Fujian Star Net Communic vs Hengtong Optic Electric: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Fujian Star Net Communic Ltd (002396.CS)

Q3 202613 Jul – 28 Aug 2026

▲3

Star-Net Ruijie rides AI data-centre switch boom to profit surge

H1 profit guidance up 46-103% on data-centre switches The company told the market first-half 2026 net profit should rise 46-103% year on year, driven by a sharp jump in data-centre switch sales to internet customers. That is the core reason the stock has been bid up, and it also warned rising chip prices could squeeze margins.
This is the fundamental earnings driver behind the stock's rise.
IPv6 push adds a second demand tailwind Beijing launched a one-year drive to make AI large models fully IPv6-capable, and industry estimates put IPv6-related hardware and upgrade spending above 300 billion yuan through 2030. As an IPv6 equipment supplier, Star-Net Ruijie stands to win orders, and leveraged funds have already been buying the stock.
A new policy-driven demand source that supports future revenue.
Buys 46% of Guangzhou Xinde for 396 million yuan Star-Net Ruijie will pay 396 million yuan cash to lift its stake in optical-access maker Guangzhou Xinde to 67%, making it a subsidiary. Xinde earned 66 million yuan in 2025 and promises at least 75 million in 2026, so the deal should add to group profit and fits the optical business.
A concrete capital move that adds earnings and strategic fit.
Interim profit up 76%, but cash flow turns sharply negative First-half revenue rose 20.7% to 10.7 billion yuan and net profit jumped 75.9% to 373 million yuan, a fifth straight year of growth. However, operating cash flow was negative 3.57 billion yuan, far worse than a year earlier, a real counterweight investors should watch.
Confirms strong earnings but flags a genuine cash-flow risk.

August 202613 Jul – 28 Aug 2026

▲3

Star-Net Ruijie rides AI data-centre switch boom to profit surge

H1 profit guidance up 46-103% on data-centre switches The company told the market first-half 2026 net profit should rise 46-103% year on year, driven by a sharp jump in data-centre switch sales to internet customers. That is the core reason the stock has been bid up, and it also warned rising chip prices could squeeze margins.
This is the fundamental earnings driver behind the stock's rise.
IPv6 push adds a second demand tailwind Beijing launched a one-year drive to make AI large models fully IPv6-capable, and industry estimates put IPv6-related hardware and upgrade spending above 300 billion yuan through 2030. As an IPv6 equipment supplier, Star-Net Ruijie stands to win orders, and leveraged funds have already been buying the stock.
A new policy-driven demand source that supports future revenue.
Buys 46% of Guangzhou Xinde for 396 million yuan Star-Net Ruijie will pay 396 million yuan cash to lift its stake in optical-access maker Guangzhou Xinde to 67%, making it a subsidiary. Xinde earned 66 million yuan in 2025 and promises at least 75 million in 2026, so the deal should add to group profit and fits the optical business.
A concrete capital move that adds earnings and strategic fit.
Interim profit up 76%, but cash flow turns sharply negative First-half revenue rose 20.7% to 10.7 billion yuan and net profit jumped 75.9% to 373 million yuan, a fifth straight year of growth. However, operating cash flow was negative 3.57 billion yuan, far worse than a year earlier, a real counterweight investors should watch.
Confirms strong earnings but flags a genuine cash-flow risk.

Latest13 Jul – 28 Aug 2026

▲3

Star-Net Ruijie rides AI data-centre switch boom to profit surge

H1 profit guidance up 46-103% on data-centre switches The company told the market first-half 2026 net profit should rise 46-103% year on year, driven by a sharp jump in data-centre switch sales to internet customers. That is the core reason the stock has been bid up, and it also warned rising chip prices could squeeze margins.
This is the fundamental earnings driver behind the stock's rise.
IPv6 push adds a second demand tailwind Beijing launched a one-year drive to make AI large models fully IPv6-capable, and industry estimates put IPv6-related hardware and upgrade spending above 300 billion yuan through 2030. As an IPv6 equipment supplier, Star-Net Ruijie stands to win orders, and leveraged funds have already been buying the stock.
A new policy-driven demand source that supports future revenue.
Buys 46% of Guangzhou Xinde for 396 million yuan Star-Net Ruijie will pay 396 million yuan cash to lift its stake in optical-access maker Guangzhou Xinde to 67%, making it a subsidiary. Xinde earned 66 million yuan in 2025 and promises at least 75 million in 2026, so the deal should add to group profit and fits the optical business.
A concrete capital move that adds earnings and strategic fit.
Interim profit up 76%, but cash flow turns sharply negative First-half revenue rose 20.7% to 10.7 billion yuan and net profit jumped 75.9% to 373 million yuan, a fifth straight year of growth. However, operating cash flow was negative 3.57 billion yuan, far worse than a year earlier, a real counterweight investors should watch.
Confirms strong earnings but flags a genuine cash-flow risk.

Hengtong Optic Electric Co Ltd (600487.CG)

Q3 20269 Jul – 27 Aug 2026

▲3▼1

Hengtong's AI-fibre boom confirmed by strong H1 results and new marine contract

State Council plan boosts UHV demand Beijing's 15th Five-Year carbon plan speeds up ultra-high-voltage power corridors, adding over 80 gigawatts of west-to-east transmission. Hengtong makes UHV transmission equipment, so more grid spending means more orders and supports its shares.
New government policy directly lifts demand for a core Hengtong product line.
Fibre capacity expansion fears hit sector Optical fibre stocks, including Hengtong, fell by their daily limit as investors worried that a wave of new factory capacity could recreate the industry's old boom-bust cycle. Insiders say new capacity faces hurdles, but the oversupply fear is a real risk to prices.
It is the main counterweight to the bullish AI-fibre story and explains sharp share-price weakness.
H1 profit jumps 93%, optical revenue up 130% Hengtong's first-half net profit rose 93.38% to 3.12 billion yuan, with optical communications revenue up over 130% on AI and data-centre spending. The actual results confirm the strong profit forecast and show the AI-driven fibre boom is real.
It is the period's key hard number proving earnings power behind the stock.
New marine energy contract and Nvidia AI demand Hengtong was preliminarily picked for a 1.831 billion yuan marine energy project, adding a fresh revenue stream. Separately, Nvidia's blowout earnings and CPO mass production lifted AI-infrastructure sentiment, benefiting optical fibre suppliers like Hengtong.
These are the newest demand signals extending Hengtong's growth beyond its core fibre business.

August 20269 Jul – 27 Aug 2026

▲3▼1

Hengtong's AI-fibre boom confirmed by strong H1 results and new marine contract

State Council plan boosts UHV demand Beijing's 15th Five-Year carbon plan speeds up ultra-high-voltage power corridors, adding over 80 gigawatts of west-to-east transmission. Hengtong makes UHV transmission equipment, so more grid spending means more orders and supports its shares.
New government policy directly lifts demand for a core Hengtong product line.
Fibre capacity expansion fears hit sector Optical fibre stocks, including Hengtong, fell by their daily limit as investors worried that a wave of new factory capacity could recreate the industry's old boom-bust cycle. Insiders say new capacity faces hurdles, but the oversupply fear is a real risk to prices.
It is the main counterweight to the bullish AI-fibre story and explains sharp share-price weakness.
H1 profit jumps 93%, optical revenue up 130% Hengtong's first-half net profit rose 93.38% to 3.12 billion yuan, with optical communications revenue up over 130% on AI and data-centre spending. The actual results confirm the strong profit forecast and show the AI-driven fibre boom is real.
It is the period's key hard number proving earnings power behind the stock.
New marine energy contract and Nvidia AI demand Hengtong was preliminarily picked for a 1.831 billion yuan marine energy project, adding a fresh revenue stream. Separately, Nvidia's blowout earnings and CPO mass production lifted AI-infrastructure sentiment, benefiting optical fibre suppliers like Hengtong.
These are the newest demand signals extending Hengtong's growth beyond its core fibre business.

Latest9 Jul – 27 Aug 2026

▲3▼1

Hengtong's AI-fibre boom confirmed by strong H1 results and new marine contract

State Council plan boosts UHV demand Beijing's 15th Five-Year carbon plan speeds up ultra-high-voltage power corridors, adding over 80 gigawatts of west-to-east transmission. Hengtong makes UHV transmission equipment, so more grid spending means more orders and supports its shares.
New government policy directly lifts demand for a core Hengtong product line.
Fibre capacity expansion fears hit sector Optical fibre stocks, including Hengtong, fell by their daily limit as investors worried that a wave of new factory capacity could recreate the industry's old boom-bust cycle. Insiders say new capacity faces hurdles, but the oversupply fear is a real risk to prices.
It is the main counterweight to the bullish AI-fibre story and explains sharp share-price weakness.
H1 profit jumps 93%, optical revenue up 130% Hengtong's first-half net profit rose 93.38% to 3.12 billion yuan, with optical communications revenue up over 130% on AI and data-centre spending. The actual results confirm the strong profit forecast and show the AI-driven fibre boom is real.
It is the period's key hard number proving earnings power behind the stock.
New marine energy contract and Nvidia AI demand Hengtong was preliminarily picked for a 1.831 billion yuan marine energy project, adding a fresh revenue stream. Separately, Nvidia's blowout earnings and CPO mass production lifted AI-infrastructure sentiment, benefiting optical fibre suppliers like Hengtong.
These are the newest demand signals extending Hengtong's growth beyond its core fibre business.