On May 22, Yangtze Optical Fibre and Cable (06869.HK) rose 4.37% in regular trading, trading at 228.0 HKD/share, with trading volume of 502 million HKD. The stock continued its strong momentum driven by explosive global fiber optic demand and sharp price increases across the industry.

On the news front, China's fiber optic and optical cable exports grew at double-digit rates in Q1, with multiple manufacturers reporting order backlogs extending through 2028. Notably, specialty fiber products (G.657.A2) saw shipping prices surge 10x within one year while remaining in short supply. Orders grew 4x year-over-year, with customers required to pay deposits upfront to secure factory capacity. Industry data shows China's G.652.D bare fiber spot prices reached 83.40 yuan per fiber-km in March, up 418% year-over-year.

Huatai Securities noted that fiber prices climbed steadily throughout Q1, but the company's delivery mix still contained some lower-priced long-term agreement orders. As higher-priced orders begin concentrating in Q2 revenue recognition, profit elasticity is expected to accelerate. The brokerage is optimistic about significant earnings growth driven by both rising core fiber cable business prosperity and diversification into optical interconnect components.

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