---
title: "理解市場 | 長飛光纖光纜再跌超 4% 較 9 月高點已跌四成 光纖量價齊跌及股東清倉拖累股價"
description: "長飛光纖光纜股價再跌超 4%，盤中低見 38.5 港元，較 9 月高點 65 港元已跌超 40%。截至發稿，股價報 38.88 港元，成交額 5.82 億港元。野村研報指出，中國移動光纖招標結果顯示長飛光纖市場份額及售價下跌，預計將對盈利構成壓力，評級由 “買入” 下調至 “中性”，目標價上調至 52 港元。同時，Draka Comteq B.V.通過大宗交易減持長飛光纖 3759.53 萬股 H"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/261541339.md"
published_at: "2025-10-17T03:01:02.000Z"
---

# 理解市場 | 長飛光纖光纜再跌超 4% 較 9 月高點已跌四成 光纖量價齊跌及股東清倉拖累股價

> 長飛光纖光纜股價再跌超 4%，盤中低見 38.5 港元，較 9 月高點 65 港元已跌超 40%。截至發稿，股價報 38.88 港元，成交額 5.82 億港元。野村研報指出，中國移動光纖招標結果顯示長飛光纖市場份額及售價下跌，預計將對盈利構成壓力，評級由 “買入” 下調至 “中性”，目標價上調至 52 港元。同時，Draka Comteq B.V.通過大宗交易減持長飛光纖 3759.53 萬股 H 股。

智通財經 APP 獲悉，長飛光纖光纜 (06869) 再跌超 4%，盤中低見 38.5 港元，較 9 月份高點 65 港元已跌超 40%。截至發稿，跌 4.33%，報 38.88 港元，成交額 5.82 億港元。

消息面上，野村此前發佈研報稱，中國移動近月公佈的光纖招標結果顯示，長飛光纖的市場份額及平均售價均有下跌，或自今年第三季度起對盈利構成壓力。該行認為股價已反映 AI 業務擴張的利好因素，將評級由 “買入” 下調至 “中性”，目標價則由 18.6 港元大幅上調至 52 港元。

值得注意的是，9 月 19 日，Draka Comteq B.V.通過大宗交易出售長飛光纖光纜 3759.53 萬股 H 股，佔總股本 5%，減持後 H 股數量為零。據悉，截至今年 3 月底，DrakaComteqB.V.和中國華信郵電科技有限公司並列長飛光纖第一大股東，持股比例都是 23.73%。4 月 17 日至 9 月 19 日，Draka Comteq B.V.累計減持長飛光纖 H 股近 1.8 億股，佔公司總股本的 23.73%。

### Related Stocks

- [601869.CN - 長飛光纖](https://longbridge.com/zh-HK/quote/601869.CN.md)
- [06869.HK - 長飛光纖光纜](https://longbridge.com/zh-HK/quote/06869.HK.md)

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