--- title: "Hong Kong Stock Movement: ZJ INNOLIGHT falls 10%: Cash flow in the semi-annual report drops 44%, concerns arise from Bank of New York Mellon reducing holdings" type: "News" locale: "en" url: "https://longbridge.com/en/news/296727756.md" description: "ZJ INNOLIGHT fell 10.00%; Yangtze Optical Fibre and Cable fell 0.21%, with a transaction amount reaching HKD 1.725 billion; Cambridge Technology fell 4.88%, with a transaction amount reaching HKD 255 million; ZTE Corporation fell 1.93%, with a transaction amount reaching HKD 89.73 million; Feisuke Innovation fell 5.09%, with a market value of HKD 15 billion" datetime: "2026-08-24T02:42:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296727756.md) - [en](https://longbridge.com/en/news/296727756.md) - [zh-HK](https://longbridge.com/zh-HK/news/296727756.md) generator: "portal-rs" --- # Hong Kong Stock Movement: ZJ INNOLIGHT falls 10%: Cash flow in the semi-annual report drops 44%, concerns arise from Bank of New York Mellon reducing holdings **Hong Kong Stock Movement** ZJ INNOLIGHT fell 10%. Based on recent key news: 1. On August 19, Bank of New York Mellon reduced its holdings in ZJ INNOLIGHT's H shares, decreasing its stake from 6.78% to 4.97%, leading to weakened market confidence in the company and a drop in stock price. 2. On August 21, ZJ INNOLIGHT released its semi-annual report. Despite significant growth in revenue and net profit, cash flow conditions did not improve, with net cash flow from operating activities decreasing by 44.08% year-on-year, raising market concerns. 3. On August 21, global optical module leader ZJ INNOLIGHT announced a cash dividend of HKD 12 for every 10 shares. Despite impressive performance, shareholder reductions and shaken market confidence affected the stock price. The optical module industry has strong demand, but risks need to be monitored. **Stocks with High Trading Volume in the Industry** Changfei Fiber Optic Cable fell 0.21%. Based on recent key news: 1. On August 21, Changfei Fiber Optic released its semi-annual report, with revenue of CNY 9.809 billion, a year-on-year increase of 53.64%, and net profit of CNY 2.925 billion, a year-on-year increase of 888.88%. The growth in performance is mainly attributed to the accelerated construction of AI computing power data centers, driving demand for fiber optic cables. Source: 21st Century Business Herald 2. On August 23, Changfei Fiber Optic announced its interim results, with net profit growth of 889% and earnings per share of CNY 3.56, declaring an interim dividend of CNY 1.06. Gross margin increased to 53.4%, while financial expenses rose by 144.4% due to foreign exchange losses. Source: Viewpoint Network 3. On August 24, Changfei Fiber Optic announced an H-share incentive plan, targeting directors and senior management, which requires approval from the shareholders' meeting. This move aims to enhance management incentives and long-term shareholder returns. Source: Zhitong Finance. The demand in the fiber optic industry is growing, with AI driving market activity. Cambridge Technology fell 4.88%, with a trading volume of HKD 255 million, and there has been no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. ZTE Corporation fell 1.93%. Based on recent key news: 1. On August 24, ZTE Corporation announced its interim results, with a net profit of CNY 2.75 billion, a year-on-year decrease of 45.6%. Despite a 9% increase in revenue, domestic market revenue decreased, and gross margin declined, putting pressure on the stock price. Source: Economic Information Daily 2. On August 21, ZTE Corporation stated that the decline in domestic operators' investment in communication infrastructure affected revenue from wireless and wired network products. The company is responding by focusing on cutting-edge technologies like 6G and expanding into international markets. Source: Jinshi Data 3. On August 21, ZTE Corporation released its semi-annual report, with computing power revenue increasing by over 55% year-on-year and international market revenue growing by 33.1%, but gross margin pressure affected overall profitability. Source: DoNews. AI industry demand is growing, and market competition is intense **Stocks Ranked Among the Top in Market Capitalization** FeiSu Innovation fell by 5.09%. Based on recent news, 1. On August 21, the Hang Seng Index Company announced the results of its quarterly review, and FeiSu Innovation was included in the Hang Seng Composite Index. This news may trigger market expectations for its future performance, leading to stock price fluctuations. 2. On August 20, FeiSu Innovation completed the acquisition of 100% equity in Shanghai Boda Data Communication Co., Ltd. This acquisition is expected to enhance the company's product variety, research and development, and production capacity, strengthen supply chain resilience, and improve its ability to provide integrated network solutions to global customers. 3. There is recent uncertainty in the overall performance of technology stocks in the market, which may affect FeiSu Innovation's stock price. 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