Core Viewpoint - The company plans to distribute a cash dividend of RMB 0.268 per share (including tax) based on the total share capital as of the record date for the rights distribution [1][2]. Profit Distribution Plan - The company reported a net profit attributable to shareholders of RMB 675,878,799 for the fiscal year 2024 [2]. - The proposed profit distribution plan involves a cash dividend of RMB 2.68 for every 10 shares held, which represents 30.05% of the net profit attributable to shareholders [2][3]. - The specific date for the cash dividend distribution will be announced in a subsequent rights distribution implementation notice [4]. - If there are changes in the total share capital before the record date, the total distribution amount will remain unchanged, but the per-share distribution ratio will be adjusted accordingly [4]. Decision-Making Process - The profit distribution plan was approved by the company's board of directors with unanimous consent during the meeting held on March 28, 2025 [5]. - The audit committee confirmed that the plan complies with the company's profit distribution policy as outlined in the articles of association [5]. - The proposal will be submitted for approval at the upcoming shareholders' meeting [5].

Core Points - The board of directors of Changfei Optical Fiber Co., Ltd. held its 12th meeting of the 4th session on March 28, 2025, where several key resolutions were passed [1][2][3][4][5][6][7][8][9][10][11] Summary by Categories Board Reports and Financial Statements - The board approved the 2024 Annual Board Report, the 2024 Annual Independent Director Work Report, and the 2024 Annual President Work Report, all receiving unanimous approval [1][2][3] - The board also approved the 2024 Annual Report and Summary, as well as the financial statements prepared according to international accounting standards, both of which will be submitted for shareholder approval [3][4] Profit Distribution and Financial Policies - The company proposed a profit distribution plan to distribute a cash dividend of RMB 2.68 per 10 shares (including tax), which represents approximately 30.05% of the net profit attributable to ordinary shareholders for 2024 [4] - The board approved a change in accounting policies and the 2024 Annual Financial Settlement Report, both requiring shareholder approval [4][5] Organizational and Operational Changes - The board approved a proposal to optimize the organizational structure to enhance operational efficiency and customer response speed [4][5] - A resolution was passed to establish a wholly-owned subsidiary in Singapore focused on the research and sales of hollow-core fiber technology, capitalizing on the growing demand for AI infrastructure [6][7] Shareholder Engagement and Employee Incentives - The board approved a 2025 Employee Stock Ownership Plan (ESOP) to enhance employee engagement and retention, which will be submitted for shareholder approval [8][9][10] - A resolution was passed to repurchase shares for the implementation of the ESOP, with a budget of between RMB 160 million and RMB 320 million [10][11] External Partnerships and Financial Activities - The board approved a proposal to acquire a controlling stake in the subsidiary of Italian company EL.EN. S.p.A., which will be disclosed in further announcements [6][7] - The company plans to engage in foreign exchange and raw material hedging transactions with a maximum guarantee amount of RMB 200 million [5][6]

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]

前十大流通股东累计持有： 67943.78万股，累计占流通股比： 89.66%，较上期变化： 100.01万股。 | 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 中国华信邮电科技有限公司 | 17982.78 | 23.73 | 不变 | | 荷兰德拉克通信科技有限公司 | 17982.78 | 23.73 | 不变 | | 香港中央结算(代理人)有限公司 | 17159.53 | 22.64 | 0.60 | | 武汉长江通信（600345）产业集团股份有限公司 | 11993.70 | 15.82 | 不变 | | 上海甄投资产管理有限公司-甄投创鑫45号私募证券 投资基金 | 812.72 | 1.07 | 233.81 | | 宁波睿图企业管理咨询合伙企业(有限合伙) | 612.29 | 0.81 | -113.02 | | 华润深国投信托有限公司-华润信托·晟利5号单一资金 信托 | 526.92 | 0.70 | 不变 | | 香港中央结算有限公司 | 428.73 | 0.57 | ...

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]

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"）子公司武汉 市长飞资本管理有限责任公司（以下简称"长飞资本"）及博创科技股份有限公 司（以下简称"博创科技"）作为有限合伙人参与设立了湖北省长飞天使创业投 资基金合伙企业（有限合伙）（以下简称"天使创业基金"或"基金"）。具体 情况详见公司在上海证券交易所网站(www.sse.com.cn)披露的《关于子公司拟参 与设立投资基金的公告》（公告编号：临 2024-027）。 证券代码：601869 证券简称：长飞光纤 公告编号：临 2025-004 长飞光纤光缆股份有限公司 关于子公司参与设立投资基金的进展公告 备案日期：2025 年 03 月 11 日 备案编码：SARV63 公司将严格按照相关法律法规的规定和要求，根据天使创业基金的后续进展 情况及时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 备查文件： 近日，公司收到基金管理人通知，天使创业基金已完成工商登记，并根据《证 券投资基金法》和《私募投资基金监督 ...

Group 1 - Changfei Fiber (601869) experienced a price increase of 4.73% with a trading volume turnover rate of 8.98% and a total transaction value of 1.298 billion [1] - The stock exhibited a volatility amplitude of 18.55%, leading to its listing on the Shanghai Stock Exchange's watchlist for significant price movement [1] - Institutional investors net purchased 162 million, while the Shanghai-Hong Kong Stock Connect saw a net purchase of 36.4018 million, contrasting with a total net sell of 261 million from brokerage seats [1]

关于长飞光纤光缆股份有限公司 股票交易异常波动问询函的回复 本公司作为长飞光纤光缆股份有限公司(以下简称"上市公 司")的第一大股东,截至目前不存在影响上市公司股票交易异常波 动的重大事项,不存在与上市公司相关的应披露而未披露的重大信息, 包括但不限于重大资产重组、股份发行、重大交易类事项、业务重组、 股份回购、股权激励、破产重整、重大业务合作、引进战略投资者等 重大事项。 长飞光纤光缆股份有限公司: 本公司于 2025年1月24日收到贵公司发来的《关于长飞光纤 光缆股份有限公司股票交易异常波动问询函》,本公司经认真自查, 现回复如下: 于上市公司本次股票交易异常波动期间,本公司、本公司的控股 股东及其一致行动人不存在买卖上市公司股票的情形。 特此回复。 中国 ...

公司股票于 2025 年 1 月 22 日至 2025 年 1 月 24 日连续三个交易日收盘价格 涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于 股票交易异常波动情形。 二、 公司关注并核实的相关情况 证券代码：601869 证券简称：长飞光纤 公告编号：临 2025-002 长飞光纤光缆股份有限公司 关于股票交易异常波动的公告 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。 重要内容提示： 一、 股票交易异常波动的具体情况 长飞光纤光缆股份有限公司（以下简称"公司"）股票于2025年1月22日至 2025年1月24日连续三个交易日收盘价格涨幅偏离值累计超过20%，根据《上 海证券交易所交易规则》的有关规定，属于股票交易异常波动情形； 经公司自查，并向公司第一大股东中国华信邮电科技有限公司发函询证，截 至本公告披露日，不存在应披露而未披露的重大信息。 风险提示： 1、公司股票价格2025年1月22日至2025年1月24日连续三个交易日收盘价格 涨幅偏离值累计超过20%，股价波动幅度较大。敬请广大投 ...

長飛光纖光纜股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，由二零二 五年一月十日起，本公司於香港的主要營業地點的地址將更改為香港銅鑼灣希慎 道33號利園一期19樓1918室。 承董事會命 長飛光纖光纜股份有限公司 Yangtze Optical Fibre and Cable Joint Stock Limited Company* 董事長 （股份代號：6869） 更改香港主要營業地點的地址 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的股份有限公司） 於本公告日期，董事會包括執行董事莊丹先生；非執行董事馬杰先生、菲利普•范 希爾先生、郭韜先生、皮埃爾•法奇尼先生、弗雷德里克•佩森先生、熊向峰先生 及梅勇先生；獨立非執行董事滕斌聖先生、宋瑋先生、李長愛女士及曾憲芬先 ...