Ge Long Hui·2025-07-30 12:31Core Viewpoint - The stock of Changfei Optical Fiber and Cable (06869.HK) experienced significant price fluctuations, with a cumulative increase of over 20% in three consecutive trading days, indicating abnormal trading conditions [1] Company Summary - The company reported that its daily operations are normal despite the ongoing challenges in the global optical fiber and cable market, which has been facing weak demand and declining average prices since 2024 [1] - For the fiscal year 2024, the company's revenue is projected to be approximately RMB 12.197 billion, representing a year-on-year decline of about 8.65% [1] - The net profit attributable to shareholders for 2024 is expected to be around RMB 676 million, reflecting a significant year-on-year decrease of approximately 47.91% [1] Industry Summary - There is a growing market interest in optical fiber and cable products related to computing data centers, particularly in hollow-core fibers, although these products currently represent a small proportion of total global demand [1] - Hollow-core fibers are considered cutting-edge products, but their application is still in the early stages, lacking large-scale sales and stable pricing and profit levels [1] - The transition from early testing to large-scale commercial use of hollow-core fibers requires further maturation of the product and supply chain, and the related business has not yet had a significant impact on the company's financial data, with future developments remaining uncertain [1]