Financial Performance - The company's operating revenue for Q1 2025 reached RMB 2,893,750,963, representing a year-on-year increase of 21.23% compared to RMB 2,386,939,536 in the same period last year[6] - Net profit attributable to shareholders of the listed company was RMB 151,696,565, a significant increase of 161.91% from RMB 57,920,130 in the previous year[6] - The net profit after deducting non-recurring gains and losses was RMB 43,248,614, up 77.07% from RMB 24,424,437 in the same period last year[6] - Basic and diluted earnings per share were both RMB 0.20, reflecting a 150% increase from RMB 0.08 in the same period last year[6] - Total comprehensive income for the period was RMB 189,340,364, a significant increase from RMB 2,621,404 in the previous year[30] Cash Flow - The net cash flow from operating activities was RMB 435,507,010, showing a remarkable increase of 318.57% compared to RMB 104,046,501 in the previous year[6] - The company generated RMB 2,050,304,038 in cash inflows from investing activities, a significant increase from RMB 310,025,385 in the previous year[34] - The company reported a net cash outflow from financing activities of RMB 171,325,875, compared to a net inflow of RMB 442,927,674 in the same period last year[36] Assets and Liabilities - Total assets at the end of the reporting period were RMB 31,979,056,140, a slight increase of 0.80% from RMB 31,726,719,925 at the end of the previous year[8] - Total current assets amounted to RMB 14,762,657,122, an increase from RMB 14,617,127,375 as of December 31, 2024, reflecting a growth of approximately 1%[24] - Total non-current assets reached RMB 17,216,399,018, slightly up from RMB 17,109,592,550, indicating a growth of about 0.62%[24] - Total current liabilities were RMB 11,089,260,007, up from RMB 10,345,045,977, marking an increase of about 7.17%[25] - Total liabilities increased to RMB 16,606,243,832 from RMB 16,145,428,036, reflecting a rise of approximately 2.85%[25] - The company's total equity as of March 31, 2025, was RMB 15,372,812,308, a decrease from RMB 15,581,291,889, indicating a decline of about 1.34%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,630, indicating a stable shareholder base[14] - The top shareholder, China Huaxin Post and Telecommunication Technology Co., Ltd., held 179,827,794 shares, representing 23.73% of the total shares[14] Research and Development - Research and development expenses increased to RMB 176,104,643, up from RMB 156,132,152, reflecting a year-over-year increase of 12.8%[29] Investment Performance - The company experienced a loss from investments of RMB 56,240,534, compared to a loss of RMB 44,737,463 in the prior year, indicating a worsening in investment performance[29] Other Information - The company has not disclosed any significant new strategies or product developments during the reporting period[19] - Cash and cash equivalents at the end of the period totaled RMB 3,178,364,164, down from RMB 4,081,413,660 at the end of the previous year[36] - The cash and cash equivalents stood at RMB 3,241,311,366, down from RMB 3,292,561,410, representing a decrease of approximately 1.55%[24] - The inventory increased to RMB 3,389,716,009 from RMB 3,175,767,390, showing a growth of about 6.71%[24] - The company reported a decrease in long-term borrowings to RMB 4,455,074,920 from RMB 4,790,701,086, a reduction of approximately 6.99%[25]

Financial Performance - Total revenue for the year ended December 31, 2024, was approximately RMB 12,197.4 million, a decrease of approximately 8.7% compared to the previous year[11]. - Gross profit was approximately RMB 3,330.1 million, with a gross profit margin of 27.3%[11]. - Profit attributable to equity shareholders of the Company was approximately RMB 675.9 million, representing a decrease of approximately 47.9%[11]. - Revenue from domestic business decreased by approximately 10.4% compared to the prior year, while overseas revenue decreased by approximately 5.1%[11]. - Revenue in 2023 was RMB 13,353 million, down from RMB 13,830 million in 2022[13]. - Gross profit in 2023 was RMB 3,272 million, compared to RMB 3,243 million in 2022[15]. - Profit for the year in 2023 was RMB 1,177 million, down from RMB 1,161 million in 2022[17]. - In 2024, the Company's operating income was approximately RMB 12,197.4 million, a decrease of approximately 8.7% compared to RMB 13,352.8 million in 2023[34]. - The net profit attributable to shareholders of the parent company was approximately RMB 675.9 million, representing a decrease of approximately 47.9% compared to RMB 1,297.4 million in 2023[34]. - Revenue from optical communication products was approximately RMB 7,867.1 million, a decrease of 12.8% compared to RMB 9,021.2 million in 2023, accounting for 64.5% of total revenue[72]. Business Operations and Strategy - The Company has a comprehensive product portfolio serving over 100 countries and regions[3]. - The Company designs and produces specialty optical fibres and cables tailored to customer specifications[3]. - The Company completed the acquisition of RFS Germany and RFS Suzhou in April 2024, further optimizing its international production capacity[36]. - Revenue from diversified businesses, excluding optical fibre preform, optical fibre, and optical cable, exceeded 40% of total revenue in 2024[40]. - The Company has established eight production facilities in six countries, enhancing its global production portfolio[36]. - The Company has formed several world-leading test networks for hollow-core fibre transmission technology, laying a solid foundation for its industrialization[41]. - The Company aims to enhance its position as a global leader by focusing on cost efficiency, technology, and processes, while delivering high-quality products and services[48]. - The Company is committed to expanding its international market presence by deepening collaborations with key customers and enhancing operational efficiency of its international production facilities[52]. - The Company has established three investment funds with total assets under management of RMB 3 billion to foster the synergistic development of the industrial chain[46]. Research and Development - The company plans to increase R&D investment, focusing on cutting-edge technology, particularly in the development of innovative optical fiber technology, including hollow-core fiber[49]. - The optical quartz component R&D and industrialization project is expected to commence operation in the first half of 2025[40]. - The company has been recognized for its advanced hollow-core fiber preparation technology and has established multiple leading test networks for its industrialization[43]. - The company has successfully developed and piloted new optical fiber technologies, including hollow-core optical fiber, which has potential applications in AI data centers and high-frequency financial transactions[170]. Market Trends and Projections - The demand for G.654.E optical fibre is expected to continue growing due to its application in telecom backbone network upgrades[23]. - The global demand for optical fibres and optical cables is projected to resume growth in 2025, with a stable annual growth rate of approximately 4% from 2025 to 2029[23]. - The gross profit margin is projected to increase from 24.5% in 2023 to 27.3% in 2024[20]. - The net profit margin is expected to decline from 9.7% in 2023 to 5.5% in 2024[20]. - The return on equity is forecasted to decrease from 8.1% in 2023 to 3.9% in 2024[20]. Financial Position and Cash Flow - The total assets are anticipated to grow from RMB 29,142,344,000 in 2023 to RMB 31,726,720,000 in 2024[20]. - The average inventory turnover days are expected to increase from 110.4 days in 2023 to 125.9 days in 2024[20]. - The average trade and bills receivables turnover days are projected to rise from 159.3 days in 2023 to 177.8 days in 2024[20]. - The Group's gearing ratio as of December 31, 2024, was 41.4%, up from 31.6% in 2023, indicating increased leverage[98]. - Net cash generated from operating activities increased by approximately RMB 268.9 million, primarily due to intensified efforts in the recovery of accounts receivable[108]. - Net cash used in investing activities decreased by approximately RMB 314.8 million, mainly due to a reduction in capital expenditures compared to the previous year[109]. - Net cash generated from financing activities decreased by approximately RMB 668.7 million, attributed to lower investments in fixed assets and intangible assets[109]. Leadership and Governance - Mr. Ma Jie has been the Chairman of the Company since January 24, 2017, and has extensive experience in strategic management and operations[196]. - Mr. Guo Tao was appointed as a non-executive director on January 17, 2020, and has held various strategic roles in major telecommunications companies[198]. - Mr. Philippe Claude Vanhille has been a non-executive Director since December 19, 2013, and served as the Executive Vice-President of Telecom Division of Prysmian Group until December 2024[199]. - The Company has a strong leadership team with significant experience in the telecommunications sector, enhancing its strategic direction and operational management[198]. - The leadership team is expected to drive future growth and innovation within the Company, particularly in the telecommunications market[199].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 12,197.4 million, a decrease of approximately 8.7% compared to RMB 13,352.8 million in 2023[4] - Net profit attributable to shareholders was RMB 675.9 million, a decline of approximately 47.9% from RMB 1,297.4 million in 2023[4] - Basic and diluted earnings per share were both RMB 0.89, down from RMB 1.71 in 2023[6] - The company's net profit attributable to ordinary shareholders for 2024 is CNY 675,878,799, a decrease of 48.1% compared to CNY 1,297,437,793 in 2023[23] - The company's pre-tax profit for 2024 was $592.90 million, a decrease from $1.22 billion in 2023, leading to an expected income tax of $148.23 million based on a 25% tax rate[14] Revenue Breakdown - Domestic revenue decreased by approximately 10.4%, while overseas revenue decreased by approximately 5.1% compared to the previous year[4] - Revenue from optical transmission products was RMB 7,867,135,458 in 2024, down 12.8% from RMB 9,021,240,873 in 2023[13] - Revenue from the optical interconnect components segment increased by 3.7% to approximately RMB 2,116.0 million, representing 17.3% of total revenue[63] Profitability and Margins - Gross profit was RMB 3,330.1 million with a gross margin of 27.3%, up from 24.5% in 2023[4] - The gross margin of the company's optical transmission product segment increased from 29.7% in 2023 to 31.7% in 2024[100] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 31,726.7 million, an increase from RMB 29,142.3 million in 2023[7] - The company reported a total liability of RMB 16,145,428,036 in 2024, an increase of 9.5% from RMB 14,744,846,456 in 2023[8] - Shareholders' equity totaled RMB 15,581,291,889 in 2024, up 8.2% from RMB 14,397,497,437 in 2023[8] Cash Flow and Expenses - Cash and cash equivalents were RMB 3,292.6 million, down from RMB 3,895.8 million in 2023[7] - Research and development expenses for the year were RMB 787.2 million, slightly up from RMB 775.0 million in 2023[5] - The company incurred significant expenses, including CNY 874,935,239 in depreciation and amortization across its segments[29] Dividends - The board proposed a final dividend of RMB 0.268 per share for the year ended December 31, 2024, down from RMB 0.514 per share in 2023[4] - The proposed final dividend for the year ending December 31, 2024, is RMB 0.268 per share (before tax), totaling RMB 203,118,569, compared to RMB 0.514 per share (before tax) and RMB 389,563,226 in 2023[109] Taxation - The income tax expense for 2024 was $11.65 million, significantly lower than $39.49 million in 2023, primarily due to a deferred tax change of $(180.37) million in 2024 compared to $(113.97) million in 2023[14] - The company holds high-tech enterprise certificates that allow for a reduced tax rate of 15% until November 2026 for several subsidiaries, enhancing its tax efficiency[15][16][17][18][19][20] Market Position and Strategy - The company is focused on expanding its market presence and enhancing its product offerings in the optical communication industry[27] - The company has rapidly expanded its new fiber optic product business, with G.654.E fiber optic products maintaining a leading market share in domestic operators[100] - The company has established eight overseas bases and over 50 overseas offices, enhancing its international presence and ability to respond to market demands[104] Acquisitions and Investments - The group established Changfei Guangfang (Xiangyang) Technology Co., Ltd. with a registered capital of RMB 100 million for software development and new materials technology research[85] - The acquisition of Radio Frequency Systems GmbH and its subsidiaries was completed in April 2024, with their financial performance included in the group's consolidated financial statements from that date[87] Employee and Operational Metrics - The total employee cost for the group was approximately RMB 1,562.0 million, down from RMB 1,781.7 million in 2023, with a workforce of about 9,616 full-time employees[83] - The company has adjusted its operating segments to better reflect its business strategy, now reporting under two segments: Optical Transmission Products and Optical Interconnect Components[61] Governance and Compliance - The audit committee has reviewed and discussed the annual performance for the year ending December 31, 2024, including the consolidated financial statements[117] - The company has adopted all provisions of the corporate governance code and complied with it throughout the fiscal year ending December 31, 2024[119]

Financial Performance - The company's operating revenue for Q3 2024 was RMB 3,346,410,877, representing a year-on-year increase of 7.46%[3] - Net profit attributable to shareholders for the same period was RMB 195,188,365, a decrease of 28.65% compared to the previous year[3] - The basic earnings per share for Q3 2024 was RMB 0.26, down 27.78% year-on-year[3] - Total operating revenue for the nine months ended September 30, 2024, was RMB 8,694,498,588, a decrease of 13.3% compared to RMB 10,029,322,250 in the same period of 2023[12] - Net profit attributable to shareholders of the parent company was RMB 572,937,218, down 34.8% from RMB 880,590,578 in the previous year[12] - The company’s total profit for the nine months was RMB 557,860,078, down from RMB 892,430,451 in the same period of 2023, indicating a decline of 37.4%[12] Assets and Liabilities - The total assets as of September 30, 2024, reached RMB 30,624,524,627, reflecting a growth of 5.09% from the end of the previous year[3] - The total current assets as of September 30, 2024, amounted to RMB 14,863,461,018, an increase from RMB 14,556,294,870 as of December 31, 2023, reflecting a growth of approximately 2.1%[10] - The total liabilities increased to RMB 15,810,084,598 as of September 30, 2024, compared to RMB 14,744,846,456 at the end of 2023, indicating a rise of approximately 7.2%[11] - The company's total equity rose to RMB 14,814,440,030 from RMB 14,397,497,437, marking an increase of about 2.9%[11] - The total non-current assets amounted to RMB 15,761,063,609, slightly down from RMB 14,586,049,023, showing a decrease of about 0.1%[10] Cash Flow - The net cash flow from operating activities for the year-to-date period was RMB 743,933,346, showing a 10.97% increase[3] - Cash flow from operating activities generated RMB 743,933,346, an increase of 10.9% compared to RMB 670,377,436 in the same period last year[14] - Cash flow from investing activities showed a net outflow of RMB 2,132,220,686, slightly improved from a net outflow of RMB 2,269,539,134 in the previous year[14] - Cash flow from financing activities resulted in a net inflow of RMB 630,989,392, down from RMB 1,483,380,887 in the same period of 2023[15] Shareholder Information - The company reported a total of 24,279 shareholders as of the end of the reporting period[6] - The top shareholder, China Huaxin Post and Telecommunication Technology Co., Ltd., holds 23.73% of the shares[6] - The company reported a total of 10 major shareholders, with the largest being China Huaxin Post and Telecommunications Technology Co., Ltd., holding 179,827,794 shares[7] Inventory and Borrowings - The inventory level increased to RMB 3,142,959,676 from RMB 2,941,352,651, which is an increase of approximately 6.8%[10] - Short-term borrowings increased significantly to RMB 2,500,259,318 from RMB 1,749,536,836, reflecting a rise of about 43%[11] - The company's long-term borrowings also increased to RMB 5,391,283,988 from RMB 4,855,183,468, indicating a growth of approximately 11%[11] Other Financial Metrics - Non-recurring gains and losses amounted to RMB 188,053,360, an increase of 28.48% year-on-year[4] - Research and development expenses remained stable at RMB 559,041,862, compared to RMB 558,709,760 in the previous year[12] - The company reported a significant increase in cash received from investment recoveries, totaling RMB 2,766,496,533, compared to RMB 1,028,509,200 in the previous year[14] - Cash and cash equivalents decreased to RMB 3,084,184,335 from RMB 3,895,836,574, representing a decline of about 20.8%[10] - The company’s cash and cash equivalents at the end of the period were RMB 3,018,750,463, down from RMB 4,125,273,115 at the end of the previous year[15] - The weighted average return on equity decreased by 0.78 percentage points to 1.70% for the quarter[3] - Accounts receivable increased to RMB 5,339,855,693 from RMB 5,197,048,639, which is an increase of approximately 2.7%[10]

Financial Performance - The company reported a revenue of RMB 1.5 billion for the first half of 2024, representing a year-on-year increase of 15%[1] - Total revenue for the six months ended June 30, 2024, was approximately RMB 5,348.1 million, a decrease of approximately RMB 1,567.1 million or 22.7% compared to the same period last year[22] - Revenue for the six months ended June 30, 2024, was RMB 5,348,087,711, a decrease of 22.7% compared to RMB 6,915,183,145 in 2023[45] - Profit attributable to equity shareholders was approximately RMB 377.7 million, a decrease of approximately RMB 229.3 million or 37.8% compared to the same period last year[22] - Operating profit decreased significantly to RMB 163,201,651, down 76.1% from RMB 685,106,305 in the same period last year[45] - Net profit for the period attributable to shareholders was RMB 377,748,853, a decline of 37.7% compared to RMB 607,014,926 in 2023[45] - The total comprehensive income for the period was RMB 274,709,223, down 62.2% from RMB 726,563,470 in the previous year[51] - The company reported a decrease in total comprehensive income of RMB 21,679,843 for the six months ended June 30, 2024, compared to the previous period[101] User Metrics - User data showed an increase in active subscribers to 2.3 million, up 20% compared to the previous period[1] Revenue Expectations - The company expects revenue growth to continue at a rate of 10-15% for the second half of 2024[1] Product Development and Market Expansion - New product launches include a next-generation optical fiber cable, projected to increase market share by 5%[1] - The company is investing RMB 200 million in R&D for advanced technologies, focusing on enhancing production efficiency[1] - Market expansion efforts are underway in Southeast Asia, targeting a 30% increase in sales in that region by the end of 2024[1] Acquisitions and Partnerships - The company has completed the acquisition of a local competitor, expected to contribute an additional RMB 300 million in annual revenue[1] - A new strategic partnership with a leading telecom provider aims to enhance service offerings and customer reach[1] Financial Ratios and Dividends - The gross margin improved to 35%, up from 32% in the previous year, due to cost control measures[1] - The company plans to increase its dividend payout ratio to 40% of net profit, reflecting strong financial performance[1] - The Board did not recommend any interim dividend for the period[22] Asset and Liability Overview - Total current assets as of June 30, 2024, amounted to RMB 14,956.1 million, an increase from RMB 14,556.3 million as of December 31, 2023[23] - Total non-current assets as of June 30, 2024, were RMB 14,923.8 million, compared to RMB 14,586.0 million as of December 31, 2023[23] - Total assets as of June 30, 2024, were RMB 29,879.9 million, an increase from RMB 29,142.3 million as of December 31, 2023[29] - Total liabilities as of June 30, 2024, were RMB 15,331.5 million, compared to RMB 14,744.8 million as of December 31, 2023[27] - Shareholders' equity attributable to the Company was RMB 11,328.0 million as of June 30, 2024, slightly up from RMB 11,307.1 million as of December 31, 2023[29] Cash Flow Analysis - Cash inflows from operating activities totaled RMB 6,215,049,824, down 15.1% from RMB 7,321,329,406 in 2023[65] - The net cash inflow from operating activities was RMB 213,556,282, a decrease of 37.9% compared to RMB 343,973,709 in the previous year[65] - Cash inflows from investing activities amounted to RMB 1,184,083,955, an increase of 45% from RMB 816,879,837 in 2023[68] - The net cash outflow from investing activities was RMB 1,066,768,947, slightly higher than RMB 1,020,187,023 in the same period last year[68] - Cash inflows from financing activities reached RMB 3,462,342,827, an increase of 14.4% compared to RMB 3,026,954,447 in 2023[72] - The net cash inflow from financing activities was RMB 630,281,190, a decrease of 57.9% from RMB 1,496,423,882 in the previous year[72] Financial Statements and Compliance - The company’s financial statements were approved by the Board of Directors on August 23, 2024[42] - The financial statements were prepared in accordance with the "Accounting Standards for Business Enterprises," ensuring compliance and transparency[117] Shareholder Information - The company distributed RMB 350,152,160 to shareholders during the reporting period, with an additional distribution of RMB 50,734,313 to non-controlling interests, totaling RMB 400,886,473[96] - The total shareholders' equity at the end of the period was RMB 8,815,489,589, compared to RMB 8,656,845,377 at the beginning of the period, indicating an increase of approximately 1.84%[104] Financial Instruments and Assets - The Group's financial instruments include cash and cash equivalents, equity investments (excluding long-term equity investments), receivables, payables, loans, debenture payables, and share capital[168] - Financial assets are classified into three categories: measured at amortised cost, at fair value through other comprehensive income (FVOCI), and at fair value through profit or loss (FVTPL)[174] - Financial assets are not reclassified after initial recognition unless there is a change in the business model for managing financial assets[175]

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 長飛光纖光纜股份有限公司 Yangtze Optical Fibre and Cable Joint Stock Limited Company* （於中華人民共和國註冊成立之股份有限公司） （股份代號：6869） 截至二零二四年六月三十日止六個月之中期業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 營業收入約為人民幣 5,348.1 百萬元，較去年同期減少約人民幣 1,567.1 百萬 元，降幅約為 22.7% 。 | | • | 毛利約為人民幣 1,492.1 百萬元，較去年同期減少約人民幣 312.3 百萬元，降 幅約為 17.3% ...

Financial Performance - The company's operating revenue for Q1 2024 was RMB 2,386,939,536, representing a decrease of 25.29% compared to the same period last year[4]. - Net profit attributable to shareholders for Q1 2024 was RMB 57,920,130, down 75.97% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 24,424,437, a decline of 89.36% compared to the previous year[4]. - Basic and diluted earnings per share for Q1 2024 were both RMB 0.08, reflecting a decrease of 75.00% year-on-year[4]. - Operating profit for Q1 2024 was RMB 41,302,014, a significant decline from RMB 245,861,550 in Q1 2023[15]. - Total operating costs for Q1 2024 were RMB 2,313,251,760, down 21.5% from RMB 2,950,496,310 in Q1 2023[15]. - Basic earnings per share for Q1 2024 were RMB 0.08, down from RMB 0.32 in Q1 2023[16]. Cash Flow and Assets - The net cash flow from operating activities for Q1 2024 was RMB 104,046,501, not applicable for year-on-year comparison[4]. - Cash flow from operating activities for Q1 2024 was RMB 104,046,501, compared to a negative cash flow of RMB (53,560,243) in Q1 2023[17]. - Cash and cash equivalents at the end of Q1 2024 totaled RMB 4,081,413,660, slightly down from RMB 4,175,600,371 at the end of Q1 2023[18]. - The company's cash and cash equivalents increased to RMB 4,202,692,451 from RMB 3,895,836,574, representing a growth of about 7.87%[13]. - As of March 31, 2024, the total current assets amounted to RMB 14,784,513,264, an increase from RMB 14,556,294,870 as of December 31, 2023, reflecting a growth of approximately 1.56%[13]. Shareholder Information - The company reported a total of 27,264 shareholders at the end of the reporting period[7]. - The largest shareholder, China Huaxin Post and Telecommunications Technology Co., Ltd., held 179,827,794 shares, representing 23.73% of the total shares[8]. - The company has a significant shareholder structure, with the top ten unrestricted shareholders holding a total of 479,000,000 shares[9]. Liabilities and Equity - Total liabilities as of March 31, 2024, were RMB 14,792,995,165, slightly up from RMB 14,744,846,456 as of December 31, 2023, indicating a marginal increase of 0.33%[14]. - Short-term borrowings rose to RMB 2,188,434,236 from RMB 1,749,536,836, marking an increase of about 25.12%[14]. - The total equity attributable to shareholders increased to RMB 11,340,625,311 from RMB 11,307,108,305, a rise of about 0.30%[14]. - Equity attributable to shareholders at the end of the reporting period was RMB 11,340,625,311, up 0.30% from the previous year[4]. Investments and Acquisitions - The company plans to acquire Radio Frequency Systems GmbH and Anfu Wireless RF Systems (Suzhou) Co., Ltd., with the acquisition approved on October 13, 2023[11]. - The company reported a net cash outflow from investing activities of RMB (238,302,608) in Q1 2024, compared to RMB (755,026,135) in Q1 2023[17]. - The company raised RMB 1,877,238,508 from borrowings in Q1 2024, an increase from RMB 1,412,734,646 in Q1 2023[18]. Inventory and Receivables - The company's inventory increased to RMB 3,018,384,183 from RMB 2,941,352,651, reflecting a growth of approximately 2.62%[13]. - The company reported a decrease in accounts receivable from RMB 5,197,048,639 to RMB 4,888,709,304, a decline of approximately 5.93%[13]. Research and Development - Research and development expenses for Q1 2024 were RMB 156,132,152, a decrease from RMB 181,210,521 in Q1 2023[15].

長飛光纖光纜股份有限公司 yangtze optical fibre and cable joint stock limited company (於中華人民共和國註冊成立的股份有限公司) (a joint stock limited company incorporated in the People's Republic of China with limited liability) (STOCK CODE 股票代號: 601869.SH 06869.HK) 年度報告| AEPORT Smart Link Better Life | --- | --- | --- | |----------|-------|----------------------------------------------------------------------------------------| | | | | | | 2 | Corporate Profile 公司簡介 | | CONTENTS | 3 | Financial Highlights 財務摘要 | | 目錄 | 7 | Chairman's Sta ...

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 長飛光纖光纜股份有限公司 Yangtze Optical Fibre and Cable Joint Stock Limited Company* （於中華人民共和國註冊成立之股份有限公司） （股份代號：6869） 截至二零二三年十二月三十一日止年度之經審核全年業績公告 長飛光纖光纜股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公司的 核數師畢馬威華振會計師事務所（特殊普通合夥）已根據中國註冊會計師審計準則 的規定完成本公司及其附屬公司（統稱「本集團」）截至二零二三年十二月三十一日 止年度之全年業績（「二零二三年全年業績」）審核程序。 | --- | --- | --- | |-------|-----------------------------------------------------------------------------|----------------------- ...

Financial Performance - The company's operating revenue for Q3 2023 was RMB 3,114,139,105, a decrease of 19.14% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was RMB 273,575,652, down 21.84% year-on-year[4]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was RMB 146,366,413, a significant decline of 55.33% compared to the previous year[4][6]. - The total net profit for the first nine months of 2023 was RMB 880,590,578, showing a slight increase of 0.59% year-on-year[4]. - Net profit for the same period was RMB 825,270,755, down from RMB 863,827,194 in 2022, reflecting a decline of 4.46%[13]. - Net profit attributable to shareholders for the nine months ended September 30, 2023, was RMB 880,590,578, a slight increase from RMB 875,424,913 in the same period of 2022, reflecting a growth of 0.13%[14]. - Total comprehensive income attributable to shareholders for the nine months ended September 30, 2023, was RMB 957,019,446, compared to RMB 904,910,913 in 2022, indicating an increase of 5.77%[14]. - The basic earnings per share for Q3 2023 was RMB 0.36, a decrease of 23.40% compared to the same period last year[4]. - The basic and diluted earnings per share remained stable at RMB 1.16 for both the nine months ended September 30, 2023, and 2022[14]. Assets and Liabilities - The total assets as of September 30, 2023, reached RMB 29,640,189,577, reflecting a growth of 5.09% from the end of the previous year[4]. - Current assets totaled RMB 15,533,403,878 as of September 30, 2023, slightly up from RMB 15,414,867,488 at the end of 2022[11]. - Long-term equity investments increased significantly to RMB 3,350,581,237 from RMB 1,828,164,430, marking an increase of 83.3%[11]. - Total liabilities rose to RMB 14,866,112,405, compared to RMB 13,666,245,433 at the end of 2022, indicating an increase of 8.8%[12]. - The total assets of the company reached RMB 29,640,189,577, up from RMB 28,203,306,647 at the end of 2022, reflecting a growth of 5.1%[12]. - The company’s total equity attributable to shareholders increased to RMB 11,403,795,776 from RMB 10,144,245,884, representing a growth of 12.42%[12]. Cash Flow - The company reported a net cash flow from operating activities of RMB 670,377,436 for the first nine months of 2023, down 28.95% year-on-year[4]. - Cash flow from operating activities for the nine months ended September 30, 2023, was RMB 670,377,436, down from RMB 943,500,233 in the same period of 2022, representing a decrease of 29%[16]. - Cash inflow from sales of goods and services was RMB 10,744,056,883 for the nine months ended September 30, 2023, compared to RMB 9,061,429,375 in 2022, showing an increase of 18.54%[16]. - Cash outflow for purchasing goods and services was RMB 8,833,401,099 for the nine months ended September 30, 2023, up from RMB 7,194,248,311 in 2022, reflecting an increase of 22.77%[16]. - Net cash flow from investing activities for the nine months ended September 30, 2023, was RMB (2,269,539,134), compared to RMB (1,536,714,650) in 2022, indicating a significant increase in cash outflow[16]. - Cash flow from financing activities for the nine months ended September 30, 2023, was RMB 1,483,380,887, down from RMB 2,085,348,919 in 2022, a decrease of 28.87%[17]. - The total cash and cash equivalents at the end of the period was RMB 4,125,273,115, compared to RMB 4,328,372,340 at the end of the same period in 2022, showing a decrease of 4.69%[17]. - The company reported a significant increase in financial expenses, totaling RMB 101,181,229, compared to RMB 60,358,156 in the same period last year[13]. Government Subsidies and Shareholding - The company received government subsidies amounting to RMB 55,158,033 in Q3 2023, contributing to its non-recurring gains[5]. - The top ten shareholders held a total of 23.73% of the shares, with China Huaxin Post and Telecommunications Technology Co., Ltd. being the largest shareholder[7]. Research and Development - Research and development expenses for the nine months were RMB 558,709,760, slightly higher than RMB 544,429,763 in the previous year[13].