四威科技(01202)发布公告，为加强本公司的研发能力，并进一步实施创新驱动发展战略，包壁祯先生 (包先生)已获委任为本公司副总经理，自2025年7月31日起生效。 ...

成 都 四 威 科 技 股 份 有 限 公 司 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 或任何部分內容而生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHENGDU SIWI SCIENCE AND TECHNOLOGY COMPANY LIMITED （在中華人民共和國註冊成立之中外合資股份有限公司） （股份編號：1202） 委任副總經理 成都四威科技股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈，為加強本公 司之研發能力，並進一步實施創新驅動發展戰略，包壁禎先生（「包先生」）已獲委 任為本公司副總經理，自二零二五年七月三十一日起生效。 包先生的履歷詳情如下： 包先生，41歲，持有中國電子科技大學機電工程碩士學位，為一名高級工程師。 彼曾於成都四威高科技產業園有限公司技術部、智能集成事業部及智能設備事業 部、產品研發部分別擔任副主任及主任職務，亦曾任該公司黨支部委員及產品黨 支部書記，以及本公司助理總經理。包先生具備豐富技術專業知 ...

本文源自：金融界AI电报 四威科技(01202.HK)发布公告，预期截至2025年6月30日止六个月公司合并净利润约人民币101万元，归 属于公司所有者的净利润约人民币42万元，而截至2024年6月30日止六个月公司合并净利润人民币48万 元，归属于公司所有者的净利润人民币226万元。 ...

四威科技(01202)发布公告，预期截至2025年6月30日止六个月公司合并净利润约人民币101万元，归属 于公司所有者的净利润约人民币42万元，而截至2024年6月30日止六个月公司合并净利润人民币48万 元，归属于公司所有者的净利润人民币226万元。 公司合并净利润增加主要由于光纤业务销量增加带动收入增长，加上本期间采取有效措施控制成本;归 属于公司所有者的净利润减少主要由于受线缆业务市场环境下滑、重要客户招标延迟等因素影响，导致 公司收入及毛利下降。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 成 都 四 威 科 技 股 份 有 限 公 司 CHENGDU SIWI SCIENCE AND TECHNOLOGY COMPANY LIMITED 成都四威科技股份有限公司 李濤 （在中華人民共和國註冊成立之中外合資股份有限公司） （股份編號：1202） 盈利預告 本 公 告 乃 由 成 都 四 威 科 技 股 份 有 限 公 司（「 本 公 司 」， 連 同 其 附 屬 公 司 統 稱「 本 集 團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及香港法 例第571章證券及期貨條例第XIVA部項下之內幕消息條文（ 定義見上市規則 ）而作 出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者， 按照董事會對本集團截至二零二五年六月三十日止六個月（「本期間」）之未經審核 綜合管理 ...

Financial Performance - The company's operating revenue for 2024 was RMB 302.07 million, a decrease of 25% compared to RMB 403.64 million in 2023[6]. - The company reported a profit attributable to shareholders of RMB 1.15 million for 2024, down from RMB 20.75 million in 2023[6]. - The company's revenue for the year was approximately RMB 302.07 million, a decrease of 25.16% compared to RMB 403.64 million in the previous year[17]. - The company's net profit attributable to shareholders was approximately RMB 1.15 million, recovering from a net loss of RMB 2.77 million in the previous year[18]. - The pre-tax profit for 2024 is RMB 1,241.46 thousand, down from RMB 3,465.74 thousand in 2023, indicating a decline of 64.2%[43]. - The company's net profit attributable to shareholders for 2024 is RMB 1,149.74 thousand, a decrease of 58.6% from RMB 2,771.71 thousand in 2023[43]. Assets and Liabilities - The total assets increased to RMB 1,004.72 million in 2024 from RMB 995.77 million in 2023, while total liabilities rose to RMB 137.86 million from RMB 130.69 million[7]. - Total assets grew by 0.9% to RMB 1.00 billion, with current assets accounting for 75.89% of total assets[19]. - Total liabilities increased by 5.48% to RMB 137.86 million, with current liabilities making up 58.22% of total liabilities[20]. - The asset-liability ratio rose to 13.72%, indicating a manageable long-term debt risk[22]. - Total liabilities and equity as of December 31, 2024, were RMB 1,004,717,519.26, up from RMB 995,768,004.39 the previous year[28]. Research and Development - Research and development investment increased by 28.32% year-on-year, with 21 R&D projects deployed, resulting in 24 new products launched[14]. - The company plans to enhance its research and development efforts to address technology risks and meet customer demands more effectively[58]. - The company aims to accelerate the R&D of special optical fibers and modules, focusing on enhancing production capacity and efficiency[35]. Operational Efficiency - The company emphasized the importance of digital assembly lines to improve production capacity and efficiency[9]. - The on-time delivery rate for products reached 99.41%, with a 30.86% increase in the completion rate of planned tasks in the electrical assembly business[15]. - Continuous efforts will be made to reduce costs and improve efficiency across the entire production cycle[37]. Market Strategy - The company aims to enhance brand building and customer trust while focusing on quality and innovation in 2025[33]. - The market strategy includes maintaining existing markets, exploring traditional demands, and expanding new product applications, particularly in optical and electrical products[34]. - The company faced challenges in market expansion, R&D capabilities, and production capacity during its transformation process[11]. Corporate Governance - The board consists of 9 members, including 2 executive directors, 4 non-executive directors, and 3 independent non-executive directors[141]. - The company has maintained its commitment to corporate governance principles, emphasizing quality board, effective internal controls, and accountability to shareholders[135]. - The audit committee is entirely composed of independent non-executive directors, responsible for overseeing the financial reporting process[144]. - The company has established measures for investor communication to enhance transparency and accountability[146]. Human Resources - As of December 31, 2024, the total number of employees in the group is 436, with total employee costs amounting to approximately RMB 68,330,639, a decrease from RMB 72,679,953 in the previous year, representing a reduction of about 6%[84]. - The company has established a comprehensive compensation system, with employee remuneration based on position level, capability, and performance, ensuring fair compensation practices[84]. - The company is addressing human resource risks by controlling the increase of idle personnel and implementing an annual recruitment plan[59]. Risk Management - The company is focusing on risk management strategies to balance risk and return, with an emphasis on monitoring key risk indicators[54]. - The company has established a compliance, internal control, and risk management system, led by a Compliance and Risk Management Committee[177]. - The board of directors is responsible for maintaining the company's risk management and internal control systems to protect shareholder interests[176]. Related Party Transactions - The company has confirmed that all related party transactions are conducted under fair and reasonable terms, benefiting the overall interests of shareholders[120]. - The company continues to engage in related transactions with its indirect controlling shareholders, ensuring compliance with listing rules[107]. Audit and Compliance - The audit committee reviewed the audited financial statements and annual performance, confirming compliance with applicable accounting standards and legal requirements[132]. - The auditor, Deloitte, has been reappointed and will be eligible for reappointment at the upcoming annual general meeting[133]. - Key audit matters identified include accounts receivable impairment and inventory net realizable value[197].

Financial Performance - Total revenue for the current period is CNY 302,066,668.88, a decrease of 25.1% compared to CNY 403,641,154.18 in the previous period[14]. - Operating costs for the current period amount to CNY 238,929,176.04, down from CNY 319,584,656.92, reflecting a reduction of 25.2%[14]. - Net profit attributable to shareholders of the parent company is CNY -272,912,958.36, slightly improved from CNY -274,062,703.01 in the previous period[11]. - Total profit for the current period is CNY 1,241,457.89, down from CNY 3,465,743.41 in the previous period[17]. - Net profit attributable to shareholders is CNY 1,149,744.65, a decrease from CNY 2,771,712.63 in the previous period[26]. - The total comprehensive income for the current period is CNY 1,241,457.89, compared to CNY 21,439,214.27 in the previous period[26]. - Basic earnings per share for the current period is CNY 0.0029, down from CNY 0.01 in the previous period[26]. Assets and Liabilities - The total assets of Chengdu Siwi Science and Technology Company Limited as of December 31, 2024, amounted to RMB 1,004,717,519.26, an increase from RMB 995,768,004.39 in the previous period[7]. - Current assets totaled RMB 762,450,955.52, compared to RMB 750,445,119.08 in the previous year, reflecting a growth of approximately 1.4%[4]. - Non-current assets totaled RMB 242,266,563.74, slightly down from RMB 245,322,885.31, representing a decrease of about 1.1%[7]. - The company reported a total liability of RMB 762,450,955.52, which is consistent with the previous year's figures[4]. - The total equity of the company as of December 31, 2024, was RMB 242,266,563.74, reflecting a stable financial position[7]. - Total liabilities and shareholders' equity reached CNY 1,004,717,519.26, an increase from CNY 995,768,004.39[11]. Cash Flow - Cash inflow from operating activities is CNY 368,596,208.73, compared to CNY 338,538,275.94 in the previous period[28]. - The net cash flow from operating activities is CNY 86,125,476.16, a significant improvement from a negative CNY 120,213,835.43 in the previous period[28]. - The company reported a net increase in cash and cash equivalents of 67,262,956.25 RMB, compared to a decrease of -105,655,746.94 RMB in the previous period[37]. - The ending cash and cash equivalents balance was 440,790,899.45 RMB, up from 373,527,943.20 RMB at the beginning of the period[37]. Research and Development - Research and development expenses increased to CNY 15,077,845.62 from CNY 11,750,168.16, representing a rise of 28.5%[14]. - The company is focusing on developing new products to meet evolving customer demands and market trends[4]. - The company is investing in new technologies to enhance its product offerings and increase market competitiveness[1]. - Research and development team personnel increased by 39% year-on-year, with specialized teams established for different product lines[152]. Market Strategy and Expansion - The company plans to expand its market presence and invest in new technologies to enhance its competitive edge in the industry[4]. - Market expansion strategies are being implemented, targeting new geographical regions to increase market share[39]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[39]. - The company aims to deepen market penetration by promoting new applications of existing products and expanding into new markets, particularly in the optical fiber sector[174]. Shareholder Information - The company has a total of 400,000,000 shares outstanding, maintaining a stable share structure[1]. - The company is committed to enhancing shareholder value through consistent dividend payments and share buyback programs[1]. - The company did not distribute any final dividends for the year, consistent with the previous year[195]. Governance and Compliance - The financial statements were approved by the board of directors on March 21, 2025[45]. - The company has assessed its ability to continue as a going concern and found no significant doubts regarding its sustainability[49]. - The company has not arranged any other fundraising activities during the year[162]. - The company has made adjustments to its governance structure by abolishing the supervisory board, with the audit committee taking over its responsibilities[197]. Employee and Human Resource Management - Employee count as of December 31, 2024, was 436, with a focus on performance-based compensation and professional development opportunities[169]. - The company is facing human resource risks due to a weak R&D team and plans to control the increase of idle personnel while actively recruiting qualified candidates[187]. Risks and Challenges - The company has identified five key risks for 2025 and established three monitoring indicators for each risk, setting warning thresholds and indicator weights[180]. - The company is addressing the risk of high accounts receivable and inventory levels by implementing measures to accelerate cash flow and reduce bad debt losses[181].

Revenue Performance - The total operating revenue for the period was RMB 143,945,328.65, representing a decrease of approximately 7.83% compared to the same period last year[1]. - Revenue from the cable business amounted to RMB 18,547,673.22, an increase of approximately 24.08% year-on-year[1]. - Revenue from the optical cable component business reached RMB 31,538,990.27, reflecting a significant increase of approximately 107.98% compared to the previous year[1]. - Sales of optical fibers by Chengdu SEI amounted to RMB 73,188,849.36, representing a decrease of 30.04% year-on-year[1]. - The increase in revenue from principal businesses was mainly due to higher sales volumes of cable components and cables, alongside effective cost control measures[1]. - The total operating revenue for the first half of 2024 was RMB 143,945,328.65, a decrease of 7.8% compared to RMB 156,171,066.88 in the same period last year[46]. - The company reported a significant increase in revenue for the first half of 2024, achieving a total of 1.2 billion, representing a 15% growth compared to the same period last year[92]. - The company reported a revenue of 1.2 billion RMB for the first half of 2024, representing a 15% increase compared to the same period last year[103]. Research and Development - The company is increasing its research and development efforts to produce new optical fibers with better performance[2]. - The Company established a professional team for the optical communication products department, with a facility inaugurated in April 2024, and plans to invest RMB1.50 million in eight new product types, covering 27 models, with 13 models already in market sales and production delivery[5]. - R&D expenses increased to RMB 6,797,216.90, representing a rise of 42.9% compared to RMB 4,752,554.74 in the prior period[46]. - The company is investing heavily in R&D, with a budget increase of 25% to enhance technology development and innovation[92]. - The company plans to invest $20 million in research and development for new technologies over the next year[97]. Financial Position - As of June 30, 2024, the Group's total assets amounted to RMB1,003,258,677.86, representing an increase of 0.75% from RMB995,768,004.39 at the end of last year[16]. - The Group's net cash flows from operating activities for the period amounted to RMB103,007,492.33, an increase of 305.89% compared to RMB-50,029,852.32 for the corresponding period last year[16]. - The Group's bank balances and cash reached RMB472,771,617.31, reflecting a 26.54% increase from RMB373,607,624.23 at the end of last year[16]. - The Group's total liabilities amounted to RMB136,976,152.11, with a liability-to-total-asset ratio of 13.65%, an increase of 0.53% from 13.12% at the end of last year[16]. - The total equity attributable to the parent company increased to RMB 779,541,759.66, compared to RMB 776,647,325.75, a slight increase of 0.2%[44]. - The company reported a net income of $75 million, reflecting a 30% increase compared to the same period last year[97]. Cost Management - The company is actively negotiating with key suppliers to reduce raw material procurement costs and improve production efficiency[2]. - Selling expenses increased by 14.72% to RMB2,608,259.24, while administrative expenses decreased by 35.88% to RMB20,601,215.58[16]. - Operating expenses were controlled effectively, showing a decrease of 5% compared to the same period last year[92]. - The company plans to implement cost-cutting measures to improve profitability, targeting a reduction of 10% in operational costs by the end of 2024[103]. Risk Management - The Company identified 5 key corporate risks for focused control in 2024, establishing 7 priority control risks with 25 monitoring thresholds[14]. - The Company maintained a bottom line of preventing major risks through continuous risk assessment and monitoring, establishing a "Big Supervision and Big Risk Control" system[28]. - The Company strengthened the financial management system, optimizing product quotation details and compiling monthly reports on signed contracts and budget implementation to support economic operational targets[10]. Employee Management - A dual-mentor system was introduced in 2024 to enhance the skilled workforce and improve employees' technical skills[4]. - Employee remuneration for the six months ended June 30, 2024, was RMB30,607,471.88, compared to RMB25,893,484.70 for the same period in 2023, representing an increase of approximately 18.5%[34]. - The Group aims to improve accounts receivable management and inventory management to reduce bad debt losses and excessive inventory[31]. Market Expansion - The company aims to promote high value-added products and expand into overseas markets[18]. - The company is actively developing new customers while securing new orders from existing clients[19]. - Market expansion plans include entering three new international markets by Q4 2024, aiming for a 5% market share in each[93]. Corporate Governance - The company has adopted the Model Code for securities transactions, ensuring compliance by all Directors and Supervisors during the reporting period[39]. - The interim results announcement was published on the Stock Exchange and the company's website, ensuring transparency and accessibility for shareholders[39]. - The company is committed to regular reviews of its corporate governance to enhance performance and accountability[39]. Accounting Policies - The financial statements are prepared in accordance with the requirements of China Accounting Standards for Business Enterprises (CASBEs)[84]. - The company utilizes an accrual basis for accounting, with historical cost as the primary measurement basis, except for certain financial instruments measured at fair value[80]. - The company emphasizes significant accounting policies and estimates related to financial instruments and their classification[107]. Cash Flow Management - Cash flows from operating activities generated a net cash inflow of CNY 103,007,492.33, a recovery from a net outflow of CNY -50,029,852.32 in the previous period[50]. - The company achieved a significant increase in cash inflows from operating activities, totaling RMB 145,099,995.65, compared to RMB 53,253,970.28 in the previous year, representing a growth of approximately 172%[67]. - The company reported a significant increase in cash payments to employees, totaling CNY 69,883,512.25, compared to CNY 124,109,420.60 in the previous period[50]. Inventory Management - The company reported a comprehensive inventory accounting policy, including a perpetual inventory system and a month-end weighted average pricing method for inventory valuation[152]. - The company has established a method for determining expected credit losses on contract assets, utilizing historical credit loss experience and current economic conditions[154]. - The company emphasizes the importance of maintaining accurate records and assessments for both inventory and contract assets to support financial stability[154].

Financial Performance - For the six months ending June 30, 2024, the total revenue of the company was RMB 143,945,328.65, representing a decrease of approximately 7.83% compared to the same period last year[1]. - During this period, the sales revenue from optical fiber, optoelectronic products, cables, and related products totaled RMB 122,499,740.59, a decrease of about 8.53% year-on-year. The main subsidiary, Chengdu Zhongzhu Optical Fiber Co., Ltd., reported sales of RMB 73,188,849.36, down 30.04% from the previous year[1]. - The profit attributable to shareholders for the period was RMB 2,264,382.85, compared to a loss of RMB 2,453,057.48 in the same period last year. The loss attributable to minority shareholders was RMB 1,784,416.22, while last year it was a profit of RMB 3,092,233.40[1]. - Total revenue for the first half of 2024 was CNY 143,945,328.65, a decrease of 7.8% compared to CNY 156,171,066.88 in the previous period[6]. - Operating profit for the first half of 2024 was CNY 475,365.22, down from CNY 633,310.65 in the previous period, reflecting a decline of 25%[6]. - Net profit for the first half of 2024 was CNY 479,966.63, compared to CNY 639,175.92 in the previous period, indicating a decrease of 25%[7]. - Basic earnings per share for the first half of 2024 was CNY 0.0057, recovering from a loss of CNY 0.01 in the previous period[10]. - The average gross profit margin for the period was 19.70%, a decrease of 4.96% from 24.66% in the same period last year[78]. Assets and Liabilities - As of June 30, 2024, current assets totaled RMB 764,238,780.44, compared to RMB 750,445,119.08 at the end of the previous period[2]. - Cash and cash equivalents at the end of the period amounted to RMB 472,771,617.31, an increase from RMB 373,607,624.23 in the previous period[2]. - Accounts receivable decreased to RMB 103,166,163.83 from RMB 125,202,788.78 in the previous period[2]. - Current liabilities increased to RMB 80,112,158.37 from RMB 67,828,145.53 in the previous period[4]. - Long-term liabilities decreased to RMB 56,863,993.74 from RMB 62,865,180.51 in the previous period[4]. - Total liabilities increased to RMB 136,976,152.11 from RMB 130,693,326.04 in the previous period[4]. - Total assets at the end of the period amounted to CNY 1,003,258,677.86, an increase from CNY 995,768,004.39 at the end of the previous period[5]. - Total equity attributable to shareholders of the parent company was CNY 779,541,759.66, up from CNY 776,647,325.75 in the previous period[5]. Cash Flow - The cash flow from operating activities for the first half of 2024 was CNY 103,007,492.33, a significant improvement from a negative cash flow of CNY -50,029,852.32 in the same period last year, representing a turnaround of over 300%[11]. - Total cash inflow from operating activities reached CNY 228,534,817.24, compared to CNY 157,840,538.18 in the previous year, indicating a year-over-year increase of approximately 44.7%[11]. - Cash outflow for purchasing goods and services decreased to CNY 69,883,512.25 from CNY 124,109,420.60, reflecting a reduction of about 43.7%[11]. - The net cash flow from investing activities was CNY -3,493,304.26, down from CNY 1,853,864.32 in the previous year, indicating a decline in investment returns[12]. - Cash flow from financing activities resulted in a net outflow of CNY -270,513.96, slightly worse than the previous year's outflow of CNY -260,720.84[13]. - The total cash and cash equivalents at the end of the period increased to CNY 472,771,617.31, up from CNY 430,746,981.30, marking a growth of approximately 9.7%[14]. - The net increase in cash and cash equivalents for the period was CNY 99,243,674.11, a significant recovery from a decrease of CNY -48,436,708.84 in the previous year[14]. Research and Development - Research and development expenses increased to CNY 6,797,216.90 from CNY 4,752,554.74, marking a rise of 42.9%[6]. - The company plans to invest RMB 1.5 million in 2024 for the development of 8 new product categories, involving 27 different models[66]. - The company has established a dedicated team for optical communication products, with plans to launch a new production line in April 2024[66]. - The company has achieved significant improvements in cable component technology, completing high-frequency welding equipment upgrades and saving approximately RMB 120,000 in production costs[67]. - The company has established initial capabilities for fiber optic component processing, successfully delivering multiple batches of products[67]. Corporate Governance and Management - The board of directors recommended not to declare an interim dividend for the six months ending June 30, 2024[1]. - The Audit Committee consists of three independent non-executive directors, ensuring oversight of internal controls and financial reporting[114]. - The company has confirmed compliance with corporate governance codes during the period from January 1, 2024, to June 30, 2024[116]. - The company is enhancing its internal management and financial sharing platform to improve overall operational efficiency[90]. - The company is committed to risk management, aiming to minimize the impact of risks on operational performance and maximize shareholder interests[100]. Employee and Operational Management - As of June 30, 2024, the group had 415 employees, a decrease from 442 employees as of December 31, 2023, with total employee compensation amounting to RMB 30,607,471.88, up from RMB 25,893,484.70 in the same period last year[106]. - The company is actively improving its talent management and training systems to support employee growth[2]. - The company has implemented a dual mentor system in 2024 to improve employee skills and technical levels in the cable business[65]. - The company has strengthened safety production management, implementing a three-year action plan and ensuring no safety or environmental incidents occurred during the period[75]. Market and Product Development - The company aims to enhance production efficiency and reduce costs by optimizing production processes and negotiating with key suppliers[64]. - The group is accelerating new product development in the cable business, integrating optical and cable components to expand the product range[85]. - The group is actively pursuing customer needs in the optoelectronics business, focusing on new product promotion and improving product competitiveness[86]. - The company has strengthened financial management, enhancing the efficiency of contract signing and providing data support for economic operation targets[70]. Risk Management - The company is conducting regular assessments of accounts receivable to reduce bad debt risks and improve cash flow[101]. - The group faced quality risks related to customer penalties and claims due to product quality issues, and plans to enhance operational training and improve employee capabilities[103].

Financial Performance - The company's operating revenue for 2023 was RMB 403,641.15 thousand, an increase of 32.8% compared to RMB 304,013.61 thousand in 2022[6]. - The company reported a net profit attributable to shareholders of RMB 20,745.18 thousand in 2023, compared to a loss of RMB 2,204.09 thousand in 2022[6]. - Basic earnings per share for 2023 were RMB 0.01, a recovery from a loss of RMB 0.01 per share in 2022[6]. - The company reported a pre-tax profit of RMB 3,465.74 thousand for the year, indicating a solid operational performance[10]. - The profit before tax for 2023 was RMB 3,465.74 thousand, compared to RMB 1,485.56 thousand in 2022, indicating a significant improvement[59]. - The company reported a significant increase in revenue, achieving a total of RMB 1.5 billion, representing a 20% year-over-year growth[94]. - The company has set a future outlook with a revenue guidance of RMB 1.8 billion for the next fiscal year, indicating a projected growth of 20%[94]. Assets and Liabilities - Total liabilities decreased to RMB 130,693.33 thousand in 2023 from RMB 174,414.93 thousand in 2022, indicating improved financial stability[7]. - The company's total assets were RMB 995,768.00 thousand in 2023, down from RMB 1,017,995.41 thousand in 2022[7]. - The total net assets increased to RMB 865,074.68 thousand in 2023 from RMB 843,580.48 thousand in 2022, reflecting a positive trend in equity[7]. - The total assets of the group as of December 31, 2023, were RMB 995,768,004.39, a decrease of 2.18% from RMB 1,017,995,407.50 a year earlier[26]. - The total liabilities decreased by 25.07% to RMB 130,693,326.04 from RMB 174,414,926.49 in the previous year, with current liabilities accounting for 51.90% of total liabilities[29]. - As of December 31, 2023, the company's debt-to-asset ratio is 13.12%, a decrease of 4.01 percentage points from 17.13% on December 31, 2022[31]. Market Strategy and Development - The company aims to enhance its market competitiveness by focusing on the military supply service market and accelerating the layout of optical and electrical products in 2024[11]. - The company has established a three-year business plan to strengthen its capabilities in market, research and development, and production[10]. - The company plans to improve research and development efficiency to construct a new high-quality development pattern[11]. - The company plans to focus on expanding its business footprint by enhancing customer engagement and developing high-value products in the optical fiber market in 2024[43]. - The company aims to strengthen its product layout by identifying key tasks for new product and technology development in 2024, focusing on high-value and customized products[45]. - The company will accelerate the construction of key projects to enhance production capacity for new optical fiber and optical-electrical products[46]. Customer and Supplier Relations - The largest supplier accounted for 50% of total purchases in 2023, up from 26.62% in 2022, indicating increased reliance on key suppliers[63]. - The largest customer represented 30.32% of total sales in 2023, compared to 26.95% in 2022, showing a growing dependency on major clients[63]. - The company expanded its customer base by developing 22 new clients in the cable product sector despite a decrease in market demand[15]. Research and Development - The company introduced new fiber optic products that achieved mass production, resulting in a significant increase in exports compared to the previous year[15]. - The cable component business saw a revenue increase of approximately 144% year-on-year, with gross profit rising by about 272%[16]. - The company developed and tested multiple high-value-added fiber optic products, successfully obtaining patents for them[15]. - The company plans to invest RMB 200 million in R&D for new technologies over the next two years, focusing on automation and AI[94]. - The company is focused on technological advancements by strengthening demand research and managing R&D projects to ensure timely responses to customer needs[79]. Risk Management - The company has established a risk management framework that includes five key risks with specific monitoring indicators and warning thresholds[73]. - The company faces risks related to accounts receivable aging and inventory management, implementing measures to accelerate cash flow and reduce bad debt losses[74]. - The company plans to enhance market share by understanding user needs and collaborating with industry resources, while monitoring customer credit dynamics to mitigate payment risks[77]. - Quality risks are addressed through employee training and strict quality control processes to prevent customer penalties and claims[78]. - Human resource risks are managed by controlling the number of idle personnel and actively recruiting to strengthen the R&D team[80]. Corporate Governance - The company emphasizes the importance of corporate governance principles to enhance shareholder value[182]. - The company is committed to continuous improvement of its corporate governance practices to ensure compliance with the Corporate Governance Code[183]. - The board consists of independent non-executive directors, ensuring at least one-third of the board is independent, which enhances governance and oversight[189]. - Independent non-executive directors provide independent and constructive opinions, significantly influencing board decisions[197]. - The company has established measures to ensure compliance with legal and regulatory requirements, including a code of conduct for employees and directors[190]. Employee and Social Responsibility - As of December 31, 2023, the total number of employees in the group was 442, with total employee costs amounting to approximately RMB 72,679,952.76, an increase from approximately RMB 70,318,813.99 in the previous year[116]. - The company has established an environmental management system in accordance with GB/T 24001–2004, ensuring compliance with legal regulations and maintaining effective operation of the system[111]. - The company has actively complied with tax obligations and implemented energy-saving measures as part of its social responsibility initiatives[119].