CIG Shares Open Over 3% Higher as Q3 Net Profit Surges 213% Year-on-Year and Doubles Sequentially

Hong Kong stock market movement — CIG (HKEX: 06166) opened more than 3% higher, rising 3.33% as of press time to HK$65.10, with a turnover of HK$5.234 million.

On the news front, on the evening of October 30, CIG released its third-quarter report for 2026. For the first three quarters, the company achieved operating revenue of RMB 4.921 billion, up 46.46% year-on-year; net profit attributable to shareholders was RMB 761 million, up 193.35% year-on-year.

On a single-quarter basis, third-quarter operating revenue was RMB 2.216 billion, up 67.26% year-on-year; net profit attributable to shareholders was RMB 433 million, up 212.81% year-on-year and up 106% quarter-on-quarter; non-GAAP net profit attributable to shareholders was RMB 410 million, up 201.26% year-on-year.

The earnings growth was mainly driven by rising demand for high-speed optical modules fueled by global AI infrastructure buildout, as well as the company's positive progress in customer expansion, production 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 making up the vast majority of high-speed optical module shipments.