Stock Code: 601869.SH / 06869.HK

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YOFC Wins “Best Investment Value Award for Listed Companies” of China Securities Golden Bauhinia Awards

  • 2017-12-14
  • 2617
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Yangtze Optical Fibre and Cable Joint Stock Limited Company (hereinafter referred to as YOFC, stock code: 6869.HK) was awarded the “Best Investment Value Award for Listed Companies” of the 7th China Securities Golden Bauhinia Awards on November 30. Chief Financial Officer of YOFC, Mr. Liang Guanning on behalf of YOFC accepted the award in Hong Kong. This was the first time in the three years since YOFC was listed on HKEX on December 10, 2014 that YOFC has won the grand award in the competition among the most influential listed companies in the arena of whole Hong Kong.

The “Golden Bauhinia” serial events are organized by Hong Kong Ta Kung Wen Wei Media Group, and co-organized by the Listed Companies Association of Beijing, Hong Kong Chinese Enterprises Association, Hong Kong Financial Services Professionals Association, Chinese Securities Association of Hong Kong, The Hong Kong Institute of Chartered Secretaries, Hong Kong Securities Professionals Association. This year witnesses the seventh anniversary. The “China Securities Golden Bauhinia Awards” is the largest, highest level and most credible selection in the development of China’s capital market that focuses on listed companies in both Chinese mainland and Hong Kong as well as their top management. Over one thousand people including finance officials from the Chinese mainland and Hong Kong, domestic and overseas securities brokers, responsible persons of large listed companies in both the Chinese mainland and Hong Kong, as well as top management of over one hundred listed companies from both the Chinese mainland and Hong Kong participated in this forum and the award ceremony. The fast expansion in the global optical fibre and cable market, the improvement at business and profit level, and the steadiness of stock price in recent years have secured YOFC to have won the “Best Investment Value Award for Listed Companies”.

As the largest supplier of optical fibre preform, optical fibre and optical fibre cable globally, YOFC is mainly engaged in the manufacture and sales of optical fibre preform, optical fibre and optical fibre cable of various standards and types widely used in the communication industry. Besides, YOFC also provides customized solution for special optical fibre and optical cable required by the customers, including integrated system, engineering design and services, etc. Currently, YOFC covers its business in public utilities, transportation, petrochemical industry, medicine and so on among over 60 countries and regions in the world.

In the late 2014, YOFC was listed on H-share market. The stock price almost quadrupled in three years later compared with the initial offer price of HKD 7.39. Particularly, in the middle and late August the stock price has witnessed a staggering accumulated surge due to the primary reason that the investors harbor enormous hope for the development of the 5G network in China which contributes the prosperity of the sectors related with 5G network.

Ministry of Industry and Information Technology of China has promulgated the use plan of the spectral range between 3000MHz and 5000MHz in the 5G system (middle range), and China becomes the first nation to publicize the use plan of the middle range in the 5G system. The market is in great eagerness of an accelerated commercial application of the 5G network in the mainland. It can be estimated that the 5G infrastructure investment for three major telecom service providers in mainland will reach USD 180 billion, 50% larger than the investment in the 4G infrastructure. Considering the construction of the optical fibre and cables is the prerequisite for the 5G network, the companies of optical fibre & optical cable will benefit beforehand.

In the first three quarters this year, the income of YOFC was RMB 7.397 billion, increased by 26.5% compared with last year. The profit in the period was RMB 930 million, increased by 60% compared with last year, which keeps a strong increase momentum with an increase rate of 59.4% in the middle term. At present, YOFC is speeding up its expansion layout. The projects located in Indonesia, South Africa, and Qianjiang in Hubei Province have already been completed. It is estimated that the optical cable project in Indonesia will also officially go into operation around the Spring Festival of 2018, and hopefully will bring more achievements in the future. The insiders from the markets predict that, as the 5G is the important infrastructure buildup for the digital economy, AI, driverless application and the like, the market potential is tremendous, and the future orders of YOFC will continue to be optimistic. 

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