9 June 2026 | 1:31PM HKT Equity Research YOFC (6869.HK): AI demand to support solid fiber pricing; upcoming tenders as key focus with positive pricing outlook; Neutral We review recent fiber cable production, pricing and demand. Overall, we note that China fiber cable demand remains strong, mainly driven by data center clients, although still at a low base vs. telecom. Fiber cable production in Mar/ Apr continued to decline at -6%/ -16% YoY, per NBS, which we attribute to the temporary capacity shift betwee ...