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Yangtze Optical Fibre Sees Up to 914% Surge in H1 Profit

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Yangtze Optical Fiber And Cable (HKG:6869, SHA:601869) expects attributable net profit of 2.40 billion yuan to 3.00 billion yuan for the six months ended June 30, up 711% to 914% from 296 million yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.

The company attributed the expected growth to rising demand for new optical fiber and cable products driven by the expansion of computing power data centers, as well as growth in its overseas business, an improved product mix, and higher profitability.

Hong Kong-listed shares of the Chinese cable manufacturer were up 5% in Wednesday morning trade.

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