Movement Alert|YOFC Rises 3.84% in Regular Trading, Interim Results Review Day Combined with BlackRock Position Increase

Market Focus
Aug 21

On August 21, YOFC rose 3.84% in regular trading, trading at HK$137.7/share, with turnover of HK$400 million.

On the news front, the company's board of directors convened today to review and disclose interim results. The company previously guided H1 net profit attributable to shareholders of approximately RMB 2.4 billion to RMB 3.0 billion, representing a year-over-year increase of 711% to 914%, with the strong earnings now on the verge of formal confirmation. Meanwhile, BlackRock's latest disclosure showed its H-share holding ratio rose to 7.35%, sending a clear institutional accumulation signal that supports near-term market sentiment. Daiwa previously initiated coverage with a Buy rating and a target price of HK$152, citing optimism on the company's optical interconnect business upside potential and its ability to capture overseas AI infrastructure demand.

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