Movement Alert|CIG Rises 5.11% in Regular Trading, Buy Rating Issued as Interim Profit Surges 171%

Market Focus09-04 09:44

On September 4, CIG (06166) rose 5.11% in regular trading, trading at 99.05 HKD/share, with turnover of approximately HKD 180 million.

On the news front, Huaxin Securities released a research report giving CIG a buy rating, highlighting that capacity expansion is supporting rapid growth in optical module orders and the company is proactively positioning in optical interconnect technologies. Over the past 90 days, three institutions have issued ratings on the stock, including two buy and one overweight.

The rating follows the company's strong H1 results disclosed on August 24. CIG reported H1 revenue of RMB 2.705 billion, up 32.92% year-over-year, and attributable net profit of RMB 328 million, surging 171.08%. The 800G optical module has completed certification with multiple major overseas customers and achieved mass shipments, while 1.6T products are being accelerated. The company targets annualized optical module capacity of no less than 6 million units by year-end, with Mexico factory preparations underway to serve North American clients.

Industry-wide, institutions forecast global Ethernet optical module sales to grow 73% year-over-year, driven by AI compute cluster buildouts and high-speed upgrade demand.

(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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