Changes in Hong Kong stocks | Changfei Optical Fiber & Cable (06869) opened low and rose more than 11%, and the company is expected to benefit deeply from the optical fiber upward cycle

The Zhitong Finance App learned that Changfei Optical Fiber Cable (06869) rose by more than 11%. As of press release, it had risen 10.98% to HK$117.2, with a turnover of HK$3.708 billion.

According to estimates by GL-FiberCable and Rebio Group, global fiber demand is expected to reach 760/889 million core kilometers in 2026/2027, with year-on-year increases of 27.6% and 17.0%, respectively. The agency pointed out that the overall localization rate of prefabricated optical fiber rods in China has increased from 65% in 2023 to 80% + in 2026, but there is still a structural gap in high-end G.657.A2 and special optical rods for air core optical fibers.

According to a recent research report by Huaxin Securities, as a leading enterprise in the global fiber optic cable industry, the company is one of the earliest domestic optical fiber optic cable manufacturers, and is expected to benefit deeply from the optical fiber upward cycle. Furthermore, in recent years, as a global leader in air core optical fiber technology and industrialization, the company has established close collaboration with many leading operators, equipment vendors and test instrument manufacturers around the world, and has successfully implemented more than 10 commercial and pilot projects in Asia, Europe, America and other regions.