Changes in Hong Kong stocks | Changfei Optical Fiber Cable (06869) rose nearly 10%, AI computing power demand drives the main fiber optic cable business

The Zhitong Finance App learned that Changfei Optical Fiber Cable (06869) rose nearly 10%. As of press release, it had risen 9.8% to HK$42.14, with a turnover of HK$1,036 million.

According to the news, Huatai Securities's previous research report indicated that the company's main fiber optic cable business continues to optimize its product structure, driven by AI computing power requirements. Although domestic demand for traditional optical fibers on the telecom side is under pressure in the short term, there is strong demand for high-end products for computing power networks. In terms of next-generation optical fiber technology, the company is leading the world in the R&D and industrialization process of air core optical fiber. In addition, the company's optical interconnection component business, such as MPO, AOC, and high-speed copper cables through its subsidiary Changxin Bochuang, has become a strong growth point. Benefiting from the construction of an AI data center in North America, the company's overseas business continues to expand.

On December 15, Changfei Optical issued an announcement stating that its wholly-owned subsidiary Changfei Capital and its holding subsidiary Changxinbochuang plan to jointly establish the “Shanghai M&A Private Equity Fund Phase III Partnership (Limited Partnership)”. The total size of the fund reached 830 million yuan, and Changfei Optical Fiber's subsidiary invested a total of 100 million yuan. Through the layout of national strategic emerging industries such as high-end manufacturing and integrated circuits, it aims to use the resources of professional investment institutions to expand investment opportunities in the industrial chain and enhance the company's long-term competitiveness.