Core Viewpoint - Changfei Fiber Optics (06869) saw a significant increase in stock price, rising over 8% in late trading, with a current price of 30.96 HKD and a trading volume of 1.118 billion HKD, driven by strong performance in the optical communication sector reported by Corning [1] Company Performance - Corning reported Q2 revenue of 4.05 billion USD, a year-on-year increase of 12% [1] - The optical communication segment achieved revenue of 1.57 billion USD in Q2, reflecting a 41% year-on-year growth, and net profit reached 247 million USD, up 73% year-on-year [1] Industry Trends - Jiangsu Securities highlighted that Corning's growth in optical communication is driven by both enterprise and operator network businesses, indicating a robust market demand for multi-mode optical fibers, which are more profitable than single-mode fibers [1] - The "scale-up" trend in OIO optical interconnection solutions is expected to unlock significant growth potential in enterprise networks [1] - Guojin Securities noted that the AI industry chain's performance and capital expenditure have exceeded expectations, with strong ongoing demand for AI computing hardware [1] - Tianfeng Securities reported that Changfei Fiber has made substantial progress in various fields, including optical modules, optical devices, third-generation semiconductors, marine engineering, and industrial lasers [1]

Core Viewpoint - The Korea Trade Commission has made a preliminary affirmative ruling on anti-dumping measures against single-mode optical fibers originating from China, suggesting a temporary anti-dumping duty of 43.35% on specific Chinese companies and other manufacturers/exporters [1] Group 1: Anti-Dumping Investigation - The investigation was initiated on March 7, 2025, focusing on single-mode optical fibers from China [1] - The dumping investigation period is set from July 1, 2023, to June 30, 2024, while the injury investigation period spans from January 1, 2021, to December 31, 2024 [1] Group 2: Affected Companies - The companies affected by the ruling include Hengtong Optic-Electric Co., Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company, and Hangzhou Jinxingtong Optical Fiber Technology Co Ltd., along with their affiliates and other Chinese manufacturers/exporters [1] - The products under investigation fall under the Korean tax code 9001.10.0000, excluding low-loss fiber bundles, cables, and single-mode fibers specified as G.652.D primarily used for optical equipment [1]

机构表示，PEEK材料凭借其优异的性能，广泛应用于多个领域，未来有望成为人形机器人减重的重要材料，带动千亿级市场空间。 通信设备板块、液冷服务器概念亦走强，长芯博创（300548.SZ）涨超13%创历史新高，奕东电子（301123.SZ）涨超10%，长飞光纤（601869.SH）涨10%， 太辰光（300570.SZ）、兆龙互连（300913.SZ）大涨。 民生证券认为，近期海外巨头微软/谷歌/Meta/亚马逊相继披露财报，2025Q2各家CAPEX持续高企，四家单季度CAPEX合计约950亿美元，同比增长67%，环 比增长24%，并且均对未来CAPEX表达了乐观预期。此外，受AI需求驱动，微软和谷歌的云业务增速也迎来进一步提升。 银行、证券板块表现不俗，浦发银行（600000.SH）、信达证券（601059.SH）、红塔证券（601236.SH）、东兴证券（601198.SH）大涨。 消息面，近日，国务院常务会议部署实施个人消费贷款贴息政策与服务业经营主体贷款贴息政策，一方面对于贷款结构性贴息有利于提振消费、小微企业， 另一方面显示出政策导向上对银行息差的呵护态度，预计后续更多结构性货币政策工具有望出台。 ...

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7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8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 | ...

| 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 兵装重组概念 | 6.12 | 华为盘古 | -0.78 | | PEEK材料 | 4.11 | 仿制药一致性评价 | -0.55 | | 脑机接口 | 2.72 | Sora概念(文生视频) | -0.53 | | 铜缆高速连接 | 2.60 | 流感 | -0.50 | | 汽车热管理 | 1.89 | 幽门螺杆菌概念 | -0.50 | | 碳纤维 | 1.76 | 智谱AI | -0.48 | | 高压氧舱 | 1.76 | 创新药 | -0.46 | | 卫星导航 | 1.76 | 辅助生殖 | -0.44 | | 液冷服务器 | 1.75 | 肝炎概念 | -0.38 | | 成飞概念 | 1.74 | MLOps概念 | -0.36 | | 300991 | 创益通 | 3.75 | 10.72 | 279.44 | 0.90 | | --- | --- | --- | --- | --- | --- | | 301067 | 显盈科 | 1.55 | 13.34 | 15 ...

Market Performance - The communication equipment sector rose by 1.88% on August 5, with Cheng Tian Wei Ye leading the gains [1] - The Shanghai Composite Index closed at 3617.6, up 0.96%, while the Shenzhen Component Index closed at 11106.96, up 0.59% [1] Top Gainers - Cheng Tian Wei Ye (300689) closed at 56.72, up 19.99% with a trading volume of 81,900 shares and a transaction value of 418 million yuan [1] - Changxin Bochuang (300548) closed at 95.40, up 13.44% with a trading volume of 428,100 shares [1] - Dongxin Heping (002017) closed at 27.16, up 10.00% with a trading volume of 1,210,700 shares and a transaction value of 3.101 billion yuan [1] Other Notable Performers - Changfei Optical Fiber (601869) and Rihai Intelligent (002313) both saw increases of 10.00% and 9.98% respectively [1] - The overall trading volume and transaction values for other companies in the sector also showed significant activity, with several companies exceeding 1 billion yuan in transaction value [1] Fund Flow Analysis - The communication equipment sector experienced a net inflow of 2.68 billion yuan from institutional investors, while retail investors saw a net outflow of 2.55 billion yuan [2][3] - Major stocks like Dongxin Heping and Changxin Bochuang attracted significant net inflows from institutional investors, indicating strong interest [3] Summary of Individual Stock Performance - Dongxin Heping had a net inflow of 482 million yuan from institutional investors, representing 15.54% of its trading volume [3] - Changxin Bochuang also saw a net inflow of 304 million yuan, accounting for 7.79% of its trading volume [3] - In contrast, several stocks experienced net outflows from retail investors, highlighting a divergence in investment behavior between institutional and retail participants [3]

消息面上，隔夜英伟达昨晚收涨3.62%报每股180美元，再创收盘新高。国金证券近日研报指出，海外 AI产业链业绩及资本开支超预期，AI算力硬件需求持续强劲。全球AI产业链公司陆续公布2025Q2业 绩，很多公司AI业绩超预期，Meta及微软也发布了超预期的Q2业绩，并对2026年资本开支展望乐观。 值得注意的是，长飞光纤光缆近期公告指出，公司注意到近期市场对算力数据中心相关光纤光缆产品， 尤其是空芯光纤关注度较高。与数据中心相关的光纤光缆产品占全球光纤光缆需求总量的比例较小，其 中，空芯光纤作为行业前沿产品，其应用目前仍处于早期阶段，尚未形成规模销售、尚未形成稳定的价 格及利润水平。空芯光纤从早期试用验证到规模商用仍需产品及产业链进一步成熟，目前相关业务尚未 对公司财务数据产生明显影响，后续发展存在不确定性。 长飞光纤（601869）光缆(06869)涨超6%，近一个月股价累涨超五成，公司A股今日涨停。截至发稿， 涨6.21%，报30.46港元，成交额11.87亿港元。 ...

消息面上，隔夜英伟达昨晚收涨3.62%报每股180美元，再创收盘新高。国金证券近日研报指出，海外 AI产业链业绩及资本开支超预期，AI算力硬件需求持续强劲。全球AI产业链公司陆续公布2025Q2业 绩，很多公司AI业绩超预期，Meta及微软也发布了超预期的Q2业绩，并对2026年资本开支展望乐观。 值得注意的是，长飞光纤光缆近期公告指出，公司注意到近期市场对算力数据中心相关光纤光缆产品， 尤其是空芯光纤关注度较高。与数据中心相关的光纤光缆产品占全球光纤光缆需求总量的比例较小， 其中，空芯光纤作为行业前沿产品，其应用目前仍处于早期阶段，尚未形成规模销售、尚未形成稳定的 价格及利润水平。空芯光纤从早期试用验证到规模商用仍需产品及产业链进一步成熟，目前相 关业务 尚未对公司财务数据产生明显影响，后续发展存在不确定性。 智通财经APP获悉，长飞光纤光缆(06869)涨超6%，近一个月股价累涨超五成，公司A股今日涨停。截 至发稿，涨6.21%，报30.46港元，成交额11.87亿港元。 ...

Group 1 - Copper cable stocks continued to strengthen in the afternoon, with Changxin Bochuang rising over 16%, reaching a historical high [2] - Yidong Electronics increased by over 10%, indicating strong market performance [2] - Other companies such as Xinke Materials, Taicheng Light, Zhaolong Interconnect, Changfei Fiber, and Huamai Technology also experienced gains [2]

Group 1 - The core point of the article is that Draka Comteq B.V. has reduced its stake in Changfei Optical Fiber (601869) from 15.00% to 10.00% through a sale of 37,595,255 H-shares, representing 5.00% of the total share capital after excluding shares in the repurchase account [1] - On August 4, shareholders transferred shares worth HKD 422 million from the Hong Kong Stock Connect (Shanghai) to BNP Paribas, accounting for 4.47% of the total shares [1]