Changes in Hong Kong stocks | Changfei Optical Fiber & Cable (06869) fell more than 5% in the afternoon, the global fiber optic cable production expansion cycle began or intensified market competition

The Zhitong Finance App learned that Changfei Optical Fiber Cable (06869) fell by more than 5% in the afternoon. As of press release, it was down 5.12% to HK$114.8, with a turnover of HK$3.706 billion.

According to the news, Japanese fiber optic cable supplier Furukawa Electric announced that the company will invest 100 billion yen to expand optical fiber cable production capacity, which is expected to expand to about double the level at the end of fiscal year 2025. According to reports, a number of optical fiber suppliers in China, Japan, the United States, and Europe have announced the expansion of production capacity.

According to Jefferies statistics, the world has announced an additional 19,400 tons of optical fiber prefabricated rod production capacity in 2026-2028. 2026 may still be in a period of tight supply, and the risk window is 2027-2028. Nomura previously suggested that if new entrants can successfully develop high-end products (that is, air core fiber and multi-core optical fiber) and successfully implement capacity expansion plans, market competition will intensify, and existing participants may face pressure to expand profit margins.