2026-03-06 02:30Summary of Longfly Optical Fiber Conference Call Company Overview - The conference call focused on Longfly Optical Fiber, specifically the launch of their new hollow core fiber brand, HollowBand®, during MWC Barcelona 2026 [1][2]. Key Points and Arguments - Longfly has achieved a significant milestone with their hollow core fiber, boasting the lowest attenuation globally at 0.04 dB/km, which is a reduction from the previous 0.05 dB/km [3]. - The length of a single hollow core fiber preform has reached 91.2 km, which is expected to accelerate commercialization efforts [3]. - Compared to traditional solid core fibers, the hollow core fibers exhibit a 31% reduction in latency and a 47% increase in transmission speed, with non-linear effects nearly eliminated, making them suitable for long-distance backbone network construction [3]. - The demand for hollow core fibers is particularly strong in North America, driven by AI data centers and drone applications, which are expected to increase fiber demand significantly [4]. - Longfly has established a wholly-owned subsidiary in Singapore to focus on the research and development of hollow core fiber technology and its market promotion, potentially opening up overseas market opportunities [4]. Market Dynamics - The price of G652D fiber increased significantly in February, exceeding 50 yuan per core kilometer, compared to 25 yuan in Q4 2025, indicating a rising trend in fiber prices due to supply-demand mismatches [4]. - Domestic telecom operators are expected to raise prices to meet their network construction needs, as evidenced by the failed bidding in February for telecom procurement, which reflected that the highest price limit could not match market demand [4]. - Longfly's production capacity for optical preforms stands at 4,000 tons, utilizing VAD+OVD and PCVD technologies, allowing for flexible adjustments in the production of single-mode, multi-mode, and specialty optical fibers [4]. Competitive Position - Longfly's exposure to overseas markets is higher than that of its peers, positioning it to benefit from the current price increases [5]. - The company maintains a leading position in multi-mode fiber production, which is primarily used for data center jumpers, with prices ranging from 200 to 1,000 yuan depending on the type [5]. - Longfly holds a 49% stake in Changxin Sheng, which specializes in MPO fiber connectors and AOC, serving major domestic and international CSP manufacturers [5]. - The company is one of the few domestic suppliers capable of directly providing fiber connectors to North America, where there is a shortage of production capacity among overseas connector manufacturers [5]. Additional Insights - Longfly is diversifying its growth points by developing products in various segments, including MPO, AOC, hollow core fibers, and multi-mode fibers, while also exploring opportunities in submarine cables, lasers, quartz, and semiconductors [5]. - The recommendation is to pay attention to the stock during market dips [6].