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].

Financial Performance - Chengdu Siwi Science and Technology Company reported total assets of RMB 995,768,004.39 as of December 31, 2023, compared to RMB 1,017,995,407.50 in the previous period, reflecting a decrease of approximately 2.18%[4]. - Total operating revenue for the period reached RMB 403,641,154.18, an increase of 32.8% compared to RMB 304,013,607.91 in the previous period[13]. - Net profit attributable to shareholders of the parent company was RMB -274,062,703.01, improving from RMB -299,724,682.19 in the previous period[10]. - The company reported a net profit of CNY 3,465,743.41, compared to CNY 1,586,876.85 in the previous period, indicating a significant increase[15]. - Total comprehensive income for the period was CNY 21,439,214.27, a substantial rise from CNY 1,607,048.85 in the prior period[20]. - The company achieved operating income of CNY 5,622,219.45, up from CNY 1,009,163.16 in the last period, reflecting strong operational performance[15]. - The company reported a basic earnings per share of CNY 0.01, improving from a loss of CNY 0.01 per share in the last period[20]. - The company's revenue for the year reached RMB 403,641,154.18, an increase of 32.77% compared to RMB 304,013,607.91 in the previous year[136]. Assets and Liabilities - The company's current assets amounted to RMB 750,445,119.08, slightly down from RMB 751,923,412.13 in the previous year, indicating a marginal decline of about 0.20%[4]. - The company reported a total liability of RMB 245,322,885.31, compared to RMB 266,071,995.37 in the previous period, reflecting a decrease of about 7.75%[6]. - The total liabilities and shareholders' equity decreased to RMB 995,768,004.39 from RMB 1,017,995,407.50[10]. - The total debt amounted to RMB 130,693,326.04, a decrease from RMB 174,414,926.49 in the prior period[10]. - The total amount of receivables at the end of the period is CNY 162,096,866.93, an increase from CNY 112,293,846.06 at the beginning of the period, representing a growth of approximately 44.3%[60]. - The total accounts receivable at the end of the period amounted to 162,096,866.93, with a bad debt provision of 36,894,078.15, representing 22.76% of the total[62]. Cash Flow - The company's operating cash inflow for the current period is CNY 338,538,275.94, an increase of 22.3% compared to CNY 276,897,903.70 in the previous period[22]. - The cash outflow from operating activities is CNY 458,752,111.37, resulting in a net cash flow from operating activities of CNY -120,213,835.43, compared to CNY -22,658,424.19 in the previous period[22]. - The cash flow from operating activities reflects a significant increase in cash paid to suppliers, amounting to CNY 307,996,184.21, compared to CNY 174,894,132.27 in the previous period[22]. Research and Development - Research and development expenses were RMB 11,750,168.16, an increase from RMB 10,986,677.21 in the previous period[13]. - The company is investing in R&D for new technologies, with a budget allocation of 87,733,321.82[29]. - The company aims to improve production capacity and product quality in the optical and cable components sectors, ensuring alignment with business development and new product R&D needs[162]. Market Strategy and Future Outlook - Future outlook includes potential investments in new technologies and market segments to drive growth and improve financial performance[4]. - The company plans to expand its market presence and invest in new product development to drive future growth[15]. - Future guidance indicates a positive outlook for revenue growth, driven by increased demand and strategic initiatives[15]. - The company plans to strengthen its customer base in the optical fiber market, anticipating a continued decline in the market but aiming to develop high-value-added products and expand overseas markets[159]. Corporate Governance and Compliance - The Audit Committee, consisting of independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting standards and legal requirements[197]. - The company continues to adhere to high standards of corporate governance to ensure transparency and protect shareholder interests[193]. Employee and Management Information - As of December 31, 2023, the company had a total of 442 employees, down from 486 employees including labor dispatch[154]. - The total compensation for key management personnel was ¥3.32 million in the current period, down from ¥3.92 million in the previous period, indicating a decrease of 15.4%[94]. Related Party Transactions - The company reported related party transactions totaling approximately ¥116.39 million in the current period, an increase of 8.5% from ¥107.67 million in the previous period[92]. - Sales of components to Chengdu Siwei High-tech Industrial Park Co., Ltd. reached ¥77.05 million, significantly up from ¥31.75 million in the previous period, marking a growth of 142.5%[92].

Revenue and Sales Performance - The Group recorded total operating revenue of RMB156,171,066.88 for the six months ended June 30, 2023, representing an increase of approximately 17.50% compared to the same period last year[5]. - Revenue from the optical cable component business amounted to RMB15,164,519.62, while revenue from the cable manufacturing business decreased by approximately 44.11% to RMB14,948,146.24[5]. - Revenue from the park operation business increased by approximately 10.33% to RMB21,439,114.11 compared to the same period last year[5]. - Total sales of optical fibers by Chengdu SEI amounted to RMB104,619,286.91, representing an increase of 20.63% compared to the same period last year[5]. - The increase in revenue from principal businesses was mainly driven by the market demand for optical fibers and the commercial production of optical cable components initiated in July 2022[6]. Operational Adjustments and Developments - The Company focused on new product development in the cable manufacturing business, completing three sample tests and determining insulation technology direction for thin-walled rail transit cables[13]. - The Group actively expanded its optical device products, completing the verification process for optical fiber rings and organizing production for batch orders[17]. - The Company achieved significant improvements in capacity utilization in the optical cable component business through various operational adjustments[10]. - The company completed the preliminary establishment of its project management system and improved the MES system task import module in the first half of 2023[45]. - The company enhanced supplier management by reorganizing the supplier management structure and implementing new Supplier Management Measures[51]. Financial Performance and Position - As of June 30, 2023, the total assets of the group amounted to RMB 1,008,089,980.03, a decrease of 0.97% compared to RMB 1,017,995,407.50 at the end of the previous year[58]. - Non-current assets totaled RMB 257,523,983.61, accounting for 25.55% of total assets, down 3.21% from RMB 266,071,995.37 at the end of last year[58]. - Current assets were approximately RMB 750,565,996.42, representing 74.45% of total assets, a slight decrease of 0.18% from RMB 751,923,412.13 at the end of the previous year[58]. - The net cash flow from operating activities for the period was RMB -50,195,098.27, compared to RMB 29,394,793.52 in the same period last year[58]. - The bank balance and cash (including restricted deposits) as of June 30, 2023, was RMB 430,826,581.39, a decline of 11.24% from RMB 485,368,181.46 at the end of the previous year[58]. Employee and Human Resource Management - The company conducted seven level-1 training sessions to strengthen personnel training and established a key talent pool[34]. - The Company will strengthen human resources management and improve the structure of human resources to ensure sufficient supply for business development[90]. - Employee remuneration for the six months ended June 30, 2023, was RMB25,893,484.70, up from RMB21,136,117.07 in the same period of 2022, representing an increase of approximately 22.5%[137]. - As of June 30, 2023, the Group had 428 employees, a decrease from 558 employees as of December 31, 2022[136]. Risk Management and Compliance - The company identified eight key control risks and established 27 control thresholds for risk management during the period[57]. - The group aims to strengthen risk management by balancing risks and benefits to minimize impacts on financial performance and maximize shareholder interests[124]. - The company has complied with the Corporate Governance Code during the reporting period[173]. - The company has adopted the Model Code for securities transactions by Directors and Supervisors, with all confirming compliance during the period[174]. Future Plans and Strategic Initiatives - In the second half of 2023, the Company aims to focus on cost reduction and efficiency improvement to achieve various business goals[79]. - The Company plans to enhance production capacity in the optical cable component business and develop fiber optic rotary joints to meet customer demands[80]. - The Company aims to increase the sales volume of high-unit-price optical fiber products and expand exports to Indonesia and India, targeting a diverse optical fiber market in Southeast Asia[85]. - The Company will continue to actively review its investment plans and explore strategic investment opportunities[164]. Profitability and Earnings - Operating profit decreased to RMB 633,310.65, down 83.9% from RMB 3,936,474.12 in the previous period[190]. - Net profit for the current period was RMB 639,175.92, a decline of 84.9% compared to RMB 4,244,349.64 in the preceding period[193]. - The net profit attributable to the owners of the parent company was a loss of RMB 2,453,057.48, compared to a profit of RMB 1,674,419.38 in the previous period[193]. - Total comprehensive income for the current period is RMB 3,145,546.92, a decrease from RMB 7,436,568.64 in the preceding period[199].

Financial Performance - The company's operating revenue for 2022 was RMB 304,013.61 thousand, a slight increase from RMB 300,424.37 thousand in 2021, representing a growth of approximately 0.2%[6] - The operating profit for 2022 was RMB 521.58 thousand, a significant recovery from a loss of RMB 58,469.40 thousand in 2021[6] - The net loss attributable to shareholders for 2022 was RMB 2,204.09 thousand, improving from a loss of RMB 50,389.29 thousand in the previous year[6] - The basic earnings per share improved to RMB -0.01 in 2022 from RMB -0.13 in 2021, indicating a reduction in losses per share[6] - The pre-tax profit for 2022 was RMB 1,485.56 thousand, recovering from a loss of RMB 58,988.50 thousand in 2021[70] - The net profit for 2022 was RMB 1,586.88 thousand, compared to a loss of RMB 57,630.14 thousand in the previous year[70] - The company's net loss attributable to shareholders for the year was RMB 2,224,261.22, significantly improved from a net loss of RMB 52,268,290.85 in the previous year[32] Assets and Liabilities - The total assets as of December 31, 2022, were RMB 1,017,995.41 thousand, compared to RMB 1,004,554.11 thousand in 2021, indicating a growth of approximately 1.3%[7] - The total liabilities increased to RMB 174,414.93 thousand in 2022 from RMB 165,748.68 thousand in 2021, reflecting a rise of about 5.0%[7] - As of December 31, 2022, the total assets of the group amounted to RMB 1,017,995,407.50, an increase of 1.34% compared to RMB 1,004,554,108.28 on December 31, 2021[33] - The total liabilities of the group as of December 31, 2022, were RMB 174,414,926.49, reflecting a 5.23% increase from RMB 165,748,676.12 a year earlier[34] - The current assets totaled RMB 751,923,412.13, accounting for 73.86% of total assets, which is a 5.32% increase from RMB 713,915,618.95 in the previous year[33] - The group’s debt-to-asset ratio increased to 17.13% from 16.5% in the previous year, indicating a rise of 0.63 percentage points[38] Business Strategy and Development - The company aims to transition from traditional manufacturing to a technology-driven enterprise, focusing on "optoelectronic and interconnected products" for future business development[11] - In 2023, the company plans to establish a "demonstration base for the military-civilian electronic industry supply chain" and build a "high-end intelligent manufacturing center" in Southwest China[11] - The company has introduced cable assembly business and increased efforts in new product research and development to expand market space and profitability[10] - The company plans to enhance its product offerings in the optical fiber market, targeting high-margin products and expanding into military-grade special optical fibers[55][56] - The company aims to improve operational efficiency by optimizing business processes and enhancing supply chain management capabilities[58] - The company is focusing on digital transformation by establishing a digital application platform for data integration and decision support[62] Risk Management and Compliance - The company has established a risk prevention system and completed a comprehensive risk assessment across all levels[22] - The company is focused on risk management to balance risk and return, aiming to minimize the impact of risks on operational performance[87] - The company has complied with legal regulations and policies, fulfilling tax obligations and safety production responsibilities[123] - The company has established an environmental management system in accordance with GB/T 24001-2004, ensuring compliance with legal regulations and achieving waste discharge standards[117] Corporate Governance - The company emphasizes the importance of corporate governance as a necessary element for shareholder value enhancement, adhering to the principles and best practices outlined in the Corporate Governance Code[189] - The board of directors consists of 9 members, including 6 executive directors and 3 independent non-executive directors, ensuring a diverse background and experience in various industries[192] - The audit committee is composed entirely of independent non-executive directors, responsible for overseeing the financial reporting process and internal audit functions[196] - The company is committed to maintaining open and transparent communication channels with investors to enhance accountability and responsiveness[198] - The board will evaluate the execution and effectiveness of corporate governance policies and mechanisms annually to ensure independent perspectives are obtained[199] Employee and Talent Management - The company is actively recruiting high-quality technical talent to support its ongoing development and innovation efforts[61] - The company has implemented a comprehensive compensation system, detailing salary structures and standards based on position levels and performance evaluations[120] - The company has a robust employee participation system through a representative assembly and trade union, safeguarding employees' rights[119] - As of December 31, 2022, the total number of employees in the group was 528[120] Shareholder Information - The largest shareholder of the company is Chengdu Siwei Electronics Co., Ltd., holding 240,000,000 shares, accounting for 60% of the total issued share capital[95] - Hong Kong Central Clearing Limited held 157,792,999 H shares at the end of the year, representing 39.45% of the total issued share capital[95] - HSBC Bank (Hong Kong) Limited holds 23,361,000 H shares, which is 14.60% of the total issued H shares and 5.84% of the total share capital[95] - The company confirms that its public float is sufficient as of the report date[98] - The total number of shareholders as of December 31, 2022, was 162, including 1 state-owned legal person and 161 overseas listed foreign shareholders[94] Related Party Transactions - The company has established ongoing related party transactions with its indirect controlling shareholder, China Electronics Technology Group Corporation, through various research institutes[148][158] - Independent non-executive directors have reviewed the ongoing related party transactions and confirmed their fairness and reasonableness[161] - All transactions have been confirmed to comply with the disclosure requirements of the Listing Rules, ensuring transparency in related party transactions[166] Changes and Appointments - The company changed its name from "Chengdu PUTIAN Telecommunications Cable Company Limited" to "Chengdu SIWI Science and Technology Company Limited" on June 30, 2022, with the stock abbreviation updated accordingly[168] - The company appointed new executives, including the appointment of Wu Xiaodong as General Manager on July 18, 2022, following the resignation of Li Jianyong[170] - The company has appointed Da Hua CPA as its auditor following the resignation of Tian Jian CPA on December 22, 2021[182]

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 （前稱為「Chengdu PUTIAN Telecommunications Cable Company Limited成都普天電纜股份有限公司」） （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） 二 零 二 二 年 度 業 績 公 告 成都四威科技股份有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司 及其附屬公司（統稱為「本集團」）截至二零二二年十二月三十一日止年度（「本 年度」）之經審計之綜合財務數據連同二零二一年同期比較之數字如下： 合併資產負債表 2022年12月31日 編制單位： （除特別註明外， 成都四威科技股份有限公司 金額單位均為人民幣元） 資產 附註六 期末餘額 上期期末餘額 流動資產： 貨幣資金 ...

Financial Performance - The total turnover for the six months ended June 30, 2022, was RMB132,908,478.03, representing an increase of approximately 5.16% compared to the same period last year[3]. - Sales of copper cables, optical fibers, and related products amounted to RMB111,072,978.46, an increase of approximately 2.69% year-on-year[3]. - Total sales of optical fibers by Chengdu SEI amounted to RMB86,728,819.33, representing an increase of 20.42% compared to the corresponding period last year[3]. - Sales of wire feed cables and other products by Chengdu Zhongling amounted to RMB25,429,079.40, a decrease of 24.74% compared to the same period last year[3]. - The increase in revenue from principal businesses was mainly due to the rebound in the optical telecommunication market and an increase in unit prices[3]. - The optical fiber business exceeded its half-year target, benefiting from the rebound in the optical telecommunications market and an increase in unit prices[6]. - The average gross profit margin for the period was 22.60%, an increase of 14.74% from 7.86% for the corresponding period last year[49]. - Operating profit for the current period was approximately $3.94 million, a significant improvement from a loss of $17.80 million in the previous period[159]. - Net profit attributable to the owners of the parent company was approximately $1.67 million, recovering from a loss of $12.90 million in the previous period[160]. - The total profit before tax for the current period was approximately $4.24 million, a recovery from a loss of $17.76 million in the previous period[159]. Asset Management - As of June 30, 2022, the Group's total assets amounted to RMB1,027,508,469.62, representing an increase of 2.29% from RMB1,004,554,108.28 at the end of the previous year[44]. - The Group's total current assets were approximately RMB744,976,641.42, accounting for 72.50% of total assets, which is a 4.35% increase from RMB713,915,618.95 at the end of last year[45]. - The Company recovered RMB 15.9 million through special asset clean-up by the end of June, classifying receivables into eight categories and adopting different measures for each category[24]. - A comprehensive inventory check of 1,115 fixed asset items was completed, excluding land and housing, to ascertain the actual status of the Company's assets[30]. - The Company established a fixed assets management system based on coordinated management, top-level control, and hierarchical responsibility[30]. - The Company enhanced procurement management by refining the entire process of procurement application, planning, implementation, and contract control[30]. Cash Flow and Financing - The net cash flows from operating activities for the period amounted to RMB29,394,793.52, a significant improvement from RMB-19,399,934.85 in the corresponding period last year[45]. - The Group's bank balances and cash amounted to RMB538,374,100.09, representing an increase of 12.54% from RMB478,366,924.31 at the end of the previous year[49]. - Cash inflows from operating activities totaled CNY 165,248,221.18, a decrease of 3.1% from CNY 170,307,761.99 in the previous period[184]. - Net cash flows from investing activities were CNY 30,739,495.25, up from CNY 16,211,437.46 in the previous period[186]. - Net cash flows from financing activities were negative at CNY -247,958.21, an improvement from CNY -276,392.17 in the previous period[189]. Employee Management - As of June 30, 2022, the Group had 558 employees, a decrease from 564 employees as of December 31, 2021[111]. - Employee remuneration for the six months ended June 30, 2022, was RMB 27,987,493.90, an increase of approximately 19.5% compared to RMB 23,350,874.49 in the corresponding period of 2021[115]. - The Group aims to establish a scientific remuneration system based on performance, size, and positions to enhance employee motivation[102]. Risk Management - The Group identified 22 risk incidents above RMB1 million in 2021 and established a key risks control table for 2022 with 6 major risks[42]. - The Group faces exchange rate risks due to rising USD rates, which increase import costs and foreign exchange losses[97]. - The Company aims to enhance risk management by balancing risk and return, minimizing the impact of risks on operational performance[96]. - The Group is actively monitoring foreign exchange rate risks, particularly related to USD fluctuations, and may adopt forward measures to manage costs[101]. Compliance and Governance - The audit committee reviewed the unaudited interim consolidated financial statements for the six months ended June 30, 2022, and found them compliant with applicable accounting standards and laws[138]. - The company maintained compliance with the Corporate Governance Code during the period from January 1, 2022, to June 30, 2022[142]. - The Company has not reported any new product launches or significant market expansions during this period[197]. Future Plans - In the second half of 2022, the Company aims to focus on business growth by reducing costs and improving internal controls to achieve annual business goals[61]. - The Company will accelerate the development of new products such as thin-walled series cables and silicone rubber cables to meet the needs of major customers[65]. - The Company will invest in automated equipment to enhance production and testing efficiency, ensuring delivery quality and rates[70].

Financial Performance - The company's operating revenue for 2021 was RMB 300,424.37 thousand, an increase of 25.5% compared to RMB 239,383.76 thousand in 2020[5] - The pre-tax loss for the year was RMB 58,988.50 thousand, slightly worsening from a loss of RMB 56,688.41 thousand in the previous year[5] - The company's revenue for the year reached RMB 300,424,372.33, an increase of 25.5% compared to RMB 239,383,759.52 in the previous year[26] - The company's net loss attributable to shareholders for the year was RMB 52,268,290.85, compared to a net loss of RMB 42,819,958.9 in the previous year[27] - The company reported a basic loss per share of RMB 0.13, compared to RMB 0.11 in the previous year[5] - The company's consolidated gross margin at the end of the year was approximately 10.84%, an increase of about 3.84% year-on-year[18] Assets and Liabilities - The total liabilities increased to RMB 165,748.68 thousand in 2021 from RMB 156,580.03 thousand in 2020[6] - The net asset value decreased to RMB 838,805.43 thousand in 2021 from RMB 894,556.57 thousand in 2020[6] - Total assets as of December 31, 2021, were RMB 1,004,554,108.28, a decrease of 4.43% from RMB 1,051,136,600.08 the previous year[28] - As of December 31, 2021, the total liabilities of the group amounted to RMB 165,748,676.12, an increase of 5.86% compared to RMB 156,580,028.65 on December 31, 2020[29] - The current liabilities were RMB 70,080,475.44, accounting for 42.28% of total liabilities, a decrease of 26.85% from RMB 95,802,180.91 on December 31, 2020[29] - The non-current liabilities were RMB 95,668,200.68, representing 57.72% of total liabilities, a decrease of 57.41% from RMB 60,777,847.74 on December 31, 2020[29] Cash Flow and Financial Management - The net cash flow from operating activities for the year was RMB 48,479,550.49, a significant increase from RMB -5,770,065.72 in the previous year[39] - The company reduced its inventory by approximately RMB 13,820,000, reflecting a comprehensive cleanup of over one-year-old accounts receivable and inventory[20] - The company has established a special cleaning team to address long-term overdue accounts and stagnant inventory, enhancing financial management[20] - The group plans to enhance its core competitiveness through internal reforms and mechanism innovations, aiming for high-quality development[41] - The group will focus on optimizing management systems and processes to strengthen risk management and improve operational efficiency[44] Business Strategy and Development - The company aims to achieve profitability in 2022, focusing on key areas of military-civilian integration and innovation[9] - The fiber optic business saw an increase in average selling prices, contributing to a narrowing of overall losses for the year[10] - The company is committed to developing new energy cables and nuclear energy cables, expanding its market presence[11] - The company is focusing on cost control, technology development, and market expansion to improve the competitiveness of its rail transit cable business[22] - The company aims to enhance its core competitiveness through business acquisitions and equity restructuring, leveraging government support and resources from strong enterprises[52] Corporate Governance - The company emphasizes corporate governance principles, focusing on a quality board, effective internal controls, and transparency[153] - The company has established a governance structure that includes various committees such as the Audit Committee and the Nomination Committee[155] - The company has adhered to the corporate governance code as outlined in the listing rules throughout the year[146] - The board of directors has established a comprehensive risk management and internal control system to protect shareholder interests and group assets[195] - The company continues to review and strengthen its corporate governance practices to ensure adherence to the Corporate Governance Code[158] Board and Management - The company appointed new executive directors on November 12, 2021, including Li Tao as Chairman and Li Jianyong as General Manager[90] - The board of directors includes experienced professionals with backgrounds in finance, engineering, and management, enhancing the company's operational capabilities[92][93][95] - The independent non-executive directors possess over 20 years of experience in asset evaluation, financing, and mergers and acquisitions, contributing to the company's governance[96] - The current board consists of 9 members, including 6 executive directors and 3 independent non-executive directors, ensuring diverse industry experience[159] - The board held 9 meetings during the year to discuss operational performance and financial results, among other key matters[163] Employee Management and Welfare - The company has a total of 564 employees as of December 31, 2021[113] - The company paid approximately RMB 2.9281 million for employee basic medical insurance in the current year, compared to RMB 2.2152 million in the previous year[115] - The company has established a comprehensive remuneration system, including performance management and incentive plans for employees[113] - The company provides retirement benefits and medical welfare plans for employees, adhering to national labor laws[114] - The company has a robust employee training program to enhance skills and performance[113] Social Responsibility - The company donated RMB 30,000 for short-term skills training in Qinghai Province, contributing to local income and poverty alleviation efforts[1] - The company provided RMB 150,000 worth of materials to earthquake relief efforts in May 2021[1] Audit and Compliance - The audit committee reviewed the audited financial statements for the year and confirmed compliance with applicable accounting standards and legal requirements[150] - The company appointed Dahua Certified Public Accountants as the new auditor effective December 22, 2021, following the resignation of Tianjian Certified Public Accountants[144] - The company has implemented measures to ensure timely publication of financial statements, reflecting its financial position accurately[166] - The company has established a risk management working group to clarify responsibilities and streamline processes related to comprehensive risk management[199]

Financial Performance - The total turnover for the six months ended June 30, 2021, was RMB 200,135,505.89, representing a decrease of approximately 4.47% compared to the same period last year[9]. - Total operating revenue for the first half of 2021 was RMB 200,135,505.89, a decrease of 4.9% compared to RMB 209,496,937.20 in the same period last year[199]. - The company reported a net financial expense of RMB -3,811,679.29 for the first half of 2021, compared to RMB -2,039,632.64 in the same period last year[199]. - Operating profit for the current period was reported at -$17,800,621.38, compared to -$25,433,022.14 in the same period last year, indicating a reduction in losses[200]. - Profit before tax for the current period was -$17,762,187.01, an improvement from -$20,635,207.87 in the preceding period[200]. - The overall financial performance indicates a trend towards reduced losses in several key areas compared to the previous year[200]. Sales and Revenue - Total sales of copper cables, optical cables, optical fibers, and related products amounted to RMB 193,245,631.41, a decrease of approximately 7.47% year-on-year[10]. - Sales of optical fibers by Chengdu SEI amounted to RMB 70,957,250.73, reflecting a decrease of 0.37% compared to the previous year[10]. - Sales from Chengdu Zhongling increased by 69.62% to RMB 20,188,649.28 compared to the same period last year[10]. - The decline in revenue was primarily due to a downturn in the optical fiber market, with decreased sales volume and unit price, as well as a decline in revenue from ZTE cables[11]. Assets and Liabilities - As of June 30, 2021, the Group's total assets amounted to RMB1,061,673,852.20, an increase of 0.16% from RMB1,059,989,968.23 at the end of the previous year[57]. - The total current assets were approximately RMB749,176,848.03, accounting for 70.57% of total assets, representing a 2.42% increase from RMB731,485,904.53 at the end of last year[58]. - The Group's total liabilities amounted to RMB176,498,363.65, with a liability-to-total-asset ratio of 16.62%, up 1.85% from 14.77% at the end of the previous year[60]. - Total liabilities increased to RMB 176,498,363.65, up from RMB 156,580,028.65, reflecting a growth of approximately 12% year-over-year[190]. - Total equity attributable to the parent company decreased to RMB 800,757,686.05 from RMB 814,125,905.01, a decline of about 1.5%[190]. Production and Operations - The Group's output for the first half of the year doubled compared to the same period last year, with reduced production consumption[26]. - The Group focused on price negotiations with major raw material suppliers to reduce procurement costs and increased efforts in selling higher gross profit optical fibers[17]. - The development of bundled cables and fire-resistant cables has been successful, with the latter winning a bid for projects at Zhuzhou Electric Locomotive Works[38]. - The Group is preparing for trial production of silicone rubber cables that meet EN50382 standards and has identified suitable materials for thin-walled cables meeting EN50306 standards[38]. Research and Development - The Company will enhance research and development investments, focusing on high-value products such as high-frequency coaxial cables and special cables, transitioning from mid-low-end to high-end products[106]. - The Company aims to establish a testing center for cables in Chengdu to support product development[106]. - The Company will increase investment in research and development to establish a market-oriented innovation system, focusing on the locomotive cable market and developing high-value-added products[107]. - The Company aims to promote the industrialization of bundled cables and develop silicone rubber cables, along with high-end coaxial cables and special components[107]. Risk Management - The Group faces market risks due to declining demand for its products influenced by advancements in communication technology and competition from substitute products[134]. - Supply chain risks are present due to potential fluctuations in key raw material prices caused by international conditions and the COVID-19 pandemic, which may impact production and sales[141][144]. - The Company will strengthen risk management by integrating it into daily operations and minimizing the impact of risks on performance[128]. - The Company is monitoring foreign exchange rate risks, particularly the USD, to manage import costs and potential foreign exchange losses[135]. Employee and Shareholder Information - The Group's employee count decreased from 625 as of December 31, 2020, to 592 as of June 30, 2021[143]. - Employee remuneration for the six months ended June 30, 2021, was RMB23,350,874.49, an increase from RMB19,649,583.44 in the same period of 2020, representing a growth of approximately 18.3%[143][146]. - The total issued share capital of the Company remained at RMB400,000,000, divided into 400,000,000 shares, with 240,000,000 domestic state-owned shares and 160,000,000 H Shares, representing 60% and 40% of the issued share capital, respectively[149][153]. - The largest shareholder, China Potevio Company Limited, held 240,000,000 shares, accounting for 60% of the issued share capital as of June 30, 2021[150][154]. Governance and Compliance - The Audit Committee reviewed the unaudited interim consolidated financial statements for the six months ended June 30, 2021, confirming compliance with applicable accounting standards and laws[178]. - The Company maintained a sufficient public float during the reporting period and as of the report date[173]. - The Company did not declare an interim dividend for the six months ended June 30, 2021, consistent with the previous year[176].

Financial Performance - The total turnover for the six months ended June 30, 2020, was RMB 209,496,937.20, representing a decrease of approximately 15.38% compared to the same period last year[8]. - Total sales of copper cables, optical cables, optical fibers, and related products amounted to RMB 208,850,170.13, a decrease of approximately 11.58% year-on-year[9]. - Sales of optical fibers by Chengdu SEI amounted to RMB 71,217,841.30, reflecting a decrease of 26.28% compared to the previous year[9]. - Sales from Chengdu Zhongling for wire feed cables and other products totaled RMB 11,902,256.57, down 30.24% year-on-year[9]. - The decline in revenue was primarily due to a continual decline in the optical fiber market, with significant decreases in both sales volume and unit price[10]. - The net loss for the first half of 2020 was RMB 220,821,120.86, compared to a loss of RMB 213,555,297.72 in the same period last year[171]. - The total operating revenue for the first half of 2020 was RMB 209,496,937.20, a decrease of 15.4% compared to RMB 247,567,114.21 in the same period last year[175]. - The total operating costs for the same period were RMB 228,308,367.93, which is a decrease of 14.7% from RMB 267,612,719.30 in the previous year[175]. - The net profit for the first half of 2020 was RMB -20,635,207.87, compared to RMB -22,123,745.16 in the same period last year, showing an improvement of approximately 6.7%[182]. - The total comprehensive income for the current period was RMB -21,568,654.24, slightly better than RMB -21,866,552.16 in the previous year[187]. Assets and Liabilities - As of June 30, 2020, the Group's total assets amounted to RMB 1,095,895,497.73, representing a decrease of 3.18% from RMB 1,131,901,854.99 at the end of the previous year[47]. - The total non-current assets amounted to RMB 404,245,738.18, accounting for 36.89% of total assets, and decreased by 4.59% from RMB 423,695,846.07 at the end of last year[47]. - The total current assets were approximately RMB 691,649,759.55, accounting for 63.11% of total assets, and decreased by 2.34% from RMB 708,206,008.92 at the end of last year[47]. - The total liabilities amounted to RMB 152,385,362.30, with a liability-to-total-asset ratio of 13.91%, down 0.83% from 14.74% at the end of last year[47]. - Total liabilities decreased to RMB 152,385,362.30 from RMB 166,823,065.32, a reduction of approximately 8.6%[162]. - Total equity attributable to the parent company decreased to RMB 841,213,005.24 from RMB 857,926,302.38, reflecting a decline of about 1.9%[162]. Research and Development - The company increased investment in technological research and development and equipment procurement to improve its product portfolio and manufacturing gross profit margin[17]. - R&D expenses for the first half of 2020 were RMB 5,368,393.82, an increase of 47% compared to RMB 3,655,206.78 in the same period last year[175]. - The Company established a product technology department in January 2020 to enhance technological innovation capabilities and assist in product upgrades[27]. - Investments in research and development will be increased to enhance core competitiveness and prepare for market expansion[89]. Cost Management - During the period, the Company achieved a reduction in total expenses by 38.97% compared to the budget for the same period, and by 10.72% compared to the corresponding period last year[36]. - Selling expenses decreased by 40.17% to RMB 3,496,367.55, administration expenses decreased by 18.64% to RMB 18,297,986.90, while research and development costs increased by 46.87% to RMB 5,368,393.82[53]. - The Company will continue to implement cost control measures and refine monthly budget management, ensuring all departmental expenses remain within budget limits[94]. Market and Business Strategy - The company is actively exploring new markets in irradiation processing for medicines, medical equipment, and food[18]. - The irradiation processing business is expected to achieve a growth of about 20% in the second half of the year, with operating income projected to increase slightly compared to the first half[81]. - The optical telecommunication business will focus on improving sales quality and maintaining high sales prices while negotiating raw material costs[75]. - In the energy transmission cable business, the company aims to enhance productivity and product quality while controlling costs and improving efficiency[77]. Compliance and Governance - The company confirmed adherence to the Corporate Governance Code during the reporting period[141]. - The Audit Committee reviewed the Group's unaudited interim consolidated financial statements and confirmed compliance with applicable accounting standards and legal requirements[140]. - The company emphasizes the importance of good corporate governance and periodically reviews its compliance with the CG Code[143]. Employee Management - The Group's staff count decreased from 749 as of December 31, 2019, to 625 as of June 30, 2020[119]. - Total remuneration for staff members during the period was RMB 19,649,583.44, a decrease from RMB 24,748,998.68 in the corresponding period of 2019[119]. - The company provided technical training opportunities to employees as part of its compensation and benefits plan[122]. - The Company plans to enhance employee performance management and training, focusing on improving the comprehensive abilities of employees at all levels[99]. Risk Management - The Group faces risks from the COVID-19 pandemic affecting production and operations, leading to adjustments in the overall strategic planning goals for 2020[111]. - The Group is exposed to foreign exchange rate risk due to increased import costs from a rising US dollar exchange rate[111]. - The Group is addressing supply chain risks related to helium supply, which is primarily imported and subject to increased tariffs due to trade disputes[111]. - The Company will conduct quarterly monitoring and reporting of major risks to ensure effective risk management[91].

Financial Performance - The company's operating revenue for 2019 was RMB 449,256.75 thousand, a decrease of approximately 26.9% from RMB 614,607.55 thousand in 2018[5]. - The company reported a pre-tax loss of RMB 63,430.88 thousand for 2019, compared to a profit of RMB 40,165.92 thousand in 2018[5]. - The net loss attributable to shareholders for 2019 was RMB 50,135.42 thousand, compared to a loss of RMB 15,012.92 thousand in 2018[5]. - The basic earnings per share for 2019 were RMB -0.13, compared to RMB -0.04 in 2018[5]. - The company's total revenue for 2019 was RMB 449,256.75 thousand, a decrease from RMB 614,607.55 thousand in 2018, representing a decline of approximately 27%[72]. - The pre-tax profit for the year was RMB -63,430.88 thousand, compared to a profit of RMB 40,165.92 thousand in the previous year, indicating a significant downturn[72]. - The net asset value decreased to RMB 965,078.79 thousand in 2019 from RMB 1,044,537.72 thousand in 2018, reflecting a decline of about 7.6%[68]. - The company reported a loss of RMB 63,360.44 thousand for the year, contrasting with a profit of RMB 17,692.59 thousand in 2018[72]. - The total assets amounted to RMB 1,131,901.85 thousand, down from RMB 1,257,656.67 thousand in the previous year, indicating a decrease of approximately 10%[67]. Operational Strategy - The company plans to focus on the optical communication industry and motorcycle cable business while exiting the feeder cable business and divesting from irradiation and copper processing operations[9]. - The company aims to optimize its industrial structure and improve internal controls to promote healthy development amid challenges posed by the COVID-19 pandemic[11]. - The company plans to focus on core technology and optimize its industrial structure in 2020, aiming to enhance service capabilities and reduce costs[42]. - The company aims to improve R&D investment as a proportion of revenue to a reasonable level, while actively seeking government funding support for projects[50]. - The company emphasizes risk management by focusing on core businesses, improving operational cash flow, and eliminating low-margin businesses[55]. - The company plans to complete the "three supplies and one industry" separation by June 2020, with a focus on reducing losses in underperforming enterprises[56]. Market Conditions - The demand for optical fibers has decreased due to the slowdown in 5G construction, leading to a significant supply-demand imbalance and a decline in product prices and sales[15]. - The optical fiber industry is facing oversupply, leading to a decrease in sales and a projected further decline in fiber prices; the company aims to increase the sales proportion of high-margin specialty fibers and reduce overall costs by over 5% year-on-year[46]. - In the energy transmission cable sector, the company plans to enhance competitiveness through increased R&D investment, product line expansion, and market development to ensure continuous market scale growth[47]. Risk Management - The company has implemented a comprehensive risk management and internal control system, revising various regulations and completing risk management reports[21]. - The company faces risks related to supply chain disruptions, particularly concerning helium supply, which is primarily imported and subject to trade disputes[95]. - The company emphasizes risk management to balance risk and return, aiming to minimize the impact of risks on operational performance[91]. Corporate Governance - The company has adopted the Corporate Governance Code and emphasizes high-quality board governance and effective internal controls[171]. - The board consists of 9 members, including 6 executive directors and 3 independent non-executive directors, with diverse backgrounds and extensive experience[174]. - The company has established an audit committee responsible for risk management and internal control matters[164]. - The board of directors held seven meetings this year to discuss the company's operational performance, overall strategy, investment plans, and financial performance[177]. - The company has established a code of conduct and compliance manual applicable to employees and directors, which is regularly reviewed[179]. Human Resources - The company has established a talent reserve pool to ensure human resource support for sustainable development[24]. - As of December 31, 2019, the total number of employees in the group was 749, with a comprehensive salary system in place that includes performance bonuses and salary adjustments based on performance evaluations[122]. - The company paid approximately RMB 2.918 million for employee basic medical insurance in the current year, slightly increasing from RMB 2.8885 million in the previous year[124]. Shareholder Information - The total number of shareholders as of December 31, 2019, was 186, including 1 state-owned legal person and 185 foreign H-share investors[98]. - The largest shareholder, Putian Group, holds 240,000,000 shares, representing 60% of the total issued share capital[99]. - HSBC holds 17,313,000 H-shares, accounting for 10.82% of H-shares and 4.33% of total issued share capital as of the end of the year[99]. Compliance and Legal Matters - The independent non-executive directors confirmed their independence in accordance with the listing rules, and the remuneration for independent non-executive directors is set at RMB 50,000 per year (pre-tax)[113]. - There were no significant lawsuits or arbitration matters involving the company or its group members during the year[159]. - The auditor, Tianjian Accounting Firm, was reappointed at the annual general meeting held on June 20, 2019[166].