HK Stock Market Move | TRIGIANT (01300) Surges Over 23% in Early Trading; Upstream Optical Preform Becomes Core Bottleneck in the Industry Chain; Qinghai Zhongli Preform Project Expected to Restart Quickly

TRIGIANT (01300) rose over 16% in early trading. As of press time, it was up 16.61% at HK$3.44, with a turnover of HK$44.5976 million. On the news front, a subsidiary of TRIGIANT has successfully won the bid for 100% equity of Qinghai Zhongli Optical Fiber Technology Co., Ltd., with a transaction consideration of RMB 455 million. EB SECURITIES pointed out that Qinghai Zhongli has already put into production an annual capacity of 400 tons of preforms and 5 million core kilometers of optical fiber. The Phase III project with an annual capacity of 600 tons of preforms has its equipment in place but was suspended due to a funding gap. With capital injection, it is expected to restart quickly, and the planned total capacity will reach 1,000 tons of preforms. The bank noted that optical preforms account for about 70% of optical fiber costs, and the capacity expansion cycle generally takes 18-24 months, with the pace of supply release clearly lagging behind demand. If this acquisition is successfully completed, it is expected to complete the group's "preform-optical fiber-optical cable" industry chain layout and open up incremental space for AI computing power-related optical fiber products.