Changfei Optical Fiber (601869.SH), as the leader in the global optical fiber and cable industry, has seen its stock price rise over 10 times since early 2025, with a market value surpassing 300 billion yuan.
Public information shows that several brokerages, including TF Securities and Huatai Securities, issued bullish research reports when Changfei Optical Fiber's stock price was low, uncovering the company’s value. They are optimistic about the company entering a new growth cycle driven by the rapid development of AI computing infrastructure.
Tenfold Stock: Changfei Optical Fiber Market Value Breaks Through 300 Billion
Changfei Optical Fiber's stock performance remains strong. In 2025, the stock price surged 290.92%. Since 2026, Changfei Optical Fiber has continued its robust performance, with the stock price rising 230.34% year-to-date as of April 10 close. Since 2025, the company’s stock price has risen nearly 12-fold, with a market value exceeding 300 billion yuan.
The recently disclosed 2025 financial report shows that Changfei Optical Fiber achieved revenue of 14.252 billion yuan in 2025, up 16.85% year-over-year, and net profit attributable to shareholders of 814 million yuan, increasing 20.4% year-over-year.

TF Securities, Huatai Securities, and others uncover investment value in Changfei Optical Fiber at lower price levels
Notably, according to incomplete statistics, multiple institutions, including TF Securities, Huatai Securities, UBS Group, Minsheng Securities, and Huaxin Securities, issued bullish research reports on the stock when it was at its bottom in 2025.

Researcher Wang Yihong, Kang Zhiyi, and Tang Haiqing from TF Securities released a research report in April 2025 titled 'Changfei Optical Fiber (601869): Q4 2024 non-GAAP profits soar YoY; diversification achieves substantial progress.' The report highlighted the company's efforts in developing high-value-added products such as multimode and hollow-core fibers while expanding into other areas. It maintained a 'Buy' rating. In September 2025, TF Securities issued another research report.

Analysts Wang Xing, Gao Mingyao, Wang Ke, and Chen Yueyi from Huatai Securities published a research report in September 2025 titled 'Changfei Optical Fiber (601869): Global Leader in Optical Fiber, AI Drives New Growth Cycle.' This was the first coverage of Changfei Optical Fiber, assigning a 'Buy' rating with a target price of 115.52 RMB/64.12 HKD, corresponding to 2026 PE ratios of 54x/27x. The company is a leading global supplier of optical fiber preforms, optical fibers, optical cables, and integrated solutions, maintaining the top global market share since 2016. Huatai Securities is optimistic about the company entering a new growth phase amid rapid AI computing infrastructure expansion: 1) High demand for large bandwidth and low latency is driving growth in hollow-core, multimode, and ultra-low-loss single-mode optical fibers; 2) Diversified horizontal expansion and vertical deepening of the optical communications supply chain, including optical interconnect components, industrial lasers, and submarine cables, positioning the company as a potential platform-type enterprise. In November 2025, Huatai Securities released another research report on Changfei Optical Fiber.
(Article Serial Number: 2042538204745306112/CJT)
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