FiberHome Telecommunications has released a statement addressing unusual fluctuations in its stock price. The company observed that the cumulative deviation in the closing price of its A-shares over two consecutive trading days has surpassed 20%, signaling abnormal market volatility. FiberHome Telecommunications primarily specializes in the integration of information technology and communication technology, offering optical communication products and services across various industries. Throughout the reporting period, there have been no significant alterations to its core business operations. It is important to note that the company does not engage in the manufacturing of satellites for commercial space endeavors. Moreover, the revenue generated from its low-orbit satellite-based routing and inter-satellite laser communication businesses represents a negligible portion, accounting for less than 1% of its total operating revenue, and thus has a minimal impact on its overall profitability.
