此外，公司近期发布公告称，注意到近期市场对算力数据中心相关光纤光缆产品，尤其是空芯光纤关注 度较高。目前与数据中心相关的光纤光缆产品占全球光纤光缆需求总量的比例较小，其中，空芯光纤作 为行业前沿产品，其应用仍处于早期阶段，尚未形成规模销售、尚未形成稳定的价格及利润水平，后续 业务发展也有待于产业链的进一步成熟。目前，空芯光纤相关业务尚未对公司财务数据产生明显影响， 敬请广大投资者注意投资风险，理性决策，审慎投资。 智通财经APP获悉，长飞光纤光缆(06869)早盘跌超11%，截至发稿，跌4.71%，报58.7港元，成交额7.32 亿港元。 消息面上，长飞光纤此前公告，股东DrakaComteqB.V.于9月4日通过香港联交所大宗交易方式减持了 3759.53万股H股股份，占公司总股本的5.00%，减持后持股比例从10.00%降至5.00%。9月19日， DrakaComteqB.V.再通过大宗交易减持公司5%H股股份。此次权益变动后，DrakaComteqB.V.不再持有公 司H股股份。 ...

长飞光纤（601869）光缆(06869)早盘跌超11%，截至发稿，跌4.71%，报58.7港元，成交额7.32亿港 元。 消息面上，长飞光纤此前公告，股东DrakaComteqB.V.于9月4日通过香港联交所大宗交易方式减持了 3759.53万股H股股份，占公司总股本的5.00%，减持后持股比例从10.00%降至5.00%。9月19日， DrakaComteqB.V.再通过大宗交易减持公司5%H股股份。此次权益变动后，DrakaComteqB.V.不再持有公 司H股股份。 此外，公司近期发布公告称，注意到近期市场对算力数据中心相关光纤光缆产品，尤其是空芯光纤关注 度较高。目前与数据中心相关的光纤光缆产品占全球光纤光缆需求总量的比例较小，其中，空芯光纤作 为行业前沿产品，其应用仍处于早期阶段，尚未形成规模销售、尚未形成稳定的价格及利润水平，后续 业务发展也有待于产业链的进一步成熟。目前，空芯光纤相关业务尚未对公司财务数据产生明显影响， 敬请广大投资者注意投资风险，理性决策，审慎投资。 ...

Core Viewpoint - Draka Comteq B.V., a former major shareholder of Yangtze Optical Fibre and Cable Joint Stock Limited Company, has completely divested its holdings, yet the company's stock prices have shown significant increases during this period [2][6]. Group 1: Shareholder Activity - On September 19, 2025, Draka Comteq B.V. sold 37.5953 million H-shares, reducing its stake from 5.00% to 0.00% [6]. - Prior to this divestment, Draka Comteq B.V. held 180 million shares, equating to a 23.73% stake, which it shared with China Huaxin Post and Telecommunications [6]. - The stock price of Yangtze Optical Fibre increased by 259.2% for A-shares and 297.42% for H-shares during the divestment period from early Q2 2025 to the present [6]. Group 2: Stock Performance - As of September 19, 2025, the A-share price was 120.62 CNY per share, and the H-share price was 61.6 HKD per share, with a total market capitalization of 68.8 billion CNY [3]. - The stock price performance indicates strong market confidence despite the significant shareholder exit [2][6]. Group 3: Industry Insights - There is growing market interest in hollow-core fiber products, which are seen as having the potential to overcome limitations of solid-core fiber in next-generation T-bit transmission [8][9]. - Yangtze Optical Fibre has developed proprietary technology for its hollow-core fiber, which is recognized for its superior performance [8]. - Currently, the market for hollow-core fiber is still in its early stages, with limited sales and pricing stability, and it has not yet significantly impacted the company's financials [8]. Group 4: Future Developments - Microsoft plans to deploy 15,000 kilometers of hollow-core fiber for data centers and AI model connections within the next 24 months [10]. - China Mobile has initiated commercial use of hollow-core fiber, with Yangtze Optical Fibre being the sole bidder at approximately 36,000 CNY per core kilometer [10].

Core Viewpoint - Draka Comteq B.V. has completely divested its holdings in Changfei Fiber Optic, selling 37.5953 million H-shares, which accounts for 5.00% of the company's total share capital, indicating a significant reduction in shareholder commitment [1][3]. Summary by Sections Shareholder Reduction - Draka Comteq B.V. sold a total of approximately 180 million H-shares from April 17 to September 19, representing 23.73% of the company's total share capital [3][4]. - The latest sale on September 19 marked the complete exit of Draka Comteq B.V. from its H-share holdings in Changfei Fiber Optic [3][4]. Stock Performance - Changfei Fiber Optic's A-shares have increased over 300% and H-shares over 400% since the beginning of the year, reflecting strong market performance [1][7]. - The stock reached a historical high on September 19, with three consecutive trading days of price increases [7]. Financial Performance - For the first half of 2025, Changfei Fiber Optic reported total revenue of approximately 6.384 billion yuan, a year-on-year increase of about 19.38%, while net profit attributable to shareholders decreased by approximately 21.71% to about 296 million yuan [9]. - The company noted that the global fiber optic cable industry faces challenges such as insufficient demand in the telecom market and declining average prices, which may impact future performance [9][10]. Business Outlook - The company highlighted the growing interest in fiber optic products related to data centers, particularly hollow-core fibers, although these products currently represent a small portion of total demand and have not yet significantly impacted financial results [10]. - Changfei Fiber Optic emphasized the need for ongoing technological advancements to maintain competitive advantages in the evolving market [11].

Core Viewpoint - Draka Comteq B.V. has completely divested its stake in Yangtze Optical Fibre and Cable Joint Stock Limited Company, which did not negatively impact the company's stock prices, as both A-shares and H-shares experienced significant increases following the announcement [2][5]. Group 1: Shareholder Activity - Draka Comteq B.V. sold 37.5953 million H-shares on September 19, 2025, reducing its ownership from 5.00% to 0.00% [5]. - Prior to the divestment, Draka Comteq B.V. and China Huaxin Post and Telecommunications Technology Co., Ltd. were co-largest shareholders, each holding 180 million shares, representing 23.73% of the total shares [5]. - The share price of Yangtze Optical Fibre increased by 259.2% for A-shares and 297.42% for H-shares during the period of Draka Comteq B.V.'s divestment [5]. Group 2: Stock Performance - On September 19, 2025, the A-share price closed at 120.62 CNY per share, while the H-share price closed at 61.60 HKD per share, with a market capitalization of 688 billion CNY [2][3]. - The A-share price experienced a limit-up increase of 10% on the same day, while H-shares rose by 8.55% [2][3]. Group 3: Industry Insights - There is growing market interest in hollow-core fiber products related to data centers, which are seen as having significant potential due to their low latency and low loss characteristics [6][7]. - Currently, the market share of fiber optic products related to data centers is relatively small, and hollow-core fiber applications are still in the early stages of development [7]. - Microsoft announced plans to deploy 15,000 kilometers of hollow-core fiber for data centers and AI model connections within the next 24 months [8].

不过，长飞光纤股价并未因此收到负面影响，9月19日其A股股价涨停、H股股价大涨8.55%。 而且，从2025年二季度初至今，在Draka Comteq B.V.将其持有的1.8亿股长飞光纤H股股份全部减持期 间，长飞光纤A股股价大涨259.2%，H股股价大涨297.42%。 截至9月19日收盘，长飞光纤A股股价为120.62元/股、H股股价为61.6港元/股，最新市值为688亿元人民 币。 曾经的并列第一大股东清仓 长飞光纤9月21日晚公告，信息披露义务人Draka Comteq B.V.于2025年9月19日，通过香港联交所大宗交 易方式，出售公司3759.53万股H股股份，占上市公司总股本的5.00%。本次权益变动后，信息披露义务 人持有上市公司股份比例由5.00%下降至0.00%。 【导读】长飞光纤9月21日晚公告，外资股东Draka Comteq B.V.于9月19日减持公司3759.53万股H股股 份，减持后不再持有公司股份 截至2025年3月31日，Draka Comteq B.V.和中国华信邮电科技有限公司并列长飞光纤第一大股东，持股 数均为1.8亿股，持股比例都是23.73%。 中国基金报记者 ...

Major Events - Zijin Mining International (02259) is conducting an IPO from September 19 to September 24, with expected listing on September 29 [1] - Xipuni (02583) is also conducting an IPO from September 19 to September 24, with expected listing on September 29 [1] - China National Nuclear Corporation (01735) plans to establish a strategic partnership with Ant Blockchain in the fields of new energy digital assets and AI ecology [1] - Huajian Medical (01931) has officially completed the world's first RWA building - ETHK building, marking a new era of physical and scalable technology for ETHK's financial ecosystem [1] - Hong Kong Broadband (01310) received a placement of 47.925 million existing shares from its controlling shareholder, China Mobile Hong Kong [1] - Jieli Trading Treasure (08017) launched DeepTrade AI Agent, an intelligent trading system [1] - Fuhong Hanlin (02696) received approval from the European Commission for HLX14 (dazhu single antibody) for specific osteoporosis treatment indications [1] - Changying Group (Holdings) (00689) underwent a major shareholder change, with VCYBER acquiring 13.92% of the company's shares [1] - Zhaojin Mining Industry (01818) plans to invest $30 million to subscribe for cornerstone shares of Zijin International [1] - Boya Interactive (00434) established a strategic partnership with New Fire Technology to jointly explore Web3 ecological development opportunities [1] - Yangtze Optical Fibre and Cable (06869) experienced abnormal trading fluctuations in A-shares, with no significant impact on financial data from the hollow fiber-related business [1] - Baiguoyuan Group (02411) plans to issue a total of 279.5 million placement shares, aiming to raise approximately HKD 325 million [1] - Youbao Online (02429) plans to issue up to 157.5 million placement shares at a discount of approximately 16.95% [1] Operating Performance - SF Holding (06936) reported a total revenue of CNY 24.787 billion from its express logistics, supply chain, and international businesses in August, representing a year-on-year growth of 7.86% [2]

Group 1 - The core point of the article is that Changfei Optical Fiber and Cable (06869) announced a significant fluctuation in its A-share stock price, with a cumulative increase of over 20% from September 16 to September 18, 2025, indicating abnormal trading conditions [1] - On September 19, 2025, the company's A-share stock closed at the daily limit price, reflecting recent volatility in stock prices and urging investors to be cautious and rational in their investment decisions [1] - The company conducted a self-examination and confirmed that there have been no significant changes in its main business, daily operations, or operating environment compared to previous disclosures, and there are no undisclosed major matters [1] Group 2 - The company noted a rising market interest in optical fiber cable products related to data centers, particularly hollow-core fibers, which are still in the early stages of application and have not yet formed stable sales, pricing, or profit levels [1] - Currently, products related to data centers account for a small proportion of the total global demand for optical fiber cables, and the hollow-core fiber business has not yet had a significant impact on the company's financial data [1]

Group 1 - The company's A-share stock experienced a cumulative price deviation of over 20% from September 16 to September 18, 2025, indicating abnormal trading fluctuations [1] - On September 19, 2025, the company's A-share stock closed at the daily limit price, reflecting significant recent price volatility [1] - The company conducted a self-inspection and confirmed that there have been no significant changes in its main business, daily operations, or operating environment compared to previous disclosures [1] Group 2 - The market has shown increased attention to optical fiber and cable products related to data centers, particularly hollow-core fibers, which are still in the early application stage [1] - Currently, products related to data centers account for a small proportion of the total global demand for optical fibers and cables, and hollow-core fibers have not yet achieved scale sales or stable pricing and profit levels [1] - The hollow-core fiber business has not yet had a significant impact on the company's financial data [1]

Market Overview - A-share market closed with a total of 60 stocks hitting the daily limit, with 50 stocks after excluding 10 ST stocks, and a total limit sealing rate of 69.77% [1] Top Performers - The highest limit sealing volume was seen in Gongyuan Co. with 922,300 hands, followed by Yunnan Tourism, Hongdou Co., and Dongruan Group with 326,300 hands, 229,400 hands, and 224,900 hands respectively [2] - Tianpu Co. achieved 13 consecutive limit ups, while Taimushi and Hangdian Co. had 5 and 4 consecutive limit ups respectively [2] Significant Capital Inflows - 17 stocks had limit sealing funds exceeding 100 million yuan, with Taimushi, Gongyuan Co., and Dongruan Group leading at 488 million yuan, 470 million yuan, and 254 million yuan respectively [2] Industry Highlights: Semiconductor - Companies in the photolithography and photoresist sector saw limit ups, including Kaimeteqi, Yongxin Optics, Xilong Science, Fuzheng Technology, and Huasoft Technology [3] - Kaimeteqi's electronic specialty gases are widely used in semiconductor processes, while Yongxin Optics produces photolithographic lenses for PCB equipment [3][4] Industry Highlights: Tourism - Yunnan Tourism, Qujiang Cultural Tourism, and Guilin Tourism experienced limit ups [5] - Yunnan Tourism has a comprehensive service capability in the cultural tourism industry, while Qujiang Cultural Tourism manages several national scenic spots [5] Industry Highlights: Optical Communication - Changfei Optical Fiber and Shijia Technology saw limit ups in the optical communication sector [6] - Changfei Optical Fiber maintains a leading position in market share and product development in the optical fiber and cable industry [6] Institutional and Retail Activity - Ganfeng Lithium received a net purchase of over 100 million yuan from the Shenzhen Stock Connect, leading the net buying list along with Kaimeteqi and Hongrun Construction [7] - Institutional net buying was also significant in Ganfeng Lithium, Hangaogroup, and Yuma Technology [7]