Optical Communication Leader's Market Value Drops by 170 Billion Yuan as Shares Plunge Over 19%, Investors Say "I Bought in at Yesterday's Close"

Deep News10-29 13:00

On the morning of October 29, the "Yi Zhong Tian" trio collectively declined. As of press time, Eoptolink Technology Inc (SZSE: 300502) fell over 9%, Zhongji Innolight Co Ltd (SZSE: 300308) dropped more than 6%, and Suzhou TFC Optical Communication Co Ltd (SZSE: 300394) plunged over 19%. Some investors in the TFC Optical Communication stock forum commented: "I bought in at yesterday's close" and "Anyone brave enough to enter today definitely has nerves of steel."

On the news front, Suzhou TFC Optical Communication Co Ltd (SZSE: 300394) disclosed its 2026 third-quarter report on October 28. In the first three quarters, the company achieved operating revenue of 4.751 billion yuan, a year-on-year increase of 21.25%; net profit attributable to shareholders was 2.083 billion yuan, up 42.18% year-on-year; non-GAAP net profit was 2.065 billion yuan, up 44.26% year-on-year. In the third quarter alone, the company recorded operating revenue of 1.923 billion yuan, a year-on-year increase of 31.50% and a quarter-on-quarter increase of approximately 28.4%; net profit attributable to shareholders was 879 million yuan, up 55.30% year-on-year and approximately 23.5% quarter-on-quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment