智通财经APP获悉，根据2025年11月3日披露数据，恆生中国企业（02828）、盈富基金（02800）、中 铝国际（02068）港股通持股占比增加值最大，分别增加5.34%、3.09%、1.58%；山东墨龙（00568）、 长飞光纤光缆（06869）、华能国际电力股份（00902）港股通持股占比减少值最大，分别减 少-2.08%、-1.44%、-1.32%。 在最近有统计数据的5个交易日内，恆生中国企业（02828）、盈富基金（02800）、昭衍新药（06127） 港股通持股占比增加值最大，分别增加5.27%、2.67%、2.14%；东方电气（01072）、福莱特玻璃 （06865）、山东墨龙（00568）港股通持股占比减少值最大，分别减少-3.81%、-3.31%、-3.16%。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新日占比增持榜（前20名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 恆生中国企业(02828) | +5.34% | 6.34% | | 盈富基金(02800) | +3.09% | 4.83% | | 中铝国际(0 ...

Investment Rating - The report maintains an "Overweight" rating for the company [6]. Core Views - The company's revenue for Q3 reached 3.891 billion RMB, representing a year-over-year increase of 16.27% and a quarter-over-quarter increase of 11.46%. However, the net profit attributable to shareholders decreased by 10.89% year-over-year to 174 million RMB, despite a quarter-over-quarter increase of 20.75% [1]. - The company is experiencing strong demand for high-end products driven by AI computing needs, particularly in the G.654.E fiber optic cable, which has become a preferred choice for long-distance trunk network upgrades [2]. - The overall gross margin for the first three quarters of 2025 was 28.83%, an increase of 1.01 percentage points year-over-year, while the net profit margin decreased by 2.02 percentage points to 4.57% [3]. - The company expects significant growth in net profit for 2025-2027, with projected figures of 865 million RMB, 1.621 billion RMB, and 2.392 billion RMB, respectively, reflecting year-over-year growth rates of 27.96%, 87.48%, and 47.51% [4]. Summary by Sections Financial Performance - Q3 revenue was 3.891 billion RMB, up 16.27% year-over-year and 11.46% quarter-over-quarter. For the first three quarters of 2025, total revenue was 10.275 billion RMB, a year-over-year increase of 18.18% [1]. - The net profit attributable to shareholders for Q3 was 174 million RMB, down 10.89% year-over-year, while the net profit for the first three quarters was 470 million RMB, down 18.02% year-over-year [1]. - The gross margin for the first three quarters was 28.83%, up 1.01 percentage points year-over-year, while the net profit margin was 4.57%, down 2.02 percentage points year-over-year [3]. Product Development and Market Position - The company is focusing on high-value products, with the G.654.E fiber optic cable gaining significant market share in recent group-level procurement by China Telecom [2]. - The company is leading in the research and industrialization of hollow-core fiber optics, and its MPO, AOC, and high-speed copper cable businesses are strong growth points, benefiting from the construction of AI data centers in North America [2]. Profitability Forecast - The report maintains profit forecasts for 2025-2027, with expected net profits of 865 million RMB, 1.621 billion RMB, and 2.392 billion RMB, indicating substantial growth rates [4]. - The target price for A shares is set at 100.55 RMB, while for H shares, it is 53.38 HKD, based on a projected PE ratio of 47x for 2026 [4].

長飛光纖光纜股份有限公司 Yangtze Optical Fibre and Cable Joint Stock Limited Company* （於中華人民共和國註冊成立的股份有限公司） （股份代號：6869） 莊丹先生 非執行董事 馬杰先生 （主席） 弗雷德里克‧佩森先生 郭韜先生 皮埃爾‧法奇尼先生 哈馬萬德•施羅夫先生 梅勇先生 獨立非執行董事 滕斌聖先生 宋瑋先生 李長愛女士 曾憲芬先生 董事會成員名單與其角色和職能 長飛光纖光纜股份有限公司董事會（「董事會」）成員載列如下： 執行董事 審計委員會 宋瑋先生 （主席） 李長愛女士 曾憲芬先生 提名及薪酬委員會 滕斌聖先生 （主席） 郭韜先生 宋瑋先生 中國武漢，二零二五年十月三十一日 2 * 僅供識別 1 董事會設有三個董事委員會。董事委員會的組成如下： 戰略委員會 馬杰先生 （主席） 莊丹先生 滕斌聖先生 ...

Market Overview - The CPO concept has experienced a collective pullback for the second consecutive day, with notable declines in several companies including Tianfu Communication, which fell over 4%, and others like Guangku Technology, Dekeli, Xinyi Sheng, Lian Te Technology, Zhongji Xuchuang, and Changfei Fiber, all dropping over 3% [1]. Company Performance - Zhongji Xuchuang reported Q3 2025 revenue of 10.216 billion, a year-on-year increase of 56.83%, and a net profit of 3.137 billion, up 124.98% year-on-year. For the first three quarters, revenue reached 25.005 billion, growing 44.43%, with net profit at 7.132 billion, a 90.05% increase [2]. - Xinyi Sheng disclosed Q3 2025 revenue of 6.068 billion, marking a year-on-year growth of 152.53%, but a quarter-on-quarter decline of 5%. The net profit was 2.385 billion, up 205.38% year-on-year, with a slight quarter-on-quarter increase of 0.63%. For the first three quarters, revenue totaled 16.505 billion, a 221.70% increase, and net profit was 6.327 billion, up 284.37% [3]. Analyst Insights - Citigroup noted that Xinyi Sheng's Q3 net profit fell short of investor expectations, predicting a negative market reaction. However, this may be a one-time event, with expectations for significant net profit growth in Q4 due to the delivery of 1.6T product orders and the recognition of delayed order revenues. Citigroup maintains a buy rating on the stock [3].

每经AI快讯，长飞光纤光缆(06869.HK)绩后跌超5%，截至发稿，跌4.22%，报36.78港元，成交额2.37亿 港元。 ...

Core Viewpoint - Changfei Fiber Optics reported a decline in net profit despite revenue growth, indicating potential challenges in profitability despite positive revenue trends [1] Financial Performance - In Q3, Changfei Fiber achieved revenue of 3.891 billion yuan, a year-on-year increase of 16.27% [1] - Net profit attributable to shareholders for Q3 was 174 million yuan, a year-on-year decrease of 10.89% [1] - For the first three quarters, total revenue reached 10.275 billion yuan, reflecting an 18.18% year-on-year growth [1] - Net profit attributable to shareholders for the first three quarters was 470 million yuan, down 18.02% year-on-year [1] Market Sentiment and Future Outlook - UBS noted 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 [1] - The firm anticipates moderate upward potential in the near term, with hollow fiber expected to mature over the next 2-3 years, contributing significantly to revenue [1] - However, the short-term impact on profitability from hollow fiber remains limited [1]

智通财经APP讯，长飞光纤(601869.SH)发布2025年三季度报告，该公司前三季度营业收入为102.75亿 元，同比增长18.18%。归属于上市公司股东的净利润为4.7亿元，同比减少18.02%。归属于上市公司股 东的扣除非经常性损益的净利润为2.83亿元，同比减少8.15%。基本每股收益为0.62元。 ...

Core Viewpoint - Changfei Fiber (601869.SH) reported a year-on-year increase in revenue and net profit for Q3 2025, indicating strong financial performance in the fiber optics industry [1] Financial Performance - The company's operating revenue reached 3.891 billion yuan, representing a 16.27% increase compared to the same period last year [1] - The net profit attributable to shareholders was 174 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 145 million yuan [1]

智通财经APP讯，长飞光纤光缆(06869)公布2025年前三季度业绩，营业收入约102.75亿元，同比增长 18.18%;归属于上市公司股东的净利润约4.7亿元，同比减少18.02%;基本每股收益0.62元。 ...

格隆汇10月30日丨长飞光纤光缆(06869.HK)公告，2025年公司前三季度营收为102.75亿元，同比增长 18.18%；归属于上市公司股东的净利润4.7亿元。基本每股收益0.62元。 ...