截至2025年7月17日 13:02，国证通信指数强势上涨1.85%，成分股长飞光纤、剑桥科技10cm涨停，仕佳光子上涨8.59%，德科立、联特科技等个股跟涨。通 信ETF(159695)上涨1.92%。拉长时间看，截至2025年7月16日，通信ETF近1周累计上涨4.23%。 截至7月16日，通信ETF近1年净值上涨32.51%。从收益能力看，截至2025年7月16日，通信ETF自成立以来，最高单月回报为24.48%，最长连涨月数为3个 月，最长连涨涨幅为23.48%，上涨月份平均收益率为6.09%。 Light Counting报告显示，2025年Q2光模块市场主要由800G模块拉动增长，部分1.6T光模块也将首次小批量出货，并开始贡献收入，同时在AI训练与通用计 算需求驱动下，2025年数据中心光器件市场收入将超过160亿美元，同比增长60%以上。 上海证券表示，AI迈向"生产力重构"阶段，算力国产化替代势在必行，通信行业从"连接赋能"向"智能驱动"跃迁；卫星星座进入常态化发射阶段，6G与NTN 网络深度结合；AI算力模组解决多层次硬件需求，推动端侧AI落地；无线通信模组已经在机器人中实现规模化应用。 ...

证券代码：601869 证券简称：长飞光纤 公告编号：临 2025-030 长飞光纤光缆股份有限公司 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： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 6 月 30 日 (二) 股东大会召开的地点：湖北省武汉市东湖新技术开发区光谷创业街 65 号长 飞光纤总部大楼 2 楼多功能会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 其中：A 股股东人数 190 境外上市外资股股东人数（H 股） 2 其中：A 股股东持有股份总数 311,610,649 境外上市外资股股东持有股份总数（H 股） 144,765,143 的比例（%） 60.70 其中：A 股股东持股占股份总数的比例（%） 41.44 境外上市外资股股东持股占股份总数的比例（%） 19.26 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会采取现场投票表决与网络投票表决相结合的方式召开。 会议 ...

证券代码：601869 证券简称：长飞光纤 公告编号：临 2025-030 长飞光纤光缆股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 192 | | --- | --- | | 其中：A 股股东人数 | 190 | | 境外上市外资股股东人数（H 股） | 2 | | 2、出席会议的股东所持有表决权的股份总数（股） | 456,375,792 | | 股股东持有股份总数 其中：A | 311,610,649 | | 境外上市外资股股东持有股份总数（H 股） | 144,765,143 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数 | | | 的比例（%） | 60.70 | | 其中：A 股股东持股占股份总数的比例（%） | 41.44 | | 境外上市外资股股东持股占股份总数的比例（%） | 19.26 | (四) 表决方式是否符合《公司法》及《公 ...

北京市通商律师事务所(以下简称"本所")接受长飞光纤光缆股份有限公司 (以下简称"公司")的委托，委派律师出席了公司 2024 年年度股东大会(以下简称 "本次股东大会")，并根据《中华人民共和国公司法》《中华人民共和国证券法》 以及其他相关法律、法规及规范性文件(以下简称"相关法律法规")和《长飞光纤 光缆股份有限公司章程》(以下简称"公司章程")的相关规定，对本次股东大会召 开的合法性进行见证，并依法出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、出席会议人员及召集人 的资格、会议表决程序是否符合相关法律法规及公司章程的规定以及表决结果是 否合法、有效发表意见，并不对任何中华人民共和国(此处不包括香港、澳门特别 行政区以及台湾地区)以外的国家或地区的法律发表任何意见。 中国北京建国门外大街 1 号国贸写字楼 2 座 12-14 层 100004 12-14th Floor, China World Office 2, No. 1 Jianguomenwai Avenue, Beijing 100004, China 电话 Tel: +86 10 6563 7181 传真 Fax: +86 ...

Investment Rating - The communication industry is rated as "Overweight," indicating that the industry index is expected to outperform the market index by more than 10% in the next six months [43]. Core Insights - The communication industry has shown a steady performance, with a cumulative revenue of 748.8 billion yuan in the first five months of 2025, reflecting a year-on-year growth of 1.4% [17][19]. - The industry is currently experiencing a period of technological iteration and policy benefits, with emerging sectors such as AI, quantum communication, and low-altitude economy expected to drive growth [3][40]. - The report emphasizes the importance of focusing on three main lines of opportunity: "technology commercialization + policy catalysis + performance certainty" for companies in the sector [3][40]. Summary by Sections 1. Industry Market Review - The communication sector index increased by 4.14% over the past two weeks (June 13-26), outperforming the CSI 300 index by 2.75 percentage points, ranking 4th among 31 primary industries [11][12]. - The sector has seen a cumulative increase of 10.01% in June, again outperforming the CSI 300 index by 7.25 percentage points [11][12]. 2. Industry News - Google launched the Imagen 4/Ultra series AI image generation model, priced from $0.04 per image [16]. - China Mobile announced a procurement of 200,000 TDD antennas, with eight companies winning the bid [20]. - Huawei's executive stated that by 2030, there will be nearly 10 billion personal AI agents globally [21]. 3. Company Announcements - Dream Network Technology plans to acquire 100% of Bicheng Digital for 1.28 billion yuan [24]. - Zhongtian Technology won multiple communication and power project bids totaling 3.617 billion yuan [26]. 4. Industry Data Updates - As of May 2025, the mobile phone user base reached approximately 1.807 billion, a year-on-year increase of 2.71% [27]. - The number of internet broadband access users reached about 682 million, up 5.05% year-on-year [28]. - The total number of 5G base stations reached 4.486 million, with a net increase of 235,000 since the end of the previous year [19][36]. 5. Weekly Perspective on the Communication Sector - The report suggests that the demand for bandwidth and latency driven by emerging businesses like AI will continue to push the development of optical networks towards greater capacity and lower latency [3][40]. - Investment opportunities are highlighted in companies such as China Telecom, FiberHome, and Weisheng Information, which are expected to benefit from ongoing infrastructure developments [40][42].

Group 1 - The semiconductor sector in Hong Kong stock market is experiencing a strong rebound, with notable gains in several companies [1] - Changfei Optical Fiber (601869) saw its optical cable stock price increase by over 8% [1] - SMIC (Semiconductor Manufacturing International Corporation) rose by more than 6% [1] - Huahong Semiconductor experienced a gain of over 4% [1] - Hongguang Semiconductor's stock price increased by more than 3% [1]

证券代码：601869 证券简称：长飞光纤 公告编号：临 2025-029 长飞光纤光缆股份有限公司 2024 年度暨 2025 年第一季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"）2024 年度及 2025 年第一季度经营成果、财务状况及战略举措情 况，本公司拟于 2025 年 6 月 27 日（星期五）15:00–16:00 召开业绩说明会，就 投资者普遍关心的问题进行交流。 一、业绩说明会类型 本次业绩说明会通过视频及网络互动的方式召开。本公司将针对 2024 年度 及 2025 年第一季度经营成果、财务状况及战略举措情况与投资者进行互动交流， 在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、业绩说明会召开的时间、地点 会议召开时间：2025年6月27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.cn ...

在市场拓展方面，长飞光纤已在6个国家建立了8个生产基地，并设立了20多个海外平台，为全球100多 个国家和地区提供产品与服务，助力各国的数智化建设与演进。具体而言，长飞公司通过双重策略推动 全球数智化：一方面与全球运营商合作开展AI网络建设及新技术的商用试点；另一方面在网络欠发达 地区布局通信基础设施，助力当地光纤网络的互联互通，让更多地区共享AI时代的发展红利。 长飞"AI-2030"战略始终与绿色可持续发展理念紧密契合，坚持走绿色发展道路。在探索循环经济发展 模式方面，长飞光纤实现了能源利用率提升40%，生产效率提升20%，运营成本降低20%的成效；在深 化绿色管理实践方面，将AI技术融入智能制造，长飞公司及多个分子公司成功入选国家"绿色工厂"；在 构建可持续供应链方面，全面推行绿色采购、绿色包装、绿色物流及循环回收，推动整个产业链实现绿 色可持续发展。 此外，为助力AI时代产业的协同发展，长飞"AI-2030"战略强调多领域协同合作，通过设立投资基金， 在工业激光、第三代半导体、机器人等领域进行布局，进一步提升企业的综合竞争力。 （文章来源：21世纪经济报道） 21世纪经济报道记者王雪实习生岑雨婷武汉报 ...

Core Viewpoint - The company emphasizes the importance of talent and investment in driving technological innovation and achieving strategic goals, with a strong focus on cultivating a skilled workforce through its newly established Changfei University [1][3]. Group 1: Talent Development - Changfei University has been officially established to serve as a resource platform for cultivating world-class talent necessary for the company's growth [1]. - The company has innovated its talent cultivation model, focusing on comprehensive training for outstanding engineering talents from theory to application [1]. - Over 10 national-level leading talents and more than 50 top technical talents are currently employed at the company, highlighting its commitment to attracting and retaining skilled professionals [3]. Group 2: Research and Development Investment - The company allocates at least 5% of its annual revenue to research and development, with no upper limit on investment, demonstrating its commitment to continuous innovation [1]. - The company has applied for over 3,300 patents, with 1,900 patents granted, showcasing its strong focus on intellectual property and technological advancement [1]. Group 3: Industry Leadership - The company has established itself as a leader in the optical fiber industry, achieving domestic leadership and entering the global top tier, being the only company to independently master and industrialize three mainstream optical fiber preform preparation technologies [3]. - Since 2016, the company has maintained the global market share leader in optical fiber preforms, optical fibers, and optical cables for nine consecutive years, contributing to China's development of the largest and most advanced network infrastructure globally [3].

Group 1: China Resources Beer (00291) - The company achieved positive sales growth in April and May, aligning with the sales trend from January to May 2025 [1] - The management expects pressure on the liquor business revenue due to weak demand and high base, aiming to avoid losses and impairments [1] - The company benefits from favorable raw material factors, leading to a gross margin increase of over 1 percentage point, while operational costs are reduced through "Three Precision" initiatives [1] - Heineken sales grew over 20% year-on-year, while Super X saw approximately 10% growth; Snow Beer Pure Life experienced a slight decline [1] - Sales momentum is strong in Guangdong, particularly around Shenzhen, with expectations for East and South China to drive growth in 2025 [1] - The ready-to-drink channel remains weak, but there was slight improvement in some dining markets in May [1] Group 2: Capital Expenditure and Financial Projections - The company plans to expand Heineken production capacity in Fujian and continue investments in maintenance, production line transformation, and liquor business in 2025 [2] - Future capital expenditures are expected to gradually decrease [2] - Key assumptions for financial projections include a weighted average cost of capital (WACC) of 11.3% and a terminal growth rate of 3% [2] Group 3: Kingsoft Software (03888) - The upcoming game "Mecha BREAK" is expected to be a key driver for Kingsoft's stock price [3] - The game is highly anticipated, ranking 5th on Steam's wishlist, with 3.5 million pre-registrations and a peak of over 300,000 concurrent players during closed testing [4] - Potential outcomes for the game's performance include revenue predictions of 500 million RMB if it ranks 10-20 on Steam, and over 300 million RMB if it enters the top ten [4] Group 4: FiberHome Technologies (601869) - Goldman Sachs reviewed FiberHome's earnings forecast following China Mobile's 2025-26 tender results, which were below expectations [6] - FiberHome's winning share in the tender decreased to 13.6%, down from 19-20% in previous tenders, and the average procurement price dropped by 26% [7] - The tender results indicate a cautious outlook for the telecom industry's fiber optic cable demand [7] Group 5: Q Technology (01478) - Q Technology reported a 1.9% month-on-month increase in smartphone camera module shipments for May 2025, but a year-on-year decline of 17.5% [8] - The shipment of camera modules with 32 million pixels and above saw a year-on-year decline of 19.0% [8] - Fingerprint recognition module shipments surged by 45.0% year-on-year, benefiting from market share gains and increased production capacity [8]