Group 1 - The Hong Kong stock market saw a net inflow of 202.19 billion HKD from northbound trading, with 114.77 billion HKD from the Shanghai Stock Connect and 87.43 billion HKD from the Shenzhen Stock Connect [2] - The most net bought stocks included the Tracker Fund of Hong Kong (02800), Alibaba-W (09988), and Tencent (00700), while the most net sold stocks were Longi Green Energy (601869) and CNOOC (00883) [2][8] - Northbound trading showed significant interest in semiconductor stocks, with Huahong Semiconductor (01347) and SMIC (00981) receiving net purchases of 8.46 billion HKD and 5.73 billion HKD respectively [6] Group 2 - Tencent Holdings (00700) had a net inflow of 22.00 billion HKD, with total trading volume reaching 35.63 billion HKD [3] - Alibaba-W (09988) received a net inflow of 20.13 billion HKD, with a total trading volume of 28.70 billion HKD [3] - Meituan-W (03690) saw a net inflow of 10.35 billion HKD, with a total trading volume of 14.60 billion HKD [3] Group 3 - Huahong Semiconductor reported a fourth-quarter revenue of 659.9 million USD, a significant quarter-on-quarter increase of 22.4%, with a gross margin of 13.0% and a net profit of 34.1 million USD, reversing a previous loss [6] - SMIC also reported strong performance, contributing to the positive sentiment in the semiconductor sector [6] - CNOOC (00883) faced a net outflow of 1.43 billion HKD amid geopolitical tensions and market shifts towards supply-demand dynamics [7]

Group 1 - Tencent Holdings (00700), Alibaba-W (09988), and Meituan-W (03690) ranked as the top three companies in terms of trading volume on the Hong Kong Stock Connect (southbound) on February 13, 2026, with transaction amounts of 4.301 billion, 3.680 billion, and 3.169 billion respectively [1] - Tencent Holdings (00700), Alibaba-W (09988), and Meituan-W (03690) also led the trading volume on the Shenzhen-Hong Kong Stock Connect (southbound) with transaction amounts of 3.563 billion, 2.870 billion, and 1.460 billion respectively [1] Group 2 - The top ten active companies on the Hong Kong Stock Connect (southbound) included Tencent Holdings (00700) with a net buy of 1.426 billion, Alibaba-W (09988) with a net buy of 1.143 billion, and Meituan-W (03690) with a net sell of 0.368 billion [2] - On the Shenzhen-Hong Kong Stock Connect (southbound), Tencent Holdings (00700) had a net buy of 0.837 billion, Alibaba-W (09988) had a net buy of 1.156 billion, and Meituan-W (03690) had a net buy of 0.611 billion [2]

智通财经APP获悉，2月13日港股市场，北水成交净买入202.19亿港元，其中港股通(沪)成交净买入114.77亿港元，港股通 (深)成交净买入87.43亿港元。 北水净买入最多的个股是盈富基金(02800)、阿里巴巴-W(09988)、腾讯(00700)。北水净卖出最多的个股是长飞光纤光缆 (06869)、中海油(00883)。 | 盈富基金 | 11.80亿 | 188.87万 | 11.82亿 | | --- | --- | --- | --- | | HK 02800 | | | +11.78亿 | | 南方恒生 ... | 11.51亿 | 2782.07万 | 11.79 亿 | | HK 03033 | | | +11.24 乙 | | 小米集团-W | 8.00亿 | 2.98亿 | 10.98 亿 | | HK 01810 | | | +5.02 乙 | | 长飞光纤 ... | 4.90亿 | 4.56亿 | 9.461乙 | | HK 06869 | | | +3338.34万 | | :: 洪烟田中 | 3.76亿 | 5.19 乙 | 8.95亿 | | HK 00883 | | | ...

（文章来源：每日经济新闻） 每经AI快讯，2月13日，光纤、CPO等算力硬件股盘初调整，长飞光纤、亨通光电、天孚通信跌超5%， 罗博特科、仕佳光子、太辰光跟跌。 ...

Market Overview - The Hang Seng Index fell by 0.86%, closing at 27,032.54 points, with a total market turnover of 238.705 billion HKD [1] Southbound Trading Data - Tencent Holdings, Xiaomi Group-W, and Meituan-W saw net purchases of 1.429 billion HKD, 1.020 billion HKD, and 0.985 billion HKD respectively [1][2] - WuXi Biologics, Zijin Mining, and Pop Mart experienced net sales of 0.392 billion HKD, 0.346 billion HKD, and 0.301 billion HKD respectively [1][2] Individual Stock Performance - Tencent Holdings had a trading volume of 12.026 billion HKD, with a net buy of 1.429 billion HKD, closing at 535.50 HKD, down by 2.28% [2] - Xiaomi Group-W recorded a trading volume of 27.46 billion HKD, with a net buy of 1.020 billion HKD, closing at 36.52 HKD, down by 1.56% [2] - Meituan-W had a trading volume of 38.31 billion HKD, with a net buy of 0.985 billion HKD, closing at 84.85 HKD, down by 4.50% [2] - Pop Mart had a trading volume of 21.899 billion HKD, with a net sell of 0.301 billion HKD, closing at 252.20 HKD, down by 1.10% [2] - WuXi Biologics had a trading volume of 6.99 billion HKD, with a net sell of 0.392 billion HKD, closing at 41.34 HKD, down by 0.14% [2] - Zijin Mining had a trading volume of 9.64 billion HKD, with a net sell of 0.346 billion HKD, closing at 45.02 HKD, up by 3.45% [2]

Core Viewpoint - The stock price of Yangtze Optical Fibre and Cable (601869) has reached a new high, driven by improvements in the industry fundamentals, the company's technological advantages, capital inflows, and external catalysts [1] Industry Policy and Environment - According to CRU data, the spot price of domestic G.652.D bare optical fiber is expected to rise by 79% month-on-month and 92% year-on-year by January 2026, with a cumulative increase of over 100% since May 2025 [2] - The price increase is primarily driven by a reversal in supply and demand, with tightening supply due to a long capacity expansion cycle for upstream preform rods and manufacturers shifting capacity towards higher-margin products like G.654.E ultra-low loss fibers and G.657.A2 multi-core high-end products, resulting in reduced supply of traditional G.652.D fibers [2] - The demand upgrade is significantly influenced by AI data center construction, which requires high bandwidth and low latency fibers, potentially increasing demand several times compared to traditional data centers, thus driving a surge in demand for high-fiber-count cables [2] - According to Guangfa Securities, the average price of G.652.D fiber has surpassed 40 yuan per core kilometer, reaching a nearly seven-year high [2] Industry Position - Yangtze Optical Fibre is the global leader in the optical fiber and cable market, holding the number one market share in preform rods, optical fibers, and cables for nine consecutive years [3] - The company's technological barriers and large-scale production capacity provide a competitive edge in high-end product markets [3] - The diversification of the company's silicon carbide wafer business, expected to achieve mass production and automotive certification by 2025, enhances long-term growth prospects [3] Capital Situation - There has been significant capital inflow, with approximately 180 million HKD of net inflow on February 12, and trading volume exceeding 1 billion HKD for several consecutive trading days, indicating active market trading [4] - The stock has increased by 128.24% year-to-date, with a cumulative rise of 36.42% over the past five days, and technical indicators such as the MACD histogram show strong buying momentum [4] Recent Events - Meta has signed a fiber agreement worth approximately 6 billion USD with Corning, highlighting the long-term demand for optical fibers driven by AI data centers [5] - The domestic "East Data West Computing" project and significant increases in the procurement volume of G.654.E by operators further solidify the industry's recovery expectations [5]

消息面上，2月11日，近日市场有传闻称，海外CSP大客户正在尝试新的供应链模式，即绕过光模块组装 厂，直接向Lumentum等上游光芯片厂商下单，再由光芯片厂商指定模组厂进行代工。消息引发光模块板 块跳水，中际旭创出面辟谣称：CSP客户直接下单公司，不存在绕过中间层转单情形。 中信建投证券研报显示，北美四家CSP厂商公布2025年四季度财报，资本开支保持强劲增长态势，同时各 家均在电话会上表达了"AI需求旺盛，算力供应紧张"的观点，亚马逊、谷歌、Meta对2026年的资本开支指 引乐观，超市场预期。中信建投认为目前仍处于AI发展的较早阶段，算力基础设施建设适度超前是行业 发展的规律，继续看好海外AI算力链。 2月12日，港股光通信概念股涨幅居前，截至发稿， 涨超9%，股价再创历史新高， 涨超8%， 涨超4%。 | 代碼 | 名稱 | 最新價 | 漲跌幅 ◆ | 成交額 | 總市值 | | --- | --- | --- | --- | --- | --- | | 06869 | 長飛光纖光纜 | 117.200 | +9.02% | 13.64億 | 970.3億 | | 06088 | FIT HON TE ...

南方财经2月12日电，截至发稿，长飞光纤光缆(06869.HK)涨10.42%、汇聚科技(01729.HK)涨6.49%、剑 桥科技(06166.HK)涨2.33%。广发证券发布研报称，根据中国电子元件行业协会，2026年1月，中国市场 G.652.D单模光纤价格平均价格超40元/芯公里，创下近七年来新高，部分厂商报价达到50元/芯公里；1 月单月市场价格涨幅就超过75%。 ...

Core Viewpoint - The optical communication sector is experiencing significant stock price increases, driven by strong capital expenditure growth from North American CSPs and a refutation of supply chain rumors by Zhongji Xuchuang [1] Group 1: Stock Performance - Hongteng Precision (06088) rose by 10.49%, trading at 6.32 HKD - Changfei Fiber Optic Cable (06869) increased by 9.95%, trading at 118.2 HKD - Huiju Technology (01729) saw a rise of 7.3%, trading at 18.51 HKD - Cambridge Technology (06166) grew by 2.91%, trading at 70.75 HKD [1] Group 2: Market Rumors and Responses - Recent rumors suggested that overseas CSP clients are attempting a new supply chain model, bypassing optical module assembly factories to order directly from upstream chip manufacturers like Lumentum [1] - Zhongji Xuchuang publicly denied these rumors, stating that there is no situation of clients directly ordering from the company while bypassing intermediaries [1] Group 3: Capital Expenditure Insights - A report from CITIC Securities indicates that four North American CSPs announced strong capital expenditure growth for Q4 2025 - During earnings calls, these companies expressed a strong demand for AI and noted a tight supply of computing power - Companies like Amazon, Google, and Meta provided optimistic capital expenditure guidance for 2026, exceeding market expectations - CITIC Securities believes that the industry is still in the early stages of AI development, and that the construction of computing infrastructure is appropriately ahead of demand, maintaining a positive outlook on the overseas AI computing chain [1]

来自中国贸易救济信息网消息，2026年1月22日，韩国贸易委员会发布第2026-1号公告（案件调查号23- 2025-1），对原产于中国的单模光纤（Single Mode Optical Fiber）作出反倾销肯定性终裁，建议韩国企 划财政部对江苏亨通光电股份有限公司（Hengtong Optic-Electric Co.， Ltd.）及其关联企业、长飞光纤 光缆股份有限公司（Yangtze Optical Fibre and Cable Joint Stock Limited Company）及其关联企业、杭州 金星通光纤科技有限公司（Hangzhou Jinxingtong Optical Fiber Technology Co.， Ltd.）及其关联企业以 及中国其他生产商/出口商征收为期五年的反倾销税，税率均为43.35%。 2025年9月19日，韩国企划财政部决定自2025年9月19日起至2026年1月18日，对中国涉案产品征收为期4 个月的临时反倾销税。 2025年12月30日，韩国企划财政部发布公告，将中国单模光纤临时反倾销税的期限延长2个月，由2025 年9月19日至2026年1月18日（4个 ...