YOFC (Yangtze Optical Fibre and Cable) stock plummeted 5.05% during intraday trading on Friday, continuing a recent pullback trend.

Despite the company reporting strong annual results with revenue up 16.8% and net profit rising 20.4%, the stock has surged over 200% year-to-date driven by AI datacenter demand for fiber optic products. The recent decline appears to reflect profit-taking after this substantial rally. Additionally, the company has cautioned investors that new fiber products related to datacenters currently account for a relatively small share of total global demand, urging rational decision-making.