Core Viewpoint - Longi Fiber Optics (06869) has seen a nearly 6% increase in stock price, attributed to significant advancements in optical communication technology, particularly the development of a new type of hollow-core fiber with the lowest signal attenuation ever recorded [1] Company Summary - Longi Fiber Optics' stock rose by 5.88% to HKD 48.58, with a trading volume of HKD 1.138 billion [1] - The company has been recognized for its leading hollow-core technology capacity and has successfully won bids for related projects [1] - Longi, in collaboration with partners, has laid the world's first 7-core submarine optical cable, marking a significant breakthrough in China's submarine space division multiplexing communication technology [1] Industry Summary - The demand for high-end optical fiber applications is increasing due to a surge in capital expenditure for AI data centers [1] - The rapid development of generative AI and the fast iteration of AI models have created substantial demand for computing power, leading to ongoing construction of data centers [1] - Major North American cloud service providers, including Microsoft, Google, META, and Amazon, are projected to have a total capital expenditure of approximately USD 95.8 billion by Q2 2025, reflecting a year-on-year increase of about 64% [1] - The continuous construction of data centers both domestically and internationally is expected to drive steady growth in demand for related products [1]

Group 1 - The core viewpoint of the news is the performance and market position of Changfei Fiber Optics, which saw a stock price increase of 5.85% to 88.88 yuan per share, with a total market capitalization of 67.363 billion yuan [1] - Changfei Fiber Optics specializes in the telecommunications industry, focusing on telecom operators and data communication, with a complete industrial chain including the research and production of optical fiber preforms, optical fibers, and cables [1] - The company's main business revenue composition includes optical transmission products (64.50%), optical interconnection components (17.35%), and other products (15.85%) [1] Group 2 - From the perspective of fund holdings, one fund under Jiashi Fund has a significant position in Changfei Fiber Optics, with Jiashi Xinfu One-Year Holding Period Mixed Fund holding 139,600 shares, accounting for 0.68% of the fund's net value [2] - The Jiashi Xinfu One-Year Holding Period Mixed Fund has a total scale of 842 million yuan and has achieved a return of 0.89% this year, ranking 7832 out of 8179 in its category [2] - The fund manager, Han Zhao, has a tenure of 3 years and 25 days, while the other manager, Li Xin, has a tenure of 9 years and 51 days, with varying performance metrics during their respective tenures [3]

Group 1 - Changfei Optical Fiber (601869) saw its stock price rise over 7% in early trading, currently up 6.27% at HKD 47.8, with a trading volume of HKD 591 million [1] - The Ministry of Commerce recently announced anti-circumvention measures against imported optical fiber products from the United States, initiated due to Changfei's request [1] - This marks the first anti-circumvention investigation in China, officially launched on March 4, 2025, against U.S. G.654.C optical fibers [1] Group 2 - Changfei's recent announcement indicates that optical fiber products related to data centers represent a small proportion of global demand, with hollow-core fibers still lacking scale sales and stable pricing [1] - The future application scenarios and business development of hollow-core fibers depend on the further maturity of the industry chain, presenting significant uncertainty [1] - Currently, the hollow-core fiber business has not significantly impacted the company's financial data [1] Group 3 - DBS has downgraded Changfei's rating from "Buy" to "Fully Valued," raising the target price from HKD 20.2 to HKD 40.3, citing a nearly threefold increase in stock price over the past six months [1] - The bank believes that the market has overreacted to the company's development [1]

Group 1 - The core viewpoint of the article highlights that Changfei Fiber Optic Cable (06869) experienced a significant stock price increase, rising over 7% in early trading and currently at 47.8 HKD, with a trading volume of 591 million HKD [1] - The Ministry of Commerce recently announced anti-circumvention measures against imported fiber optic products from the United States, initiated due to the appeal from Changfei, marking China's first anti-circumvention investigation [1] - The investigation was formally launched on March 4, 2025, following Changfei's application, specifically targeting G.654.C fiber from the U.S. [1] Group 2 - Changfei's recent announcement indicates that fiber optic products related to data centers constitute a small proportion of global demand for fiber optic cables, and the hollow core fiber, as a cutting-edge product, has not yet achieved scale sales or stable pricing and profit levels [1] - The future application scenarios and business development of hollow core fiber depend on the further maturation of the industry chain, which presents significant uncertainty [1] - Currently, the hollow core fiber-related business has not had a noticeable impact on the company's financial data [1] Group 3 - DBS has downgraded Changfei's rating from "Buy" to "Fully Valued," raising the target price from 20.2 HKD to 40.3 HKD, citing that the stock price has tripled over the past six months, indicating that the market's reaction to the company's development may be excessive [1]

Core Viewpoint - The company, Changfei Fiber Optic Cable Co., Ltd., has announced a performance briefing for the first half of 2025 to provide insights into its operational results, financial status, and strategic initiatives [1] Summary by Relevant Categories Company Performance - The performance briefing is scheduled for September 12, 2025, from 15:00 to 16:00 [1] Investor Engagement - The briefing aims to address common concerns from investors and facilitate communication regarding the company's performance [1]

Core Viewpoint - Changfei Fiber Optics (06869.HK) announced a performance briefing for the first half of 2025, scheduled for September 12, 2025, to discuss its operational results, financial status, and strategic initiatives with investors [1] Summary by Category - **Company Performance** - The company aims to provide insights into its operational results and financial condition for the first half of 2025 during the upcoming briefing [1] - **Investor Engagement** - The briefing is designed to address common concerns among investors and facilitate communication regarding the company's strategies and performance [1]

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。 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之股份有限公司） （股份代號：6869） 海外監管公告 本公告由長飛光纖光纜股份有限公司（「本公司」）根據香港聯合交易所有限公司證 券上市規則第13.10B條作出。 以下為本公司於上海證券交易所網站刊發之《長飛光纖光纜股份有限公司2025年 半年度業績說明會預告公告》，僅供參閱。 承董事會命 長飛光纖光纜股份有限公司 Yangtze Optical Fibre and Cable Joint Stock Limited Company* 董事長 馬杰 长飞光纤光缆股份有限公司 2025 年半年度业绩说明会预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担 ...

Group 1 - The company Changfei Fiber announced that its 2025 semi-annual performance briefing will be held on September 12, 2025, from 15:00 to 16:00 [2]

证券代码：601869 证券简称：长飞光纤 公告编号：临 2025-040 会议召开时间：2025年9月12日（星期五）15:00–16:00 会议召开方式：视频及网络互动 会议召开网址：中国证券网路演中心（https://roadshow.cnstock.com） 投资者可于2025年9月11日（星期四）17:00前将相关问题通过电子邮件发送 至本公司投资者关系邮箱：IR@yofc.com。本公司将于业绩说明会上对投资 者普遍关注的问题进行回答。 (一) 会议召开时间：2025 年 9 月 12 日（星期五）15:00–16:00 (二) 会议召开方式：视频及网络互动 (三) 会议召开网址：中国证券网路演中心（https://roadshow.cnstock.com） 长飞光纤光缆股份有限公司 2025 年半年度业绩说明会预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 为便于广大投资者深入了解长飞光纤光缆股份有限公司（以下简称"公司" 或"本公司"）2025 年半年度经营成果、财务状况及战略举措情况 ...

Group 1 - The CPO concept stocks in the A-share market experienced a collective decline, with notable drops in several companies [1] - Zhongji Xuchuang (300308) fell over 11%, while Xinyi Sheng (300502) dropped more than 10% [1][2] - Other companies such as Changfei Fiber (601869) approached the limit down, and Tianfu Communication fell over 8% [1] Group 2 - The market capitalization and year-to-date performance of the affected companies are as follows: - Zhongji Xuchuang: Market cap of 401.9 billion, YTD increase of 194.03% [2] - Xinyi Sheng: Market cap of 311.9 billion, YTD increase of 281.68% [2] - Changfei Fiber: Market cap of 61.5 billion, YTD increase of 172.43% [2] - Tianfu Communication: Market cap of 132.2 billion, YTD increase of 162.05% [2] - Other companies also showed significant declines, with market caps ranging from 12.9 billion to 395 billion [2]