Movement Alert｜CIG rises 5.95% in Regular Trading, strong third-quarter profit growth and optical module capacity expansion plan support sentiment

Market Focus11-02

On November 2, CIG rose 5.95% in Regular Trading, trading at HK$67.0, with turnover of HK$607 million.

The move was accompanied by renewed buying after the company disclosed sharp third-quarter earnings growth and announced a proposed reallocation of HK$1.768 billion in remaining H-share proceeds toward high-speed optical module capacity expansion.

Third-quarter revenue was RMB2.216 billion, up 67.26% year on year, while attributable net profit reached RMB433 million, up 212.81% year on year and 106% quarter on quarter. For the first three quarters, attributable net profit was RMB761 million, up 193.35% year on year. The revised use of proceeds is mainly aimed at boosting capacity for 800G and 1.6T optical modules, which may strengthen future delivery capability. Sector sentiment was also supportive, with Hong Kong-listed optical communications names broadly higher on the day.

(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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