Zhi Tong Cai Jing·2025-09-02 03:49Core Viewpoint - Changfei Fiber Optics (601869) and its subsidiary Changfei Optical Cable (06869) experienced a significant decline in stock price, dropping over 10% and currently trading at 46.34 HKD with a transaction volume of 3.549 billion HKD following the release of their interim performance report [1] Financial Performance - For the first half of the year, the company reported a revenue of 6.385 billion RMB, representing a year-on-year increase of 19.4% [1] - The net profit for the same period was 296 million RMB, showing a decline of 21.7%, with earnings per share at 0.39 RMB [1] - In the second quarter alone, total revenue reached 3.491 billion RMB, up 17.88% year-on-year, while the net profit attributable to shareholders fell by 54.96% to 144 million RMB [1] Market Trends and Product Focus - The company noted a rising market interest in optical fiber and cable products related to data centers, particularly in hollow-core fibers [1] - Products related to data centers currently account for a small proportion of the total global demand for optical fibers and cables [1] - Hollow-core fibers, as a cutting-edge product in the industry, have not yet achieved scale sales or stable pricing and profit levels, indicating significant uncertainty in future applications and business development [1] - The current hollow-core fiber business has not yet had a noticeable impact on the company's financial data [1]