Understanding the Market | YOFC fell over 10% again, the company stated that the hollow core fiber-related business has not yet had a significant impact on financial data

YOFC fell more than 10% again, as of the time of writing, it dropped 9.49%, reported at HKD 46.34, with a transaction volume of HKD 3.549 billion. In terms of news, YOFC announced its interim results, with operating revenue of RMB 6.385 billion in the first half of the year, an increase of 19.4% year-on-year; net profit of RMB 296 million, a decline of 21.7%, and earnings per share of 39 cents. No dividend was declared. Looking solely at the second quarter, total operating revenue was RMB 3.491 billion, an increase of 17.88% year-on-year, while the net profit attributable to the parent company in the second quarter was RMB 144 million, a decrease of 54.96% year-on-year. In addition, the company noted that there has been increased market attention on fiber optic cable products related to computing power data centers, especially hollow-core fibers. Fiber optic cable products related to data centers account for a small proportion of global fiber optic cable demand, among which hollow-core fibers, as cutting-edge products in the industry, have not yet formed large-scale sales or stable pricing and profit levels. The subsequent application scenarios and business development depend on the further maturity of the industry chain, which carries significant uncertainty. Currently, the hollow-core fiber-related business has not yet had a significant impact on the company's financial data