Page 23 - 2024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 China & Global market in 2024 (18th) (Abstract Edition)

322 million, 346 million, and 323 million core kilometers respectively, maintaining a relatively stable demand situation as a whole. In
2024, as of the end of September, the cumulative optical cable production in China was 200 million core kilometers. Compared with
the cumulative production in the same period of last year, the decline was 20.30%. The main reason for the production decline is still
insufficient demand and insufficient orders for optical fiber and cable enterprises.

In terms of the competitive landscape, major manufactures in China’s optical fiber and cable industry have undergone full competition
in multiple communication cycle constructions and formed a relatively stable industry pattern. According to “The Winner of The
Top 10 Competitiveness Enterprises in Optical Fiber and Cable Industry of China in 2024” list, YOFC, HTGD, FiberHome, ZTT,
TONGDING, ETERN, SDGI, Tongguang, FUTONG, and Nangfang are ranked in the top ten. In terms of market share, the top 10
leading manufactures occupy about 91.74% of the market share.

In terms of revenue, optical fiber and cable enterprises as a whole maintain a relatively stable state. According to annual report data,
the total revenue of major listed optical fiber and cable enterprises in China was about 41.5 billion yuan, basically the same as the
previous year.

Figure 4 Revenue of major listed optical fiber and cable enterprises in China from 2018 to 2023

In terms of market, major optical fiber and cable enterprises are accelerating the expansion of overseas market,. With the development
of China’s communication industry, the overall demand for optical fiber and cable will not decrease or disappear. However, it is a fact
that the current growth is slowing down. As the domestic market demand stabilizes, Chinese optical fiber and cable enterprises are
accelerating the exploration of overseas markets. In 2023, the annual export scale of optical fiber and cable enterprises is about 123
million cores. The main export regions are Asia, followed by South America and Europe. The export scale are about 40 million core,
28 million cores and 27 million cores respectively. The total export scale in North America is about 11 million cores, about 10 million
cores in Africa, and about 6.5 million cores in Middle East, and about 750,000 cores in other regions.

Figure5 Proportion of export regions of optical fiber and cable of major Chinese optical fiber
2023年中国主要光纤光缆a企nd业ca光bl纤e e光nt缆erp出ri口ses地in区2占02比3

5.27% 0.61%

22.72% 21.91% Europe
32.45% Asia
8.92% Africa
8.11% North America
South America
Middle East
Others

In the first half of 2024, the export scale of optical fiber and cable of major Chinese optical fiber and cable of major enterprises is about
73 million cores, which is approximately equivalent to 59.35% of the annual export scale of major Chinese optical fiber and cable
enterprises in 2023. If the export momentum is maintained, the export scale of optical fiber and cable in 2024 will slightly exceed that
in 2023.