Page 21 - 2020年光通信竞争力报告(摘要版)

10 The competitiveness report on "the Top 10 competitiveness enterprises in the optical communications industry of Global & China market in 2020” (Abstract Edition)

that the development of China's optical fiber and cable industry is still in the business range with the index greater
than 100. Otherwise, the declination of both consistent index and the leading index shows that the industry will
enter a new stage of transformation and adjustment.

Figure 4 Leading & Coincident & Lagging Index of Figure 5 Revenue Growth of
China’s Optical Fiber & Cable Listed Optical Fiber and Cable Enterprises

(II). The growth rate of revenue scale decelerated
Revenue growth slowed to -22.9%. In 2019, the revenue of listed optical fiber and cable enterprises totaled
RMB38.512 billion yuan, with a year-on-year decline of -22.9%. The revenue growth rate increased significantly,
with 15.4%, 15.5%, 32.4% and 10.7% from 2015 to 2018 respectively. In 2019, the industry growth rate decreased
by 33.6% points compared with 2018, showing an accelerating downward trend.

As the year 2020 passes, the optical fiber and cable industry is facing unprecedented challenges due to internal and
external factors such as accelerated network infrastructure construction, still severe epidemic situation, prominent
development problems in the industry, the affected macro economy, and complex and volatile international situation.
At the same time, new development opportunities are opening up in many areas. Looking forward to 2021, we
believe that China's optical fiber and cable industry as a whole will maintain steady development.

Figure 6 Forecast of the Development Trend OF China's Optical Fiber
and cable industry

Finally, all the members of the review team of "Network Telecom" and "Annual Global | China Top 10
Competitiveness Enterprises in Optical Fiber & Cable Field" would like to sincerely express our gratitude for the
participation and cooperation from the industry colleagues over the past 14 years!