Hong Kong Stock Movement: PUTIAN COMM rose 15.34%

Hong Kong Stock Movement Stocks with High Trading Volume in the Industry China Fiber Optic Network, down 0.42%, with a trading volume of HKD 1.012 billion. Based on recent important news: On September 19, China Fiber Optic Network issued a stock trading risk warning, stating that the company's fundamentals have not changed significantly, but the price-to-earnings ratio is too high, posing risks. The company's net profit in the first half of the year fell by 21.71%, and there is uncertainty in operational performance. On September 19, Draka Comteq B.V. sold 37.595 million H shares through block trading on the Hong Kong Stock Exchange, accounting for 5% of the total share capital, leading to stock price fluctuations. On September 19, South Korea decided to impose a temporary anti-dumping tax of 43.35% on single-mode optical fibers originating from China, negatively impacting the company's export business. The overall industry performance is poor, and macroeconomic data is weak. BYD Electronics fell 3.26%. According to recent important news: On September 22, Goldman Sachs lowered the target price for BYD Electronics by 3.5% to HKD 53.08, due to a weak smartphone market and intense competition in the automotive market, leading to suppressed growth for the company. Goldman Sachs expects a 35% revenue growth in the second half of 2025 but has lowered net profit forecasts for 2025 to 2027. Source: Zhitong Finance On September 22, Caitong Securities gave BYD Electronics an "overweight" rating, reflecting market confidence in its long-term diversified layout. Source: Zhitong Finance. The electronic manufacturing industry is highly competitive, with significant market volatility. ZTE Corporation fell 6.85%, with a trading volume of HKD 710 million. Based on recent key news: On September 20, ZTE Corporation announced an international patent application titled "Drone Control Method, Communication Device, and Storage Medium," with an international publication date of September 11, 2025. So far this year, ZTE Corporation has announced 842 international patent applications, a decrease of 12.56% compared to the same period last year. This news may raise market concerns about the company's reduced R&D investment, leading to a drop in stock price. Data source: Qichacha On September 20, the 2025 World Manufacturing Conference opened in Hefei, Anhui, where ZTE Corporation was listed among the top 10 in R&D intensity among the 500 strongest manufacturing enterprises in China for 2025. Although this honor demonstrates the company's R&D strength, it failed to offset the negative sentiment in the market regarding its reduced patent applications. Data source: China Enterprise Confederation On September 19, ZTE Corporation reported a total of 446,797 shareholders, including 446,503 A-share shareholders and 294 H-share shareholders. Changes in the number of shareholders may reflect differing market views on the company's prospects, further exacerbating stock price fluctuations. Data source: ZTE Corporation Secretary. The overall industry performance is stable, with limited impact from macroeconomic data