HK Stock Market Move | YOFC (06869) rose over 10% as the increase in both the volume and price of optical fibers drove significant performance growth, with net profit in the first half of the year skyrocketing by 889% year-on-year.

YOFC (06869) rose over 10%, as of the time of writing, up 10.09% to HK$155, with a transaction volume of HK$3.138 billion. In terms of news, YOFC recently announced its mid-term results for 2026, reporting an operating income of approximately 9.809 billion yuan, a year-on-year increase of about 53.6%. Gross profit was about 5.234 billion yuan, a year-on-year increase of 189.7%. The net profit attributable to shareholders of the parent company was approximately 2.9245 billion yuan, a year-on-year increase of 889.0%. The interim dividend is set at 1.06 yuan per share (pre-tax). In the second quarter alone, the company achieved revenue of 6.114 billion yuan, a quarter-on-quarter increase of 65.4%; the net profit attributable to the parent company was 2.430 billion yuan, a quarter-on-quarter increase of 390.7%. Huatai pointed out that the company's revenue and non-recurring profit both achieved significant growth, primarily benefiting from the demand surge for new types of optical fibers and cables driven by the construction of smart computing centers, with both sales volume and average prices increasing. Additionally, the proportion of high value-added products has increased. In Q2, the gross profit margin further rose to 60.52%, confirming the profitability elasticity brought about by the rising prices of optical fibers and the increase in high-end product shipments. With optimism regarding the upward trend in the core optical fiber and cable business, ongoing expansion in overseas markets, and the synergy of diversified businesses such as optical interconnection components, the company's performance is expected to continue growing.