According to the Zhitong Finance App, Changfei Optical Fiber and Cable (06869) released its 2017 results. Operating revenue reached a new high, with a year-on-year increase of 27.8% to 10.366 billion yuan (same unit); gross profit increased 65.8% year-on-year to 2,789 billion yuan; net profit attributable to shareholders increased 76.9% year-on-year to 1,268 million yuan; earnings per share of 1.86 yuan, no dividends.

By product segment, the total revenue of about 4.703 billion yuan came from the optical fiber prefabricated rod and optical fiber division, which increased 15.5% over the previous year and accounted for 45.4% of the group's revenue; while the total revenue of 5.035 billion yuan came from the optical cable division, which showed a high growth trend of 40.6% over the previous year and accounted for 48.6% of the group's revenue.

According to reports, the Group's total revenue generated a considerable increase, mainly due to the three state-owned telecom operators continuing to vigorously develop 4G network infrastructure construction, and the Chinese government's continuous implementation of national strategies such as “Broadband China” and “Internet +”. In particular, these factors have boosted demand for optical fibers and optical cables and brought additional impetus.

On the other hand, compared to last year, revenue from domestic business increased by about 24.3%, and revenue from overseas business increased by about 65%.

The announcement shows that the Group's strategic goal remains to become an industry leader and consolidate its current market position. In 2018, focusing on medium- to long-term strategic planning, the Group will continue to achieve continuous growth and create higher value for shareholders and customers by implementing the five major strategic initiatives of core fiber cable business content growth, internationalization, technological innovation and intelligent manufacturing, related diversification, and collaborative growth of capital operations.