毕马威华振专字第 2501768 号 长飞光纤光缆股份有限公司董事会： 关于长飞光纤光缆股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 目 录 1、 专项审计报告 2、 附表 委托单位： 审计单位： 联系电话： 关于长飞光纤光缆股份有限公司 2024 年度非经营性资金占用及其他关联资金往来情况的专项说明 我们接受委托，按照中国注册会计师审计准则审计了长飞光纤光缆股份有限公司(以下简称 "长飞公司") 2024 年度的财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表， 2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变动 表以及相关财务报表附注，并于 2025 年 3 月 28 日签发了标准无保留意见的审计报告。 根据中国证券监督管理委员会、中华人民共和国公安部、国务院国有资产监督管理委员会 和中国银行保险监督管理委员会发布的《上市公司监管指引第 8 号——上市公司资金往 来、对外担保的监管要求》(证监会公告 [2022] 26 号) 的要求，长飞公司编制了本专项说明 所附的长飞公司 2024 年度非经营性资金占用及其他关联资金 ...

Financial Performance - The company's operating revenue for 2024 was CNY 12,197,409,931, a decrease of 8.65% compared to CNY 13,352,753,464 in 2023[20] - The net profit attributable to shareholders for 2024 was CNY 675,878,799, down 47.91% from CNY 1,297,437,793 in 2023[20] - The net profit after deducting non-recurring gains and losses was CNY 367,212,804, a decrease of 49.70% compared to CNY 729,972,800 in 2023[20] - The basic and diluted earnings per share for 2024 were both RMB 0.89, down 47.95% from RMB 1.71 in 2023[21] - The weighted average return on equity decreased to 5.94% in 2024 from 12.07% in 2023, a reduction of 6.13 percentage points[21] - The company's revenue for 2024 was approximately RMB 12.197 billion, a decrease of about 8.65% compared to approximately RMB 13.353 billion in 2023[32] - The company reported a significant decrease in investment income, with a loss of 172,275,751 CNY, down 132.24% from the previous year[68] - The company reported a net cash flow from operating activities of approximately RMB 1.783 billion, an increase of 17.76% year-on-year[52] Asset and Equity - The total assets at the end of 2024 were CNY 31,726,719,925, an increase of 8.87% from CNY 29,142,343,893 at the end of 2023[20] - The net assets attributable to shareholders increased by 2.85% to CNY 11,628,982,141 at the end of 2024 from CNY 11,307,108,305 at the end of 2023[20] - The company's fixed assets increased by 25.64%, reaching RMB 8,457,953,448, indicating significant capital investment[69] - The company's inventory rose by 7.97% to RMB 3,175,767,390, reflecting increased production or stockpiling[69] - The company's overseas assets totaled RMB 2,136,281,878, accounting for 6.73% of total assets[73] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.68 per 10 shares, totaling approximately CNY 203,118,569 based on the total share capital of 757,905,108 shares[5] - The cash dividend for the recent fiscal year represents 30.05% of the net profit attributable to ordinary shareholders, which was RMB 675,878,799[143] - Over the last three fiscal years, the cumulative cash dividend amounted to RMB 942,833,955, with an average cash dividend ratio of 90.07% of the average net profit[146] Market and Industry Outlook - The demand for traditional optical fiber and cable products remains insufficient, with a reported decline in domestic optical cable production of about 18.2% year-on-year in 2024[31] - The company anticipates a recovery in global optical fiber and cable demand by 2025, with an expected annual growth rate of around 4% from 2025 to 2029[31] - The global optical fiber and cable market is projected to recover growth by 2025, with an expected annual growth rate of around 4% from 2025 to 2029[89] - The global demand for optical fibers related to AI applications is projected to grow at an annual rate of approximately 26% from 2025 to 2029[84] Research and Development - The company applied for 193 patents and was granted 117 patents in 2024, showcasing its strong R&D capabilities[47] - Research and development expenses amounted to 787,189,282 CNY, representing 6.45% of total operating income[64] - New product development initiatives are underway, with an investment of 500 million allocated for R&D in advanced fiber optic technologies[112] Corporate Governance - The company emphasizes high-level corporate governance, ensuring that all shareholders enjoy equal rights and can fully exercise their rights[101] - The board of directors is responsible for executing resolutions approved at the shareholder meetings and developing the company's investment strategies and business plans[102] - The company has established three specialized committees: the Audit Committee, the Nomination and Compensation Committee, and the Strategy Committee, to oversee specific matters[102] Environmental and Sustainability Initiatives - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[112] - The company reduced carbon emissions by 24,291 tons through various energy-saving projects, including equipment upgrades and participation in green electricity trading[162] - The company has implemented a comprehensive internal management system in accordance with ISO 14001 standards to ensure compliance with environmental regulations[153] Strategic Acquisitions and Market Expansion - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of 300 million yuan allocated for potential deals[114] - The company plans to expand its market reach into Southeast Asia, targeting a 15% market share by 2025[112] - The company completed the acquisition of Changfei Ocean Technology in November 2024, enhancing its capabilities in submarine cable production and marine engineering construction[93] Shareholding and Ownership Structure - The company has a total of 27,329 common stock shareholders as of the end of the reporting period, an increase from 22,614 in the previous month[191] - The largest shareholders are China Huaxin Post and Telecommunication Technology Co., Ltd. and Draka Communications Technology B.V., each holding 23.73% of shares[195] - The company has a diversified ownership structure, with no single shareholder able to control the board or the general meeting[196] Risk Management - The company has detailed risk factors in the report, which investors should review[7] - The company is actively addressing market risks related to 5G applications and potential price declines in terminal products[95] - The company has not reported any non-operational occupation of funds by controlling shareholders or related parties during the reporting period[172]

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]

证券代码：601869 证券简称：长飞光纤 公告编号：临 2024-030 长飞光纤光缆股份有限公司 第四届董事会第十一次会议决议公告 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、准确性和完整性承担法律责任。 长飞光纤光缆股份有限公司（以下简称"公司"、"本公司"）第四届董事 会第十一次会议于 2024 年 11 月 22 日以通讯方式召开。会议通知和议案材料等 已按照《长飞光纤光缆股份有限公司章程》（以下简称"《公司章程》"）规定 送达各位董事审阅。会议应参加表决董事 12 名，实际参加表决董事 12 名（其中 4 名独立董事），会议由董事长马杰先生主持。会议的召开符合有关法律、行政 法规、部门规章、规范性文件和《公司章程》的规定。经与会董事认真审议，以 逐项投票表决方式通过了以下议案，并形成如下决议： 一、 审议通过公司《关于补选董事会审计委员会委员的议案》 表决结果：同意 12 票，反对 0 票，弃权 0 票。 同意补选曾宪芬先生为公司第四届董事会审计委员会委员，任期为自本次公 司董事会审议通过之日起至第四届董事会任期届满之日止。 补选完成后，公 ...

证券代码：601869 证券简称：长飞光纤 公告编号：临 2024-027 长飞光纤光缆股份有限公司 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、准确性和完整性承担法律责任。 重要内容提示： 1、天使创业基金目前处于筹备阶段，尚需完成中国证券投资基金业协会备案 手续； 2、天使创业基金存在未能按照协议约定募集到足够资金的风险，在成立过程 中有一定的不确定性，具体投资领域、投资进度、投资收益等尚待进一步明 确，在投资运作过程中将受宏观经济、行业周期、投资标的公司经营管理等 多种风险因素影响，但长飞资本及博创科技作为基金的有限合伙人，承担的 投资风险敞口不超过其出资额。 一、 对外投资概述 本公司子公司长飞资本及博创科技拟于近日与武汉长飞产业基金管理有限 公司（以下简称"长飞产业基金"）、湖北省楚天凤鸣科创天使投资基金合伙企业 （有限合伙）(以下简称"楚天凤鸣基金")、长三角（嘉兴）战略新兴产业投资 合伙企业（有限合伙）（以下简称"嘉兴母基金"）和鄂州市武鄂协同创业投资基 金合伙企业（有限合伙）（以下简称"鄂州基金"）签署《湖北省长飞天使创业投 拟投资标的 ...

长飞光纤光缆股份有限公司 独立董事候选人声明与承诺 本人曾宪芬，已充分了解并同意由长飞光纤光缆股份有限公司董事会提名为 长飞光纤光缆股份有限公司第四届董事会独立董事候选人。本人公开声明，本人 具备独立董事任职资格，保证不存在任何影响本人担任长飞光纤光缆股份有限公 司独立董事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规 章及其他规范性文件，具有 5 年以上法律、经济、会计、财务、管理或者其他履 行独立董事职责所必需的工作经验。 二、本人任职资格符合下列法律、行政法规和部门规章以及公司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条件的相关规定； （四）在上市公司控股股东、实际控制人的附属企业任职的人员及其配偶、 父母、子女； （五）与上市公司及其控股股东、实际控制人或者其各自的附属企业有重大 业务往来的人员，或者在有重大业务往来的单位及其控股股东、实际控制人任职 的人员； （六）为上市公司及其控股股东、实际控制人或者其各自附 ...

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's operating revenue for Q3 2024 was CNY 3,346,410,877, representing a year-on-year increase of 7.46%[3] - Net profit attributable to shareholders for the same period was CNY 195,188,365, a decrease of 28.65% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 188,053,360, showing an increase of 28.48% year-on-year[3] - Basic earnings per share for Q3 2024 was CNY 0.26, down 27.78% from the same period last year[3] - Total operating revenue for the first three quarters of 2024 was CNY 8.69 billion, a decrease of 13.4% compared to CNY 10.03 billion in the same period of 2023[16] - Net profit for the first three quarters of 2024 was CNY 519.73 million, a decline of 37.0% from CNY 825.27 million in the same period of 2023[17] - Basic earnings per share for the first three quarters of 2024 were CNY 0.76, down from CNY 1.16 in the same period of 2023[17] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 30,624,524,627, an increase of 5.09% compared to the end of the previous year[4] - As of September 30, 2024, the total assets of the company amounted to CNY 30,624,524,627, an increase from CNY 29,142,343,893 as of December 31, 2023, representing a growth of approximately 5.08%[13] - The company's current assets totaled CNY 14,863,461,018, up from CNY 14,556,294,870, indicating an increase of about 2.10%[11] - The total liabilities of the company reached CNY 15,810,084,598, up from CNY 14,744,846,456, representing a growth of approximately 7.21%[14] - Long-term borrowings increased to CNY 5,391,283,988 from CNY 4,855,183,468, which is an increase of about 10.99%[14] - The equity attributable to shareholders increased to CNY 11,584,906,129 from CNY 11,307,108,305, reflecting a growth of about 2.45%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 743,933,346, reflecting a 10.97% increase compared to the previous year[3] - Cash flow from operating activities generated CNY 743.93 million, an increase of 10.9% from CNY 670.38 million in the same period of 2023[18] - Cash received from investment recoveries was CNY 2.77 billion, a substantial increase from CNY 1.03 billion year-over-year[18] - Total cash inflow from investment activities was CNY 2,989,826,108, while cash outflow was CNY 5,122,046,794, resulting in a net cash flow of -CNY 2,132,220,686[19] - Cash inflow from financing activities amounted to CNY 4,584,885,164, with cash outflow of CNY 3,953,895,773, leading to a net cash flow of CNY 630,989,392[19] - The net increase in cash and cash equivalents was -CNY 755,807,320, with a beginning balance of CNY 3,774,557,783, resulting in an ending balance of CNY 3,018,750,463[19] Shareholder Information - Major shareholders include China Huaxin Post and Telecommunications Technology Co., Ltd., holding 23.73% of shares[7] - The company reported a total of 179,827,794 shares held by China Huaxin Post and Telecommunications Technology Co., Ltd., making it one of the largest shareholders[9] - The company has not reported any significant changes in shareholder participation in margin trading or securities lending activities[10] Expenses and Income - Total operating costs decreased to CNY 8.12 billion, down 12.1% from CNY 9.25 billion year-over-year[16] - The company reported a significant drop in investment income, with a loss of CNY 180.18 million compared to a gain of CNY 136.87 million in the previous year[16] - Research and development expenses remained stable at CNY 559.04 million, slightly up from CNY 558.71 million year-over-year[16] - The company reported a decrease in sales expenses to CNY 336.25 million, down from CNY 347.72 million in the previous year[16] - Other comprehensive income after tax was CNY 3.78 million, a significant drop from CNY 80.99 million in the same period of 2023[17] Non-Recurring Items - Non-recurring gains and losses for the current period totaled CNY 7,135,005, significantly lower than CNY 265,001,496 for the year-to-date[5] - The company experienced a decline in net profit due to a decrease in revenue scale leading to a drop in gross profit[6] Future Outlook - The company plans to implement new accounting standards starting in 2024, which may affect the financial statements[20]

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]

Financial Performance - Revenue for the six months ended June 30, 2024, was approximately RMB 5,348.1 million, a decrease of about RMB 1,567.1 million or 22.7% compared to the same period last year[2]. - Gross profit was approximately RMB 1,492.1 million, down by about RMB 312.3 million or 17.3% year-on-year[2]. - Net profit attributable to shareholders was approximately RMB 377.7 million, a decrease of about RMB 229.3 million or 37.8% compared to the previous year[2]. - Total comprehensive income for the period was approximately RMB 274.7 million, significantly lower than RMB 726.6 million in the previous year[4]. - Basic and diluted earnings per share were both RMB 0.50, down from RMB 0.80 in the same period last year[4]. - The company reported a significant loss of RMB 77,446,012 in the current period, compared to a loss of RMB 35,292,340 in the previous year[16]. - The company reported a pre-tax profit of RMB 86,776,642 for 2024, compared to RMB 170,258,683 in 2023, reflecting a decrease of approximately 48.9%[16]. - The net profit attributable to shareholders after excluding non-recurring gains and losses was approximately RMB 119.9 million, down about 78.7% from RMB 563.7 million in the same period of 2023[56]. - The company’s financial expenses increased by 305.0% to approximately RMB 88.2 million, mainly due to increased foreign exchange losses[61]. Revenue Breakdown - Revenue from domestic customers decreased by approximately 20.0%, while revenue from overseas customers decreased by approximately 27.6% compared to the same period last year[2]. - The main business revenue from optical fibers and preforms was CNY 1,279,090,877, while cable revenue was CNY 1,929,959,316 for the first half of 2024[12]. - Total external revenue for the group for the six months ended June 30, 2024, was RMB 5,348,087,711, with the fiber and preform segment contributing RMB 1,279,090,877, the cable segment RMB 1,929,959,316, and the optical devices and modules segment RMB 539,671,108[30]. - The company achieved overseas business revenue of approximately RMB 1,766.2 million, accounting for 33.0% of total revenue in the first half of 2024[88]. - The company’s diversified business revenue reached approximately RMB 2,139.0 million, representing 40.0% of total revenue in the first half of 2024[89]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to approximately RMB 29,879.9 million, compared to RMB 29,142.3 million as of December 31, 2023[6]. - Total liabilities increased to CNY 15,331,543,861 as of June 30, 2024, compared to CNY 14,744,846,456 at the end of 2023[7]. - Total equity attributable to shareholders reached CNY 11,328,044,672 as of June 30, 2024, compared to CNY 11,307,108,305 at the end of 2023[7]. - The debt-to-equity ratio as of June 30, 2024, was 40.0%, an increase from 31.6% as of December 31, 2023[66]. - As of June 30, 2024, the company's short-term borrowings amounted to RMB 2,315,084,520, an increase from RMB 1,749,536,836 as of December 31, 2023[48]. - The company's long-term borrowings, net of current portion, were RMB 5,932,956,283 as of June 30, 2024, compared to RMB 4,855,183,468 as of December 31, 2023[52]. Operational Efficiency - The operating cost for the first half of 2024 was CNY 3,856,020,124, compared to CNY 5,110,786,663 in the same period of 2023[11]. - The gross profit was approximately RMB 1,492.1 million, a decrease of about 17.3% from RMB 1,804.4 million in the same period of 2023, with a gross margin of 27.9%[58]. - Operating costs were approximately RMB 3,856.0 million, down 24.6% from RMB 5,110.8 million year-on-year, representing 72.1% of total revenue[58]. - The company reported a net cash outflow from operating activities of approximately RMB 130.4 million, primarily due to a decline in revenue during the period[67]. Market and Industry Insights - The domestic telecommunications industry showed stable operation, with mobile internet traffic reaching 160.4 billion GB in the first half of 2024, a year-on-year increase of 12.6%[81]. - The group highlighted the global fiber optic cable market's potential for growth, driven by increased digital transformation and infrastructure development in regions like North America and Europe[81]. - The company is optimistic about future demand for new fiber optic products driven by the growth of AI and data centers, with significant potential in both domestic and international markets[82]. - In the field of third-generation semiconductors, the company is making steady progress in the research, testing, and market expansion of advanced semiconductor products, particularly silicon carbide devices for the growing domestic new energy vehicle market, which saw a penetration rate surpassing 50% in June 2024[90]. Corporate Governance and Compliance - The board of directors resolved not to declare an interim dividend for this period[2]. - The audit committee has reviewed and discussed the unaudited interim results for the six months ending June 30, 2024, ensuring compliance with corporate governance standards[93]. - The company has adopted all provisions of the corporate governance code and has complied with all relevant regulations during the reporting period[94]. - Forward-looking statements made by the company are subject to risks and uncertainties, including market growth and regulatory changes, which may lead to significant differences from actual performance[97].