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YOFC's Business Performance Hit a New High in 2018

In 2018, YOFC's business performance reached a historic high. Total revenue was RMB 11.36 billion, increased by approximately 9.6% compared with last year; gross profit and gross margin were RMB 3.228 billion and 28.4% respectively; net profit for the year attributable to equity shareholders of the parent company was RMB 1.489 billion, increased by approximately 17.4% compared with last year.

Unit :RMB 100 million20172018

Business Review

By Region
· Domestic Business Always customer-centered, YOFC has established a reputation among customers by virtue of quality products and services. In 2008, YOFC's domestic business realized sustained growth.
Unit :RMB 100 million20172018
· Overseas Business Advancing global presence remains one of YOFC's key development strategies. Since its listing in Hong Kong Stock Exchange, YOFC has worked to make inroads into overseas markets, found factories in Myanmar, Indonesia, and South Africa, thus securing sustained double-digit growth in overseas revenue in recent years.
Unit :RMB 100 million20172018
By Product Type
· Optical Fibre Preforms and Optical Fibres Optical fibre preforms and optical fibres represent the most technological and profitable part within the entire industrial chain. In 2018, with constant improvements in its self- developed preform technologies VAD and OVD, YOFC steadily realized scaled production and improved its supply capacity, making itself a global leader in optical fibre preforms and optical fibres.
Unit :RMB 100 million20172018
· Optical Fibre Cables In 2018, YOFC maintained its global leading position in terms of optical fibre cable business. YOFC's revenue from optical fibre cables was approximately RMB 5.727 billion, increased by approximately 13.74% compared with last year. Meanwhile, the gross profit rate of optical cable increased from around 10.57% in 2017 to about 12.16% in 2018, higher than market growth.
Unit :RMB 100 million20172018
· Other Products and Services YOFC also offers other products and services related to optical communication field including cabling solutions for data centers, construction of communication network projects, etc. In 2018, YOFC made substantial progress in its cabling solutions business, registering a sharp rise of about 89.41% in revenue from the 2017 level. Meanwhile, to further diversify its business portfolio, YOFC eyed opportunities in marine optical cable amid the great development of marine economy, thus making its official foray into this field.
Unit :RMB 100 million20172018

YOFC's Core Competitiveness

  • · Leading Market Position
  • · Full-Fledged Business Chain
  • · Advanced Manufacturing Technology
  •   and Strict Quality Control System
  • · Leading International Business
  • · Leading R&D and Innovation Capabilities
  • · Diversified Product Portfolio
  • · Experienced Management and Efficient
  •   Talent Training System

Annual Achievements

PT. Yangtze Optics Indonesia (YOI) was put into production, adding new power to overseas business
YOFC and Alibaba Cloud signed a strategic cooperation agreement on co-building the first "Cloud Manufacturing" platform in Optics Valley of China
YOFC's new fibre refreshed single-span unrepeatered optical transmission world record
YOFC supported the construction of China's first large data center using the OM5 multimode fibre
YOFC obtained the EFQM (European Foundation for Quality Management) Global Excellence Award 2018, becoming the first Chinese enterprise winning the award
YOFC's "Application of All-Optical Industrial Internet Platform" was enrolled in the first batch of "Pilot Demonstration Projects for Integration Innovation and Application of Industrial Internet Platform" by the Ministry of Industry and Information Technology (MIIT) of China
In May 2018 coinciding its 30th anniversary, YOFC founded the Smart Manufacturing Research Institute
YOFC State Key Laboratory of Optical Fibre and Cable Manufacture Technology (SKLOFCMT) was rated as "Excellent State Key Laboratory" by the Ministry of Science and Technology, and ranked first in the field of information
On July 20, 2018, YOFC got listed on the Shanghai Stock Exchange (SSE), becoming the first and the unique A+H shares listed company in China's optical fibre and cable industry and Hubei Province. Since then, YOFC has embarked on a new journey of leapfrog development. On December 3, YOFC made it to SSE 380 Index

Outlook