Stock Track | YOFC Soars 7.02% in Intraday Trading on Strong Earnings and Favorable Industry Trends

Stock Track03-30

YOFC's stock surged 7.02% during Monday's intraday session following the release of its robust annual financial results and positive developments in the optical cable industry.

The company reported annual revenue of RMB 14.252 billion, representing a 16.85% year-on-year increase, with net profit attributable to shareholders reaching RMB 814 million, up 20.40%. The fourth quarter performance was particularly strong, with net profit soaring 234.23% compared to the same period last year.

Industry trends also contributed to the positive sentiment, with recent telecom tender projects showing significant price increases for optical cables. Heilongjiang Telecom's emergency procurement project for 2026 set maximum prices that indicate rising unit costs, while Guangdong Telecom had earlier relaunched a tender with quoted prices more than 100% higher than initial levels.

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