HK Stock Market Move | CIG Shanghai (06166) quickly rose at the close of trading, with the stock price rising over 8%. Net profit attributable to shareholders in the first quarter increased by 276.44% compared to the same period last year.

Cig Shanghai (06166) staged a rapid late-stage rise to turn red, with the current increase exceeding 8%, previously falling more than 5%. As of the close of the session, it rose 8.04% to 137.1 Hong Kong dollars, with a turnover of 1.701 billion Hong Kong dollars. On the news front, Cig Shanghai announced that it achieved operating income of 1.287 billion yuan in the first quarter of 2026, a year-on-year increase of 43.98%; net profit attributable to shareholders of the listed company was 118 million yuan, a year-on-year increase of 276.44%. The performance change is mainly due to the increase in shipments of core business products. It is reported that the company's net profit in Q4 of 2025 was 0.04 billion, based on this calculation, the net profit in Q1 increased by 2722% month-on-month. The announcement pointed out that during the reporting period, the company's profitability significantly strengthened due to the increase in the scale of high-speed optical module business.