On September 24, CIG fell 5.28% in regular trading, trading at HK$117.0/share, with turnover of HK$403 million. The decline came as the broader Hong Kong market weakened, with the Hang Seng Index down 0.57% and the Hang Seng Tech Index down 0.93%, dragging chip, semiconductor, and optical communication stocks lower across the board.

CIG had previously rallied sharply on multiple positive catalysts, including batch shipments of 800G optical transceiver modules following multi-client certifications, expectations for 1.6T mass production in the second half of the year, and a significant target price upgrade to RMB 424 by Guotai Haitong Securities. The company reported first-half revenue of RMB 2.705 billion, up 32.92% year-on-year, with net profit surging 171.08% to RMB 328 million. The accumulated gains from these catalysts amplified short-term profit-taking pressure during the broader selloff.

Within the Communications Equipment sector, COMBA bucked the trend with a 15.96% gain, while peers declined broadly: TRIGIANT down 5.15%, ZJ INNOLIGHT down 4.37%, YOFC down 4.19%, and ZTE down 0.8%.

(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.)