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HKG:6869

7 stories mentioning HKG:6869Updated 9d ago

Every FINWIRES story that references HKG:6869, newest first.

Asia

Yangtze Optical Fibre to Buy Remaining Stake in Shanghai Unit for EUR12 Million

Yangtze Optical Fiber and Cable Joint Stock Company (HKG:6869) agreed to acquire the remaining 25% stake in YOFC Shanghai from Draka Comteq B.V. for 12 million euros in cash, according to a Thursday Hong Kong bourse filing.Upon completion, YOFC Shanghai will become a wholly-owned subsidiary of the company, and its financial results will be consolidated into the group's financial statements.YOFC said the acquisition will strengthen its optical communications business by integrating upstream and downstream production capacity and improving its ability to meet market demand.The purchase will be funded from internal resources and remains subject to regulatory registrations and completion procedures.Shares of the cable manufacturer were up nearly 9% in Friday's midday trade.

HKG:6869SHA:601869
Asia

Yangtze Optical Fibre Increases Related-Party Transaction Quota by 650 Million Yuan Amid AI Demand

Yangtze Optical Fibre and Cable (SHA:601869) disclosed a 650-million-yuan increase to its 2026 daily related-party transaction quota with YOFC Shanghai, SDG Fiber and Prysmian Group.The increase reflects surging demand for fiber optic products driven by accelerated artificial intelligence data center construction, according to a Thursday aftermarket filing with the Shanghai bourse.Shares of the cable manufacturer rose 10% on the Hong Kong bourse and 7% in Shanghai.

HKG:6869SHA:601869
Research

Jefferies Downgrades Yangtze Optical Fibre And Cable JSC to Hold from Buy; Price Target is HK$153.74

Yangtze Optical Fibre And Cable Joint Stock Company (HKG:6869) has an average rating of overweight and mean price target of HK$241.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:6869SHA:601869
Asia

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

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.

HKG:6869SHA:601869
Research

HSBC Starts Yangtze Optical Fibre And Cable JSC at Buy with 489 Yuan Price Target

Yangtze Optical Fibre And Cable Joint Stock Company (HKG:6869) has an average rating of overweight and mean price target of HK$255.59, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:6869
Asia

Yangtze Optical Fibre and Cable Flags Unusual Stock Movement; HK Shares Up 5%

Yangtze Optical Fibre and Cable (SHA:601869, HKG:6869) experienced an abnormal stock fluctuation for three consecutive trading days, but its operations remain normal, according to a Shanghai bourse filing on Friday.The company's closing stock price between June 2 and June 4 was more than 20%, exceeding the bourse's threshold.The company's probe found that it does not have a significant disclosure that could affect its stock movement.The Chinese cable manufacturer's Hong Kong shares jumped 5%, while Shanghai shares rose 2% during the morning trade.

HKG:6869SHA:601869
Asia

Yangtze Optical Fibre's Profit Soars 226% in Q1

Yangtze Optical Fibre and Cable's (SHA:601869, HKG:6869) recorded a 226% rise in attributable profit in the first quarter of 2026 to 495.1 million yuan from 151.7 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the Chinese cable manufacturer were down over 12% in Thursday afternoon trading while China-listed shares were down 4%.Earnings per share rose to 0.60 yuan from 0.20 yuan in the corresponding period of the previous fiscal year.Operating income surged 28% to 3.7 billion yuan from 2.89 billion yuan in the year-ago period.

HKG:6869SHA:601869

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