智通财经网·2025-09-12 03:44Core Viewpoint - The stock of Changfei Optical Fiber and Cable (06869) has experienced a decline of over 4% after a significant increase of nearly 12% the previous day, indicating volatility in market sentiment [1] Company Summary - Changfei Optical Fiber's stock is currently trading at 51.25 HKD, with a trading volume of 887 million HKD [1] - The company has seen a year-to-date increase of 320% in its H-shares [1] - For the first half of the year, Changfei Optical Fiber reported a revenue of 6.385 billion RMB, representing a year-on-year increase of 19.4% [1] - The company's net profit for the same period was 296 million RMB, reflecting a decline of 21.7% [1] Industry Summary - Morgan Stanley's latest report indicates that the positive fundamentals of the optical module industry are widely recognized and reflected in stock prices [1] - The report suggests that while the demand outlook for AI infrastructure remains positive, the current level of market enthusiasm may not be sustainable [1] - Changfei Optical Fiber's high-end optical fiber business shows potential, but a reversal in performance still needs to be validated [1]