HONG KONG, Feb. 7, 2012 /PRNewswire-Asia/ -- China Fiber Optic Network System Group Ltd. (parent company of Hebei Sapphire Communication Equipment Co., Ltd.; stock code: 3777), the largest manufacturer of fiber optic patch cords, is pleased to announce that it has been ranked number 15 in the top 100 of Forbes China's "2012 China's Most Promising Listed Companies", proving the company's outstanding performance in terms of profit, sales growth and return on equity.
This is Forbes China's eighth selection of the most promising small to medium enterprises (SME). The screening covered over 10,000 SMEs in China with revenue of RMB 5 million to RMB 1 billion in 2010. The rankings were calculated based on indicators of business growth (revenue growth and profit growth), return index (return on total assets and return on net assets), profitability index (net profit margin) and scale index (total revenue and net profit) for compound and weighted calculations, and adjusted based on operating conditions in 2011.