Xin Lang Cai Jing·2026-01-20 05:24Core Viewpoint - The stock price of Changfei Fiber Optics (06869) has shown a significant increase, reflecting a positive market trend in the optical fiber industry, particularly for G.652.D fiber, which is experiencing price recovery and supply tightness [1][5]. Company Performance - Changfei Fiber Optics' stock rose over 5% during trading, with a current price of HKD 56.70 and a trading volume of HKD 1.139 billion [1][5]. - Longxin Bochuang, a subsidiary of Changfei, forecasts a net profit for 2025 between RMB 320 million and RMB 370 million, representing a year-on-year growth of 344.01% to 413.39% [1][5]. Industry Trends - The average market price of G.652.D optical fiber has increased for two consecutive quarters, indicating a clear recovery trend [1][5]. - According to Yongxing Securities, significant price increases and supply constraints for G.652.D fiber are expected by the fourth quarter of 2025, with some major manufacturers unable to meet their own orders and turning to external sourcing [1][5]. - The demand structure in the optical fiber and cable industry is undergoing transformation, driven by these market dynamics [1][5]. Growth Drivers - Changfei Fiber Optics is benefiting from the growth of its optical interconnect components business, including MPO, AOC, and high-speed copper cables, which have become strong growth points [1][5]. - The company is also expanding its overseas business, particularly in response to the construction of AI data centers in North America [1][5].