Yangtze Optical Fibre And Cable Joint Stock Limited Company provided unaudited earnings guidance for the year ended December 31, 2022. For the year, the net profit attributable to shareholders of the Company was estimated to be in a range between RMB 1,100 million and RMB 1,200 million, representing an increase by a range between RMB 391 million and RMB 491 million, or 55% and 69% as year-over-year increase, compared with RMB 709 million for the year ended December 31, 2021. In the year of 2022, benefited from the continual development of digital economy initiatives in domestic market including 5G deployment, gigabytes broadband and the Eastern Data, Western Computing project etc., as well as the widespread implementation of telecommunication network construction such as the Fibre-to-the-Home in both developed and developing countries, the demand for the Company ' s major products continued to increase, and the industry's supply and demand dynamics have remained steady.

The Company further implemented strategic measures such as diversification and internationalisation, in which its overseas business had a relatively high growth rate, and had a positive impact on the Company's profitability in 2022. According to the Company's 2022 third quarterly report, as at the end of the third quarter of 2022, the Company recorded an increase of 55% in net profit attributable to shareholders of the Company as compare to the same period in 2021, and it has maintained solid business operation throughout the fourth quarter of 2022, the net profit attributable to shareholders of the Company is therefore expected to grow sequentially in the fourth quarter of 2022.