智通财经网·2025-09-18 09:39Core Viewpoint - The stock of Changfei Optical Fiber and Cable experienced significant price fluctuations, with a cumulative increase of over 20% from September 16 to September 18, 2025, prompting an investigation into abnormal trading behavior [1] Company Performance - In the first half of 2025, the company reported total revenue of approximately RMB 6.384 billion, representing a year-on-year increase of about 19.38% [1] - The net profit attributable to shareholders was approximately RMB 296 million, reflecting a year-on-year decline of about 21.71% [1] Market Conditions - The global optical fiber and cable industry continues to face challenges, including insufficient effective demand in the telecommunications market and declining average prices [1] - The demand for optical fiber and cable products related to data centers is currently low, with hollow-core fibers being an emerging product that has not yet achieved stable sales or profit levels [2] Stock Valuation - As of September 18, 2025, the company's A-share stock had a rolling price-to-earnings (P/E) ratio of approximately 141 times, indicating a potential risk of overvaluation [3]