On August 4, YOFC rose 5.54% in regular trading, trading at 101.0 HKD/share, with turnover of 237 million HKD.
On the news front, the company announced on August 3 that its wholly-owned subsidiary Wuhan YOFC Capital Management plans to invest 170 million yuan as a limited partner in the establishment of YOFC Jiangcheng Intelligent Venture Capital Fund, with a target size of 500 million yuan. The fund will focus on artificial intelligence, high-end manufacturing, semiconductors, and integrated circuits, targeting investments in optoelectronic chips, optical interconnects, optical switching, and humanoid robot supply chains. YOFC Capital will hold a 34% stake in the fund.
This move follows the company's July 30 acquisition of the remaining 25% stake in YOFC Shanghai for 12 million euros and a 650 million yuan increase to its related-party transaction quota, reflecting intensified industrial integration efforts. The communications equipment sector saw broad gains, with peers ZJ Innolight up 7.36% and CIG up 6.32%.
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