本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次结项的募投项目名称：公司2019年公开发行可转换公司债券募集资金对应的"5G承载网络系统设 备研发及产业化项目""下一代光通信核心芯片研发及产业化项目""烽火锐拓光纤预制棒项目（一 期）""下一代宽带接入系统设备研发及产业化项目"和"信息安全监测预警系统研发及产业化项目"。 （二）本次拟结项募投项目募集资金节余的主要原因 本次结项的募投项目存在已签订合同但按合同约定尚未满足支付条件的合同款项，因相关款项支付周期 相对较长，公司尚未使用募集资金支付，上述款项待转至公司自有资金账户后，根据合同约定由自有资 金进行支付。同时，募集资金存放期间产生了一定的利息收益。 （三）节余资金使用计划 为更合理地使用募集资金，提高募集资金使用效率，公司计划将募投项目"5G承载网络系统设备研发及 产业化项目""下一代光通信核心芯片研发及产业化项目""烽火锐拓光纤预制棒项目（一期）""下一代宽 带接入系统设备研发及产业化项目"和"信息安全监测预警系统研发及产业化项目"节余资金合计 ...

1月8日，长飞光纤跌5.18%，截至发稿，报111.66元/股，成交15.16亿元，换手率3.30%，总市值924.44 亿元。 资料显示，长飞光纤光缆股份有限公司位于湖北省武汉市东湖高新技术开发区光谷大道9号,香港铜锣湾 希慎道33号利园1期19楼1918室，成立日期1988年5月31日，上市日期2018年7月20日，公司主营业务涉 及专注于通信行业,聚焦电信运营商和数据通信相关领域,致力于光纤预制棒、光纤和光缆以及数据通信 相关产品的研发创新与生产制造,形成了棒纤缆、综合布线、通信网络工程和其他光通信产品一体化的 完整产业链、相关多元化和国际化的业务模式。主营业务收入构成为：光传输产品60.25%，光互联组 件22.61%，其他17.13%。 广发科技动力股票（005777）基金经理为陈韫中。 截至发稿，陈韫中累计任职时间4年104天，现任基金资产总规模176.01亿元，任职期间最佳基金回报 170.65%， 任职期间最差基金回报1.26%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考， ...

（记者 王瀚黎） 法尔胜（000890.SZ）1月5日在投资者互动平台表示，普天法尔胜光通信有限公司为公司参股公司，主 要产品为光纤预制棒、光纤、光缆，上述产品主要应用于在运营商基础网络通信及广播电视通信领域。 每经AI快讯，有投资者在投资者互动平台提问：请介绍一下公司控股子公司普天法尔胜光通信有限公 司的业务范围，该公司的服务产品能否应用于商业航天领域？ ...

大众网记者 田甜 枣庄报道 12月31日下午，枣庄市"贸促助企、服务攻坚"赋能企业发展新闻发布会举行。记者从发布会上了解到， 今年1-11月，枣庄市贸促会共签发原产地证书8785份，切实帮助企业享受关税减免。 枣庄市贸促会党组副书记、副会长、二级调研员王洪军，市贸促会党组成员、副会长张冲，市贸促会办 公室主任、四级调研员丁晓蕾出席发布会并回答记者提问。 王洪军介绍说，当前，枣庄正处于产业转型升级，经济高质量发展的关键时期，外贸企业在拓展市场、 产业协同、风险防范等方面面临诸多挑战。为此，枣庄市贸促会聚焦企业发展难点痛点，大力实施"贸 促助企、服务攻坚"系列行动，以精准、多元、专业的服务为企业赋能增效，全力助推全市经济社会高 质量发展。 深入调查研究，精准对接企业需求 精准服务的前提是精准问需，从摸清企情出发，扎实开展大调研活动，为靶向施策、精准赋能发展夯实 基础。开展重点企业深度调研。对近50家进出口龙头、领军企业，开展一对一调研走访，深入征求企业 在对外联络、贸易合作、境外参展、人才培养、技术创新等方面的意见建议。开展行业产业专题座谈。 组织开展纺织、机床机械、玻璃等行业座谈会7次，覆盖企业70余家，采用" ...

12月29日，长飞光纤盘中下跌2.02%，截至13:12，报119.40元/股，成交9.13亿元，换手率1.86%，总市 值988.52亿元。 资金流向方面，主力资金净流出8598.60万元，特大单买入8638.60万元，占比9.47%，卖出9540.81万 元，占比10.45%；大单买入1.50亿元，占比16.39%，卖出2.27亿元，占比24.82%。 长飞光纤今年以来股价涨303.08%，近5个交易日跌6.02%，近20日涨39.53%，近60日涨15.92%。 今年以来长飞光纤已经12次登上龙虎榜，最近一次登上龙虎榜为12月19日。 资料显示，长飞光纤光缆股份有限公司位于湖北省武汉市东湖高新技术开发区光谷大道9号,香港铜锣湾 希慎道33号利园1期19楼1918室，成立日期1988年5月31日，上市日期2018年7月20日，公司主营业务涉 及专注于通信行业,聚焦电信运营商和数据通信相关领域,致力于光纤预制棒、光纤和光缆以及数据通信 相关产品的研发创新与生产制造,形成了棒纤缆、综合布线、通信网络工程和其他光通信产品一体化的 完整产业链、相关多元化和国际化的业务模式。主营业务收入构成为：光传输产品60.25 ...

Summary of Fiber Optic Cable Industry Conference Call Industry Overview - The global fiber optic cable market has a profit distribution heavily skewed towards the upstream preform segment, accounting for approximately 70% of profits, while the midstream fiber segment accounts for about 20%, and the downstream cable segment only 10% [1][2] - The industry is highly concentrated, with the top 10-11 companies holding over 90% of the global market share. Key players in China include Yangtze Optical Fibre and Cable, Hengtong, Zhongtian Technology, and FiberHome [1][3] Core Insights and Arguments - The acceleration of AI construction in North America has led to a surge in demand for fiber optic cables, tightening upstream supply and driving prices up. The price of G652D fiber increased by 10%-20% quarter-over-quarter in Q3 [1][4] - Although domestic manufacturers do not directly serve the North American market, the supply-demand imbalance has indirectly affected non-North American markets, resulting in increasing export volumes and prices for domestic manufacturers [1][4][6] - AI development is reshaping the demand structure for fiber optic cables, with increased demand for both single-mode and multi-mode cables within data centers. Despite the higher cost of multi-mode cables, their lower overall system costs make them widely used in short-distance applications [1][5] - The Data Center Interconnect (DCI) market is expected to grow from $1 billion in 2023 to $3 billion by 2028, driven by AI development. Overseas cloud providers are actively building their own fiber networks, while domestic DCI construction is primarily undertaken by operators using leased fiber or self-built equipment [1][9][10] Important but Overlooked Content - The market for specialty fibers, which have higher prices than standard cables, is projected to grow from $2 billion in 2023 to $3 billion by 2028. The Chinese market for specialty fibers is expected to increase from 7.6 billion RMB to 13.1 billion RMB [2][11] - The demand for AI cables within data centers is projected to grow from 6 million core kilometers in 2023 to over 200 million core kilometers by 2027, with North America expected to account for about 60% of this demand [12][13] - By 2027, a significant supply gap is anticipated in China, where domestic manufacturers currently hold 50%-60% of global capacity, with a utilization rate of 90%. Export revenues from Chinese manufacturers have reached 40%-50%, providing pricing flexibility in non-North American markets [2][14] Recommended Companies - The report recommends investing in companies with leading technology and capacity advantages in the upstream segment, including Yangtze Optical Fibre and Cable, Hengtong, Zhongtian Technology, and FiberHome. Emerging suppliers like India's STL are also highlighted as potential beneficiaries of the accelerating global AI construction [7][15]

Core Viewpoint - The recent surge in the stock price of Yangtze Optical Fibre and Cable (长飞光纤) is driven by positive industry fundamentals and the growing demand for computing infrastructure, leading to a market capitalization exceeding 100 billion yuan [1][2][3]. Group 1: Stock Performance - Yangtze Optical Fibre's stock price experienced three consecutive limit-up days within four trading sessions, reaching a closing price of 126.07 yuan per share and a total market value of 104.4 billion yuan as of December 23 [1][2]. - The stock's rolling price-to-earnings ratio was approximately 169 times as of December 22, indicating a potential overvaluation risk [2]. Group 2: Industry Dynamics - The demand for optical fibers and cables is expected to increase due to the ongoing development of AI applications and data centers, with a projected sales growth of 50% for optical modules and related products by 2025, reaching over 23 billion dollars [3][4]. - Yangtze Optical Fibre has maintained its position as the global leader in the sales of optical preform, fiber, and cable for nine consecutive years, with over 30% of its revenue coming from international markets [3][4]. Group 3: Technological Innovation - The company invests approximately 5% of its revenue annually in research and development, focusing on advanced technologies such as hollow-core fibers, which are seen as the next disruptive technology in optical communication [4][5]. - Yangtze Optical Fibre is the only company globally that has industrialized the three main preform preparation technologies: PCVD, OVD, and VAD, enhancing its competitive edge [3][4]. Group 4: Financial Performance and Shareholder Returns - For the first three quarters of 2025, the company reported revenues of 10.275 billion yuan, reflecting an 18.18% year-on-year growth [1][5]. - Since its listing in 2018, the company has distributed approximately 1.926 billion yuan in dividends, with the last three years accounting for 30.03% of its cumulative net profit [5].

Core Viewpoint - The acquisition of Qinghai Zhongli Optical Fiber Technology Co., Ltd. by Xining Economic and Technological Development Zone aims to resolve the company's financial difficulties and enhance its operational efficiency, thereby stabilizing the local optical communication industry [1][2]. Group 1: Company Overview - Qinghai Zhongli Optical Fiber Technology Co., Ltd. is the only national-level specialized and innovative "little giant" enterprise in the western region that integrates the research and production of optical fiber preform and optical fibers [1]. - The company has established a provincial engineering research center for optical communication materials and possesses leading core processes in the high-end optical communication product sector [1]. Group 2: Financial Challenges - The company has faced continuous losses, debt litigation, underutilization of production capacity, and risks of shutdown due to the bankruptcy restructuring of its parent company and market fluctuations [1]. - The company has a total of 2.09 billion yuan in related enterprise debts that have been successfully addressed through the acquisition [2]. Group 3: Acquisition Strategy - The acquisition strategy focuses on the unique industrial positioning and core technological value of the company, aiming to protect core production capacity and activate industrial value [2]. - A total of 40 million yuan has been raised for subsequent operational funding, specifically for production expansion, technological upgrades, and debt resolution [2]. Group 4: Operational Impact - The acquisition has stabilized the jobs of 232 employees and created conditions for restarting the 600-ton preform project, as well as activating 1.65 billion yuan of accumulated assets [2]. - The development zone plans to enhance the business environment, promote the construction of a complete industrial chain from optical fiber preform to optical fiber and optical cable, and attract strategic investments and quality resources to improve capacity utilization [2].

时代周报梳理发现，此次剥离青海中利，是中利集团自厦门国资入主以来首次公告实施资产处置。 中利集团成立于1988年，前身为常熟市唐市电缆厂，公司于2009年在深交所上市，公司拥有线缆、光伏两大主营业务，其光伏业务主要通过子公司苏州腾晖 光伏技术有限公司（"腾晖光伏"）运营，青海中利则系公司线缆板块的开展主体之一。 12月14日，中利集团（维权）（002309.SZ）发布公告称，计划转让其持有的青海中利光纤技术有限公司（以下简称"青海中利"）100%股权，股权交易价格 为95.15万元。交易完成后，青海中利将不再纳入公司合并报表范围。 就在2016年，中利集团曾以3000万元的价格收购青海中利15.52%股权。九年后，青海中利100%股权仅以95.15万元出售。"骨折价"的背后，青海中利已资不 抵债，经营性现金流仅28.3万元。 持有九年，为何在此时选择与该资产切割？时代周报记者注意到，本次出售青海中利，为中利集团自2024年12月份重整计划落地后首次公告剥离低效资产， 为了"优化公司产业布局与资源配置，改善资产结构"。 不过，就在该资产剥离消息发布前，中利集团股价连续涨停。公司股票于12月11日、12日连续两日 ...

Core Insights - Corning Inc. leads the global optical fiber and cable market with a revenue of approximately 32.9 billion RMB, maintaining its position as the profit leader [1] - Chinese companies, particularly Yangtze Optical Fibre and Cable (YOFC), have emerged strongly, with YOFC holding the top global sales position for nine consecutive years, alongside other firms like Hengtong and Zhongtian Technology entering the top ten [3][5] - The competitive landscape is dominated by three main regions: the US, China, and Japan, with Corning holding a 19% market share, followed by YOFC at 13%, Zhongtian Technology at 11.3%, and Hengtong at 11.2% [3][5] Company Performance - Corning's optical communications segment generated a core sales revenue of $4.657 billion in fiscal year 2024, reflecting a 16% year-on-year growth [6] - The company has laid over 5 billion kilometers of optical fiber globally, equivalent to circling the Earth 12,500 times [6] - Corning's investment in China exceeds $9 billion, with plans to invest an additional $500 million focusing on high-end optical fiber products for AI data centers [8] Technological Advancements - Corning has established a stronghold in the high-end optical fiber market through continuous innovation, including the introduction of ClearCurve single-mode fiber in 2007 and a $1 billion procurement agreement with AT&T in 2024 [8] - YOFC has become the only company globally to master three major preform technologies, significantly increasing its production capacity and global reach [10] - The industry is shifting towards next-generation optical fiber materials, with hollow-core fibers becoming a focal point due to their high transmission speeds and reduced latency [10] Market Trends - The global demand for optical cables is projected to grow by 6.2% in 2025, reaching 568 million core kilometers, with AI data centers driving a 138% increase in consumption [12] - The domestic market in China is experiencing a shift from traditional communication networks to data centers, with a projected 2.2% decrease in optical cable demand to 233 million core kilometers in 2025 [12] - Chinese companies are increasingly expanding overseas, with fiber optic exports rising from 1,295 tons in 2019 to 27,000 tons in 2024 [12] Competitive Landscape - The production cost of optical cables is heavily influenced by preform materials, which account for 70% of production costs, with YOFC leading in preform production capacity [14] - Corning leverages its material science expertise to control specialty glass raw materials, while Chinese firms focus on green manufacturing practices [14] - Regional market dynamics are diversifying, with the US and Europe focusing on high-end marine cables and specialty fibers, while China concentrates on 5G and data center proliferation [14]