Core Viewpoint - Changfei Fiber Optics (601869) and its subsidiary are experiencing significant stock price increases due to advancements in fiber optic technology and strong market demand driven by AI and data centers [1] Group 1: Company Performance - Changfei Fiber Optics' stock rose over 6% and is currently trading at 57.2 HKD with a transaction volume of 2.457 billion HKD [1] - The company secured a 50% share in a centralized procurement of G.654.E optical cable products by China Mobile, which totaled 3.1386 million core kilometers [1] Group 2: Industry Developments - A new type of hollow-core fiber developed by the Lumenisity research team, supported by Microsoft, has achieved the lowest signal attenuation level ever recorded, marking a significant breakthrough in optical communication technology [1] - The demand for optical fibers is accelerating due to the increasing interconnect needs of AI-driven data centers, prompting major companies, including Microsoft and domestic firms, to expedite their investments in hollow-core fiber technology [1] Group 3: Product Performance - As data center clusters grow in scale, the performance requirements for optical fiber products, such as effective transmission distance and latency, have increased [1] - Changfei's high-end multimode fibers and its subsidiary Changxin Bochuang's MPO jumpers and AOC components used in data centers have all seen performance growth [1]

Group 1 - The core point of the article highlights a significant breakthrough in optical communication technology with the development of a new type of hollow-core fiber by the Lumenisity research team, supported by Microsoft, achieving the lowest signal attenuation level ever recorded [1] - The optical fiber industry is accelerating its evolution due to the increasing demand for interconnected data centers driven by AI, with major companies, including Microsoft, intensifying their investments in hollow-core fiber technology [1] - In June, China Mobile conducted a centralized procurement for G.654.E optical cable products, with a total procurement volume of 3.1386 million core kilometers, and Longi Fiber Optic secured a 50% share of this procurement [1] Group 2 - As data center clusters grow in scale, the performance requirements for optical fiber products, such as effective transmission distance and latency, have significantly increased, leading to growth in Longi's mid-to-high-end multimode fibers and optical interconnect components [1] - Longi's subsidiary, Changxin Bochuang, has seen performance growth in products like MPO jumpers and AOC used in data center markets [1]

Core Viewpoint - Gaoke Bridge (09963) experienced a significant stock price increase of over 40%, reaching a rise of 48.57% to HKD 0.52, with a trading volume of HKD 1.4497 million [1] Financial Performance - For the first half of 2025, Gaoke Bridge reported a revenue of HKD 38.746 million, representing a year-on-year decrease of 46.82% [1] - The decline in revenue was primarily attributed to a reduction in sales of optical cables, which decreased by approximately 46.0% to around HKD 37.4 million, and a significant drop in fiber sales, which fell by about 63.9% to around HKD 1.3 million [1] Industry Insights - Minsheng Securities highlighted a surge in capital expenditures for AI data centers, indicating a rapid increase in the demand for low-loss fibers such as multimode fibers and hollow fibers [1] - The investment focus of operators has shifted towards cloud computing and data centers, leading to sustained growth in the demand for multimode fibers in data centers and G.654.E optical cables in long-haul trunk applications [1] - Low-loss fiber connections are identified as a critical infrastructure for AI data centers, effectively supporting large-scale data transmission and high-speed computing tasks [1]

Group 1 - The core viewpoint of the article highlights that Gaokeqiao (09963) experienced a significant stock price increase of over 40%, reaching a rise of 48.57% to HKD 0.52, with a trading volume of HKD 1.4497 million [1] - Gaokeqiao reported a mid-year revenue of HKD 38.746 million for 2025, reflecting a year-on-year decrease of 46.82% [1] - The revenue decline was primarily attributed to a reduction in sales of optical cables, which decreased by approximately 46.0% to about HKD 37.4 million, and a 63.9% drop in fiber sales to around HKD 1.3 million [1] Group 2 - Minsheng Securities noted a surge in capital expenditure for AI data centers, indicating a rapid increase in the demand for low-loss fibers such as multimode and hollow fibers [1] - The article mentions that operators are focusing on increasing investments in cloud computing and data centers, leading to sustained growth in the demand for multimode fibers in data centers and G.654.E optical cables in long-haul applications [1] - Low-loss fiber connections are identified as a critical infrastructure for AI data centers, effectively supporting large-scale data transmission and high-speed computing tasks [1]