Xin Lang Cai Jing·2025-12-22 01:53Core Viewpoint - Changfei Fiber Optic Cable (06869) has seen a significant stock price increase of over 50% this month, with a current price of 57.80 HKD and a trading volume of 1.098 billion HKD [1] Group 1: Industry Insights - The "Research Report on the Development and Application of Information Photonic Technology (2025)" highlights the advantages of hollow-core fibers, including low latency, wide spectrum, low loss, and low nonlinearity, positioning them as a disruptive solution to traditional fiber optic limitations [1] - Hollow-core fibers are currently in a critical window of rapid iteration and evolution, with potential applications in AI large model connectivity expected to gradually increase [1] - The multiple potential values of hollow-core fibers are emphasized, including significant advantages in internal interconnection, metropolitan data center interconnection, and wide-area interconnection [1] Group 2: Company Developments - Changfei Fiber Optic Cable is expanding its product offerings beyond traditional optical fiber to include multimode and hollow-core fibers, focusing on high value-added products and diversification [1] - The company has announced the issuance of 70 million new H-shares, with net proceeds of approximately 2.229 billion HKD, allocating about 80% of the funds for overseas business development and 20% for general operating expenses [1]