第一大股东“清仓”，680亿巨头却大涨3倍

Core Viewpoint - Draka Comteq B.V., a former major shareholder of Yangtze Optical Fibre and Cable Joint Stock Limited Company, has completely divested its holdings, selling 37.5953 million H-shares, which accounted for 5% of the company's total share capital, without negatively impacting the company's stock prices [2][4]. Group 1: Shareholder Activity - Draka Comteq B.V. sold its entire stake in Yangtze Optical Fibre, which was previously held at 180 million shares, representing a 23.73% ownership [4]. - The divestment occurred in multiple transactions from April to September 2025, with the final sale on September 19, 2025 [5]. - Despite the divestment, Yangtze Optical Fibre's A-shares surged by 259.2% and H-shares by 297.42% during the divestment period [5]. Group 2: Stock Performance - On the day of the final sale, Yangtze Optical Fibre's A-shares hit a limit-up, while H-shares increased by 8.55% [2]. - As of September 19, 2025, the closing prices were 120.62 CNY per A-share and 61.6 HKD per H-share, with a total market capitalization of 68.8 billion CNY [2]. Group 3: Industry Insights - The market is increasingly focused on hollow-core fiber products, which are seen as having the potential to overcome performance limitations of solid-core fibers, particularly for next-generation T-bit transmission [7]. - Yangtze Optical Fibre has developed proprietary technology for its hollow-core fiber, which is recognized for its superior performance metrics [7]. - Currently, the demand for hollow-core fiber products remains low, and their financial impact on the company is not yet significant [7][6].