Hall of Shame

China Fiber Optic (3777 HK)

China Fiber Optic Network System Group Limited manufactures fiber optic patch cords.  The Company sells a range of fiber optic patch cords that are used in a variety of applications in the communications industry.  China Fiber Optic Network System Group also produces connection and distribution products and equipment room accessories.

In Aug 2015, Emerson Analytics published a report accusing China Fiber Optic of exaggerating its revenue by fabricating sales, inflating average selling price, and lying about quality of products. It is estimated that its revenue was exaggerated by 410x, and its profits 13x.

Emerson Analytics: China Fiber Optic - Shocking Lies, 7 Aug 2015

China Fiber Optic: Annual Report 2014