Yangtze Optical Fibre and Cable Joint Stock Limited Company, based in Optics Valley, Wuhan, Hubei province [Photo provided to China Daily]

Yangtze Optical Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), based in the East Lake High-tech Development Zone (Optics Valley of China) in Wuhan, capital of Hubei province, recently released its annual report for 2018.

The company reported annual revenue of 11.36 billion yuan ($1.69 billion), which represents a year-on-year growth of 9.6 percent. Revenue from overseas operations increased by 62.5 percent over 2017.

YOFC is the world's largest supplier of fiber optic cable preforms, optical fibers, and optical cables.

Established in 1988, YOFC was listed on the main board of the Hong Kong Stock Exchange in 2014, and on the Shanghai Stock Exchange in 2018, becoming the first company in China's optical fiber and cable industry to list both A and H shares.

Taking advantage of the rapid development of China's 5G services, YOFC has promoted innovation in products, technology, and management to increase its market share.

Over the past year, revenue from domestic customers amounted to approximately 9.48 billion yuan, accounting for 83.4 percent of the company’s total.

The company also worked to expand its international market, establishing plants in Myanmar, Indonesia, and South Africa.

This year, YOFC expects to further expand its overseas operations and establish offices in more countries.

YOFC executives release a report on the company's performance in 2018, Hong Kong. [Photo provided to China Daily]

The State Key Laboratory of Optical Fiber and Cable Manufacture Technology in YOFC [Photo provided to China Daily]