Advanced Fiber Resources (Zhuhai) Ltd. (hereinafter referred to as AFR) released the 2018 Annual Results Express. According to the express report, during the reporting period, AFR's total operating revenue was approximately 289 million yuan, an increase of 25.26% over the same period of the previous year. Operating profit was 93.394 million yuan, an increase of 35.68% over the same period of the previous year. The total profit increased by 35.59% over the same period of the previous year. The net profit attributable to shareholders of listed companies was 81.145 million yuan, an increase of 35.39% over the same period of the previous year.

According to the performance report, the main reasons for the increase in AFR 2018's total operating revenue include the industry's good business climate, the company's active development of domestic and foreign markets, strong competitiveness of products and continued growth in sales orders. The main reason for the increase in operating profit, total profit and net profit attributable to shareholders of listed companies was the increase in operating income during the reporting period and the appreciation of the US dollar resulting in certain exchange gains.

At the end of the reporting period, AFR's total assets were approximately 822 million yuan, an increase of 45.46% from the beginning of the period. This was mainly due to the continuous investment in the purchase of new equipment and fiber laser device expansion projects during the reporting period and the increase in fixed assets at the end of July 2018, and the acquisition of 100% equity of Shenzhen Vlink Optics Corporation and inclusion in the consolidated statements. .

This performance report is the result of preliminary calculations by the AFR financial department. The specific financial data company will disclose it in detail in the 2018 annual report.

Founded in 2000, AFR is principally engaged in the development and production of high performance fiber optic passive components. The company's main products include high-power optical passive components, polarization-maintaining passive components, various fiber lasers and optical network core modules, and fiber-optic micro-connectors.