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YOFC Exchanges Experience as Representative Winner of "Model Enterprises with Championship in Special Area of Manufacturing Industry”
publish:date:2018-01-23

Summary

On17th January2017, the Ministry of Industry and Information Technology (MIIT) officially announced the firstbatch listof "Single Championship Demonstration Enterprises in Manufacturing Industry”. Yangtze Optical Fibre and Cable Joint Stock Limited Company (hereinafter referred to as YOFC, stock code: 6869.HK) was successfully selected within, becoming one of the headmost winners in China.


In the afternoon of 22nd January,the experience exchangeand Communication meeting of this prize was held by the MIIT and the China Federation of Industrial Economics (CFIE) in Beijing. Zhang Feng (Party Group member and chief engineer of MIIT), Li Yizhong (member of the Standing Committee of the National Committee of CPPCC, deputy director of the Economic Committee of the National Committee of CPPCC, former minister of the MIIT, and president of CFIE) and Xu Kemin (director of the Industrial Policy Development of MIIT) attended the meeting.


Zhuang Dan, YOFC’s Executive Director and CEO, was invited to the meeting.During the meeting, he collected the award and exchanged experience with the attendees. The participating enterprises were the first, and The secondbatch of groups (totally 125 enterprises) in winning the "Single Championship Demonstration Enterprises in Manufacturing Industry” award that granted by the MIIT, four of which sent representatives to share their experiences. Zhuang Dan was The one of fourto deliver the speech firstly.


Zhuang Dan indicated that, adhering to the core values of "Client Focus  Accountability  Innovation  Stakeholder Benefits", YOFC is committed to becoming the leader in information transmission and smart links.During 30 years development, YOFC has always been treating technological innovation as the foundation to enhance the company's competitiveness, seeing innovative talents as the most important element to pursuit Company’s innovative culture. According totechnical route of "introduction – digestion – absorption – re-innovation",YOFC has grown from a follower to a leader in the industry.


In recent years, “OneBelt & OneRoad" national strategy has driven YOFC to actively implementinternationalized strategy and to focus its overseas layout on developing countries in Southeast Asia, Africa and South America where have great demand potentialfor optical fibre and cable.Additionally,YOFC cooperated with local governments in implementing their ‘National Broadband Plan’ they proposed so as to complete its international production layout and sales coverage.


YOFC has been trying to update and improve its management system so that it can provide systematic and organizational guarantee for enhancing technological innovation and product quality. Through many years of practice and exploration, YOFC’s excellent performance mode has been at the fore front of Chinese manufacturing enterprises.


Manufacturing enterprises, which get the single championship,are the cornerstone of the innovation and development of the manufacturing industry. It has two requirements:the enterprise must specialize in a particular target market and cultivate the related area for a long term; the enterprise must have champion-level market position and technical strength in the related segment of market.


It is understood that the requirements of the selection of “Model Enterprises with Championship of Manufacturing Industry” are quite high. All of the winning enterprises are those which have been devoted to a special market segment for a long time, have internationally leading production technology, and rank among the top in terms of market share of a single product. For 30 years, YOFC has been cultivating the field of preform, optical fibre and cable, and Conducting the layout of the whole industry chain Around the core business of fibre and cable. It dominates a leading position in the industry in product technology and market share. Therefore, it deserves the award.


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