The market evaluation is high. China's optical cable market is well received. The manufacture of the company's optical cable products was awarded ISO 9001 2008 and ISO14001:2004 certification and was recognized as a high-tech enterprise by the Department of Science and Technology of Jiangsu Province, China in 2010. Due to the company's product research and development capabilities, the company's R & D department is recognized as one of the provincial recognized enterprise technology centers.
The company's revenue has increased significantly. The company's revenue increased by approximately 43.5% from RMB 265.2 million for the year ended December 31, 2013 to RMB 380.6 million for the year ended December 31, 2014, and further increased by approximately 61.0% to RMB 612.6 million for the year ended December 31, 2015. The company's revenue increased by approximately 58.5% from RMB 201.3 million for the five months ended May 31, 2015 to RMB 319.0 million for the five months ended June 31, 2016.
The company's industry has great potential for market growth in the future. The increasing demand in the optical cable market in China and the increase in sales orders granted to the company by the major telecommunications network operators in China are mainly attributed to the company's product quality, market reputation and competitive prices offered to it.
The company has great competitiveness. The company has a number of competitive advantages, including the company has established a stable and long-term business relationship with major customers, and the company's brand is trustworthy; the company produces quality products, has profound industry insight, and provides thoughtful and reliable customer service; strict quality control procedures ensure product reliability and stable performance; continuous production and technological breakthroughs to provide comprehensive product development and production solutions The scale of the company's production facilities enables the company to achieve economies of scale, thereby reducing the company's production costs, and the company benefits from its close relationship with Southern Optical Fiber, which provides the company with an additional source of optical fiber; and the company has an experienced professional management team and a wealth of industry experience.
It is recommended to subscribe carefully. The optical cable supply industry where the company is located is a rigid demand industry with high market demand and great potential for future development; the company has excellent brand image and high market evaluation in the industry. In terms of valuation, the company's 2015 price-to-earnings ratio is 12.7-15.1 times; as of the last practical date, the price-to-book ratio is 1.5-1.7 times, a reasonable valuation compared with its peers. It is recommended to subscribe carefully.