Zhi Tong Cai Jing·2026-02-02 03:07Core Viewpoint - Changfei Fiber Optics (601869) and its subsidiary Changfei Cable (06869) have seen a significant stock price increase, driven by Meta's announcement of a $6 billion investment in Corning for fiber optic cables for AI data centers, indicating strong demand in the fiber optics market [1] Company Summary - Changfei Fiber Optics is recognized as a leader in the global fiber optic cable industry, maintaining the largest market share in fiber preform, fiber, and cable products [1] - The company is expected to benefit from the upgrade in fiber demand driven by AI computing needs and the high market demand in overseas markets, leading to a continuous increase in both volume and price of fiber optic cables and related components [1] Industry Summary - The average tax-inclusive price of domestic G.652.D fiber is projected to rise to approximately 25 yuan per core kilometer by Q4 2025, reflecting a 25% increase from 20 yuan per core kilometer in Q2 2025 [1] - The overall market for fiber optics is anticipated to enter a profitable upward cycle due to the increasing demand for fiber optic products [1]