Yangtze Optical Fibre and Cable Joint Stock
GarneredtheAwardofBloomberg Businessweek –
Listed Enterprises of the Year2017for the Second Consecutive Year
(1 November, 2017-Hong Kong) Yangtze Optical Fibre and Cable Joint Stock Limited Company (“YOFC” or “the Company”, stock code: 6869.HK) is pleased to announce the company won the prize of Listed Enterprises of the Year 2017 (the 'Award') by Bloomberg Businessweek/Chinese Edition (“Bloomberg”) for the second year running in recognition for its outstanding performance. YOFC is the only telecom company to receive this esteemed title.
Bloomberg Businessweek/Chinese Edition is the only financial magazine applying Bloomberg Terminal to analyze listed company award in Hong Kong, the award is widely recognized. The investors look forward to the winners as their performance is strictly selected under Bloomberg terminal. Besides judging the market performance and comprehensive strength of the listed company, Bloomberg also considered the companies’ contribution to Hong Kong to celebrate the 20th anniversary of the return of Hong Kong to our Motherland. Mr. Mike WONG, the Chief Executive Officer of the Chamber of Hong Kong Listed Companies, the legislative members from different sectors and personages from financial industry attended to this event. 18 winners were selected to win the award including YOFC, Hang Seng Bank(0011.HK), New World Development Company(0017.HK), Kerry Logistic(Hong Kong)(0636.HK) and Tencent Holdings(0700.HK) , covering sectors of manufacturing, real estate, finance, logistics and others.
Yangtze Optical Fibre and Cable Joint Stock, as the only telecom sector company, Garnered the award for the Second Consecutive Year, showing the fully affirms by the capital market in terms of the financial performance and leadership. Benefiting from the national policy “Boardband China” and the success progress of the 5G preparation, the 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, YOFC keep taking full advantages to lead the industry to develop. After being included into Shenzhen-‐Hong Kong Stock Connect, the company's stock price has continued to rise sharply, increased over 40% and the highest price of HKD 31.50. According to the 2017 Q3 results announcement, the Company’s revenue reached to 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%.
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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