Changes in Hong Kong stocks | Changfei Optical Fiber & Cable (06869) rose more than 6% after performance, net profit returned to mother increased 12 times year-on-year in the first three quarters, and fiber price increases significantly increased the company's profit

The Zhitong Finance App learned that Changfei Optical Fiber Cable (06869) rose more than 6% after the performance. As of press release, it had risen 4.73% to HK$100.7, with a turnover of HK$451 million.

According to the news, on October 30, Changfei Optical Cable announced the results for the first three quarters of 2026. The group achieved operating revenue of 19.124 billion yuan, an increase of 86.12% over the previous year; net profit attributable to shareholders of listed companies was 6.128 billion yuan, an increase of 1204.63% over the previous year. Everbright Securities pointed out that judging from changes in quarterly performance, the profit elasticity of Changfei Optical Cable has been significantly released since 26Q2. Revenue increased year-on-month in 26Q3, and optical fiber prices continued to drive the release of profit flexibility. The company announced a “revenue structure improvement”. The bank believes that the company will lean more production capacity towards high-end products such as G657A2 to meet data center connectivity needs. If the share of revenue from high-end products continues to increase, there is room for further growth in the company's profits.

Everbright Securities added that according to customs data and the China Trade Connect Research Institute, the average export price of China's optical fiber optic cable at 26H1 rose to 79.49 US dollars/kg, an increase of 234.2% over the previous year. China Mobile's 2026 to 2027 ordinary optical cable group-level collection was the largest general cable collection in the year. The maximum price in the second round of bidding increased by about 8.5%. Of the 18 candidate manufacturers, 17 all quoted according to the maximum price. In the end, 18 companies won the bid, and the company accounted for 10.07% of the market share.