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Yangtze Optical Fibre and Cable Joint Stock Co
(OTC:6869)
Yangtze Optical Fibre and Cable Joint Stock Co (6869) vs. S&P 500 (SPY)
Yangtze Optical Fibre and Cable Joint Stock Co Business Overview & Revenue Model
Yangtze Optical Fibre and Cable Joint Stock Co Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 13.35B | 13.83B | 9.54B | 8.22B | 7.77B | Gross Profit |
| 3.27B | 3.24B | 1.87B | 1.79B | 1.83B | EBIT |
| 1.22B | 1.17B | 718.33M | 580.65M | 877.79M | EBITDA |
| 2.30B | 1.95B | 1.00B | 1.01B | 1.23B | Net Income Common Stockholders |
| 1.30B | 1.17B | 708.51M | 543.68M | 801.23M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.94B | 5.67B | 4.30B | 2.34B | 2.13B | Total Assets |
| 29.14B | 28.20B | 19.48B | 15.86B | 13.78B | Total Debt |
| 8.50B | 6.80B | 4.55B | 2.80B | 1.60B | Net Debt |
| 4.60B | 2.48B | 1.78B | 1.36B | -522.73M | Total Liabilities |
| 14.74B | 13.67B | 8.89B | 6.47B | 4.83B | Stockholders Equity |
| 11.31B | 10.14B | 9.78B | 9.05B | 8.79B |
| Cash Flow | Free Cash Flow | |||
| -748.28M | -633.67M | -546.85M | -468.25M | 91.00M | Operating Cash Flow |
| 1.51B | 1.59B | 526.74M | 140.87M | 842.66M | Investing Cash Flow |
| -2.61B | -2.19B | -1.39B | -1.55B | -667.07M | Financing Cash Flow |
| 643.40M | 1.98B | 2.29B | 719.48M | -720.93M |
Yangtze Optical Fibre and Cable Joint Stock Co Technical Analysis
Yangtze Optical Fibre and Cable Joint Stock Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $47.78B | 10.87 | 9.62% | 2.69% | 11.54% | 16.09% | |
75 Outperform | $56.43B | 9.76 | 8.13% | 5.23% | 15.29% | -9.20% | |
71 Outperform | €724.21B | 13.68 | 7.35% | 5.25% | 1.82% | 5.31% | |
66 Neutral | HK$1.50B | 8.19 | 20.34% | 6.31% | -0.87% | -3.46% | |
64 Neutral | $20.34B | 13.77 | 6.68% | 4.39% | 0.24% | -31.74% | |
60 Neutral | $10.77B | 10.41 | -6.71% | 2.99% | 7.69% | -13.12% |
Yangtze Optical Fibre and Cable Joint Stock Co Corporate Events
Yangtze Optical Fibre and Cable Joint Stock Co announced its 2025 First Quarterly Report, highlighting significant financial growth. The company reported a 21.23% increase in operating income and a 161.91% rise in net profit attributable to equity shareholders compared to the same period last year. This unaudited report, approved by the board, indicates a robust start to the year, with notable improvements in net cash generated from operating activities and earnings per share. These results suggest a strong market position and potential positive implications for stakeholders.
Yangtze Optical Fibre and Cable Joint Stock Co announced the resignation of Mr. Philippe Claude Vanhille from his roles as non-executive director, vice chairman, and strategy committee member due to changes in his work arrangement. Mr. Vanhille, who has been with the company since 2013, will continue in his roles until a new director is appointed at the 2024 AGM. The company has nominated Mr. Hamavand Rayomand Shroff as the new non-executive director, pending shareholder approval. Mr. Shroff, with extensive experience in the APAC region, is expected to bring valuable expertise to the company, potentially impacting its strategic direction and operations.
Yangtze Optical Fibre and Cable Joint Stock Co announced that its board of directors will convene on April 29, 2025, to review and approve the unaudited financial results for the first quarter ending March 31, 2025. This meeting is crucial for assessing the company’s financial health and strategic direction, impacting stakeholders’ insights into its operational performance and market positioning.
Yangtze Optical Fibre and Cable Joint Stock Co announced the expiration of its Framework Agreement and the postponement of the Cutlite Acquisition due to unresolved terms. The company is proceeding with the acquisition of a 59.1837% equity interest in PLZ, with a price adjustment mechanism in place to address performance uncertainties in the volatile laser industry. This acquisition aims to create synergies in market expansion and technology development, supporting long-term growth despite short-term performance challenges.
Yangtze Optical Fibre and Cable Joint Stock Co has proposed the adoption of a 2025 Employee Share Ownership Plan (ESOP) to improve corporate governance and incentivize core employees. The plan involves repurchasing A Shares and transferring them to eligible participants, including directors and senior management, without issuing new shares. This initiative is subject to shareholder approval and aims to align employee and shareholder interests while enhancing company performance.
Yangtze Optical Fibre and Cable Joint Stock Co has announced a proposed acquisition of a 59.1837% equity interest in PLZ, making PLZ a non-wholly-owned subsidiary. This acquisition, valued at RMB239,959,832, is expected to consolidate PLZ’s financial results into the company’s statements, potentially enhancing its market position and operational capabilities.
Yangtze Optical Fibre and Cable Joint Stock Co announced its audited annual results for 2024, reporting a decrease in operating income by 8.7% to RMB12,197.4 million. Despite the decline in revenue, the company’s gross profit margin improved to 27.3%. However, net profit attributable to equity shareholders fell by 47.9% to RMB675.9 million. The company experienced a decrease in both domestic and overseas revenue, and the Board recommended a reduced final dividend of RMB0.268 per share.
Yangtze Optical Fibre and Cable Joint Stock Co announced a final cash dividend of RMB 0.268 per share for the financial year ending December 31, 2024, with payment scheduled for August 15, 2025. The announcement includes details on withholding tax rates for non-resident enterprise shareholders and individual mainland investors, indicating a structured approach to dividend distribution and tax compliance.
Yangtze Optical Fibre and Cable Joint Stock Co has announced that its board of directors will convene on March 28, 2025, to approve the annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment and address other business matters, potentially impacting the company’s financial strategy and stakeholder interests.