China Optical Fiber (03777) Increases Fiber Optic Connector Capacity to 12 Million Units at the End of the Year

China Optical Fiber (03777) announced its interim results as of the end of June this year. During the period, the production capacity of fiber optic connectors was 9 million units, while the machine utilization rate was 118.9%, and the annual production capacity of soft optical cables was 13,000 kilometers. As for the wiring and The annual production capacity of auxiliary equipment in the engine room is 1,300 tons.

Kong Jingquan, executive director and chief financial officer, said that due to insufficient capacity in the first half of the year, the company’s machine utilization rate was more than 100%. He pointed out that after the company’s listing in July, it will endeavor to expand production capacity. It can be increased to 12 million sets. The soft fiber optic cable will add 9 production lines, increase the annual production capacity to 130,000 km, and increase the annual production capacity of wiring products and equipment room auxiliary products to 7,700 tons. It is planned to connect the fiber optic connectors next year. Capacity increased to 18 million units.

He pointed out that the expansion of production capacity involving 210 million yuan (the same below), all paid for by listed funds, he pointed out that the expansion of production capacity next year is about 50 million yuan.