Yangtze Optical Fibre and Cable Joint Stock Announces
Three Quarters Results in2017
Shareholders’ ProfitHas a Significant Growth of Over 60% To 930 Million
(October 29, 2017-Hong Kong) Yangtze Optical Fibre and Cable Joint Stock Limited Company (“YOFC” or “the Company”, stock code: 6869) is pleased to announce the selected unaudited consolidated financial information of the Group for the nine months ended 30 September 2017.
During the first three quarters in 2017, the group’s revenue reached approximately RMB 7,397 million, increased by approximately 26.53% compared with the corresponding period of 2016; The profit gained RMB 924 million while the profit attributable to equity shareholders of the Company amounted 930 million, showing a significant increase of 60.07%. The total assets, represents the aggregate of the total non-current assets and the total current assets as at 30 September was 9,214 million, Total equity attributable to equity shareholders of the Company as at 30 September gained 4,917 million.
Benefit from the national policy ”Boardband China” and the success progress of the 5G preparation, the market demand of fiber optic cable market is still strong. Being one of the global leading optical fibre preform, optical fibre and optical fibre cable suppliers, the Group keep taking full advantage to lead the industry to develop. The stock performance of YOFC has kept outstanding After being included into Shenzhen-Hong Kong Stock Connect, showing the fully affirms by the capital market. Looking into the future, centering on the strategic goal of “Becoming Global No.1 and Industrial Leader”, the company will push forward intensive growth of its optical fibre preforms, optical fibre and optical cables businesses, enhance technological innovation and intelligent manufacturing, intensify international strategy, actively exploit diversified development, improve capital operation, create more value for shareholders and client focus, and strive to develop itself into the leader in information transmission and smart links in the world.
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About Yangtze Optical Fibre and Cable Joint Stock Limited Company
Yangtze Optical Fibre and Cable Joint Stock Limited Company (“YOFC” or the “Company”, Stock code: 6869) is a leading optical fibre preforms, optical fibres and optical fibre cables supplier in the world with over 29 years of operational experience. The Company primarily manufactures and sells optical fibre preforms, optical fibres and optical fibre cables, including specialty optical fibres and cables, as well as optical distribution and connection products, data center cabling products and production machinery. The Company’s products are sold to customers in China and overseas. The Company successfully listed on main board of HKEX on December 10th 2014.
This press release is issued byWonderful Sky Financial Group Holdings Ltd. on behalf of Yangtze Optical Fibre and Cable Joint Stock Limited Company.
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