Core Viewpoint - The company has noted increased market attention on optical fiber and cable products related to computing 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] Group 1: Market Attention - There is a high level of interest in optical fiber and cable products associated with data centers, especially hollow-core fibers [1] - The demand for optical fiber and cable products related to data centers constitutes a small proportion of the total global demand for optical fibers and cables [1] Group 2: Business Development - Hollow-core fiber, as a cutting-edge product, is still in its early application phase and has not yet achieved scale sales [1] - The future business development of hollow-core fibers depends on the further maturity of the industry chain [1] Group 3: Financial Impact - Currently, the hollow-core fiber-related business has not had a significant impact on the company's financial data [1] - Investors are advised to be aware of investment risks and to make rational decisions [1]

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].

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]