Reported Earnings • Aug 22
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: CN¥2.97 (up from CN¥0.19 in 2Q 2025). Revenue: CN¥6.11b (up 75% from 2Q 2025). Net income: CN¥2.43b (up CN¥2.29b from 2Q 2025). Profit margin: 40% (up from 4.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 36% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$122, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 26x in the Communications industry in Asia. Total returns to shareholders of 1,111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$134 per share. Announcement • Jul 31
Yangtze Optical Fibre and Cable Joint Stock Limited Company Announces Board and Committee Changes, Effective July 30, 2026 Yangtze Optical Fibre And Cable Joint Stock Limited Company approved the appointment of Dr. Tian Yu as a non-executive director. Approve the election and appointment of Dr. Peter Johannes Wijnandus Marie Bongaerts as a non- executive director of the fifth session of the board of directors of the Company; approve the election and appointment of Mr. Frank Franciscus Dorjee as an independent non-executive director of the fifth session of the board of directors of the Company; and appointment of Mr. Dai Yusi as an independent non-executive director of the fifth session of the board of directors of the Company. announced that Mr. Lars Frederick Persson, Mr. Pier Francesco Facchini and Mr. Hamavand Rayomand Shroff have retired from their positions as non-executive Directors, and Mr. Bingsheng Teng and Mr. Song Wei have retired from their positions as independent non-executive Directors, with effect from the conclusion of the EGM. appointed as a non-executive Director; each of Dr. Tian Yu and Dr. Peter Johannes Wijnandus Marie Bongaerts has been elected and appointed as a non-executive Director; each of Dr. Li Chang'ai and Mr. Tsang Hin Fun Anthony has been re-elected and appointed as an independent non-executive Director; and each of Mr. Frank Franciscus Dorjee and Mr. Dai Yusi has been elected and appointed as an independent non-executive Director, respectively, who together with Mr. Wang Ruichun (being the employee representative Director elected and appointed at the Company's first employees' representative meeting on July 10, 2026), constitute the fifth session of the Board. In view of the retirement of (i) Mr. Bingsheng Teng from his position as the chairman of the Nomination and Remuneration Committee and a member of the Strategy Committee, and (ii) Mr. Song Wei from his position as a member of the Nomination and Remuneration Committee and the chairman the Audit Committee, the Board has resolved that, with effect from July 30, 2026, (i) Mr. Dai Yusi has been appointed as a member of the Strategy Committee and the Audit Committee, (ii) Mr. Frank Franciscus Dorjee has been appointed as the chairman of the Nomination and Remuneration Committee and a member of the Strategy Committee, (iii) Dr. Guan Jingzhi has been appointed as a member of the Nomination and Remuneration Committee, and (iv) Dr. Li Chang'ai has been appointed as the chairman of the Audit Committee. Save as disclosed above, there has been no change in the composition of the Strategy Committee, the Audit Committee and the Nomination and Remuneration Committee. Ms. Lai Siu Kuen has resigned as and Ms. Wong Pui Kiu Ingrid ("Ms. Wong") has been appointed as the following positions of the Company, with effect from July 30, 2026. company secretary of the Company. Ms. Wong Pui Kiu Ingrid is currently a senior manager of Company Secretarial Services of Tricor Services Limited. Ms. Wong has over 10 years' experience in the corporate secretarial and legal advisory services. Ms. Wong is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute (HKCGI) and The Chartered Governance Institute (CGI) in the United Kingdom. 
