面，长飞光纤A股上市后累计派现21.29亿元。近三年，累计派现9.43亿元。 机构持仓方面，截止2025年9月30日，长飞光纤十大流通股东中，德邦鑫星价值A（001412）位居第六 大流通股东，持股373.23万股，为新进股东。香港中央结算有限公司位居第七大流通股东，持股318.74 万股，相比上期减少276.22万股。中欧价值发现混合A（166005）、财通价值动量混合A（720001）退 出十大流通股东之列。 责任编辑：小浪快报 资料显示，长飞光纤光缆股份 ...

每经AI快讯，长飞光纤光缆(06869.HK)再跌近4%，截至发稿，跌3.61%，报33.62港元，成交额1.04亿港 元。 ...

Core Viewpoint - Changfei Fiber Optics (601869) experienced a nearly 4% decline in stock price, closing at HKD 33.62 with a trading volume of HKD 104 million, following the release of its financial results [1] Financial Performance - In Q3, Changfei Fiber Optics reported revenue of RMB 3.891 billion, representing a year-on-year increase of 16.27% and a quarter-on-quarter increase of 11.46% [1] - The net profit attributable to shareholders for Q3 was RMB 174 million, showing a year-on-year decline of 10.89% but a quarter-on-quarter increase of 20.75% [1] - For the first three quarters, the total revenue reached RMB 10.275 billion, up 18.18% year-on-year, while the net profit attributable to shareholders was RMB 470 million, down 18.02% year-on-year [1] Market Sentiment and Future Outlook - UBS recently published a report indicating that current market sentiment reflects the growth potential of Changfei's high-margin data communication business and initial optimism regarding hollow fiber optics, suggesting moderate future upside [1] - The report highlights that hollow fiber optics have long-term development potential, with expectations for technology maturation and significant revenue contributions over the next 2-3 years, although the short-term impact on profitability remains limited [1]

Core Viewpoint - Changfei Fiber Optics experienced a nearly 4% decline in stock price following the release of its earnings report, indicating market concerns despite revenue growth in the third quarter [1] Financial Performance - In Q3, Changfei Fiber Optics reported revenue of 3.891 billion RMB, representing a year-on-year increase of 16.27% and a quarter-on-quarter increase of 11.46% [1] - The net profit attributable to shareholders for Q3 was 174 million RMB, showing a year-on-year decline of 10.89% but a quarter-on-quarter increase of 20.75% [1] - For the first three quarters, total revenue reached 10.275 billion RMB, up 18.18% year-on-year, while net profit attributable to shareholders was 470 million RMB, down 18.02% year-on-year [1] Market Sentiment and Future Outlook - UBS's recent report suggests that current market sentiment reflects optimism regarding the growth potential of Changfei's high-margin data communication business and initial positive expectations for hollow fiber technology [1] - The report indicates that while there is moderate upside potential in the near term, the hollow fiber technology is expected to mature over the next 2-3 years, contributing significantly to revenue as a strategic growth lever for the company [1]

Core Insights - Longfei Fiber's Q3 revenue reached 3.891 billion yuan, a year-on-year increase of 16.27% and a quarter-on-quarter increase of 11.46%, while net profit attributable to shareholders was 174 million yuan, down 10.89% year-on-year but up 20.75% quarter-on-quarter [1] - The company's core profitability improved, with operating profit for the first three quarters increasing by 63.3% year-on-year to 611 million yuan, and Q3 profit total increasing by 37.23% year-on-year, driven by revenue growth and improved gross margin [1] Financial Performance - For the first three quarters of 2025, the company achieved revenue of 10.275 billion yuan, a year-on-year increase of 18.18%, and net profit attributable to shareholders of 470 million yuan, down 18.02% year-on-year [1] - The comprehensive gross margin for the first three quarters was 28.83%, an increase of 1.01 percentage points year-on-year, attributed to the higher proportion of high-value-added products such as G.654.E and multi-mode fibers [2] - The net profit margin was 4.57%, a decrease of 2.02 percentage points year-on-year, mainly due to a significant reduction in non-operating income and increased tax expenses [2] Growth Drivers - The demand for high-end products driven by AI computing needs is strong, despite short-term pressure on traditional fiber demand from the telecom sector [1] - The G.654.E fiber, preferred for long-distance backbone network upgrades, has gained significant market share in recent group-level procurement by China Telecom [1] - The company is leading in the research and industrialization of hollow-core fibers, and its subsidiary's business in MPO, AOC, and high-speed copper cables has become a strong growth point, benefiting from the construction of AI data centers in North America [1] Profit Forecast and Valuation - The company maintains its profit forecast, expecting net profits attributable to shareholders of 865 million yuan, 1.621 billion yuan, and 2.392 billion yuan for 2025-2027, with year-on-year growth rates of 27.96%, 87.48%, and 47.51% respectively [2] - The target price for A-shares is set at 100.55 yuan, reflecting a PE ratio of 47x for 2026, while the target price for H-shares is 53.38 HKD, corresponding to a PE ratio of 23x for 2026 [2]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of November 4, with Northeast Electric (00042) leading with a premium rate of 900.00% [1] - The article also discusses the deviation values of these stocks, indicating significant discrepancies between their A-shares and H-shares [1] Summary of Top AH Premium Rates - Northeast Electric (00042) has the highest premium rate at 900.00%, followed by Hongye Futures (03678) at 258.42% and Zhejiang Shibao (01057) at 252.00% [1] - The top ten stocks with the highest premium rates include Sinopec Oilfield Service (01033) at 251.95% and Andeli Juice (02218) at 250.56% [1] Summary of Bottom AH Premium Rates - The stocks with the lowest AH premium rates include CATL (03750) at -17.17%, China Merchants Bank (03968) at 1.22%, and Heng Rui Pharmaceutical (01276) at 5.23% [1] - Other notable mentions in the bottom ten include Midea Group (00300) at 6.99% and Weichai Power (02338) at 11.05% [1] Summary of Deviation Values - Northeast Electric (00042) also leads in deviation value at 64.66%, indicating a significant difference from its average premium rate [1] - Other stocks with high deviation values include Changfei Optical Fiber (06869) at 27.92% and Shandong Molong (00568) at 27.79% [1] - Conversely, the stocks with the lowest deviation values include CNOOC Oilfield Services (02883) at -12.36% and Haohai Biological Technology (06826) at -9.36% [1]