Movement Alert｜CIG Intraday Rise 6.07% in Regular Trading, Strong Quarterly Growth and Optical Module Expansion Plan Support Rebound

Market Focus11-04 14:03

On November 4, CIG rose 6.07% in Regular Trading, trading at HK$62.95, with turnover of HK$669 million.

The move followed recent company disclosures highlighting strong third-quarter growth and an expanded investment plan for high-speed optical modules.

Recent filings showed third-quarter revenue of RMB2.216 billion, up 67.26% year over year, and net profit attributable to shareholders of RMB433 million, up 212.81%. For the first three quarters, revenue reached RMB4.921 billion, up 46.46%, while net profit attributable to shareholders rose 193.35% to RMB761 million. The company also said it plans to redirect HK$1.768 billion of remaining H-share offering proceeds toward optical module capacity expansion, mainly for 800G and 1.6T products, with planned use through the end of 2027. Separately, its total issued shares increased to 386,696,373 after a new H-share placement completed in October.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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