--- title: "Hong Kong Stock Movement: CIG rises 15.92%, strong financial report and insurance capital increase boost stock price surge" type: "News" locale: "en" url: "https://longbridge.com/en/news/284506024.md" description: "CIG rose 15.92%; Yangtze Optical Fibre and Cable Joint Stock Limited Company rose 1.68%, with a transaction amount reaching HKD 3.58 billion; BYD Electronics rose 1.14%, with a transaction amount reaching HKD 497 million; ZTE Corporation rose 1.55%, with a transaction amount reaching HKD 365 million; Feisuke Innovation fell 0.22%, with a market value of HKD 18.4 billion" datetime: "2026-04-29T06:31:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284506024.md) - [en](https://longbridge.com/en/news/284506024.md) - [zh-HK](https://longbridge.com/zh-HK/news/284506024.md) --- # Hong Kong Stock Movement: CIG rises 15.92%, strong financial report and insurance capital increase boost stock price surge **Hong Kong Stock Movement** CIG rose 15.92%. Based on recent key news: 1. On April 27, CIG released its Q1 2026 financial report, with operating revenue increasing by 43.98% year-on-year and net profit increasing by 276.44% year-on-year. After the financial report was released, Hong Kong stocks surged in the late trading session, rising over 9%. 2. On April 28, insurance funds and social security funds increased their holdings in CIG, while shareholders and executives reduced their holdings at high levels. CIG's A-shares have increased by as much as 361.08% in the past year, while H-shares have risen by 119.47%. 3. On April 27, CIG announced that the scale of its high-speed optical module business has increased, driving performance growth. The company will strengthen accounts receivable management and cash flow coordination, accelerating the expansion of production capacity both domestically and internationally. The demand in the optical module industry is strong, leading to significant performance growth for CIG. **Stocks with High Trading Volume in the Industry** Yangtze Optical Fibre and Cable rose 1.68%. 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, which drove the price up. Data from Huigang Communications. 2. On April 27, ZTE Corporation announced a 46.58% year-on-year decline in net profit, but a 6.13% increase in revenue. Yangtze Optical Fibre and Cable benefited from the overall rise in telecommunications equipment stocks, with the stock price rising to HKD 242.8. Data from Huigang Communications. 3. On April 26, Huatai Securities' research report pointed out that the global optical fibre and cable market is experiencing a resonance of volume and price. As an industry leader, Yangtze Optical Fibre and Cable has stronger bargaining power, driving the stock price up. Data from Huatai Securities. The optical fibre market is experiencing a resonance of volume and price, extending the industry's prosperity cycle. BYD Electronics rose 1.14%. Based on recent key news: 1. On April 28, BYD Electronics announced its Q1 performance, with revenue increasing by 3.53%, but net profit significantly decreased by 95.53%, mainly affected by exchange rate fluctuations leading to foreign exchange losses, and changes in product structure also put pressure on overall gross margin and profit levels. This news caused stock price fluctuations. 2. On April 29, a Citigroup research report indicated that BYD Electronics' Q1 performance was below investor expectations, mainly due to foreign exchange factors, and it is expected that Q2 performance will still face pressure, with the stock price likely to remain sluggish. 3. On April 29, a Lyon research report stated that BYD Electronics' business faces short-term resistance, with profit forecasts downgraded and the target price lowered to HKD 29, maintaining an "outperform the market" rating. The industry faces risks from exchange rate fluctuations. ZTE Corporation rose 1.55%. Based on recent key news: 1. On April 27, ZTE Corporation announced a 46.58% year-on-year decline in Q1 net profit, but a 6.13% increase in revenue. The stock price initially fell and then rose, ultimately increasing by 5.4%. Financial expenses turned into net expenditures due to exchange rate fluctuations, affecting profits. Source: Zhitong Finance. 2. On April 28, ZTE Corporation collaborated with China Unicom to complete the 800G transmission capability verification project, enhancing market confidence. The project successfully achieved stable operation over a transmission distance of 300 km Source: Jin10 Data On April 28, BlackRock increased its stake in ZTE Corporation H shares to 7.1%, demonstrating institutional confidence in its future development. Source: Hong Kong Stock Exchange disclosed that the telecommunications industry is facing pressure from declining capital expenditures. **Stocks ranked at the top of the industry market capitalization** FeiSu Innovation fell by 0.22%. Based on recent key news: On April 28, FeiSu Innovation announced that it will distribute a final dividend of HKD 4.93 for every 10 shares on June 30. This news may have a short-term impact on the stock price, as investors' expectations for dividend distribution may lead to price fluctuations. 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