PerpEquities

Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) financials

HKSE · Technology · Communication Equipment · 10,596 employees · CEO Dan Zhuang

Price
HK$107.20 +11.49%
Market cap
HK$153B
Enterprise value
CN¥217B
Last report
Q3 '26 filed 2026-09-30
Next report
2027-03-26
Revenue (TTM)CN¥23B+66.8% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)34.2%+29.1 pp vs a year agoOperating income CN¥7.87B
Net income (TTM)CN¥6.45B+1,026.7% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)CN¥4.67B+190.7% vs a year agoCapex CN¥1.96B
Diluted EPS (TTM)CN¥7.87+949.3% vs a year agoSum of the last 4 quarters
Net cash-CN¥776M+87.3% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
HK$153B
EV CN¥217B
Revenue
CN¥23B
Trailing 12 months
Revenue growth
+88%
FY2026 consensus
Profit margin
28.1%
Net income / revenue, TTM
P/E
34.6×
P/S
9.2×
Price / sales, TTM
EV / EBITDA
25.5×
TTM
Free cash flow
CN¥4.67B
Trailing 12 months
Net income
CN¥6.45B
Trailing 12 months
Revenue estimate
CN¥26.8B
FY2026 consensus
Earnings
2027-03-26
Dividend
HK$0.34
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth accelerating: 139.4% year on yearQ3 '26 revenue CN¥9.31B, against an average of 32.3% over the four quarters before.
  • Operating margin 34.2% (TTM), +29.1 pp on a year agoOperating income grew 1,012.2% while revenue grew 66.8%.
  • Capex 8.5% of revenue (a year ago 9.5%)CN¥1.96B invested in the last 4 quarters (+49.9% on a year earlier). Free cash flow CN¥4.67B = 72.3% of net income.
  • Returned CN¥243M to shareholders = 5.2% of free cash flowBuybacks CN¥193M (a year earlier CN¥2.52M), dividends CN¥50.1M, stock-based pay CN¥0 (TTM).
  • Diluted share count up 9.3% in a year822M diluted shares in Q3 '26, 752M a year earlier.
  • Net debt CN¥776MCash + short-term investments CN¥9.5B, debt incl. leases CN¥10.3B; a year ago net debt CN¥6.11B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
RevenueCN¥9.31BCN¥3.89B+139.4%
Gross margin57.4%29.7%+27.7 pp
Operating incomeCN¥3.97BCN¥375M+958.1%
Operating margin42.6%9.6%+33.0 pp
Net incomeCN¥3.2BCN¥174M+1,741.8%
Diluted EPSCN¥3.89CN¥0.23+1,591.3%
Operating cash flowCN¥2.86BCN¥1.03B+176.8%
CapexCN¥730MCN¥329M+121.9%
Free cash flowCN¥2.13BCN¥703M+202.3%
R&DCN¥495MCN¥221M+123.7%
Stock-based compensationCN¥0CN¥0–

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
CN¥6.63B
Capex
-CN¥1.96B
Buybacks
-CN¥193M
Dividends
-CN¥50.1M
Acquisitions
-CN¥261M
Net debt issued
-CN¥1.93B
Stock-based compensation
CN¥0
Free cash flow
CN¥4.67B
Returned to shareholders / FCF
5.2%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)34.6×16.0×4.4× – 43.4×
EV / EBITDA25.5×9.2×4.5× – 16.5×
EV / Sales9.4×1.3×0.8× – 2.8×
Price / FCF45.5×18.6× 2 of 5 years15.2× – 21.9×
Price / Book12.0×1.1×0.5× – 2.6×
FCF yield2.2%-3.1%-13.1% – 6.6%
Return on invested capital18.7%3.8%1.6% – 5.2%
Return on equity46.0%8.4%5.8% – 11.5%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CN¥26.8B+88.0%CN¥9.72+808.8%–4
FY2027CN¥36.2B+35.1%CN¥14.37+47.8%–7
FY2028CN¥42.9B+18.5%CN¥16.31+13.5%–11
FY2029CN¥23.1B-46.2%CN¥0.00-100.0%–4
FY2030CN¥20.6B-10.8%CN¥0.00––4

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.