Optical chip sector plunges sharply; three listed companies respond they have no knowledge of price cut rumors

Deep News10-08

On the morning of October 8, the A-share optical chip concept sector weakened amid volatility, with multiple stocks falling sharply.

As of press time, Suzhou Everbright Photonics Co.,Ltd. (688048) and Henan Shijia Photons Technology Co.,Ltd. (688313) both hit the 20% daily limit down, while Henan Shijia Photons Technology Co.,Ltd. (688313) dropped more than 15%, Jiangsu Etern Company Limited (600105) fell over 6%, and Suzhou Dongshan Precision Manufacturing Co., Ltd. (002384) hit the daily limit down.

On the news front, rumors had been circulating in the market about optical chip price cuts, claiming that current optical chip prices are already under pressure and that 1.6T supporting optical chips face downward pricing pressure.

A reporter from China Securities Journal·CSI Taurus contacted Suzhou Everbright Photonics Co.,Ltd. (688048), Henan Shijia Photons Technology Co.,Ltd. (688313), and Jiangsu Etern Company Limited (600105) separately to verify.

Suzhou Everbright Photonics Co.,Ltd. (688048) stated that the company has not received any information related to optical chip price cuts, and the company also did not make any speculation regarding the reasons for the sharp stock price decline.

Jiangsu Etern Company Limited (600105) similarly stated that it was not aware of the relevant situation and would not speculate on the reasons for the abnormal stock price movement.

Henan Shijia Photons Technology Co.,Ltd. (688313) stated that the company has not obtained any information about optical chip price cuts, but believes that this round of sector adjustment may stem from a research report released by Morgan Stanley on October 1 regarding U.S. Federal Communications Commission (FCC) policy.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment