HK Stock Market Move | CIG Shanghai (06166) rose more than 7% in the afternoon. The company's high-speed optical module orders are in high demand, and they are actively promoting expansion production work.

Cig Shanghai (06166) fell 9% in early trading, but the stock price rose over 7% in the afternoon. As of the time of writing, it is up 6.06% at HK$147, with a turnover of HK$1.267 billion. On the news front, with the continuous advancement of global AI computing power infrastructure construction, the demand for high-speed optical interconnects in data centers remains strong. Cig Shanghai stated at their performance briefing that the company's annual production capacity of optical modules is 3.5 million units, with strong demand for high-speed optical module orders. The company is actively expanding production capacity at domestic and overseas production bases to ensure delivery of 800G and 1.6T products. It is worth noting that Cig Shanghai has already laid out and built a multi-dimensional supply chain security system. Currently, the company's core material reserves are reasonable, allowing for effective response to supply chain fluctuations. Additionally, the current production capacity is operating at a high load and has the capability to ensure product delivery as planned. However, the industry is facing ongoing material supply shortages, with some unpredictability in the situation.