Page 17 - Market Analysis Report of Optical Communications Field in China & Global market 2018

TFC
T&S
O-net
TIANYI
Accelink
Eoptolink
JONHON
HGTECH
HONGHUI
Company
Zhongji Innolight
Communications
4
5
9
7
8
6
2
1
3
10
Ranking
18%
Sales
weight
2.6334
0.1449
1.3788
1.0876
1.2307
0.8126
1.6408
0.6345
0.3658
0.1879
revenues
Net
13%
assets
weight
0.0992
0.0171
0.0056
0.0261
0.1222
0.0161
0.0233
0.0392
0.0243
0.0775
Net
13%
profit
weight
0.0404
0.0346
0.0665
0.0014
0.0085
0.1564
0.0209
0.0720
0.0403
0.1021
8%
assets
weight
Return
0.0515
0.0279
0.0484
on total
0.0188
0.0245
0.0139
0.0110
0.0251
-0.0099
-0.0103
8%
assets
on net
Return
weight
0.0181
0.0030
0.0071
0.0303
0.0621
0.0038
0.0089
0.0075
-0.0113
-0.0106
per
5%
Sales
weight
0.0174
-0.0345
0.4154
0.1051
-0.0169
0.0837
0.1168
0.0372
revenues
0.0353
-0.0186
employee
contribution
6%
weight
0.0567
0.0336
0.0495
0.0714
0.0062
0.0172
-0.0012
revenue
-0.0113
-0.0172
-0.0190
revenues
on overall standard value of financial data by the abnormal data of growth index can be eliminated.
The ratio of
to total sales
international
The formula of calculating “return on net assets” is: Return on net assets=net profit before tax/ net assets.
14%
weight
0.1400
0.0234
0.0829
0.1400
0.0328
0.1604
0.0090
-0.0437
-0.0375
-0.2038
for the last
Standard value weighted of the financial data(70% weight)
three years
The average
growth rate of
sales revenues
15%
weight
0.0048
0.0194
0.0006
0.0043
0.0026
0.1321
-0.0026
-0.0025
-0.0008
-0.0031
for the last
of net profit
three years
growth rate
The average
$
data
Total
value
0.5557
1.3087
3.0390
0.2997
standard
1.1341
2.2199
0.2889
1.3131
1.6938
0.9623
weighted of
the financial
business, while the data of the other 3 lists is the sales revenues of the related products in the sub-sectors of the optical communications industry.
34%
weight
0.3787
0.5230
0.3688
0.3345
0.7266
0.2870
0.3070
0.3758
0.2866
0.3064
innovation
Technology
18%
weight
0.4178
0.2491
0.2190
0.2550
0.2796
0.2739
0.2522
0.3656
0.2560
0.2769
Customer
satisfaction
12%
weight
Brand
0.3044
0.2967
0.1748
0.2883
0.2166
0.1653
0.1225
0.0994
0.1341
0.1386
awareness
11%
weight
level of
0.2995
0.1417
0.1798
0.1548
0.1552
0.1570
0.3477
0.2320
0.2419
0.2393
enterprise
Management
25%
weight
culture
0.1575
0.1484
0.1455
0.2317
0.1654
0.2633
0.5050
0.1392
0.2709
0.4182
Corporation
Standard value weighted of the survey data(30% weight)
%
data
1.0181
1.0592
1.4527
1.4038
1.6695
2.3015
1.4143
0.9359
0.9783
1.0410
of the survey
Total standard
value weighted
index of
Communications Field of China & Global Market (2018)
0.9671
1.3550
2.8177
0.7068
0.5146
1.9782
1.6865
0.5152
1.3373
1.0746
$ %
competitiveness
Comprehensive
946
930
917
929
912
889
890
960
900
1000
score of
Comprehensive
competitiveness
Note 1: Enterprises qualified for the competitiveness selection in the optical communications field of China shall have 2 or more items of relevant products as core businesses. CICT is the only company with 3 types of products that participates in the selection.
The 12 th Ranking Event of Top 10 Competitiveness Enterprises in the Optical
Ranking of "the Top 10 competitiveness enterprises in the optical components and auxiliary equipment & raw material field of China in 2018"
parent company
Annual report of listed
Source of financial data
Annual report of listed company
Annual report of listed company
Annual report of listed company
Annual report of listed company
Annual report of listed company
Annual report of listed company
Annual report of listed company
Annual report of listed company
Annual report of listed company
to improve it. That is, we set the upper and low limit of standard value in the increase indicators (the average growth rate of revenues for the last three years & the average growth rate of net profit for the last three years) within [-1,1]. With the co nsistency of statistical test, the overdone impact
Note 3: “Return on net assets” can be defined in different formula. To avoid the incomparable problem of net profit caused by the different corporate income tax rate in listed companies and unlisted companies, we define the molecular in the formula as net profit before tax instead of net profits.
Note 4: From the monitoring data, it is found that if the enterprise competitiveness comes mainly from the increase indicators (that is, the average growth rate of revenues for the last three years & the average growth rate of net profit for the last th ree years), the monitoring data of the enterprise
competitiveness is usually unstable. The main reason for the enterprise competitiveness instability is that the original sales revenues base in these enterprises was small and the increasing sales revenues of recent 2 years make the average growth rate of the past 3 years far higher than the
level and instead there is no higher growth in the other indicators, the monitoring index of the enterprise competitiveness will decline significantly. To avoid the impact of abnormal change in financial indicators on the objectivity of the enterprise competitiveness evaluation, we find a practical way
industry average level. The extremely high standard value of a certain indicator in the company may cause the standard value of financial data competitiveness index over high on the whole. But in the second or third years, when the growth rate of sales revenues drops to the normal average
Note 2: What makes the list of comprehensive competitiveness enterprises in the optical communications field different from the other lists of 3 sub-sectors is the data resource of the sales revenues indicator. The data of the former list comes from the total revenues in the optical communications
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