Group 1 - The company's A-share stock experienced a cumulative price deviation exceeding 20% from September 16 to September 18, 2025, indicating abnormal trading fluctuations [1] - In the first half of 2025, the global optical fiber and cable industry faced challenges such as insufficient demand in the telecom market and declining average prices [1] - The company reported total operating revenue of approximately RMB 6.384 billion in the first half of 2025, an increase of about 19.38% year-on-year, while net profit attributable to shareholders was approximately RMB 296 million, a decrease of about 21.71% year-on-year [1] Group 2 - The company noted a high market interest in optical fiber and 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 or profit levels [2] - The hollow-core fiber business has not yet had a significant impact on the company's financial data [2] - As of September 18, 2025, the company's A-share stock rolling price-to-earnings ratio was approximately 141 times, indicating a risk of being overvalued [3]