LIGENT (09856) saw its share price jump more than 11% during early trading on Friday. At the time of writing, the stock was up 6.66% to HK$38.10, with turnover reaching HK$589 million. Public filings show that LIGENT is a well-established provider of optical communications and optical connectivity products. According to Frost & Sullivan data, in 2025, the company held a 4.0% share of global optical module revenue, ranking fifth among all professional optical module manufacturers worldwide; in China, its 10.1% revenue share placed it third among professional optical module makers globally.

Orient Securities noted that LIGENT represents Hisense Group's core strategic positioning within the optical communications and AI computing infrastructure sector. Hisense Holdings, acting as the controlling shareholder, provides not only capital and industrial resource backing, but also opens the door to potential business interactions and technological collaboration with the listed platforms of Hisense Visual Technology and Hisense Home Appliances. Hisense Visual Technology, through its controlling stake in Ganzhao Optoelectronics, is strategically placed in optical chips and co-packaged optics (CPO) technology, which could complement LIGENT's optical module business on a technical level.