On the evening of April 11, Xinmao Technology released its 2017 annual report. During the reporting period, the company achieved operating income of RMB2.057 billion, a year-on-year increase of 10.57%. The net profit was 84.127 million, a year-on-year increase of 77.31%.

In recent years, Xinmao Technology has focused on the core business of optical communication, investing, researching, manufacturing and selling optical communication products such as fiber optic cables, actively promoted industrial upgrading, and formed a production and sales model integrating “preform, fiber and cable”, kept enhancing the brand value of the company and its service products, committing to be a leader in the optical communication product manufacture and services.

During the reporting period, the company remains manufacturing and selling optical communication products including single-mode optical fibers, communication optical cables, and quartz bushing tubes, while using the funds raised and owned by the company to build an optical fiber preform manufacturing project (Phase I) and the second phase expansion project for quartz bushing tubes, and actively extended to the upstream industrial chain. It technically transformed fiber production equipment and processes to improve production efficiency. Its production capacity of single-mode fiber has increased by 4%, and the annual manufacturing capacity reached 25 million core kilometers. Its production capacity of communication optical cable has increased by 50%, and the annual manufacturing capacity has reached 6 million core kilometers through investment, expansion and potential tapping; its production capacity of natural quartz fiber preform bushing tube reached more than 100 tons, increased by 55%. Currently the company is an important fiber manufacturer to the north of the Yellow River, one of the major fiber optic cable manufacturers in the country.

In the meantime, under the premise of becoming bigger, better, and perfect, Xinmao Technology will extend its business to the relevant industries, and create new profit growth source that is in line with the future development direction, the needs of customers and the interests of the shareholders. In 2017, under the leadership of the Board of Directors, Xinmao Technology's management focused on implementing its strategy and realizing its annual business plan, and on industrial chain investment and construction, stock asset profit growth, cost reduction and efficiency improvement, and attaches importance to and maintains the relationships with partners, catching the optical communication production and sales opportunities in the market, and doubled revenue and net profit.

Xinmao Technology will keep national development strategy focused and market demand oriented, and achieve the industrialization of optical fiber preform manufacturing a.s.a.p. while consolidating the existing industries and product production and sales; strive to realize the industrial pattern of integrating “preform, fiber and cable” and timely expand relevant industries and develop products with competitive advantages. Xinmao Technology will take opportunities of M&A and related business investments, expanding its business scale and enhancing its profitability.

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http://mp.weixin.qq.com/s/8EVae4XY4X-r_cFooYBlPA