HK Stock Market Move | Cig Shanghai (06166) opened more than 3% higher; Q3 net profit up 213% year-on-year and doubled quarter-on-quarter.

Cig Shanghai (06166) opened more than 3% higher, up 3.33% as of press time at HK$65.10, with turnover of HK$5.234 million. On the news front, on the evening of October 30, Cig Shanghai released its Q3 2026 report. For the first three quarters, it achieved operating revenue of RMB4.921 billion, up 46.46% year-on-year; net profit attributable to shareholders was RMB761 million, up 193.35% year-on-year. On a single-quarter basis, Q3 operating revenue was RMB2.216 billion, up 67.26% year-on-year; net profit attributable to shareholders was RMB433 million, up 212.81% year-on-year and up 106% quarter-on-quarter; net profit attributable to shareholders after deducting non-recurring gains and losses was RMB410 million, up 201.26% year-on-year. The earnings growth was mainly driven by the increased demand for high-speed optical modules brought about by global AI infrastructure buildout, as well as the company's positive progress in customer expansion, capacity construction, and supply chain assurance. As of the end of the reporting period, revenue from the high-speed optical module business accounted for more than 50% of the company's operating revenue, with 800G products accounting for the vast majority of high-speed optical module shipments.