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10 The competitiveness report on "the Top 10 competitiveness enterprises in the optical communications industry of Global & China market in 2019” (Abstract Edition)
increasing by 10.7% than last year. From 2014 to 2017, the growth rate was 13.4%, 15.4%, 15.5% and 32.4% respectively. In
2018, the growth rate of the industry has decreased by 21.7 percentage points compared with that in 2017, showing a trend
of significantly accelerated decline. At the same time, the overall operating efficiency of the industry has declined, and the
proportion of capital expenditure in revenue has increased slowly.
The optical communication industry is still in the period of value inflow. The market-value-to-scale ratio, proposed by
Slywotzkyin 1999, is mainly used to measure the value transfer between industries. As of 2018, the market value scale of listed
optical communication enterprises has reached 4.43, which is less than 2017, but still higher than the critical point of threshold 2.
Therefore the industry is in the value inflow period of high growth and high income level.
(III) The industry will continue to develop sustainably
In 2019, with the structural reform of the supply side, the implementation of various policies, and the accelerated penetration
of information technology, the demand for intelligent and high-quality consumption will continue to upgrade. And this will
promote the sustainable and healthy development of the upstream industry, further accelerate the integration with the entity
economy, and promote the wide application of new technologies and keep expanding new industries.
Figure 7 Market-Value-to-Income Ratio of Listed Optical
Communication Enterprises and Typical Industries 2014-2018
In addition, the new kinetic energy is expected to develop rapidly. 2019 is the pivotal year for 5G commercial deployment.
The industry, research and application will work together to promote standards, R&D, testing and safety supporting work. By
accelerating the maturity of the industrial chain, the application based on 5G will continue to innovate, which will directly
benefit the fiber optic cable industry.
From 2019 Q2 to 2019 Q3, based on the precipice decline of the industry in the first half of the year, the development leading
index of China's optical fiber and cable industry shows a downward trend. In the next two quarters, the consensus index may
slightly decline, but it shall remain at about 100.5, which is at the critical point of the boom transformation. Although the
current China's optical fiber and cable market is significantly affected by changes in market supply and demand, it still faces
great pressure in the short term. It is predicted that in the next two quarters (2019 Q4 and 2020 Q1), China's optical fiber and
cable industry will continue to be in a downturn, with a range of 5%-15% slowing down. But in the future, with the launch of
5G large-scale network construction and data center, the industry outlook is bright with plenty of opportunities.
Figure 8 Forecast of the Development Trend of China's Optic & Fiber Cable Industry
In the end, I’m honored to express my sincere gratitude to all partners in optical communication industry for their long-
term help and support on behalf of all staffs of “The Annual Top 10 Competitiveness Enterprises in the Global/China Optical
Communication Field”. Thank you!