Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) announcement of annual performance in 2021
overseas business accounted for more than 30% for the first time, reaching a record high, with a net profit of 710 million yuan, an increase of 30% year-on-year
On March 25, 2022, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) (hereinafter referred to as " Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) " or "the company", stock code: 6869. HK, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) . SH) announced the annual results of the company up to 2021. During the reporting period, the company's operating revenue was about 9.536 billion yuan, an increase of about 16% over 2020; The gross profit is about RMB 1.872 billion, an increase of about 13.6% over 2020; The net profit attributable to the shareholders of the parent company was about 710 million yuan, an increase of about 30.3% over 2020, and the basic earnings per share was 0.94 yuan.
optical fiber and cable main industry consolidates the global leading position, makes innovation breakthroughs, and strongly supports "counting from the east to the west"
During the year, the company continued to improve the production process of preform, optical fiber and optical cable, improve the level of intelligent manufacturing, optimize the production efficiency and cost structure, expand the application scenarios of new products, continuously improve the production efficiency, and successfully consolidate the leading market position of the main industry of optical fiber and optical cable in the world Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) was awarded the top ten Shanghai Dzh Limited(601519) benchmark factory in Wuhan in November 2021. In May 2021, the whole process digital supply chain of the company was selected into the list of the first batch of national supply chain innovation and application demonstration cities and demonstration enterprises released by the Ministry of Commerce, which fully demonstrates that the response speed and stability of the company's supply chain system are at the leading level in the industry.
In terms of technological innovation, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) on the basis of successfully realizing the complete autonomy of the optical fiber industry chain, it has increased the research and development of 5g new optical fiber. In the field of communication optical fiber, it is the world's first dispersion flat optical fiber for 5g forward transmission, and the self-developed multi-core and few mode optical fiber is the world's leading. At the same time, the ultra-low attenuation and large effective area optical fiber formulated by Changfei has helped China Mobile Research Institute complete the research and test of the world's longest 800g long-distance transmission technology, laying the foundation for the commercial scale of 5g network. Next, the company will strongly support the national "double carbon" strategy and the network interconnection in the "Eastern digital Western computing" project. With the official launch of the "Eastern digital Western computing" project, the company, as the representative of the new infrastructure, has a long industrial chain, wide coverage and strong driving effect of the data center. It is expected to fully benefit from the promotion of the "Eastern digital Western computing" project, which is conducive to the improvement of the company's gross profit margin and profit from 2022 to 2023.
In addition, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) high-end multimode optical fiber is widely used by customers at home and abroad in the construction of large data centers. In the field of special optical fiber, the active three clad optical fiber developed by the company made a technological breakthrough, broke the overseas monopoly and solved the technical problem of "neck sticking".
diversified layout, continuous improvement, breakthroughs in many fields and improvement of core competitiveness
While ensuring the core advantages of the main business, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) in recent years, it has continuously accelerated the pace of diversification and achieved breakthroughs in many fields. The company has further improved its layout in the fields of optical modules and optical devices, communication network engineering, data center wiring, AOC consumer electronics, and made new progress in the fields of optical modules, semiconductor quartz materials, submarine cables and so on. Among them, in the field of optical modules and optical devices, the company grasped the development opportunities of data center market and communication market, and realized the continuous growth of operating revenue in 2021 Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) Changxin, a subsidiary engaged in optoelectronic chips, modules, AOC, generic cabling and other related businesses, has made continuous breakthroughs in the application fields of ultra-high definition video, virtual reality, medical system, machine vision and data center, and its products have entered the supply chain of many well-known large overseas customers.
In addition, the company's optical fiber and intelligent industrial control solutions and other related products and services have been applied in the State Grid project, in which the company's g.654.1 is adopted for the North Shaanxi Hubei ± 800 kV HVDC project of the State Grid E optical fiber, realizing the breakthrough of relay free long-distance transmission with a single span of 467 km.
In March 2022, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) acquired Wuhu tus Semiconductor Co., Ltd. and Wuhu terahertz Engineering Center Co., Ltd., and set foot in the third generation semiconductor industry. The acquisition will help to enhance the company's core competitiveness.
accelerate overseas layout and promote internationalization strategy. The proportion of overseas business revenue exceeded 30% for the first time, setting a historical record
In 2021, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) improved its international competitiveness through breakthrough, deep cultivation, integration and cultivation of four differentiation strategies, and made full use of the opportunity of market growth. According to the demand and profit level of major overseas target market regions such as Southeast Asia, Africa and Latin America, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) reasonably coordinated production capacity planning, realizing the rapid growth of overseas business income. In 2021, the company's overseas business revenue reached RMB 3.1 billion, with a year-on-year increase of about 46.8%, and reached more than 30% of the company's annual revenue for the first time, realizing a phased breakthrough. Among them, the company's overseas communication network project in Peru and the Philippines overcame the epidemic difficulties, completed the construction node goal on schedule, obtained high recognition from local operators and customers, and obtained subsequent project orders.
In addition, during the year, the company also completed the investigation of YOFC polion ind ú stria e com é rcio de Cabos especiais LTDA, located in Brazil ("Changfei Baolilong"). Changfei Baolilong is a famous brand in Brazil and Latin America. Brazil and Latin America are one of the company's main overseas target markets. This acquisition is the company's first capacity layout in this region, which is conducive to the company's further improvement of internationalization strategy.
At the same time, according to the actual demand in Southeast Asia, Africa, Latin America and other places, the company is expanding the production capacity of optical fiber and optical cable in Indonesia, and the construction of optical cable production facilities in Poland is also advancing as scheduled. In the future, the company will further improve the localized capacity layout covering international target markets and regions to deal with logistics and policy risks. Through the smooth implementation and delivery of communication network engineering projects in the Philippines, Peru and other places in the early stage, the relevant business teams of the company have grown rapidly, which will help the company build overseas comprehensive service capacity.
enabling 5g application digital transformation to build 5g + optical cloud industrial Internet platform
Over the years, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) insists on the exploration and practice of intelligent manufacturing and continuously improves the level of intelligent manufacturing. In the highly intelligent production workshop of the company, there are few workers and many task sequences do not need manual operation. In November 2021, China 5g + industrial Internet Conference was held in Wuhan. Leaders and expert representatives from the national industry and information system visited the company's digital production workshop and unanimously praised the company's intelligent manufacturing level.
During the 14th Five Year Plan period, the company will take "technological innovation and digital transformation" as an important strategic measure in the development stage of the 14th five year plan. In many years of intelligent manufacturing exploration, the company combines the data acquisition capability of industrial Internet with the equipment management capability and the characteristics of 5g and all-optical network with high speed, large bandwidth, low delay and high reliability, breaking through the establishment of 5g + all-optical network, equipment management and data acquisition, simulation Digital twin, industrial big data and other key technologies have formed an industry-leading "5g + optical cloud industrial Internet platform".
stable operation, attracting capital financing and breaking the highest financing record in AOC
Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) operated steadily. During the year, it was rated with AAA long-term credit rating and "stable outlook" by united credit rating Co., Ltd. and China Chengxin international credit rating Co., Ltd.
The company makes rational use of investment and financing channels in the capital market to promote long-term sustainable development. In 2021, the fair value of the company's shares in Hangzhou Zhongxin wafer semiconductor Co., Ltd. increased by about 320 million yuan. In 2021, the company's subsidiary changxinsheng (Wuhan) Technology Co., Ltd. (hereinafter referred to as "changxinsheng") completed round a and round B financing in 2021, with a cumulative financing amount of about 600 million yuan, setting the highest financing record in the field of AOC optical interconnection. At the same time, the science and innovation fund established with the participation of Changfei company has completed the investment in many enterprises, which strongly supports the development of the company's strategy.
Looking ahead, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) said that in 2022, the global macro-economy is still facing risks, the impact of the epidemic is still continuing, and the international situation is complex. Facing opportunities and challenges, the company will make full use of the opportunity of improving industry supply and demand, consolidate the global leading position of its main business, and continue to implement major strategic measures. In terms of internationalization, the company will further improve the overseas production capacity layout and build localized supply and service capacity; In terms of diversification, the company entered the third generation semiconductor material industry through acquisition, accelerated the construction of submarine cable construction capacity and improved the diversified layout. With the recovery of industry demand and the optimization of supply structure, long-term sustainable development will be realized. (Liu Qing)
