Movement Alert|YOFC Rises 3.84% in Regular Trading, H1 Profit Forecast Up Over 700% Boosted by International Institutional Buying

Market Focus08-07

On August 7, YOFC rose 3.84% in regular trading, trading at 122.0 HKD/share, with turnover of 3.92 billion HKD. The rally was driven by a stellar half-year earnings forecast and continued accumulation by major international institutions.

The company previously disclosed that it expects H1 net profit attributable to shareholders of approximately RMB 2.4 billion to 3.0 billion, representing a year-over-year increase of 711% to 914%. Non-recurring adjusted net profit is projected at RMB 2.0 billion to 2.6 billion, up 1,349% to 1,784% YoY. Meanwhile, BlackRock raised its H-share long position to 7.55%, and JPMorgan increased its long position to 6.02%. On August 6, a significant position transfer worth HKD 1.633 billion was recorded, involving 12.21 million shares transferred out of BNP Paribas and 8.57 million shares transferred into Citibank.

As the global leader in fiber optic cable manufacturing, YOFC is positioned to benefit from the fiber upcycle and accelerating AI data center construction demand. The company also recently completed acquisition of the remaining 25% stake in YOFC Shanghai and established a RMB 500 million AI-focused investment fund.

(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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