HK Stock Market Move | YOFC (06869) rose by over 10%, with both the quantity and price of fiber optic products increasing. The industry's performance is expected to gradually fulfill.

YOFC (06869) rose more than 10%, as of the time of writing, it increased by 9.76% to HK$231.6, with a turnover of HK$25.26 billion. On the news front, the leading fiber optic stock Hangzhou Cable announced last night that its operating income in the first quarter of 2026 was 2.202 billion yuan, a year-on-year increase of 11.12%; the net profit attributable to shareholders of the listed company was 80.8419 million yuan, a year-on-year increase of 279.96%. The main reason for the performance change is the growth in sales volume of the subsidiary Yongte Information Fiber in the first quarter, and the significant increase in sales prices leading to higher profits. According to previous reports by CCTV Finance, the fiber optic industry has shown a trend of "rising product quantity and price" since the beginning of this year. The head of a fiber optic manufacturing company in Jiangsu told reporters that the sales volume of fiber optic in the first quarter of this year increased nearly five times year-on-year, and the prices have explosively increased; for example, the price of G.657.A2 fiber optic per core kilometer was 32 yuan last year, and this year it has increased to 240 yuan, an increase of 650%. Huaxin Securities believes that Yangtze Optical Fibre And Cable Joint Stock is one of the few companies in China that can develop and produce fiber preforms, fiber optics, and cables on a large scale. The company is the first in China to have the production capacity of fiber preforms, and one of the few companies in the industry that can produce fiber preforms using both PCVD and VAD+OVD processes. Since January this year, the demand for fiber preforms has been continuously exceeding supply, and global production capacity has approached full capacity. The company has ranked first in the world in market share of fiber preforms, fiber optics, and cables for nine consecutive years from 2016 to now, and is expected to benefit deeply from the upward cycle of supply and demand reversal.