YOFC (06869) surged 5.24% in intraday trading on Monday, extending its rally as investors reacted to a blockbuster half-year earnings forecast and continued institutional accumulation.

The company had previously guided that its H1 net profit attributable to shareholders would land between RMB 2.4 billion and RMB 3.0 billion, representing year-over-year growth of 711% to 914%. Non-GAAP net profit is projected at RMB 2.0 billion to RMB 2.6 billion, jumping 1,349% to 1,784% from a year earlier. On the institutional front, BlackRock raised its long position in YOFC H-shares to 7.55%, while JPMorgan increased its stake to 6.02%. Southbound capital also recorded three consecutive days of net purchases totaling HK$1.319 billion.

Additionally, YOFC recently acquired the remaining 25% stake in YOFC Shanghai for EUR 12 million, achieving full ownership and strengthening its upstream-downstream integration. Analysts note that as a global fiber optic cable leader, YOFC is well-positioned to benefit from the fiber upcycle and accelerating AI data center construction demand.