Core Viewpoint - Huatai Securities released a report indicating that the A-share market is entering a period of increased volatility due to key domestic and international events, with a focus on sectors that show potential for rebound and sustained performance [1] Market Analysis - The market experienced a contraction in trading volume due to fluctuations in the US dollar index and policy expectations, but the selling pressure is considered manageable [1] - The current profit-making effect has reverted to levels seen in mid-July, suggesting a potential stabilization in the market [1] Sector Focus - Key sectors identified for rebound potential include AI, capacity clearance, and self-controllable technologies, which are expected to show continuous improvement in performance [1] - Investment strategies should focus on sectors with high dividend yield and potential for recovery, such as white goods, storage chips, optical fiber cables, chlor-alkali, aviation equipment, intelligent driving, and robotics [1] Strategic Recommendations - The report suggests an overweight allocation in large financials, innovative pharmaceuticals, and military industries to capitalize on growth opportunities [1]

华泰证券策略团队最新研报指出，上周进入海内外关键事件频发的"超级周"，后半周在美元指数、政策 预期扰动下，市场缩量调整，但考虑到目前赚钱效应已回调至7月中旬位置、市场抛压相对可控，短期 A股或进入波动率放大的平台期，局部热点活跃或为基准情形。结合题材容量、补涨空间、业绩持续性 分析，目前具备补涨逻辑且景气改善持续性的板块主要集中于AI、产能出清及自主可控方向。配置 上，把握赔率思维，关注白色家电等跌出股息率性价比的稳健及潜力高股息品种及Q2业绩回升且具备 补涨逻辑的方向，如存储芯片、光纤光缆、氯碱、航空装备、 智能驾驶、机器人等。战略上超配大金 融、创新药、军工。 ...

Group 1 - The core viewpoint of the news highlights that US tech stocks have significantly exceeded expectations, leading to a surge in AI-related industries in Hong Kong and A-shares [1] - Longxin Fiber's stock in Hong Kong surged nearly 19%, reaching a seven-year high, while its A-share hit the limit up, achieving a two-day consecutive rise [1] - Over the past three trading days, Longxin Fiber's A-shares have accumulated a rise of over 32%, while its Hong Kong shares have increased by nearly 50% [1] Group 2 - Since February of last year, Longxin Fiber's Hong Kong shares have increased by over 336%, rising from a low of 6.442 HKD to a high of 30.25 HKD [2] - Longxin Fiber reported a revenue of 12.197 billion CNY last year, a year-on-year decrease of approximately 8.65%, and a net profit of about 676 million CNY, down approximately 47.91% year-on-year [7] - However, in the first quarter of this year, Longxin Fiber's performance improved, with revenue of 2.894 billion CNY, a year-on-year increase of 21.23%, and a net profit of 125 million CNY, a year-on-year increase of 161.91% [8] Group 3 - Longxin Fiber indicated that the hollow fiber technology is still in the early stages of commercialization, with no significant impact on financial data yet [11] - Corning, a global leader in fiber optics, reported a strong performance in its second-quarter earnings, with optical communications revenue of 1.57 billion USD, a year-on-year increase of 41% [12] - The "Scale-up" opportunity in optical communications is expected to further open growth space for the industry, with significant investment opportunities in the AI computing power supply chain [16]

Core Viewpoint - The stock of Changfei Optical Fiber Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase of over 20% from July 28 to July 30, 2025, prompting the company to clarify its operational status and confirm no undisclosed significant information [2][4]. Group 1: Stock Trading Abnormality - The company's stock price increased by over 20% in three consecutive trading days, which is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [2][4]. - The company conducted a self-examination and confirmed that there are no undisclosed significant matters affecting the stock price, including major asset restructuring or significant transactions [6][8]. Group 2: Operational Performance - The company reported that its daily operations are normal, but the global optical fiber and cable market continues to face weak demand and declining average prices [5]. - For the fiscal year 2024, the company recorded an operating revenue of approximately RMB 12.197 billion, a year-on-year decrease of about 8.65%, and a net profit attributable to shareholders of approximately RMB 676 million, down approximately 47.91% year-on-year [5]. Group 3: Market Sentiment and Product Focus - There has been increased market attention on optical fiber and cable products related to computing power data centers, particularly on hollow-core fibers, although their market share remains small [7]. - The application of hollow-core fibers is still in the early stages, lacking stable sales and profit levels, and has not yet significantly impacted the company's financial data [8].

Group 1 - The company's stock experienced an abnormal trading fluctuation, with a cumulative price deviation exceeding 20% from July 28 to July 30, 2025 [1][4] - The company's operational performance remains normal, but the global fiber optic cable market is facing weak demand and declining average prices, leading to a revenue decrease of approximately 8.65% year-on-year to about RMB 12.197 billion in 2024 [1][2] - The net profit attributable to shareholders for 2024 is approximately RMB 676 million, representing a year-on-year decline of about 47.91% [1][2] Group 2 - The company confirmed that there are no significant undisclosed matters affecting the stock's trading fluctuations, including major asset restructuring or significant business collaborations [2][3] - Recent market interest has been noted in fiber optic products related to data centers, particularly hollow-core fibers, although these products currently represent a small portion of global demand and are still in early-stage applications [2] - The company’s board of directors has stated that there are no undisclosed matters that could significantly impact the stock price, and previous disclosures do not require correction or supplementation [3]

长飞光纤光缆(06869.HK)发布公告，公司股票于2025年7月28日至2025年7月30日连续三个交易日收盘价 格涨幅偏离值累计超过20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动情 形。 本文源自：金融界AI电报 ...

长飞光纤（601869）光缆(06869)公布，Draka Comteq B.V.于2025年7月29日通过香港联交所大宗交易方 式出售上市公司37,595,255股H股股份，占上市公司剔除回购专用证券账户中股份数量后的总股本的 5.00%。 本次权益变动后，Draka Comteq B.V.持有上市公司股份比例由15.00%下降至10.00%。 ...

Core Viewpoint - The stock of Changfei Optical Fiber and Cable (06869.HK) experienced significant price fluctuations, with a cumulative increase of over 20% in three consecutive trading days, indicating abnormal trading conditions [1] Company Summary - The company reported that its daily operations are normal despite the ongoing challenges in the global optical fiber and cable market, which has been facing weak demand and declining average prices since 2024 [1] - For the fiscal year 2024, the company's revenue is projected to be approximately RMB 12.197 billion, representing a year-on-year decline of about 8.65% [1] - The net profit attributable to shareholders for 2024 is expected to be around RMB 676 million, reflecting a significant year-on-year decrease of approximately 47.91% [1] Industry Summary - There is a growing market interest in optical fiber and cable products related to computing data centers, particularly in hollow-core fibers, although these products currently represent a small proportion of total global demand [1] - Hollow-core fibers are considered cutting-edge products, but their application is still in the early stages, lacking large-scale sales and stable pricing and profit levels [1] - The transition from early testing to large-scale commercial use of hollow-core fibers requires further maturation of the product and supply chain, and the related business has not yet had a significant impact on the company's financial data, with future developments remaining uncertain [1]

Core Viewpoint - Changfei Fiber Optics (601869) and its subsidiary Changfei Cable (06869) experienced a significant stock price fluctuation, with a cumulative increase of over 20% from July 28 to July 30, 2025, triggering abnormal trading conditions as per Shanghai Stock Exchange regulations [1] Company Summary - The company conducted a self-examination and confirmed, through inquiries to its largest shareholder, China Huaxin Postal Technology Co., Ltd., that there are no undisclosed significant information as of the announcement date [1] - The company noted a rising market interest in optical fiber and cable products related to computing power data centers, particularly in hollow-core fiber optics [1] - Products related to data centers constitute a small proportion of the total global demand for optical fibers and cables, with hollow-core fiber optics still in the early stages of application and lacking stable sales, pricing, and profit levels [1] Industry Summary - The transition from early trial validation to large-scale commercialization of hollow-core fiber optics requires further maturity in both the product and the supply chain [1] - Currently, the related business has not significantly impacted the company's financial data, and future developments remain uncertain [1]

Core Viewpoint - The company has observed a rising market interest in optical fiber and cable products related to computing power data centers, particularly in hollow-core fibers, which are still in the early stages of application and have not yet formed stable sales or profit levels [1] Industry Summary - The demand for optical fiber and cable products associated with data centers constitutes a small proportion of the total global demand for optical fibers and cables [1] - Hollow-core fibers are considered a cutting-edge product in the industry, but their commercial use is still in the early trial phase, requiring further maturity in both the product and supply chain [1] - The current business related to hollow-core fibers has not yet had a significant impact on the company's financial data, and there is uncertainty regarding future developments in this area [1]