HK Stock Market Move | YOFC (06869) rose by more than 5% in the first quarter, with the fiber optic market showing strong growth. The company's profits saw a significant increase in the fourth quarter of last year.

YOFC(06869) rose more than 5%, as of the time of publication, it rose by 5.06% to HKD 195.3, with a turnover of HKD 15.86 billion. On the news front, according to the optical communication public account, in the first quarter of 2026, the domestic G.652.D optical fiber market continued to rise strongly, with prices hitting new highs repeatedly, and the market supply and demand contradiction deepening. Unlike the relatively transparent market environment in the past, after the Spring Festival, optical fiber prices once showed a significant characteristic of "a different price every day", reflecting the severity of the current supply and demand imbalance. It is worth noting that the emergency procurement announcement of Heilongjiang Telecom in March showed that the highest limit price of GYTA-24 core fiber optic cable has exceeded 100 yuan per core kilometer, nearly 50% higher than the previous second round bid price of Guangdong Telecom, but the announcement was suspended one day after its release. Yangtze Optical Fibre And Cable Joint Stock achieved revenue of 14.252 billion yuan in 2025, a year-on-year increase of 16.85%, with a net profit attributable to the parent company of 814 million yuan, a year-on-year increase of 20.40%. In Q4, it achieved a net profit attributable to the parent company of 344 million yuan, a year-on-year increase of 234.23%. Huatai pointed out that the company's profit in Q4 has significantly increased year-on-year, with a quarterly gross profit margin of 35.7%, reaching a new high since its listing. With optimism about the rise in the prosperity of the optical fiber and cable main business and the dual drive of diversified businesses such as optical interconnection components, the company's performance is expected to see a significant increase.