--- title: "Hong Kong stock movement: CIG rose 13.22%, with a significant increase in first-quarter performance attracting capital inflow, optimistic outlook for optical module business" type: "News" locale: "en" url: "https://longbridge.com/en/news/284481921.md" description: "CIG rose 13.22%; Yangtze Optical Fibre and Cable Joint Stock Limited Company rose 3.80%, with a transaction volume of HKD 1.69 billion; BYD Electronics fell 1.60%, with a transaction volume of HKD 345 million; ZTE Corporation fell 0.41%, with a transaction volume of HKD 105 million; Feisuke Innovation rose 0.75%, with a market value of HKD 18.6 billion" datetime: "2026-04-29T02:47:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284481921.md) - [en](https://longbridge.com/en/news/284481921.md) - [zh-HK](https://longbridge.com/zh-HK/news/284481921.md) --- # Hong Kong stock movement: CIG rose 13.22%, with a significant increase in first-quarter performance attracting capital inflow, optimistic outlook for optical module business **Hong Kong Stock Movement** CIG rose 13.22%. Based on recent key news: 1. On April 27, CIG released its first-quarter financial report, with operating revenue increasing by 43.98% year-on-year and net profit increasing by 276.44%. The performance growth was mainly due to an increase in the shipment volume of core business products, driving up the stock price. Source: People's Financial News 2. On April 27, CIG's Hong Kong stock surged in the closing hours, rising over 9%. The previously released financial report showed a significant improvement in profitability, and the market's expectations for the growth of its high-speed optical module business have strengthened. Source: DoNews 3. On April 28, insurance funds and social security funds increased their holdings in CIG, while shareholders and executives reduced their stakes. The popular track in the optical module industry attracted capital inflows, pushing up the stock price. Source: Times Online. The demand in the optical module industry is strong, and capital inflows are evident. **Stocks with High Trading Volume in the Industry** Yangtze Optical Fibre and Cable rose 3.80%. Based on recent key news: 1. On April 27, Yangtze Optical Fibre and Cable had large transactions exceeding HKD 20 million, indicating strong market interest in the stock, driving up the stock price. The transaction price ranged between HKD 240.0 and HKD 243.0, involving HKD 44.805 million. 2. On April 27, ZTE Corporation announced a 46.58% year-on-year decrease in net profit for the first quarter of this year, but revenue grew by 6.13%, leading to an overall rise in telecommunications equipment stocks, with Yangtze Optical Fibre and Cable's stock price increasing by 10% to HKD 242.8. 3. On April 28, Jinhong Gas stated on an interactive platform that the company has established stable cooperative relationships with several subsidiaries of Yangtze Optical Fibre, further enhancing market confidence in Yangtze Optical Fibre and Cable. Telecommunications equipment stocks performed strongly overall, with significant capital inflows. BYD Electronics fell 1.60%. Based on recent key news: 1. On April 28, BYD Electronics announced its first-quarter results for 2026, with net profit significantly decreasing by 95.53%, mainly affected by exchange rate fluctuations leading to foreign exchange losses, while changes in product structure also dragged down overall gross margin and profit levels. This news led to a sharp decline in the stock price. Source: Zhitong Finance 2. On April 28, BYD Electronics released its unaudited financial report, showing a year-on-year revenue increase of 3.53%, but gross profit decreased by 14.35% year-on-year, with net profit only at HKD 27.83 million. After the financial report was released, the market reacted negatively, and the stock price continued to decline. Source: Economic Information Agency 3. On April 29, a report from Bank of America Securities pointed out that the significant decline in BYD Electronics' first-quarter profits dragged down BYD's overall performance, leading to further pressure on BYD Electronics' stock price. Source: Bank of America Securities. The overall industry performance is weak, and the impact of exchange rate fluctuations is significant. ZTE Corporation fell 0.41%. Based on recent key news: 1. On April 27, ZTE Corporation released its first-quarter report, with revenue increasing by 6.13% year-on-year, but net profit decreased by 46.58% year-on-year. Financial expenses turned from net income to net expenditure due to exchange rate fluctuations, affecting profits. Huatai Securities pointed out that the profit decline was mainly due to a decrease in domestic communication infrastructure investment, with the revenue structure leaning towards low-margin computing power businesses Source: Zhitong Finance 2. On April 27, Goldman Sachs lowered the target price for ZTE Corporation by 7% to HKD 37.5, maintaining a "Neutral" rating. Goldman Sachs pointed out that the decline in gross margin is due to the decrease in capital expenditure in the domestic telecommunications industry, leading to a reduced contribution from domestic network product revenue. Source: Jingji Tong Communications Agency 3. On April 28, the market held a cautious attitude towards ZTE Corporation during the cyclical transition period, with both Citigroup and Goldman Sachs lowering their earnings forecasts, reflecting concerns about its short-term financial pressures. Source: Zhitong Finance The telecommunications industry is facing pressure from declining capital expenditure. **Stocks ranked among the top in industry market capitalization** Feisuk Innovation rose by 0.75%. Based on recent key news: 1. On April 28, Feisuk Innovation announced that it would distribute a final dividend of HKD 4.93 for every 10 shares on June 30. This news boosted investor confidence, driving the stock price up. Source: Zhitong Finance The Hong Kong stock market has been volatile recently, and investors should be cautious ### Related Stocks - [06166.HK](https://longbridge.com/en/quote/06166.HK.md) - [06869.HK](https://longbridge.com/en/quote/06869.HK.md) - [00285.HK](https://longbridge.com/en/quote/00285.HK.md) - [00763.HK](https://longbridge.com/en/quote/00763.HK.md) - [03355.HK](https://longbridge.com/en/quote/03355.HK.md) ## Related News & Research - [CIG Shanghai Updates Final Dividend Details and Withholding Tax Arrangements](https://longbridge.com/en/news/286104126.md) - [CIG Shanghai Sets Final 2025 Dividend at RMB 0.28 Per Share](https://longbridge.com/en/news/284416405.md) - [Hisense Home Appliances Deploys RMB1.81 Billion into Chongqing Trust Wealth Products](https://longbridge.com/en/news/286888326.md) - [Is Valeura Energy (TSX:VLE) Balancing Growth Ambitions and Discipline With Its Steady 2026 Plan?](https://longbridge.com/en/news/286679843.md) - [Strix Discloses Trust-Led Share Tender by Non-Executive Director](https://longbridge.com/en/news/286884952.md)