Yangtze Optical Fibre and Cable Joint Stock C : YOFC Exchanges Experience as Representative Winner of "Model Enterprises with Championship in Specia...

YOFC Exchanges Experience as Representative Winner of 'Model Enterprises with Championship in Special Area of Manufacturing Industry'

Summary

On17th January2017, the Ministry of Industry and Information Technology (MIIT) officially announced the firstbatch listof 'Single Championship Demonstration Enterprises in Manufacturing Industry'. Yangtze Optical Fibre and Cable Joint Stock Limited Company (hereinafter referred to as YOFC, stock code: 6869.HK) was successfully selectedwithin, becoming one of theheadmost winners in China.

In the afternoon of 22nd January,the experience exchangeand communicationmeeting ofthis prize was held by the MIIT and the China Federation of Industrial Economics (CFIE) in Beijing. Zhang Feng (Party Group member and chief engineer of MIIT), Li Yizhong (member of the Standing Committee of the National Committee of CPPCC, deputy director of the Economic Committee of the National Committee of CPPCC, former minister of the MIIT, and president of CFIE) and Xu Kemin (director of the Industrial Policy Development of MIIT) attended the meeting.

Zhuang Dan, YOFC's ExecutiveDirector and CEO, was invited to the meeting.During the meeting, he collected the award and exchanged experience with the attendees. The participating enterprises were the first, and thesecondbatch of groups (totally 125 enterprises) in winning the 'Single Championship Demonstration Enterprises in Manufacturing Industry' award that granted by the MIIT, fourof which sent representatives to share their experiences. Zhuang Dan was theone offourto deliver the speech firstly.

Zhuang Dan indicated that, adhering to the core values of 'Client Focus, Accountability, Innovation and Stakeholder Benefits', YOFC is committed to becoming the leader in information transmission and smart links.During 30 years development, YOFC has alwaysbeen treating technological innovation as the foundation to enhance the company's competitiveness, seeing innovative talents as the most important elementto pursuit Company's innovative culture. According totechnical route of 'introduction - digestion - absorption - re-innovation',YOFC has grown from a follower to a leader in the industry.

In recent years, 'OneBelt & OneRoad' national strategy has driven YOFCtoactively implementitsinternationalized strategy andtofocus its overseas layout on developing countries in Southeast Asia, Africa and South America where have great demandpotentialfor optical fibre and cable.Additionally,YOFC cooperated with local governments in implementing their 'NationalBroadbandPlan' they proposed so as to complete its international production layout and sales coverage.

YOFC has been trying to update and improve its management system so that it can provide systematic and organizational guarantee for enhancing technological innovation and product quality. Through many years of practice and exploration, YOFC's excellent performance mode hasbeen at the forefront ofChinese manufacturing enterprises.

Manufacturing enterprises, which get the singlechampionship,are the cornerstone of the innovation and development of the manufacturing industry. Ithas tworequirements:the enterprise must specialize in a particular target market and cultivate the related area for a long term; the enterprise must have champion-level market position and technical strength in the related segment of market.

It is understood that the requirements of the selection of 'Model Enterprises with Championshipof Manufacturing Industry' arequite high. All of the winning enterprises are those which have been devoted to a special market segmentfor a long time, have internationally leading production technology, and rank among the top in terms of market share of a single product. For 30 years, YOFC has been cultivating the field of preform, optical fibre and cable, and conductingthe layout of the whole industry chain aroundthecore business offibre and cable. It dominates a leading position in the industry in product technology and market share. Therefore, it deserves the award.