On July 28, CIG fell 6.68% in regular trading, trading at HKD 83.8/share, with turnover of HKD 40.10 million.

On the news front, US optical communications stocks suffered a sharp selloff last Friday, with the Philadelphia Semiconductor Index closing down 4.25%. Core optical communication names ALAB fell 10.82%, CRDO dropped 9.87%, and Coherent declined 9.84%, triggering systematic institutional selling pressure that transmitted to Asia-Pacific markets.

Within the Communications Equipment sector, peer stock YOFC fell 6.13% on the same day, reflecting significant sector-wide linkage. Storage concept stocks also declined broadly, amplifying risk-off sentiment across technology hardware names in Hong Kong.

The company recently announced an RMB 800 million investment to establish the Jiaxing Hujiang Optoelectronic Industry Fund, and previously guided H1 attributable profit growth of 157% to 197% year-over-year, indicating no fundamental deterioration. The current decline is primarily driven by external market sentiment contagion.

(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.)