On June 29, CIG Shanghai rose 3.3% in regular trading, trading at 152.5 HKD/share, with turnover of HKD 175 million.

The rebound follows a sharp pullback in the prior trading session, during which H-shares fell 3.68% and A-shares declined 5.56%, triggered by concentrated profit-taking after three consecutive trading days of cumulative gains exceeding 20%. The short-term oversold condition has generated technical recovery momentum.

On the fundamental side, the company reported Q1 net profit attributable to shareholders growth of 276.44% year-over-year. Its 800G optical modules have entered large-scale mass production, while 1.6T products have completed small-batch shipments. Robust AI computing demand continues to drive strong high-speed optical module orders, providing underlying support for the price recovery.

(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.)