Movement Alert｜YOFC Falls 3.01% in Regular Trading, BlackRock Further Reduces Stake as Post-Earnings Profit-Taking Persists

Market Focus09-03 09:45

On September 3, YOFC fell 3.01% in regular trading, trading at 164.6 HKD/share, with turnover of HKD 657 million. The decline came amid continued institutional selling pressure and high-level profit-taking following a strong earnings-driven rally.

On the news front, BlackRock continued to trim its H-share position, with its latest disclosure showing its stake fell from 7.23% to 6.85% on August 28, extending a pattern of persistent institutional outflows. YOFC had previously reported blockbuster first-half results, with net profit attributable to shareholders surging 889% year-over-year to RMB 2.925 billion, driven by rising fiber optic average selling prices and AI data center demand. Revenue reached RMB 9.809 billion, up 53.6% year-over-year. The stock rallied sharply post-earnings, gaining over 9% on August 27 alone, but has since entered a sustained pullback as profit-taking pressure at elevated levels continues to weigh on the share price.

Goldman Sachs previously raised its target price modestly to HKD 292 while maintaining a Neutral rating, a signal the market interpreted as cautious despite the strong results.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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