YOFC (06869) Shareholder Transfers Stock from HSBC to Citibank, Portfolio Value at HK$21.21 Billion

Stock News05-12

According to the latest data from the Hong Kong Stock Exchange, on May 11, a shareholder of YOFC (06869) transferred shares from HSBC to Citibank, involving a portfolio value of HK$21.21 billion, representing 2.05% of the company's shares. Huatai Securities noted that the company's Q1 profit growth significantly outpaced revenue growth, primarily due to a substantial improvement in gross margin. In Q1 2026, fiber optic prices showed a month-on-month upward trend, and the company's delivery structure during the reporting period still included some low-priced long-term agreements/centralized procurement orders. With high-priced orders set to be recognized collectively starting in Q2, there is optimism that profit elasticity may accelerate. It is anticipated that, driven by both the rising demand in the core fiber optic cable business and diversified operations such as optical interconnect components, the company's performance is expected to see significant enhancement.

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