证券代码：601869 证券简称：长飞光纤 公告编号：临 2025-043 长飞光纤光缆股份有限公司 第四届董事会第十五次会议决议公告 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。 长飞光纤光缆股份有限公司（以下简称"公司"）第四届董事会第十五次会 议于 2025 年 9 月 29 日以通讯方式召开。会议通知和议案材料等已按照《长飞光 纤光缆股份有限公司章程》（以下简称"《公司章程》"）规定送达各位董事审 阅。会议应参加表决董事 12 名，实际参加表决董事 12 名（其中 4 名独立董事）， 会议由董事长马杰先生主持。会议的召开符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》的规定。经与会董事认真审议，以逐项投票表决方式 通过了以下议案，并形成如下决议： 一、 审议通过《授予董事会发行股份一般性授权的议案》 同意提请公司股东大会授予董事会发行股份一般性授权。 为公司及时把握市场机会，提高相关工作的灵活性，董事会拟提请公司股东 大会一般及无条件地授予董事会决定单独或同时发行、配发及处理不超过公司已 发行 A 股股份 ...

Group 1 - The core point of the article is that Changfei Fiber (SH 601869) held a board meeting on September 29, 2025, to discuss the proposal for an extraordinary shareholders' meeting [1] - As of the report, Changfei Fiber has a market capitalization of 80 billion yuan [3] - For the year 2024, Changfei Fiber's revenue composition is 97.7% from optical communication and 2.3% from other businesses [2]

Core Viewpoint - Changfei Fiber's stock price has shown significant volatility, with a year-to-date increase of 256.90%, but a recent decline of 8.29% over the last five trading days [1] Group 1: Stock Performance - As of September 29, Changfei Fiber's stock price reached 105.72 CNY per share, with a market capitalization of 801.26 billion CNY [1] - The stock has experienced a trading volume of 6.12 billion CNY, with a turnover rate of 1.45% [1] - Year-to-date, the stock has been on the leaderboard 10 times, with the most recent appearance on September 18 [1] Group 2: Financial Performance - For the first half of 2025, Changfei Fiber reported a revenue of 6.384 billion CNY, reflecting a year-on-year growth of 19.38%, while the net profit attributable to shareholders was 296 million CNY, a decrease of 21.71% [2] - The company's main revenue sources include optical transmission products (64.50%), optical interconnection components (17.35%), and other products (15.85%) [2] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Changfei Fiber was 22,600, a decrease of 11.76% from the previous period [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 1.8554 million shares, and new entrants such as China Europe Value Discovery Mixed A [3]

Group 1 - The establishment of Changzhi Intelligent Technology (Hainan) Co., Ltd. has been recently reported, with a registered capital of 20 million RMB [1] - The legal representative of the company is Zheng Xin, indicating a structured leadership [1] - The company's business scope includes the development of artificial intelligence application software, basic software, and research and development of intelligent robots [1] Group 2 - The company is jointly held by Sanya Digital Economy Industrial Park Management Co., Ltd., Zhiyuan Robot's affiliated company Zhiyuan Innovation (Shanghai) Technology Co., Ltd., Digital Huaxia (Shenzhen) Technology Co., Ltd., and Changfei Optical Fiber [1]

转自：证券时报 人民财讯9月29日电，企查查APP显示，近日，长智具身智能（海南）科技有限公司成立，注册资本 2000万元，经营范围包含：人工智能应用软件开发；人工智能基础软件开发；数字文化创意软件开发； 智能机器人的研发；智能机器人销售等。企查查股权穿透显示，该公司由智元机器人关联公司智元创新 （上海）科技有限公司、长飞光纤等共同持股。 ...

"中国版英伟达"IPO过会。 9月26日，据上海证券交易所官网披露，上海证券交易所上市审核委员会2025年第40次审议会议召开。会议审议结果显示，摩尔线程智能科技（北京）股份 有限公司（以下简称"摩尔线程"）的IPO符合发行条件、上市条件和信息披露要求。 据悉，摩尔线程主要从事全功能GPU相关产品的研发、设计和销售，是国内极少数兼顾图形渲染与AI计算的国产GPU公司，也是行业独角兽企业。若能成 功上市，摩尔线程或将成为"国产GPU第一股"。 摩尔线程IPO过会 9月26日，据上交所官网消息，摩尔线程科创板IPO申请通过上交所上市委会议审议。 摩尔线程直接或间接参股公司曝光 自摩尔线程启动科创板IPO以来，其参股公司以及产业链公司备受市场关注。根据股权穿透信息，数据宝梳理出摩尔线程部分直接或间接参股公司。 从A股公司来看，这些直接或间接参股公司覆盖电子、计算机、通信、传媒等多个行业。直接参股的公司有和而泰、盈趣科技等；间接参股公司有宏力达、 初灵信息、长飞光纤等。 和而泰持股比例超过1%，在投资者关系互动平台上，和而泰表示，摩尔线程是公司上游企业，在人工智能的大背景下，双方有一定的业务协同，具体的业 务合作公司 ...

Group 1 - The stock of Changfei Optical Fiber and Cable (06869.HK) fell over 7% on September 26, 2023 [2] - As of the report, the stock was down 7.26%, trading at 51.1 HKD [2] - The trading volume reached 1.12 billion HKD [2]

Core Viewpoint - Changfei Fiber Optics (601869) and its cable segment (06869) have seen a decline of over 7%, with intraday lows reaching HKD 50.75, representing a drop of more than 20% from the monthly high of HKD 65 [1] Group 1: Stock Performance - As of the report, the stock is down 7.26%, trading at HKD 51.1, with a transaction volume of HKD 1.12 billion [1] - Draka Comteq B.V. sold 37.5953 million shares of Changfei Fiber Optics through block trading, accounting for 5% of the total share capital, reducing its H-share holdings to zero [1] Group 2: Shareholder Activity - Draka Comteq B.V., one of the founders of Changfei Fiber Optics, had a holding ratio of 23.73% as of the end of March this year, and has been continuously reducing its H-share holdings since April [1] - The estimated total cash raised from the share reduction exceeds HKD 5.1 billion based on the average selling price disclosed by the Hong Kong Stock Exchange [1] Group 3: Market Analysis - Morgan Stanley indicated that the favorable fundamentals of the optical module industry are widely recognized and reflected in stock prices, suggesting investors take profits during high market sentiment [1] - Despite the positive outlook for AI infrastructure demand, Morgan Stanley believes the current level of market enthusiasm is unsustainable [1] - The report highlights that while there are bright spots in Changfei Fiber Optics' high-end fiber business, a performance turnaround still requires validation [1]

消息面上，9月19日，Draka Comteq B.V.通过大宗交易出售长飞光纤光缆3759.53万股H股，占总股本 5%，减持后H股数量为零。值得注意的是，Draka Comteq B.V.是长飞光纤发起人之一。截至今年3月 底，该股东的持股比例仍高达23.73%，从今年4月份开始，该股东连续减持公司H股股票，直至本次清 仓。根据港交所披露的减持均价粗略估计，其累计减持套现超51亿港元。 摩根士丹利此前表示，光模块行业的基本面利好已被广泛知晓并充分反映在股价中，建议投资者在市场 情绪高涨时适度获利了结。大摩认为，尽管AI基础设施需求增长前景依然积极，但当前市场热情水平 难以持续。报告指出，长飞光纤高端光纤业务有亮点，但业绩反转仍需验证。 智通财经APP获悉，长飞光纤光缆(06869)再跌超7%，盘中低见50.75港元，较月内高点65港元已跌超 20%。截至发稿，跌7.26%，报51.1港元，成交额11.2亿港元。 ...

Core Viewpoint - The special optical fiber industry in China has experienced rapid growth in recent years, driven by various market policies and advancements in new manufacturing and infrastructure, with the market size expected to reach 8.5 billion yuan in 2024, representing a 12% year-on-year increase [1][10]. Industry Overview - Special optical fibers differ from conventional communication fibers by having unique materials and structures that provide special properties and applications. They are essential components in laser technology and are widely used in advanced manufacturing, optical communication, measurement sensing, national defense, healthcare, and scientific research [2][4]. Industry Barriers - The special optical fiber industry has high technical requirements, significant production challenges, and long R&D cycles. It requires knowledge across multiple disciplines and is subject to international technology restrictions, creating substantial technical barriers for domestic companies [4][5]. Market Demand and Trends - The demand for special optical fibers is influenced by the rapidly changing needs of downstream industries such as advanced manufacturing and optical communication. Companies must continuously innovate and adapt their products to meet these demands [5][11]. Policy Support - The Chinese government has recognized the importance of the special optical fiber industry and has implemented several policies to support its development, including the "14th Five-Year Plan for Intelligent Manufacturing" and various action plans aimed at enhancing the industry [7][10]. Industry Chain - The upstream of the special optical fiber industry includes suppliers of raw materials like quartz tubing, optical fiber coatings, and industrial gases. The quality of these materials and the precision of production equipment are critical for the manufacturing process [8][9]. Current Market Landscape - The global special optical fiber market is dominated by major players from developed countries, while China's industry is still catching up. Key domestic companies include Yangtze Optical Fibre and Cable Joint Stock Limited Company, Wuhan Raycus Fiber Laser Technologies Co., Ltd., and others [11][12]. Future Development - The future of the special optical fiber industry will be driven by the development of new fiber materials and the continued push for domestic companies to achieve technological breakthroughs and import substitution in the mid-to-high-end market segments [15][16].