YOFC (HKG: 06869) Issues Positive Profit Alert, Anticipates H1 Net Profit Attributable to Shareholders of Approx. RMB 2.4-3.0 Billion, Up 711% to 914% Year-on-Year

Stock News
Jul 14

The company YOFC (HKG: 06869) has announced its preliminary financial expectations for the first half of 2026.

It is projected to achieve a net profit attributable to shareholders of approximately RMB 2.4 billion to RMB 3.0 billion.

This represents a significant increase of RMB 2.104 billion to RMB 2.704 billion compared to the same period last year, translating to a year-on-year growth rate between 711% and 914%.

The company also expects its non-GAAP net profit for the first half of 2026 to be in the range of RMB 2.0 billion to RMB 2.6 billion, indicating a staggering year-on-year increase of 1,349% to 1,784%.

The strong performance during the reporting period is primarily attributed to the accelerated construction of computing power and data centers.

This has driven sustained growth in demand for new-generation optical fiber and cable products both domestically and internationally, leading to continuous improvement in the industry's supply-demand dynamics.

Leveraging its globally leading industry position, the company has actively seized international market opportunities and vigorously expanded its business related to computing power data centers.

These efforts have resulted in the successful expansion of its core client base, optimization of its product portfolio, and enhancement of its overall profitability, culminating in a substantial year-on-year improvement in operating performance.

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