Page 13 - Market Analysis Report of Optical Communications Field in China & Global market 2019

II-VI
O-net
Fujikura
Accelink
Broadcom
Lumentum
Company
Zhongji Innolight
Hisense Broadband
Furukawa Electric
Sumitomo Electric
2
6
3
8
5
1
9
4
7
10
Ranking
18%
Sales
weight
2.6467
0.4248
1.3780
1.0218
1.9267
0.2414
1.3533
1.1437
0.7740
1.8738
revenues
Net
13%
assets
weight
0.0204
0.0342
0.1283
0.2034
0.1168
0.0056
0.0643
0.0247
0.0137
0.0466
Net
13%
profit
weight
0.0391
0.2110
0.1020
0.0768
0.2303
0.0777
0.0351
0.0679
0.0252
-0.0472
8%
assets
Return
weight
on total
0.0026
0.0035
0.0053
0.0023
0.0046
0.0020
0.0057
0.0054
0.0049
-0.0014
8%
on net
weight
assets
0.0108
0.0047
0.0075
Return
0.0089
0.0072
0.0060
0.0042
0.0067
0.0084
-0.0025
per
5%
Sales
weight
0.0244
0.0708
0.0506
-0.0235
-0.0305
-0.0255
-0.0083
employee
-0.0113
revenues
-0.0206
-0.0097
contribution
6%
weight
0.0166
0.0006
0.0353
0.0381
0.0175
0.0169
0.0148
0.0054
revenues
revenue
-0.0104
-0.0033
The ratio of
international
to total sales
14%
the released annual reports of the enterprises listed in the rankings, and make no more in subdivision.
weight
0.0038
0.0006
0.0232
0.0098
0.0483
0.0408
-0.0139
-0.0165
-0.0140
-0.0152
Standard value weighted of the financial data(70% weight)
for the last
three years
The average
growth rate of
sales revenues
calculated according to the contribution rate of the enterprise’s total profit rate, net assets and total assets.
15%
weight
0.1496
0.0050
0.0332
0.0016
0.0275
0.1249
0.0698
0.0066
-0.1500
-0.0049
for the last
of net profit
three years
growth rate
The average
$
data
Total
value
2.8510
2.6562
2.1017
0.8820
1.4167
0.5677
1.3412
1.6074
1.0895
standard
0.3216
weighted of
the financial
34%
weight
0.7278
0.7129
0.5061
0.7315
0.5662
0.5836
0.5703
0.4349
0.5903
0.7181
innovation
Technology
18%
weight
0.3505
0.3778
0.2899
0.3063
0.4561
0.3614
0.4179
0.4984
0.4424
0.3736
Customer
satisfaction
the relevant products in the optical communications division of the enterprise; Net assets data is collected from the optical communications division of the enterprise.
[-1,1]. With the consistency of statistical test, the overdone impact on overall standard value of financial data by the abnormal data of growth index can be eliminated.
12%
Brand
weight
0.3686
0.2921
0.3711
0.4477
0.3629
0.4363
0.3780
0.3894
0.2920
0.3501
awareness
11%
of net profits. The formula of calculating “return on net assets” is: Return on net assets=net profit before tax/ net assets; Return on total assets=Net profits before tax/ total assets.
weight
level of
0.3352
0.2914
0.2759
0.2686
0.3404
0.2934
0.2136
0.2839
0.1763
0.2071
enterprise
Management
25%
weight
culture
0.6374
0.6065
0.6203
0.6483
0.5803
0.5244
0.5839
0.6592
0.4007
0.6255
Corporation
Standard value weighted of the survey data(30% weight)
%
data
2.4382
2.2075
2.0877
2.0178
2.0747
2.4874
2.4012
2.1874
2.2887
1.6002
of the survey
Total standard
value weighted
index of
1.6539
1.0198
0.8305
2.1916
1.6052
1.3890
1.6254
1.2736
2.5908
2.7419
$ %
Comprehensive
competitiveness
Communications Field of Global & China Market (2019)
967
950
956
966
946
959
976
968
993
1000
score of
Comprehensive
competitiveness
The 13 th Ranking Event of Top 10 Competitiveness Enterprises in the Optical
Source of financial data
Ranking of "the Top 10 competitiveness enterprises in the optical components and auxiliary equipment field of Global market in 2019"
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
Annual report of listed company
64"
64"
64"
+BQBO
+BQBO
+BQBO
$IJOB
$IJOB
$IJOB
$IJOB
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
Country
revenues drops to the normal average 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 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
3 years far higher than the 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
Note 2: The calculation data of return on net assets and return on total assets are collected from the net profit, net assets and total assets of the communication division of the selected enterprises. If the enterprise listed does not reveal relevant data in its annual report, they will be
Note 1: For the financial data of sales revenues indicator, due to enterprises’ sales revenues derived from diversified products, the data we collect is based on the revenues of relevant products in each sub-sectors of optical communications division. Net profit data is collected from
Note 3: As for the four indicators of sales revenues contribution per employee, the ratio of international revenue to total sales revenues, the average growth rate of sales revenues for the last three years and the average growth rate of net profit for the last three years, we refer to
Note 5: 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 three years), the monitoring data of
Note 4: “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
13