On June 24, Yangtze Optical Fibre and Cable (YOFC) fell 3.25% in regular trading, trading at HK$255.6/share, with turnover of HK$1.34 billion.

On the news front, the company issued an abnormal trading announcement on the evening of June 23 after its A-shares recorded two consecutive daily limit-up closings. The announcement warned that while the global fiber optic cable industry is in an upcycle, the magnitude of price fluctuations for certain products remains uncertain, and the impact on company performance must be assessed in conjunction with market conditions and business structure.

The decline follows a sharp rally earlier this week, when YOFC surged over 30% in a single session on June 22, driven by Japanese fiber supplier Fujikura raising its earnings guidance and announcing a 30% price increase on DCI interconnect cables amid surging North American AI data center demand. The company reported Q1 revenue of RMB 3.695 billion (up 27.7% YoY) and net profit growth of 226.4% YoY, with gross margin improving to 41.51%. Short-term profit-taking pressure has become evident following the rapid appreciation. Peer ZTE declined 0.25% today, showing sector divergence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)