Yangtze Optical Fibre And Cable Joint Stock : 2021 Third Quarterly Report

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長飛光纖光纜股份有限公司

Yangtze Optical Fibre and Cable Joint Stock Limited Company*

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 6869)

2021 THIRD QUARTERLY REPORT

This announcement is issued by Yangtze Optical Fibre and Cable Joint Stock Limited Company* 長飛光纖光纜股份有限公司 (the "Company", together with its subsidiaries, the "Group")

pursuant to the Inside Information provision under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The 2021 third quarterly report (unaudited, the "Quarterly Report") contained in this announcement has been prepared in accordance with China Accounting Standards of Business Enterprises and the requirements on preparation and disclosure of quarterly report issued by China Securities Regulatory Commission, and has been approved by the board of directors (the "Board") of the Company.

1. IMPORTANT NOTICE

1. The Board, board of supervisors, directors, supervisors and senior management officers of the Company undertake the authenticity, accuracy and completeness of the contents contained in this quarterly report without false representation, misleading statement or material omission, and they jointly and severally accept full responsibility.
2. The head of the Company, the person in charge of the accounting affairs and the head of the accounting department (accounting director) warrant that the financial statements contained in this Quarterly Report are authentic, accurate and complete.
3. The Quarterly Report of the Company is unaudited.

• For identification purpose only

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1. MAJOR FINANCIAL DATA

2.1 Major accounting data and financial indicators

		(Expressed in Renminbi "RMB")
		Increase/		Increase/
		decrease		decrease
	The	compared to	The	compared to
	quarterly	the same	reporting	the same
	period	quarter of	period	period of
Item	(Note I)	last year (%)	(Note II)	last year (%)
	(Unaudited)		(Unaudited)
Operating income	2,436,851,772	19.71	6,788,542,423	24.73
Net profit for the period attributable to
shareholders of the Company	84,998,570	(40.70)	564,153,787	38.98
Net profit for the period attributable to shareholders
of the Company excluding non-recurring items	72,694,527	(42.31)	233,530,633	(36.96)
Net cash used in operating activities	Not applicable	Not applicable	(11,113,003)	(94.57)
Basic earnings per share (RMB)	0.11	(42.11)	0.75	38.89
Diluted earnings per share (RMB)	0.11	(42.11)	0.74	37.04
		Decreased by		Increased by
		0.72 percentage		1.5 percentage
Weighted average return on equity (%)	0.90	point	6.09	points
				Increase
				compared to
		30 September	31 December	the end of
		2021	2020	last year (%)
		(Unaudited)	(Audited)
Total assets		18,747,959,654	15,855,597,394	18.24
Total equity attributable to equity shareholders of the Company	9,529,917,696	9,047,489,832	5.33

Note I: The quarterly period refers to the three months from the beginning of the quarter to the end of the quarterly period.

Note II: The reporting period refers to the nine months from the beginning of the year to the end of the reporting period.

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2.2 Non-recurring items and amount
✓ Applicable □Not applicable
			(Expressed in RMB)
	The		The
	quarterly		reporting
Items	period		period	Note
Gains or losses from disposal of non-current assets	(299,632)	(1,579,308)
Government grants accounted into current gains or losses (other than
government grants closely related to the businesses of the Company,
and in a fixed or quantifiable amount in conformity with the common
standards of the State)	17,197,705		46,173,206
The investment cost of subsidiaries, associates and joint ventures
obtained by the enterprise is less than the income from the fair value of
the identifiable net assets of the invested entity at the time of obtaining
the investment	-	27,867,228
Changes in fair value of financial assets and liabilities held for trading,
and investment income from disposal of financial assets and liabilities
held for trading and available-for-sale financial assets, other than those
held for effective hedging related to normal operations	(297,940)	320,763,360
Other non-operating income and expenses other than the above items	(173,198)	929,211
Other items accorded with the definition of non-recurring profit or loss	(43,620)	868,112
Income tax effect	(2,572,731)	(59,882,177)
Impact on non-controlling interests (after tax)	(1,506,541)	(4,516,478)
Total
12,304,043			330,623,154

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2.3 Changes and reasons of major accounting data and financial indicators

✓ Applicable □Not applicable

Proportion of

Itemchanges Main reason

(%)

Net profit for the period attributable to shareholders of the Company - the quarterly period

Net profit for the period attributable to shareholders of the Company excluding non-recurring items - the quarterly period

Basic earnings per share (RMB) - the quarterly period

Diluted earnings per share (RMB) - the quarterly period

Net profit for the period attributable to shareholders of the Company excluding non-recurring items - the reporting period

Net profit for the period attributable to shareholders of the Company - the reporting period

Basic earnings per share (RMB) - the reporting period

Diluted earnings per share (RMB) - the reporting period

Net cash used in operating activities - the reporting period

(40.70) Mainly because the average unit price of common optical fibre and cable products decreased by approximately 30% during the central biddings of domestic operators compared with the same period last year

(42.31) The same as above

(42.11) The same as above

(42.11) The same as above

(36.96) The same as above

38.98 Mainly due to the income from changes in fair value of financial assets held for trading in the current period of approximately RMB320.8 million

38.89 The same as above

37.04 The same as above

(94.57) Mainly because the net increase of operating receivables, payables and inventories decreased by approximately RMB266.7 million

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III. INFORMATION OF SHAREHOLDERS

3.1 Total number of shareholders, the shareholding of top ten shareholders and top ten tradable shareholders (or unrestricted shareholders) as at the end of the reporting period

						Unit: share
Total number of shareholders						24,121
	Shareholding of top ten shareholders
	Shareholding as
	the end of the	Percentage	Restricted	Pledged or locked-up	Nature of
Name of shareholders (full name)	reporting period	(%)	shareholding	Status	Number	shareholders
China Huaxin Post and	179,827,794	23.73	0	Nil	0	State-owned
Telecom Technologies Co., Ltd.						legal person
Draka Comteq B.V.	179,827,794	23.73	0	Nil	0	Overseas legal person
HKSCC Nominees Limited	171,576,849	22.64	0	Nil	0	Overseas legal person
Wuhan Yangtze Communications	119,937,010	15.82	0	Nil	0	State-owned
Industry Group Co., Ltd.						legal person
Ningbo Ruitu Business Management	12,421,390	1.64	0	Nil	0	Others
Consulting Partnership Enterprise
China Resources Shenguotou Trust Co., Ltd.	8,106,477	1.07	0	Nil	0	Others
- China Resources Trust • Shengli
No. 5 Single Fund Trust
Ningbo Ruiying Business Management	6,533,500	0.86	0	Nil	0	Others
Consulting Partnership Enterprise
Hong Kong Securities Clearing Company Ltd	6,530,120	0.86	0	Nil	0	Overseas legal person
Ningbo Ruiqi Business Management Consulting	2,465,345	0.33	0	Nil	0	Others
Partnership Enterprise
Ningbo Ruiyue Business Management Consulting	1,698,910	0.22	0	Nil	0	Others
Partnership Enterprise

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