FiberHome Telecommunication Technologies in Wuhan East Lake High-tech Development Zone (Optics Valley of China), central China’s Hubei province, released its annual report on April 14.

According to the report, the company achieved income of 21.06 billion yuan ($3.35 billion) in 2017, a year-on-year increase of more than 20 percent compared to the same period in 2016.

The company spent 2.14 billion yuan on research and development in 2017, a year-on-year increase of 15 percent. 

During the last 10 years, FiberHome has spent more than 10 billion yuan on research and development. 

Mainly engaged in the field of telecommunications, FiberHome is expected to make new developments with the arrival of the 5G era. 

The FiberHome Telecommunication Technologies building in Optics Valley of China [Photo provided to China Daily]