HK Stock Market Move | YOFC(06869) is now up more than 4%. The guidelines for data infrastructure construction have been released, and operators are expected to start a new round of optical cable bidding.

YOFC (06869) is currently up more than 4%, as of the time of writing, it has increased by 4.17%, trading at 12.5 Hong Kong dollars with a transaction amount of 27.02 million Hong Kong dollars. On the news front, the National Development and Reform Commission, the National Bureau of Statistics, and the Ministry of Industry and Information Technology jointly issued the "Guidelines on the Construction of National Data Infrastructure," focusing on the concepts, development vision, construction goals, and other contents of data infrastructure, making clear plans for the construction of national data infrastructure in China in the next five years. Zhongtai pointed out that from 2018 to 2024, China Mobile's utilization of common cables has been put out for bids 5 times, with the actual years of use for optical cables being 6 years. The unit price and average annual usage amount for the 5th bidding show a steady upward trend. The demand for interconnection between national computing power hubs and direct connections to DCI are expected to be released, coupled with the low-altitude economy driving the demand for 5G-A construction, operators are expected to start a new round of bidding for optical cables, with the unit price and average annual usage amount expected to continue to improve.