On October 8, LIGENT fell 5.54% in regular trading to HK$30.62, with turnover of HK$50.17 million. The decline extends the stock's pullback from its post-IPO high of HK$39.86 reached on September 24, as early gains driven by its AI optical module narrative and Hai Xin Group backing give way to consolidation.

The latest share movement report confirms the issued share capital remains stable at 982,941,500 shares, offering no equity dilution catalyst. Market attention has shifted to fundamental concerns highlighted during the IPO: the company's optical module capacity utilization rate declined to 76.3% at the Jiangmen base in the first half of the year, while the Qingdao base fell to 65.6%, raising questions about the pace of AI-driven demand materializing into sustained earnings growth.

LIGENT is a leading optical communication and connectivity product supplier, developing and manufacturing optical modules, optical chips, and optical network terminals. Its products primarily serve artificial intelligence, cloud computing, FTTx, transport networks, and wireless applications across domestic and overseas markets.