HK Stock Market Move | YOFC (06869) rose by more than 8% and broke through the ceiling. The market is enthusiastic about hollowcore optical fiber. The company stated that the relevant business has not yet had a significant impact on financial data.

YOFC (06869) rose more than 8% in the morning session, reaching a high of HK$62, setting a new historical high. As of the time of writing, the stock has risen 7.49% to HK$61, with a turnover of HK$5.13 billion. In terms of news, Yangtze Optical Fibre And Cable Joint Stock issued an announcement regarding the abnormal fluctuations in the stock trading. The company noticed the recent market attention on fiber optic cable products related to computing power data centers, especially on hollow core optical fibers. Currently, the proportion of fiber optic cable products related to data centers in the global demand for fiber optic cables is relatively small, with hollow core optical fibers as an industry-leading product still in the early stages of application, without a large-scale sales or stable price and profit level, and further business development depends on the maturity of the industry chain. Currently, the business related to hollow core optical fibers has not had a significant impact on the company's financial data. Investors are advised to pay attention to the investment risks, make rational decisions, and invest prudently. ABC Securities previously pointed out that hollow core optical fibers have strong performance advantages in the data center field and are expected to benefit from long-term data center infrastructure investments. It is recommended to pay attention to the core supplier of hollow core optical fibers, Yangtze Optical Fibre And Cable Joint Stock. Yangtze Optical Fibre And Cable Joint Stock has the raw materials and technological processes for manufacturing hollow core optical fibers, with a single fiber length exceeding 20 kilometers and polarization mode dispersion control reaching international leading levels. Yangtze Optical Fibre And Cable Joint Stock has set multiple world records in the commercial field of hollow core optical fibers through cooperation with the three major operators.