Summary of Key Points Core Viewpoint - A total of 36 companies conducted share buybacks on May 6, 2025, with China Hongqiao (01378) leading in both the number of shares repurchased and the total amount spent on buybacks [1][2]. Group 1: Buyback Details - China Hongqiao (01378) repurchased 3.442 million shares for a total of 47.9684 million [2]. - COSCO Shipping Holdings (01919) repurchased 3.57 million shares for a total of 42.9239 million [2]. - Times Electric (03898) repurchased 981,000 shares for a total of 31.2626 million [2]. - Swire Pacific A (00019) repurchased 335,000 shares for a total of 23.1486 million [2]. - Changfei Optical Fiber (06869) repurchased 500,000 shares for a total of 17.2757 million [2]. Group 2: Cumulative Buyback Data - China Hongqiao (01378) has a cumulative buyback of 13.1 million shares, representing 1.39% of its total share capital [2]. - COSCO Shipping Holdings (01919) has a cumulative buyback of 24.5 million shares, representing 7.672% of its total share capital [2]. - Times Electric (03898) has a cumulative buyback of 4.47233 million shares, representing 8.242% of its total share capital [2]. - Swire Pacific A (00019) has a cumulative buyback of 5.43295 million shares, representing 6.505% of its total share capital [2]. - Four Seasons Pharmaceutical (00460) has a cumulative buyback of 10.6 million shares, representing 1.141% of its total share capital [2]. Group 3: Additional Companies - Jitu Express-W (01519) repurchased 1.63 million shares for a total of 10.0129 million [2]. - Swire Properties (01972) repurchased 600,000 shares for a total of 9.9518 million [2]. - Guosheng International (01788) repurchased 500,000 shares for a total of 5.201 million [3]. - Mengniu Dairy (02319) repurchased 20,000 shares for a total of 0.398 million [3]. - Weigao Group (01066) repurchased 60,000 shares for a total of 0.3458 million [3].

Core Insights - The company, Yangtze Optical Fibre and Cable Joint Stock Limited Company (长飞光纤), reported significant growth in Q1 2025, with total revenue reaching 2.894 billion yuan, a year-on-year increase of 21.23%, and net profit soaring to 152 million yuan, up 161.91% [1][2] Group 1: Financial Performance - The company's net profit for Q1 2025 was 152 million yuan, reflecting a remarkable year-on-year growth of 161.91% [1][2] - The operating cash flow for the company increased significantly, reaching 436 million yuan, a year-on-year growth of 318.57% [2] - The company's revenue from overseas markets has grown substantially, from approximately 398 million yuan in 2014 (7.01% of total revenue) to about 4.121 billion yuan in 2024 (33.79% of total revenue) [2] Group 2: Research and Development - The company has consistently increased its R&D investment, with Q1 2025 R&D expenses amounting to 176 million yuan, a year-on-year increase of 12.8% [1][3] - R&D expenses as a percentage of total revenue have shown a structural increase, reaching 6.45% in 2024, the highest since the company's listing [3] - The company's focus on R&D has led to an improvement in gross margin, which rose to 27.84% in Q1 2025 [3] Group 3: Global Expansion - The company has established a robust global presence, with overseas business income consistently accounting for over 30% of total revenue since 2021 [2] - The company has set up eight overseas bases and over 50 offices in various countries, including Mexico, Indonesia, South Africa, Brazil, Poland, and Germany [2]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,893,750,963, representing a 21.23% increase compared to CNY 2,386,939,536 in the same period last year[3] - Net profit attributable to shareholders reached CNY 151,696,565, a significant increase of 161.91% from CNY 57,920,130 year-over-year[3] - Basic and diluted earnings per share both increased to CNY 0.20, reflecting a 150.00% rise from CNY 0.08 in the same quarter last year[3] - Operating profit for Q1 2025 was CNY 118,994,812, significantly higher than CNY 41,302,014 in Q1 2024, marking an increase of 187.5%[19] - Net profit for Q1 2025 totaled CNY 183,921,717, compared to CNY 45,035,506 in Q1 2024, representing an increase of 309.5%[19] - The company reported a total comprehensive income of ¥189,340,364 for the first quarter of 2025, a substantial rise from ¥2,621,404 in the same quarter of 2024[21] Cash Flow and Investments - The net cash flow from operating activities surged to CNY 435,507,010, marking a 318.57% increase compared to CNY 104,046,501 in the previous year[3] - Operating cash flow for the first quarter of 2025 was ¥435,507,010, up from ¥104,046,501 in the first quarter of 2024, indicating a growth of approximately 318%[23] - The company incurred a net cash outflow from investing activities of ¥318,911,257 in Q1 2025, compared to a net outflow of ¥238,302,608 in Q1 2024[25] - The financing activities resulted in a net cash outflow of ¥171,325,875 in Q1 2025, contrasting with a net inflow of ¥442,927,674 in the same quarter of the previous year[25] - The company received cash inflows from investments totaling ¥2,050,304,038 in Q1 2025, significantly higher than ¥310,025,385 in Q1 2024, indicating a growth of approximately 558%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 31,979,056,140, a slight increase of 0.80% from CNY 31,726,719,925 at the end of the previous year[3] - Total assets as of March 31, 2025, amounted to CNY 31,979,056,140, up from CNY 31,726,719,925 at the end of 2024[14] - Total liabilities increased to CNY 16,606,243,832 as of March 31, 2025, compared to CNY 16,145,428,036 at the end of 2024[16] - Shareholders' equity as of March 31, 2025, was CNY 15,372,812,308, down from CNY 15,581,291,889 at the end of 2024[16] Shareholder Information - The company reported a total of 25,630 common shareholders at the end of the reporting period[7] - Major shareholders include China Huaxin Post and Telecommunication Technologies Co., Ltd., holding 23.73% of shares, and Holland Draka Communication Technology Co., Ltd., also holding 23.73%[7] Research and Development - R&D expenses for Q1 2025 were CNY 176,104,643, an increase from CNY 156,132,152 in Q1 2024, reflecting a growth of 12.8%[19] Non-Recurring Items - Non-recurring gains and losses totaled CNY 108,447,951, with significant contributions from government subsidies and asset disposals[5]

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].

Group 1 - A batch of patent applications from Changfei Optical Fiber and Cable Co., Ltd. has entered an accelerated examination channel, reducing the authorization time from 2-3 years to 2-3 months [1] - The Wuhan Intellectual Property Protection Center recognized the high-value attributes of the patents and conducted on-site assessments to help optimize the patent layout and improve quality [1][2] - The average examination cycle for rapid pre-examination cases has been shortened by 70%, with batch pre-examination applications receiving authorization in 2-3 months [1][2] Group 2 - The rapid patent protection system has significantly supported Changfei's technological innovation and market positioning, allowing quicker confirmation of intellectual property rights [2] - As of the end of 2024, the Wuhan Intellectual Property Protection Center has registered 2,422 entities, with 68.5% being high-tech enterprises, and has processed 12,824 rapid pre-examination cases [2] - The center has been approved as a pilot unit for batch pre-examination of invention patent applications, completing 23 batches of 158 cases related to key technology fields [3]

将投中网设为"星标⭐"，第一时间收获最新推送 在本次举办的"长飞天使基金"发布会上，长飞基金管理合伙人、总经理刘斌首次系统披露了这家产业资本五年来的 CVC 进阶路径，从"产业协 同"向"生态赋能"的价值跃迁。作为全球光纤龙头长飞集团旗下 CVC 平台，长飞基金凭借独特的"战略定力 + 创新魄力"模式，已跻身投中 2024 年度 中国最具成长潜力私募股权投资机构十强。 长飞基金的CVC进阶之路，是战略定力与创新魄力的结合，更是对中国硬科技崛起的坚定回应。 来源丨 投中网 4 月 24 日，由全球光通信龙头企业长飞光纤光缆股份有限公司（ 简称："长飞光纤"或"长飞集团"，股票代码： 601869.SH ， 06869.HK ）旗下长 飞基金主导设立的湖北省长飞天使创业投资基金合伙企业（有限合伙）（简称"长飞天使基金"），正式对外发布并启动投资运营。 （长飞天使基金合伙人代表共同点亮发布仪式） 该基金总规模达 6 亿元人民币，由长飞基金联合楚天凤鸣、长三角（嘉兴）母基金、武汉产业基金、武鄂协同基金、光谷合伙人基金，及产业方长飞光 纤、博创科技共同出资设立。基金将瞄准多元化硬科技领域，重点关注具备技术壁垒的早期项目 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 上市公司名称：长飞光纤光缆股份有限公司 上市地点：上海证券交易所（A股）、香港联合交易所有限公司（H股） 股票简称：长飞光纤（A股）、长飞光纤光缆（H股） 股票代码：601869（A股）、06869（H股） 信息披露义务人名称：Draka Comteq B.V. 注册地址：Schieweg 9, 2627AN Delft 通讯地址：Schieweg 9, 2627AN Delft 股份变动性质：减少 签署日期：2025年4月17日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行证券的公司 信息披露内容与格式准则第15号——权益变动报告书》及相关法律、法规和规范性文件的有关规定编写 本报告书。 截至本报告书签署日，信息披露义务人基本情况如下： 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本报告书已全面披露了信息披 露义务人在长飞光纤光缆股份有限公司（以下简称"长飞光纤"）中拥有权益的股份变动情况。截至本报 告书签署之日，除本报告书披露 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：601869 证券简称：长飞光纤 公告编号：临 2025-014 长飞光纤光缆股份有限公司 关于以集中竞价方式回购 A 股股份方案的公告 重要内容提示： 1、若本次回购期限内，公司股票价格持续超出回购方案披露的价格区间，则存在 本次回购方案无法实施的风险； 回购股份金额：不低于人民币 16,000 万元（含）且不超过人民币 32,000 万元 （含） 回购股份资金来源：公司自有资金 回购股份用途：员工持股计划 回购股份价格：不超过人民币 57.53 元/股（含） 回购股份方式：集中竞价交易方式 回购股份期限：自董事会审议通过本次回购方案之日起 12 个月 相关股东是否存在减持计划：公司无控股股东、实际控制人。经公司问询，截 至本次回购方案董事会决议日，公司董监高、第一大股东中国华信邮电科技有 限公司（以下简称"中国华信"）及持股 5%以上的股东在未来 3 个月、6 个月 暂不存在减持计划。若未来拟实施减持计划，公司将按照相关规定及时履行信 息披露义务。公司董监高持有 ...

长飞光纤光缆股份有限公司 内部控制审计报告 2024 年 12 月 31 日 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 内部控制审计报告 毕马威华振审字第 2507627 号 长飞光纤光缆股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了长飞 光纤光缆股份有限公司 (以下简称"贵公司") 2024 年 12 月 31 日的财务报告内部控制的有效 性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、 ...