钱诚天眼：6股争王，2月24日牛妖股风云录（一） 今天是2026年2月24日，马年第一个交易日，A股以一种近乎"脱缰"的姿态狂奔。三大指数半日涨幅均 超1%，成交量更是较前一日暴增3074亿，市场仿佛被注入了强心剂。在看似普涨的狂欢中，真正的猎 手关注的不是那些已经高高在上的明星，而是那些于中低位突然暴动、脱颖而出的"牛妖股"。它们或许 不是全场最耀眼的，但却是爆发力最强的，是未来"牛妖王"最有力的竞争者。 一、今日A股全景：由守转攻，资源为王 2026年的春季行情，在今天呈现出极为清晰的脉络。盘面上，资金的风险偏好发生了显著转向。 一方面，以石油、黄金、化工为代表的资源周期股全线大涨，这是宏观叙事的胜利。美伊局势的剑拔弩 张、特朗普关税政策的阴云不散，共同推高了全球对于滞胀的预期，资源品成了资金最好的避风港。中 曼石油、湖南白银的涨停，宣告了资源股从配角走向舞台中央。 另一方面，AI硬件端并未因资源股的吸血而崩塌，反而走出了独立的强势行情。长飞光纤的历史新 高、天孚通信的大涨，说明产业趋势的力量同样强大。市场不再是单一主线的独舞，而是形成了"资源 （通胀）+科技（成长）"双轮驱动的健康格局。影视院线、部分A ...

Group 1 - The stock price of Asia Pacific Wire & Cable (APWC.OQ) showed narrow fluctuations from February 7 to February 13, 2026, with a cumulative increase of 1.18% and a total trading volume of approximately $58,200, indicating low trading activity and weak liquidity [1] - As of February 13, 2026, the stock price closed at $1.71, reflecting a year-to-date decline of 8.06%, while the electrical equipment parts sector and the NASDAQ index also experienced slight declines of 0.33% and 0.27%, respectively [1] Group 2 - The price of G.652.D optical fiber has been rising since January 2026, driven by demand from AI data centers, with some quotes exceeding 50 yuan per core kilometer; however, Guangdong Telecom's suspension of optical cable procurement on February 10 highlights short-term industry competition [2] - The APEC senior officials' meeting held from February 1 to 10, 2026, in Guangzhou focused on the Asia-Pacific Free Trade Area and infrastructure cooperation, which may benefit the company's power cable business in the long term, although there are currently no direct order announcements [2] Group 3 - Analysts indicate that the optical fiber and cable industry is experiencing improved conditions, with prices increasing by over 80% this year; growth in AI and overseas demand may indirectly benefit the company's telecom cable business, but attention is needed on specific business alignment [3] - The current price-to-earnings ratio (TTM) is 12.54, and the price-to-book ratio is 0.22, suggesting that the company's valuation is at a low level [3]

消息面上，在AI浪潮下，数据中心建设如火如荼，光纤作为数据中心之间连接的重要器件，也正迎来 价格上涨以及供应紧张的趋势。据光电通信，2025年第四季，国内G.652.D光纤含税价平均约为25元/芯 公里，较2025年第二季度的20元/芯公里环比增长约25%。此前21世纪经济报道记者致电产业龙头烽火 通信得知，受原材料成本变化影响，光纤光缆行业从2025年下半年已开启小幅涨价，2026年1月涨价幅 度与速度均明显提升。 南方财经2月9日电，光纤等算力硬件股进一步走强，长飞光纤、天孚通信、蘅东光、杰普特、长盈通、 炬光科技盘中创新高。 甬兴证券：随着AI算力网络、6G预研、全球数字基建等需求的持续释放，全球光纤光缆市场有望进入2 ～3年的高景气周期。建议关注光纤光缆相关投资机会。建议关注：长飞光纤、烽火通信、亨通光电、 中天科技等。查看原文：AI需求持续释放，光纤光缆涨价来袭，龙头股价新高！行业高景气周期将 至？丨行业风口2026-02-03 ...

Core Viewpoint - Changfei Fiber Optics (601869) and its subsidiary Changfei Cable (06869) have seen their stock prices rise over 10%, reaching a historical high of 87 HKD, driven by increasing fiber optic prices and strong demand from overseas data centers [1] Group 1: Market Trends - The average price of G.652.D fiber optics has increased for two consecutive quarters, indicating a clear price recovery trend [1] - Several companies have reported rising export prices for fiber optics due to increased demand from overseas data centers [1] - It is anticipated that domestic fiber optic prices will experience a significant increase by 2026 [1] Group 2: Company Positioning - First Shanghai's recent report highlights that the company is a leader in the global fiber optic and cable industry, consistently holding the largest market share in fiber preform, fiber optics, and cables [1] - The company utilizes three main preform manufacturing processes: PCVD, VAD, and OVD, achieving the highest integration level and strong cost control capabilities [1] Group 3: Future Outlook - Although the company's performance is expected to be under pressure in the first half of 2025, the downward trend in the telecom market for fiber optics and cables is nearing its end [1] - The company is poised to benefit from a domestic market recovery, overseas expansion, and increased demand driven by AI computing [1]

智通财经APP获悉，长飞光纤光缆(06869)涨超10%，高见87港元刷新历史新高。截至发稿，涨8.8%，报 85.3港元，成交额8.75亿港元。 第一上海近期研报指出，公司是全球光纤光缆行业的龙头，光纤预制棒、光纤、光缆份额常年保持全球 第一。"PCVD+VAD+OVD"三大主流预制棒制备工艺，棒纤缆一体化程度最高，成本控制能力强。公司 2025年上半年业绩承压，但电信市场光纤光缆的量价双降下行趋势已近尾声，公司将充分受益于国内周 期筑底回暖、海外扩张对冲、AI算力拉动需求升级，即将进入业绩上行期。 消息面上，近期光纤均价呈现上涨态势，据产业链调研信息，G.652.D光纤市场平均价格连续两个季度 上涨，价格回暖态势明显。与此同时，多家公司表示，受海外算力数据中心对新型光纤光缆产品需求增 长影响，部分出口光纤价格上扬，预计2026年国内光纤价格将迎来一定幅度的上涨。此前，Meta与康 宁签署最高60亿美元光纤电缆协议，用于AI数据中心。机构认为，此举印证了光纤板块需求高景气 度。 ...

2026年1月27日，CPO概念股探底回升，创业板指翻红。创业板50ETF华夏（159367）上涨0.92%，持仓 股天孚通信、协创数据涨超10%，中际旭创、北京君正涨超6%。 消息面，根据光电通信公众号数据，G.652.D光纤市场平均价连续两个季度上涨，价格回暖态势明显。 甬兴证券发布研报称，2025年第四季度长期作为市场主流的G.652.D普通光纤出现显著的价格上涨与供 应紧张，且部分大厂库存已无法满足自身订单，开始转向外采。 中信证券表示，AI算力需求爆发推动光通信产业升级，海外云厂商及台积电资本开支持续扩张，印证 AI基础设施需求强劲，带来旺盛的高速率光模块需求。尽管高速光芯片等物料短期供给存在缺口，但 上游厂商积极扩产，叠加硅光方案渗透率提升，供应链瓶颈有望缓解。技术迭代方面，NPO凭借低功 耗、高带宽及可维护性优势，正成为Scaleup层面的关键过渡方案，头部企业已率先布局，推动行业向 更高效的光互联架构演进。 创业板50指数聚焦信息技术、新能源、金融科技、医药等新质生产力赛道，成分股以科技龙头企业为 主，如光模块、芯片、新能源电池、创新药等领域。这些行业符合国家政策方向和全球科技发展趋势， 具有 ...

Group 1 - The average price of G.652.D optical fiber in China has increased significantly, reaching approximately 24 yuan per core kilometer in Q3 2025, a 20% increase from 20 yuan per core kilometer in Q2 2025, indicating a clear price recovery trend in the market [1] - The price of G.652.D loose fiber has risen by over 20% compared to early 2025, reflecting a positive signal of demand recovery in the optical communication industry [1] - The growth in demand for optical fiber is driven by the booming development of emerging applications such as data center interconnect (DCI), cloud computing, and intelligent computing, which are expected to support prices in the future [1] Group 2 - The DCI market is projected to grow from $1 billion in 2023 to $3 billion by 2028, with a compound annual growth rate (CAGR) of 25% from 2023 to 2028, indicating a rapid expansion of optical fiber demand [2] - The share of optical fiber demand in data center internal and DCI scenarios is expected to increase from less than 5% in 2024 to 35% by 2027, contributing to a global optical fiber demand of 880 million core kilometers by 2027 [2] - The optical communication sector in the A-share market is likely to experience valuation recovery due to improved industry conditions, with a focus on leading companies in the optical fiber and cable field, as well as those with competitive advantages in optical modules and devices [2]

Core Viewpoint - The stock price of Changfei Fiber Optics (06869) has shown a significant increase, reflecting a positive market trend in the optical fiber industry, particularly for G.652.D fiber, which is experiencing price recovery and supply tightness [1][5]. Company Performance - Changfei Fiber Optics' stock rose over 5% during trading, with a current price of HKD 56.70 and a trading volume of HKD 1.139 billion [1][5]. - Longxin Bochuang, a subsidiary of Changfei, forecasts a net profit for 2025 between RMB 320 million and RMB 370 million, representing a year-on-year growth of 344.01% to 413.39% [1][5]. Industry Trends - The average market price of G.652.D optical fiber has increased for two consecutive quarters, indicating a clear recovery trend [1][5]. - According to Yongxing Securities, significant price increases and supply constraints for G.652.D fiber are expected by the fourth quarter of 2025, with some major manufacturers unable to meet their own orders and turning to external sourcing [1][5]. - The demand structure in the optical fiber and cable industry is undergoing transformation, driven by these market dynamics [1][5]. Growth Drivers - Changfei Fiber Optics is benefiting from the growth of its optical interconnect components business, including MPO, AOC, and high-speed copper cables, which have become strong growth points [1][5]. - The company is also expanding its overseas business, particularly in response to the construction of AI data centers in North America [1][5].

Group 1 - The core viewpoint of the article highlights the significant price increase in G.652.D optical fiber, indicating a recovery trend in the market after two consecutive quarters of price rises [1] - Longfly Optical Fiber (06869) saw its stock price rise by over 5%, reaching HKD 57.65, with a trading volume of HKD 1.07 billion [1] - According to Yongxing Securities, the G.652.D optical fiber is expected to experience notable price increases and supply tightness by Q4 2025, with some major manufacturers unable to meet their own orders and turning to external sourcing [1] Group 2 - Changxin Bochuang has forecasted a net profit of RMB 320 million to RMB 370 million for the fiscal year 2025, representing a year-on-year growth of 344.01% to 413.39% [1] - Huatai Securities noted that Longfly Optical Fiber's subsidiary, Changxin Bochuang, has seen strong growth in its MPO, AOC, and high-speed copper cable businesses, benefiting from the construction of AI data centers in North America and the continuous expansion of its overseas business [1]

Core Viewpoint - The optical fiber market is experiencing a significant price recovery, particularly for G.652.D optical fibers, which are expected to see notable price increases and supply tightness by Q4 2025 [1] Company Summary - Changfei Optical Fiber (601869) saw its stock price increase by over 5%, currently trading at 57.65 HKD with a transaction volume of 1.07 billion HKD [1] - Changxin Bochuang (300548) forecasts a net profit of 320 million to 370 million CNY for 2025, representing a year-on-year growth of 344.01% to 413.39% [1] - Changfei Optical Fiber's subsidiary, Changxin Bochuang, is expanding its business in MPO, AOC, and high-speed copper cable components, benefiting from the construction of AI data centers in North America [1]