China, which has become the largest optical fiber and cable market in Asia-Pacific region, had a demand of about 17.4 million core kilometers in the year of 2005 and, the demand volume will have reached 29 million core kilometers by 2010 with the annual growth rate of around 10%.
At present, the average load rates of China's optical fiber capacity and optical cable capacity are 58.54% and 48.71% respectively, and the proportion of optical fiber capacity to the actual output has declined to the current 1.7 times from 3 times of the peak period. Meanwhile, the concentration degree of market shares has been further improved, which can be proven by the reduction of manufacturer amount (descending from 200 plus of the past years to the current 50-60 manufacturers); while the market is gradually concentrating towards a few enterprises powerful in scale, technology and capital, the top 3 manufacturers has owned a market share of over 50%.
Zhongtian Submarine Cable Co., Ltd., established in 2004, completed the investment and construction of new production lines in 2006. In 2007, the Company successively won the following bids: Caofeidian Crude Oil Port and Equipping Gas Pipelines Item, Nantong Telecom Item as well as Zhejiang Electric Power Item, and the Company's estimated sales revenue will exceed RMB 60 million in 2007.
Forecast on China's Optical Cable Demand
Forecast on the Company's Sales Income
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