Jin Rong Jie·2025-11-26 01:36Industry Overview - The optical communication industry is experiencing a surge in positive developments, with the official launch of satellite IoT commercial trials in China, expected to boost demand for optical communication in satellite data transmission [1] - The optical communication sector is recognized as the "nervous system" of the digital economy, providing essential value in scenarios such as computing networks and satellite communications, characterized by ultra-large bandwidth and ultra-low latency [1] - The establishment of the Optical-Electrical Integration Technology Committee is promoting the integration of industry, academia, and research, enhancing the collaborative competitiveness of the optical communication industry chain [1] Company Highlights - TeFa Information has been recognized as one of the top 10 most competitive companies in China's optical communication sector for 19 consecutive years, winning three major awards at the global optical fiber and cable conference [2] - TeFa Information's stock has seen a significant increase, with three consecutive days of trading limits and a trading volume that has more than tripled compared to previous periods, indicating strong market sentiment [2] - FuJing Technology, a core component supplier in optical communication, has seen heightened market attention, with its stock also hitting trading limits, reflecting positive expectations for its optical crystal business [2] Financial Performance - LongFly Fiber, a leading company in the optical fiber and cable sector, reported a rolling P/E ratio of approximately 155 times, significantly above the industry average, indicating potential overvaluation risks [3] - LongFly Fiber's revenue for the first half of 2025 was 6.384 billion, a year-on-year increase of 19.38%, but its net profit was 296 million, a year-on-year decrease of 21.71%, highlighting pressure on profitability due to insufficient industry demand [3] - Despite recent stock price fluctuations and potential outflow pressures from shareholder reduction plans, LongFly Fiber maintains substantial capacity to undertake large projects due to its scale advantages in the optical fiber and cable field [3]