On July 22, CIG Shanghai rose 5.53% in regular trading, reaching HKD 90.55 per share, with turnover of HKD 252 million. The stock extended its recovery for a second consecutive session following a steep selloff that saw its Hong Kong-listed shares plunge over 50% in recent weeks.

The rebound comes as the optical communication sector stabilizes after being hammered by concerns over cross-industry entrants shipping 800G optical modules — sparking price war fears — and a New York State executive order banning large-scale data center construction. These headwinds left the stock deeply oversold. Meanwhile, the company disclosed on July 14 that it expects H1 net attributable profit to surge 156.65% to 197.18% year-over-year, reaching RMB 310.3 million to RMB 359.3 million, driven by robust demand for high-speed optical modules, significant order growth, and margin improvement from product mix upgrades.

Within the Communications Equipment sector, peer ZTE gained 3.28%, while YOFC declined 0.85%.

(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.)