--- title: "Hong Kong Stock Movement: YOFC's quarterly report is positive but met with market indifference, leading to a 12.74% drop in stock price, attracting attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/284676630.md" description: "YOFC fell 12.74%; Cambridge Technology rose 2.74%, with a transaction volume of HKD 1.007 billion; BYD Electronics rose 0.23%, with a transaction volume of HKD 71.89 million; ZTE Corporation fell 1.54%, with a transaction volume of HKD 60.88 million; Feisuke Innovation fell 2.03%, with a market value of HKD 18 billion" datetime: "2026-04-30T02:03:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284676630.md) - [en](https://longbridge.com/en/news/284676630.md) - [zh-HK](https://longbridge.com/zh-HK/news/284676630.md) --- # Hong Kong Stock Movement: YOFC's quarterly report is positive but met with market indifference, leading to a 12.74% drop in stock price, attracting attention **Hong Kong Stock Movement** YOFC fell 12.74%. Based on recent key news: 1. On April 30, YOFC's stock price was pressured after announcing its quarterly results, with operating revenue increasing by 27.7% year-on-year and net profit increasing by 226.4%, but the stock price significantly retracted, having previously dropped 15% to HKD 196.1. Source: Zhitong Finance 2. On April 29, YOFC released its first-quarter results, showing a net profit increase of 226.4% year-on-year, but the market reaction was poor, leading to a decline in stock price. Source: Jinshi Data 3. On April 28, YOFC's controlling shareholder changed to China Digital Logistics Information Co., Ltd., and the market reacted variably to the change in control, causing stock price fluctuations. Source: Caixin News. The optical fiber industry saw both volume and price increases, with an active market. **Stocks with High Trading Volume in the Industry** Cambridge Technology rose 2.74%. Based on recent key news: 1. On April 27, Cambridge Technology released its Q1 2026 financial report, showing operating revenue of HKD 1.287 billion, a year-on-year increase of 43.98%, and net profit of HKD 118 million, a year-on-year increase of 276.44%. This growth was mainly driven by an increase in the shipment volume of core business products, pushing up the stock price. Source: Zhitong Finance 2. On April 28, Cambridge Technology opened down 5.71% in the Hong Kong stock market, but the decline narrowed subsequently, with trading volume significantly increasing, indicating a positive market response to its performance. Source: Huigang Communications 3. On April 28, shareholders and executives of Cambridge Technology reduced their holdings, leading the market to adopt a cautious attitude towards its future stock price performance, resulting in stock price fluctuations. Source: Zhitong Finance. Demand for optical modules is strong, and the industry outlook is optimistic. BYD Electronics rose 0.23%. Based on recent key news: 1. On April 28, BYD Electronics announced its Q1 results, with revenue of HKD 38.183 billion, a year-on-year increase of 3.53%; net profit of HKD 27.83 million, a year-on-year decrease of 95.53%. Exchange rate fluctuations and changes in product structure affected overall gross margin and profit levels. 2. On April 29, a Citigroup research report pointed out that BYD Electronics' Q1 revenue grew by 3.5% year-on-year, but net profit significantly decreased by 95.5% year-on-year. This was mainly affected by exchange rate factors, with gross margin roughly in line with expectations. 3. On April 29, a CLSA research report indicated that BYD Electronics' business is facing short-term resistance, and it is expected that the smart terminal assembly business will face pressure throughout the year, with the target price lowered to HKD 29, maintaining an "outperform" rating. The impact of industry price wars is significant, and exchange rate fluctuations increase risks. ZTE Corporation fell 1.54%. Based on recent key news: 1. On April 27, ZTE Corporation released its Q1 report, with revenue increasing by 6.13% year-on-year, but net profit decreased by 46.58% year-on-year. Financial expenses turned from net income to net expenditure due to exchange rate fluctuations, and impairment provisions increased, while policy-related income declined, affecting profits. Huatai Securities pointed out that the decline in domestic communication infrastructure investment led to a drop in profits, with the revenue structure leaning towards low-margin computing businesses Source: Zhitong Finance On April 28, Goldman Sachs lowered its earnings forecast for ZTE Corporation for 2026 to 2028, reflecting a reduction in gross margin. The target price for Hong Kong stocks was lowered from HKD 40.4 to HKD 37.5, maintaining a "Neutral" rating. Source: Zhitong Finance On April 28, Citigroup maintained a "Neutral" rating for ZTE Corporation, with a target price of HKD 25.4. Revenue growth is driven by new plans such as AI servers, offsetting weakness in the telecommunications network business. Source: Zhitong Finance The pressure of industry transformation is significant, and capital outflow is evident. **Stocks ranked among the top in industry market capitalization** Feisuk Innovation fell 2.03%. Based on recent key news: On April 28, Feisuk Innovation announced that it would distribute a final dividend of HKD 4.93 for every 10 shares on June 30. This news may not have met market expectations, leading to a 2.03% drop in stock price. Source: Zhitong Finance The Hong Kong stock market has been volatile recently, and investors should exercise caution ### Related Stocks - [06869.HK](https://longbridge.com/en/quote/06869.HK.md) - [06166.HK](https://longbridge.com/en/quote/06166.HK.md) - [00285.HK](https://longbridge.com/en/quote/00285.HK.md) - [00763.HK](https://longbridge.com/en/quote/00763.HK.md) - [03355.HK](https://longbridge.com/en/quote/03355.HK.md) ## Related News & Research - [Yangtze Optical Fibre Updates Strategy Committee Mandate to Strengthen Governance](https://longbridge.com/en/news/284599237.md) - [A Look At Yangtze Optical Fibre And Cable (SEHK:6869) Valuation After Strong 2025 Results And Higher Final Dividend](https://longbridge.com/en/news/281733914.md) - [Guardian Exploration Inc. 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