Company code: Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) company abbreviation: Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) bond Code: 175070 bond abbreviation: 20 Changfei 01 Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 KPMG Huazhen Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The company plans to distribute a cash dividend of RMB 2.81 (including tax) to all shareholders for every 10 shares based on the total share capital on the date of equity distribution and equity registration. As of December 31, 2021, the total share capital of the company is 757905108 shares. Based on this calculation, it is expected to pay a total cash dividend of RMB 212971335 (including tax). This dividend will not give bonus shares, nor will the capital reserve be converted into share capital, and the remaining undistributed profits will be carried forward to the next year.
Section II basic information of the company
1 company profile
Stock type stock exchange stock abbreviation stock code
A-share Shanghai Stock Exchange Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869)
H-share stock exchange of Hong Kong Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) 06869
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Ma Jie (acting bank): Xiong Jun
Office address: No. 9, Guanggu Avenue, Wuhan, Hubei Province
Tel: 02768789088
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
Focusing on the communication industry, the company is the world’s leading R & D, innovation and manufacturing enterprise of optical fiber preform, optical fiber, optical cable and data communication related products, and has formed a complete industrial chain and diversified and international business model of optical communication related products and services such as rod fiber cable, generic cabling, optical module and communication network engineering. 1. Optical fiber and cable industry
Optical cables are generally used for communication network construction, and the core customers are telecom operators. In 2021, the development of China’s communication industry showed a good trend, and the construction coverage and application popularization of new information infrastructure such as 5g and gigabit optical network were accelerated in an all-round way. Among them, mobile Internet traffic has still achieved rapid growth in the case of a large base. According to the data released by the Ministry of industry and information technology in January 2022, China’s mobile Internet access traffic reached 221.6 billion GB in 2021, an increase of 33.9% over 2020. Annual average monthly mobile Internet traffic (Dou)
Up to 13.36gb/household per month, an increase of 29.2% over 2020; In December, the Dou reached 14.72gb/household, a record high. At the same time, China’s 5g construction is steadily advancing in a moderately advanced mode. In 2021, there will be more than 650000 new 5g mobile communication base stations in China, and the total number of 5g base stations will reach 1425000, accounting for more than 60% of the world.
Figure 1: traffic and Dou of mobile Internet access in the current month in 2021 (source: Ministry of industry and information technology)
Overseas data traffic also achieved strong growth. According to the mobile market report released by Ericsson in November 2021, the global average monthly data traffic in the third quarter of 2021 reached 78eb, an increase of about 42% compared with the same period in 2020.
In terms of fixed networks, according to the data released by the Ministry of industry and information technology in January 2022, by the end of 2021, the total number of fixed Internet broadband access users of three basic telecom enterprises in China had reached 536 million, with a net increase of 52.24 million in the whole year. Among them, there are 498 million users with access rate of 100Mbps and above, accounting for 93% of the total users. The number of users with access speed above Gigabit is 34.56 million, accounting for 6.4% of the total number of users. The construction of fixed network infrastructure has great room for growth.
Figure 2: proportion of fixed Internet broadband users by access rate in 2020 and 2021 (source: Ministry of industry and information technology)
According to the report released by CRU in January 2022, after experiencing the downward pressure since the second half of 2018, the global total demand for optical fiber and optical cable once again exceeded 500 million core kilometers in 2021, and the demand in major regions of the world resumed the growth trend. 2. Data center industry
The company’s multimode optical fiber products, optical module and optical device business and generic cabling services can be widely used in the data center industry. At the same time, the growth of network traffic demand brought by the construction of data center can also promote the demand for optical fiber and optical cable. In 2021, the capital expenditure of major Internet companies in China and overseas for data center and cloud computing continued to grow. According to the report released by China Communications and information technology in January 2022, China’s cloud infrastructure services market increased by 55% in the first quarter of 2021. Among them, Ali cloud, HUAWEI cloud, Tencent cloud and Baidu Intelligent Cloud account for more than 80% of total expenditure.
Figure 3: capital expenditure of major Internet companies in China (unit: RMB 100 million; source: announcements of companies and Minsheng Securities Research Institute)
Figure 4: capital expenditure of major overseas Internet companies (unit: US $100 million; source: announcements of companies and Minsheng Securities Research Institute) during the reporting period, facing the pressure at the bottom of the industry cycle, the company ensured the leading advantages outside China of the two main business segments and realized the growth of main business income and profit.
At the same time, it has also made breakthroughs in internationalization and diversified business.
In the preform and optical fiber sector, the company has increased the research and development of new products and technologies, and promoted the gradual application of high-end segment products to customers. In terms of cost control, despite the double pressure of rising raw material prices and falling market terminal prices of operators, the company has promoted the further improvement of production efficiency and achieved a stable level of gross profit margin. In 2021, the gross profit margin of preform and optical fiber division of the company was 40.39%.
In the optical fiber cable sector, the company has ensured the leading edge in the industry. In the centralized procurement of ordinary optical cable products conducted by China Mobile in October 2021, the company gained the first share and further consolidated its market position in China. In the overseas market, the company has strengthened market development, and the optical cable products and related communication network engineering services have increased steadily.
3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Adjusted and adjusted before increase or decrease (%)
Total assets 19478649093158555973941585559739422.8513775899595
Net assets attributable to shareholders of listed company 9781997943904748983290474898328.128788220362
Operating income 95360755788221542967822154296715.997769175495
The net profit attributable to 70850640654367780954367780930.32801225042 shareholders of the listed company belongs to the listed company
Net profit of shareholders after deducting non recurring profit and loss of 310637324348699216348699216 -10.92612937102
526744742140866409140866409273.93842663893 net cash flow from operating activities
Weighted average net assets 7.52 6.13 6.13 increased by 1.39 percentage points and 9.46 yield (%)
Basic earnings per share (RMB 0.94 0.72 0.72 30.56 1.06 / share)
Diluted earnings per share (RMB 0.94 0.72 0.72 30.56 1.06 / share) 3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 1911894833243979581824368517722747533155
8446308739469213084998570144352619 net profit attributable to shareholders of listed companies
Net profit of 74527461863086457269452777106691 after deducting non recurring profits and losses
Cash flow from operating activities – 37295601627431733287525681537857745 difference between quarterly data and disclosed periodic report data □ applicable √ not applicable 4 shareholders 4.1 total number of ordinary shareholders, total number of preferred shareholders with voting rights restored, total number of shareholders holding special voting shares and top 10 shareholders at the end of the reporting period and the month before the disclosure of the annual report
Unit: shares
As of the end of the reporting period, the total number of common shareholders (households) was 22919
Total number of ordinary shareholders (households) at the end of the previous month before the disclosure date of the annual report 25582
By the end of the reporting period, the total number of preferred shareholders whose voting rights had been restored (households) was 0
Total number of preferred shareholders whose voting rights were restored at the end of last month before the disclosure date of the annual report (households) 0
Shareholding of top 10 shareholders
Holding pledged, marked or frozen
