On January 8th, China Financial Market Award Gala 2017 & Gala Dinner, which was hosted by a famous finance magazineChina Financingof Hong Kong, organized by Wonderful Sky Group, and jointly held by eight authorities including the Listed Companies Council, Hong Kong Chinese Enterprises Association, Hong Kong Mergers and Acquisitions Association, Chinese Financial Association of Hong Kong, Chinese Securities Association of Hong Kong, Chinese Asset Management Association of Hong Kong, Hong Kong Institute of Chartered Secretaries, Hong Kong Institute of Financial Analysts and Professional Commentators Limited and Hong Kong Top 100 Listed Companies Association Limited. Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC, stock code: 6869.HK) was granted with “Best Listed Company” and “Annual Best Business Leader” at the gala. Jan Bangerts , YOFC’s Vice President and Liang Guanning , CFO, represented YOFC to attend the gala and accepted the awards.
China Financingholds the annual awards gala each January to select outstanding enterprises based inMainland China and Hong Kongand to praise their excellent performance. Since its inception three years ago, with its fair and just appraisal mechanism and authoritative appraisal committee, China Financial Market Award Gala was widely concerned and highly recognized by all circles in Hong Kong. In addition to YOFC, Tencent Holdings, ICBC, Legend Holdings and other enterprises were included in the list of “Best Listed Company”.
As a world-leading supplier of optical fibre and cable, YOFC has witnessed sustainable and steady development and earned widespread recognition in the capital market since it was listed in Hong Kong in December 2014. YOFC’s semi-annual performance report in August 2017 shows that, the total revenue of the first half of 2017 amounted to RMB 4,640.1 million, increased by 26.2% in compared with the same period of in 2016; the gross margin reached RMB 1,235.3 million, substantially improved 53.0% in compared with the same period of 2016; the gross profit rate accelerated from 22% in the first half of 2016 to 26.6% in the first half of 2017; and the profit attributable to company stakeholders was RMB 565.1 million, dramatically boosted 59.4% in terms of same period in 2016. Overall, based on its excellent performance, YOFC was introduced into the list of‘constituent stock of HSMI and HSSI’,‘constituent stock of Hang Seng Stock Connect Hong Kong Index Series’and‘Shenzhen-Hong Kong Stock Connect’in 2017, with its over 140% y-o-y stock price. Depending on its fabulous performance in the capital market, YOFC was granted various awards frequently in Hong Kong. And this time, YOFC stands out the most in the appraisal of‘China Financial Market Award Gala 2017’, which demonstrates the capital market’s recognition to YOFC’s fantastic presentation once again.
Looking into the future, with a vision of “Smart Link Better Life”, YOFC will adhere to the core values of “Client Focus, Accountability, Innovation, Stakeholder Benefits” to make concerted efforts in such five aspects as the substantial increase of optical rod, optical fibre and optic cable businesses, technological innovation and intelligent manufacturing, international expansion, related diversification and coordinated growth of capital operation, further enhance its market competitiveness and achieve continued operational success.
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