证券代码：603606 证券简称：东方电缆 公告编号：2023-012 宁波东方电缆股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 14 日(星期二) 至 03 月 20 日(星期 一)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 orient@orientcable.com 进行提问。公司将在说明会 上对投资者普遍关注的问题进行回答。 宁波东方电缆股份有限公司（以下简称"公司"）已于 2023 年 3 月 10 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了 解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 03 月 21 董事长：夏崇耀 总经理：夏峰 会议召开时间：2023 年 03 月 21 日(星期二) 下午 15:00-16:00 会议 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,805,220,334.74, a decrease of 24.36% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was ¥214,077,932.52, down 34.04% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥224,632,492.54, a decrease of 30.29% compared to the previous year[4]. - The basic earnings per share for Q3 2022 was ¥0.31, reflecting a decline of 38.00% year-on-year[5]. - The diluted earnings per share for Q3 2022 was also ¥0.31, down 32.61% from the same period last year[5]. - The weighted average return on equity decreased by 3.47 percentage points to 4.09% for Q3 2022[5]. - The company achieved a main business revenue of 1.796 billion RMB in Q3 2022, a year-on-year decrease of 24.68%[13]. - For the first nine months of 2022, the company reported a cumulative main business revenue of 5.664 billion RMB, a year-on-year decrease of 1.99%[13]. - Net profit for the first three quarters of 2022 was approximately ¥736.29 million, a decrease of 23.4% compared to ¥961.52 million in the same period of 2021[22]. - The company reported a total comprehensive income of approximately ¥514.83 million for the third quarter of 2022, down from ¥957.76 million in the same period of 2021[22]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥8,632,002,407.83, an increase of 2.96% compared to the end of the previous year[5]. - The equity attributable to shareholders increased by 5.61% to ¥5,155,690,237.86 compared to the end of the previous year[5]. - The company's total assets as of September 30, 2022, amounted to 8.632 billion RMB, compared to 8.384 billion RMB at the end of 2021[18]. - The company's total liabilities as of September 30, 2022, were approximately 2.090 billion RMB, down from 3.413 billion RMB at the end of 2021[18]. - Total liabilities as of the end of the third quarter of 2022 were approximately ¥3.47 billion, a slight decrease from ¥3.50 billion at the end of the previous quarter[21]. - Total equity attributable to shareholders of the parent company was approximately ¥5.16 billion, an increase from ¥4.88 billion in the previous year[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥802,936,220.82[5]. - The net cash flow from operating activities for the first three quarters of 2022 was -802,936,220.82 RMB, compared to -170,704,949.76 RMB in the same period of 2021[24]. - Total cash inflow from operating activities was 5,313,562,989.16 RMB, an increase from 5,192,459,467.82 RMB year-over-year[24]. - Cash outflow from operating activities totaled 6,116,499,209.98 RMB, up from 5,363,164,417.58 RMB in the previous year[24]. - The net cash flow from investment activities was -225,320,983.73 RMB, compared to -299,795,653.32 RMB in the same period of 2021[25]. - Cash inflow from financing activities amounted to 1,579,800,000.00 RMB, compared to 585,900,000.00 RMB in the previous year[25]. - The net cash flow from financing activities was 395,589,170.48 RMB, a decrease from 427,841,296.08 RMB year-over-year[25]. - The ending balance of cash and cash equivalents was 862,283,463.38 RMB, down from 918,231,341.47 RMB in the previous year[25]. - The company received 470,000,000.00 RMB related to investment activities, indicating a significant cash inflow[25]. - The cash paid for purchasing fixed assets and other long-term assets was 231,177,188.09 RMB, compared to 496,315,335.74 RMB in the previous year[25]. - The company reported a significant increase in cash received from other operating activities, totaling 455,717,124.78 RMB, compared to 212,646,377.61 RMB in the previous year[24]. Operational Challenges - The company experienced delays in the delivery of some submarine cable projects due to the end of the domestic offshore wind power installation rush and the impact of the pandemic[8]. - The land cable system revenue for the first nine months was 3.089 billion RMB, an increase of 15.96% year-on-year, while the submarine cable system revenue was 1.926 billion RMB, down 23.62%[13]. - Research and development expenses for the first three quarters of 2022 were approximately ¥189.02 million, slightly down from ¥190.99 million in the same period of 2021[21]. - Deferred income as of the end of the third quarter of 2022 was approximately ¥58.78 million, a decrease from ¥63.98 million at the end of the previous quarter[21]. - The company reported a significant decrease in accounts payable, which was approximately 773 million RMB compared to 733 million RMB in the previous year[18]. - Total operating costs for the first three quarters of 2022 were approximately ¥4.74 billion, an increase of 3.1% compared to ¥4.59 billion in the same period of 2021[21].

Financial Performance - The company achieved operating revenue of RMB 3.86 billion in the first half of 2022, representing a year-on-year increase of 13.96%[16]. - Net profit attributable to shareholders was RMB 522.17 million, a decrease of 18.02% compared to the same period last year[16]. - The net profit after deducting non-recurring gains and losses was RMB 529.05 million, down 16.31% year-on-year[16]. - The company reported basic earnings per share of RMB 0.76, a decrease of 21.65% compared to the previous year[17]. - The company reported a total comprehensive income of CNY 418,838,605.57 for the first half of 2022, a decrease from CNY 661,427,725.24 in the previous year[109]. - The company reported a net loss of 150,444,892.67 RMB for the period, highlighting challenges in profitability[128]. - The total operating income for the first half of 2022 was CNY 628,640,901.90, down from CNY 713,919,702.06 in the previous year, reflecting a decline of approximately 11.93%[113]. Cash Flow and Liquidity - The cash flow from operating activities was negative RMB 500.85 million, primarily due to changes in operating receivables[18]. - The company achieved a net cash flow from operating activities of -500.85 million RMB, worsening from -177.26 million RMB in the previous year[48]. - The cash inflow from operating activities totaled CNY 3,511,873,809.32, compared to CNY 3,214,030,091.84 in the first half of 2021, representing an increase of approximately 9.26%[115]. - The company's cash and cash equivalents amounted to ¥1,752,382,534.56, an increase from ¥1,675,729,479.17 at the beginning of the period[99]. - The total cash and cash equivalents at the end of the period reached CNY 1.38 billion, up from CNY 865.89 million at the end of the first half of 2021, marking an increase of approximately 59.2%[119]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 8.89 billion, an increase of 6.03% from the end of the previous year[16]. - The total liabilities rose to CNY 3,825,255,990.34 from CNY 3,498,209,881.69, an increase of approximately 9.34%[102]. - Long-term borrowings amounted to CNY 860,703,055.55, indicating a significant increase as it was not reported in the previous period[105]. - The company's total equity attributable to shareholders increased to CNY 5,059,707,027.21 from CNY 4,881,595,008.11, representing a growth of approximately 3.64%[102]. Market Position and Industry Trends - The company is a core supplier of land and submarine cable systems in China, ranking among the top 10 most competitive companies in the global submarine cable industry in 2021[21]. - The cable industry in China has over 10,000 production enterprises, with more than 4,000 being large-scale companies, but no single company holds a dominant market position[23]. - The company is positioned to capitalize on the increasing demand for renewable energy cables, as the market for wind and solar energy is projected to grow significantly over the next decade[23]. - The demand for special cables, which can withstand high temperatures and corrosive environments, is expected to grow due to advancements in technology and the push for modernization in various sectors[25]. - The industry is experiencing a trend of consolidation, with the market share of the top ten companies in China being less than 10%, compared to over 70% in developed countries[25]. Research and Development - The company has applied for 24 patents and was granted 11 patents during the reporting period, indicating significant progress in intellectual property[44]. - The company has participated in 21 national major scientific research projects, establishing a collaborative innovation mechanism with renowned research institutions and universities[32]. - Research and development expenses increased due to ongoing investments in major domestic and international technology projects, including high-voltage dynamic cables and ultra-high voltage direct current submarine cable soft joints[49]. Government Policies and Subsidies - The total amount of government subsidies recognized in the current period was RMB 10,263,867.01, closely related to the company's normal business operations[19]. - The company has implemented provincial subsidy policies in regions like Guangdong and Shandong to stimulate offshore wind power installation demand[26]. - Government subsidies related to income are recognized as deferred income to compensate for future costs or losses, and are included in current profits or losses when the costs are recognized[199]. Environmental and Safety Practices - The company achieved a 100% compliance rate for wastewater discharge standards, with all wastewater monitored meeting the required standards[75]. - The company maintained a zero record for major safety incidents, occupational diseases, and environmental pollution events during the reporting period[75]. - The company has established a dedicated safety and environmental protection department to enhance its sustainable development performance[75]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly in copper, lead, and aluminum, which could lead to substantial losses despite hedging strategies[59]. - Policy risks related to national industrial policies could significantly impact the demand for wire and cable products, influenced by changes in infrastructure planning and real estate policies[60]. - The company anticipates macroeconomic downturn risks that may affect market demand[61]. Corporate Governance and Compliance - There are no significant litigation or arbitration matters reported during the reporting period[88]. - The company and its controlling shareholders have adhered to laws and regulations, maintaining integrity without any significant debts due[88]. - The total number of shares and capital structure of the company has not changed during the reporting period[90].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,816,070,541.74, representing a year-on-year increase of 25.60%[4] - The net profit attributable to shareholders was ¥278,336,008.50, with a slight increase of 0.16% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥277,423,497.86, reflecting a year-on-year increase of 0.76%[4] - The company achieved a main business revenue of RMB 1.811 billion in Q1 2022, representing a year-on-year growth of 25.30%[13] - The net profit attributable to shareholders for the same period was RMB 278 million, with a slight year-on-year increase of 0.16% and a quarter-on-quarter increase of 22.47%[13] - Total operating revenue for Q1 2022 was RMB 1,816,070,541.74, an increase of 25.5% from RMB 1,445,926,477.03 in Q1 2021[19] - Net profit for Q1 2022 was RMB 278,348,645.49, a slight increase from RMB 277,892,148.04 in Q1 2021[20] - Basic earnings per share for Q1 2022 was RMB 0.40, compared to RMB 0.42 in Q1 2021[21] - Total comprehensive income for Q1 2022 was RMB 316,825,868.19, slightly down from RMB 318,543,365.99 in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥844,093,061.52, indicating a significant cash outflow[5] - The company's cash flow from operating activities showed a significant negative figure due to delayed customer payments caused by domestic pandemic impacts, leading to an increase in accounts receivable[13] - Cash inflow from operating activities in Q1 2022 was RMB 1,097,982,365.77, down from RMB 1,435,055,083.05 in Q1 2021[22] - The net cash flow from operating activities was -$844,093,061.52, a significant decrease compared to $16,501,529.57 in the previous year[24] - Total cash outflow from operating activities amounted to $1,942,075,427.29, up from $1,418,553,553.48 year-over-year[24] - The company reported a significant increase in cash paid for operating activities, totaling $231,416,882.32, compared to $127,354,830.04 in the previous year[24] - The ending cash and cash equivalents balance was $808,912,959.82, down from $869,627,350.19 in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,725,744,411.87, an increase of 4.08% from the end of the previous year[5] - Current liabilities totaled RMB 3.218 billion, a decrease from RMB 3.413 billion in the previous year[18] - The company’s inventory stood at RMB 1.480 billion, slightly down from RMB 1.518 billion year-on-year[14] - The total equity attributable to shareholders increased to RMB 5.198 billion from RMB 4.882 billion in the previous year[18] Expenses and Investments - The company reported a 53.07% increase in selling expenses, driven by market expansion efforts[7] - Total operating costs for Q1 2022 were RMB 1,440,534,539.72, up 29.2% from RMB 1,114,593,990.51 in Q1 2021[19] - Research and development expenses for Q1 2022 were RMB 54,497,254.55, an increase from RMB 48,410,418.47 in Q1 2021[19] - Financial expenses for Q1 2022 were RMB 1,233,163.59, significantly higher than RMB 537,922.21 in Q1 2021[19] - Investment loss for Q1 2022 was RMB -917,234.51, worsening from RMB -450,491.04 in Q1 2021[19] Shareholder Information - The company’s major shareholder, Ningbo Dongfang Group Co., Ltd., holds 31.63% of the shares, with 11,000,000 shares pledged[10] Order Backlog - As of the end of the reporting period, the company had a backlog of orders totaling RMB 9.187 billion, with RMB 5.464 billion from submarine cable systems, RMB 2.884 billion from land cable systems, and RMB 839 million from marine engineering[13]

Financial Performance - The company achieved a net profit of ¥1,178,604,332.48 for the year 2021, with distributable profits available for shareholders amounting to ¥1,060,743,899.23[6] - A cash dividend of ¥3.50 per 10 shares (including tax) is proposed, totaling ¥240,700,378.80 to be distributed to shareholders[6] - As of December 31, 2021, the company's retained earnings stood at ¥2,218,769,216.80[6] - The total capital reserve balance as of December 31, 2021, was ¥1,306,803,336.89[6] - The company plans to maintain stable cash dividends to support long-term development and shareholder returns[6] - The company achieved operating revenue of 7.93 billion RMB in 2021, a year-on-year increase of 57.00%[21] - Net profit attributable to shareholders reached 1.19 billion RMB, up 33.98% compared to the previous year[22] - The net profit after deducting non-recurring gains and losses was 1.15 billion RMB, reflecting a growth of 39.44% year-on-year[22] - The net cash flow from operating activities was 586.15 million RMB, a decrease of 15.54% from the previous year[22] - The company's total assets at the end of 2021 were 8.38 billion RMB, an increase of 37.62% from 2020[20] - The net assets attributable to shareholders increased to 4.88 billion RMB, a growth of 56.13% year-on-year[20] - The basic earnings per share for 2021 was 1.81 RMB, representing a 33.09% increase from 2020[21] Revenue Breakdown - The marine cable system and marine engineering revenue reached 4.08 billion RMB, a significant increase of 69.54% year-on-year[28] - The land cable system revenue was 3.84 billion RMB, reflecting a growth of 46.02% compared to the previous year[28] - The company achieved a revenue of 7.932 billion yuan, representing a year-on-year growth of 57.00%[53] - The marine cable system revenue increased by 50.21%, while the land cable system revenue grew by 46.02%[58] Market Position and Recognition - The company was recognized as one of the "Top 10 Most Competitive Enterprises in Global Submarine Cables" and "Top 10 Most Competitive Enterprises in China's Cable Industry" in 2021[28] - The company ranked among the top 10 most competitive companies in the global submarine cable (energy sector) in 2021[33] - The global wire and cable market reached $335 billion in 2021, projected to grow to $426.8 billion by 2026, with a CAGR of 5%[34] - In China, the wire and cable industry sales revenue was 1.57 trillion yuan in 2021, with a year-on-year growth of 12.14%, and is expected to reach 1.65 trillion yuan in 2022, with a CAGR of 4.89% from 2020 to 2024[36] Innovation and Development - The company has successfully developed and industrialized the first domestic nylon 12 composite sheath cable and the first 10kV polypropylene insulated cable for high humidity and high salt mist environments[31] - The company has participated in 21 national major scientific research projects, enhancing its innovation capabilities[45] - The company has developed the world's first 500kV submarine cable and the first ±535kV DC submarine cable, marking significant technological advancements[46] - The company is committed to digital transformation, integrating information technology with advanced manufacturing to achieve high-quality development[51] Operational Efficiency and Management - The company has established a digital platform that enables real-time tracking of production processes, including remote online factory inspections and production plan tracking[32] - The company has implemented a strategic human resource allocation model, successfully attracting several high-end talents from both domestic and international markets[30] - The company has achieved a compliance supervision coverage rate of 100% in key operational management areas, with no significant internal control defects reported for the year[30] - The company has launched a series of new technology projects, successfully completing the acceptance of the first batch of 6 projects[30] Risk Management - The company has described potential risks in its management discussion and analysis section, emphasizing the importance of investor awareness[9] - The company faces risks from raw material price fluctuations, particularly in copper, lead, and aluminum, which could significantly impact profitability[123] - The company is also exposed to policy risks related to national industrial policies that could affect demand for cables[124] - The company recognizes the potential impact of macroeconomic downturns on market demand[125] Corporate Governance - The company is committed to ensuring the authenticity, accuracy, and completeness of its financial reports[4] - The audit report for the year was issued by Tianjian Accounting Firm, confirming a standard unqualified opinion[5] - The company held 2 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and providing legal opinions to protect minority shareholders' rights[131] - The board of directors consists of 8 members, including 3 independent directors, complying with legal requirements[133] Sustainability and Social Responsibility - The company achieved a 100% compliance rate for wastewater discharge standards, with all wastewater monitoring results meeting the "Comprehensive Wastewater Discharge Standards"[182] - The company reported zero major safety incidents, zero occupational diseases, and zero environmental pollution events during the reporting period[181] - The company actively promotes energy-efficient products and practices, including reducing travel through video conferencing and using LED lighting[184] - A donation of 2 million yuan was made to support rural revitalization projects in the Beilun District, with specific allocations for various community initiatives[193]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥3,386,730,797.52, representing a 59.57% increase compared to ¥2,122,380,392.64 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥636,952,790.17, up 74.43% from ¥365,154,079.09 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥632,178,868.11, a 94.52% increase from ¥324,998,618.22 year-on-year[15]. - The basic earnings per share for the first half of 2021 was ¥0.97, reflecting a 73.21% increase compared to ¥0.56 in the same period last year[16]. - The company's total assets at the end of the reporting period were ¥7,056,124,728.53, a 15.83% increase from ¥6,092,020,579.36 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company increased by 16.35% to ¥3,637,620,595.67 from ¥3,126,578,225.91 at the end of the previous year[15]. - The weighted average return on equity rose to 18.49%, an increase of 2.56 percentage points compared to the previous year, while the return on equity after deducting non-recurring gains and losses increased by 4.18 percentage points to 18.35%[17]. - The total comprehensive income for the first half of 2021 was ¥644,006,587.66, compared to ¥404,954,948.34 in the same period last year, marking an increase of 59.0%[140]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥177,260,497.95, compared to a positive cash flow of ¥484,692,898.18 in the previous year, indicating a significant change in cash flow dynamics[15]. - The net cash flow from operating activities was -177,260,497.95 RMB, a decrease compared to 484,692,898.18 RMB in the previous period[143]. - The company reported a net cash flow from financing activities of ¥195,162,218.85, attributed to the addition of long-term borrowings of ¥350 million during the period[73]. - Cash inflow from investment activities was 321,791,879.69 RMB, significantly higher than 9,967,293.00 RMB in the previous period[143]. - Cash outflow for investment activities rose to 669,046,630.64 RMB from 214,482,271.96 RMB year-on-year[143]. Market and Industry Trends - The global wire and cable market is projected to grow from $184.92 billion in 2019 to $269.46 billion by 2027, with a compound annual growth rate of 5%[23]. - The Chinese wire and cable industry is expected to achieve sales revenue of 1.6 trillion yuan in 2021, with a compound annual growth rate of 5.09% from 2019 to 2024[23]. - The global offshore wind power market installed capacity exceeded 35 GW in 2020, growing by 106% over the past five years[32]. - China accounted for 50.45% of the global new installed capacity in offshore wind power in 2020, with an addition of 3 GW[31]. - The global market size for submarine cable systems reached $8.12 billion in 2018 and is projected to reach $16.56 billion by 2023, with a compound annual growth rate of 15.32%[32]. Research and Development - Research and development expenses rose by 53.06% to ¥115,766,115.61, reflecting increased investment in high-end products such as dynamic submarine cables and ultra-high voltage optical-electrical composite submarine cables[73]. - The company has undertaken 18 national major scientific research projects, establishing a collaborative innovation model with domestic and international research institutions and universities[49]. - The company has initiated 13 new technology projects and applied for 9 patents, with 3 patents granted during the first batch of "Four New" projects[61]. - The company has invested heavily in R&D, with R&D expenses accounting for 8% of total revenue, focusing on new product development and technological advancements[197]. Risk Management - There were no significant risks that materially affected the company's production and operations during the reporting period[5]. - The company has outlined various risks and countermeasures in its report, ensuring transparency in its operational challenges[5]. - The company faces risks from raw material price fluctuations, particularly in copper and lead, which could significantly impact profitability[84]. - The company is exposed to policy risks related to national industrial policies affecting the cable industry, which could alter market demand[85]. - The company anticipates potential market risks due to high competition in the cable industry, with over 4,000 sizable enterprises in China[87]. Environmental and Compliance - The company emphasizes environmental protection, utilizing a closed-loop water system with no external discharge and ensuring wastewater meets discharge standards[97]. - The company has implemented a comprehensive safety and environmental management system, ensuring compliance with safety standards and regular monitoring[99]. - The company actively recycles metal waste and disposes of hazardous materials according to national regulations[99]. - The company has established a comprehensive emergency response plan for environmental incidents, emphasizing rapid response and resource sharing[100]. Corporate Governance - The actual controller and shareholders have committed to not engaging in any competitive activities with the company's main business[103]. - The company has limited related party transactions with Ningbo Avatar Supply Chain Co., Ltd. to no more than 3% of total sales, capped at 30 million yuan annually[105]. - The company and its controlling shareholders have adhered to laws and regulations, maintaining integrity in operations[108]. - The total number of ordinary shareholders reached 52,702 by the end of the reporting period[115].