杭州电缆股份有限公司独立董事 关于2023年半年度计提资产减值准备的独立意见 根据中国证监会《上市公司独立董事规则》《上市公司治理准则》《上海证 券交易所股票上市规则》和《杭州电缆股份有限公司章程》的有关规定，作为杭 州电缆股份有限公司（以下简称"公司"）的独立董事，我们对第五届董事会第 二次会议审议的《关于 2023 年半年度计提资产减值准备的议案》相关事项进行 了认真细致的核查，现就有关情况进行说明并发表独立意见如下： 本次计提资产减值准备事项符合《企业会计准则》和公司会计政策等相关规 定，依据充分、合理。本次计提资产减值准备的审议和表决程序符合相关法律、 法规和《公司章程》的规定。计提依据充分，能客观、公允地反映公司 2023 年 半年度的财务状况，有助于为投资者提供更加真实可靠的会计信息，不存在损害 公司及全体股东，特别是中小股东利益的情形。因此，我们同意本次计提资产减 值准备。 [以下无正文，仅为杭州电缆股份有限公司独立董事关于2023年半年度计提资产 减值准备的独立意见签署页] [本页无正文，仅为杭州电缆股份有限公司独立董事关于2023年半年度计提资产 减值准备的独立意见签署页] 杭州电缆股份有限 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,481,305,038.39, representing a decrease of 14.67% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 22,354,366.97, down 12.67% year-on-year[4]. - The basic earnings per share decreased by 25.00% to CNY 0.03[4]. - The total operating revenue for Q1 2023 was ¥1,481,305,038.39, a decrease of 14.66% compared to ¥1,735,973,580.63 in Q1 2022[16]. - The net profit attributable to shareholders of the parent company for Q1 2023 was CNY 22,354,366.97, down from CNY 25,597,581.55 in Q1 2022, reflecting a decline of about 12.5%[18]. - The operating profit for Q1 2023 was CNY 26,050,550.64, compared to CNY 28,561,433.45 in Q1 2022, indicating a decrease of approximately 8.8%[17]. - The comprehensive income total for Q1 2023 was CNY 10,457,959.45, down from CNY 59,685,291.32 in Q1 2022, indicating a decline of approximately 82.5%[18]. - The total operating costs for Q1 2023 were CNY 1,434,493,564.98, a decrease from CNY 1,696,975,924.30 in Q1 2022, representing a reduction of approximately 15.5%[17]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,181,788,070.88, a decrease of 2.06% from the end of the previous year[5]. - Current assets as of March 31, 2023, totaled ¥6,788,389,914.42, down from ¥7,017,730,238.43 at the end of 2022, reflecting a decrease of 3.26%[11]. - Total assets decreased to ¥9,181,788,070.88 from ¥9,374,875,347.13, indicating a decline of 2.05%[13]. - Total liabilities as of March 31, 2023, were ¥6,288,844,236.42, down from ¥6,492,389,472.12, a reduction of 3.14%[13]. - The total liabilities decreased from 6,180,606,893.42 to 5,853,725,042.80, a decrease of approximately 5.28%[25]. - Total current liabilities decreased from 4,800,872,786.57 to 4,466,618,364.53, a reduction of approximately 6.95%[25]. Cash Flow - The net cash flow from operating activities was CNY 147,273,512.86, with no applicable percentage change reported[4]. - Cash flow from operating activities for Q1 2023 was CNY 147,273,512.86, a significant improvement from a negative cash flow of CNY 564,219,798.68 in Q1 2022[20]. - The net cash flow from operating activities was -¥21,579,788.57, an improvement from -¥546,379,452.35 in the same period last year[29]. - The company reported a net cash outflow from financing activities of CNY 157,065,150.02 in Q1 2023, compared to a net inflow of CNY 188,171,220.59 in Q1 2022[21]. - The net cash flow from financing activities was -¥282,393,037.29, compared to a positive net cash flow of ¥157,019,458.97 in Q1 2022, reflecting increased debt repayments[30]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 37,824[7]. - The largest shareholder, Yongtong Holding Group Co., Ltd., held 29.95% of the shares, totaling 207,000,000 shares[8]. - The equity attributable to shareholders increased slightly by 0.32% to CNY 2,804,029,908.08[5]. - The company's equity attributable to shareholders increased to ¥2,804,029,908.08 from ¥2,795,106,838.61, a rise of 0.32%[13]. - The company's equity increased from 2,817,165,584.08 to 2,824,266,186.81, a slight increase of about 0.25%[25]. Research and Development - Research and development expenses for Q1 2023 were CNY 48,808,500.25, compared to CNY 60,051,377.15 in Q1 2022, reflecting a decrease of about 18.7%[17]. - Research and development expenses for Q1 2023 were 40,019,106.84, down 23.52% from 52,364,035.63 in Q1 2022[27]. Inventory and Receivables - Accounts receivable rose to ¥3,001,961,939.70 from ¥2,861,416,994.48, reflecting an increase of 4.91%[11]. - Inventory decreased to ¥1,653,812,138.48 from ¥1,683,839,396.19, a decline of 1.79%[12]. - The company's inventory increased slightly from 1,409,921,357.71 to 1,440,500,013.24, an increase of about 2.16%[23].

Financial Performance - The company's operating revenue for 2022 was CNY 8,140,736,551.97, representing a 9.38% increase compared to CNY 7,442,564,210.52 in 2021[24]. - The net profit attributable to shareholders of the listed company reached CNY 142,846,881.37, a significant increase of 43.54% from CNY 99,514,096.65 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 149,637,603.53, up 35.46% from CNY 110,465,011.26 in 2021[24]. - The total assets of the company at the end of 2022 were CNY 9,374,875,347.13, reflecting a 7.08% increase from CNY 8,755,014,717.38 at the end of 2021[24]. - The net assets attributable to shareholders of the listed company increased by 3.61% to CNY 2,795,106,838.61 from CNY 2,697,601,248.68 in 2021[24]. - The company achieved operating revenue of CNY 8,140,736,551.97 in 2022, an increase of 9.38% compared to the previous year[25]. - Net profit for 2022 was CNY 152,424,147.34, with net profit attributable to shareholders of CNY 142,846,881.37, representing a 43.54% increase year-over-year[25]. - Basic earnings per share (EPS) for 2022 was CNY 0.21, a 50.00% increase from CNY 0.14 in 2021[25]. - The weighted average return on equity (ROE) rose to 5.20%, an increase of 1.55 percentage points from 3.65% in 2021[25]. - The gross profit margin for the domestic market was 14.50%, an increase of 0.21 percentage points compared to the previous year[82]. Cash Flow and Dividends - The company reported a negative cash flow from operating activities of CNY -53,464,337.81, an improvement from CNY -777,243,826.84 in the previous year[24]. - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares, amounting to a total cash dividend of approximately CNY 34,552,800.95, which represents 24.19% of the net profit for the year[7]. - The net cash flow from operating activities improved significantly, with a net cash flow of -¥53,464,337.81 compared to -¥777,243,826.84 in the previous year[77]. - The financing activities generated a net cash flow of ¥203,780,729.85, a decrease of 75.86% compared to the previous year due to reduced bank financing[79]. Market Position and Industry Trends - The wire and cable industry is experiencing increased demand due to the push for green energy and low-carbon development, with the industry being a crucial part of the national economy[37]. - The wire and cable manufacturing sector is the largest in the electrical industry, accounting for approximately 25% of the total output value, making it the second-largest industry after automotive[38]. - The company is positioned among the top players in the industry, benefiting from strong scale, technology, quality, and brand advantages amid increasing market concentration[38]. - The company anticipates a significant increase in demand for power cable products due to the ongoing construction of large-scale wind and solar power bases, as well as the establishment of a strong smart grid to support the integration of renewable energy sources[42]. - The company is strategically positioned to capitalize on the growing market for electric vehicle charging infrastructure and related technologies[40]. Research and Development - Research and development expenses rose by 2.56% to ¥255,899,136.26, reflecting the company's commitment to increasing R&D investment[78]. - The company filed 16 new patents in the power cable sector during the reporting period, including 5 invention patents and 11 utility model patents[59]. - The company has established several high-tech research and development centers to support its optical communication business, focusing on sustainable development through technological innovation[64]. - The company completed 10 new patent applications in the optical communication sector during the reporting period, including 7 invention patents and 3 utility model patents[68]. Corporate Governance and Management - The board of directors has confirmed the authenticity and completeness of the annual report, ensuring no significant omissions or misleading statements[5]. - The company emphasizes investor relations management, providing equal treatment to all investors and maintaining open communication channels[117]. - The company has established a robust governance structure, ensuring independence from its controlling shareholders and compliance with relevant laws and regulations[116]. - The company has a comprehensive salary distribution system and economic responsibility assessment methods in place[128]. - The company has established a performance assessment system to determine the remuneration of its executives[128]. Environmental and Social Responsibility - The company received the "Hangzhou Green Low-Carbon Factory" title in 2022, supporting its transition from traditional manufacturing to green manufacturing[155]. - The company implemented measures to reduce carbon emissions, including the construction of a photovoltaic power generation system and the introduction of advanced equipment to lower unit product electricity consumption[156]. - The company achieved a total investment of 152.44 million yuan in social responsibility and poverty alleviation projects during the reporting period[158]. - The company actively engaged in social welfare activities, focusing on wealth creation, shareholder returns, and employee development[157]. Risks and Challenges - The company faces risks related to changes in investment policies in the power industry, which could impact market demand for its products[110]. - The company operates in a highly competitive low and medium voltage cable market, with numerous players leading to intense competition and potential market share challenges[110]. - The performance of the optical communication segment is highly dependent on investment levels in the telecommunications sector; any shortfall in expected investments could adversely affect revenue and profits in this area[112].

| 证券代码：603618 | 证券简称：杭电股份 | 编号：2023-023 | | --- | --- | --- | | 转债代码：113505 | 转债简称：杭电转债 | | 杭州电缆股份有限公司 关于召开2022年年度网上业绩说明会的公告 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法律责任。 重要内容提示： 公司已于 2023 年 4 月 26 日在上海证券交易所网站（www.sse.com.cn） 披露了《2022 年年度报告》、《2022 年年度报告摘要》。为加强与投资者 的深入沟通交流，使投资者更加全面、深入地了解公司情况，公司拟于 2023 年 5 月 11 日（星期四）下午 14:00-15:00 召开 2022 年度业绩暨现金分红说 明会，在信息披露允许的范围内就投资者普遍关注的相关问题进行回答。 一、说明会召开类型 本次投资者说明会以网络文字互动形式召开，公司将针对 2022 年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 会议时间：2023 年 5 月 11 日（星期四） ...

2022 年第三季度报告 证券代码：603618 证券简称：杭电股份 转债代码：113505 转债简称：杭电转债 杭州电缆股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 减变动幅度 | 年初至报告期末 | 末比上年同期 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 2,231,688,809.16 | -2.92 | 6,26 ...

Financial Performance - The company achieved operating revenue of CNY 4,036,537,058.64 for the first half of 2022, representing a 31.40% increase compared to the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 85,720,229.84, an increase of 30.17% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 77,753,064.42, which is a 59.28% increase compared to the previous year[21]. - The basic earnings per share for the first half of 2022 was CNY 0.12, up 20.00% from CNY 0.10 in the same period last year[22]. - The weighted average return on net assets increased to 3.13%, up 0.71 percentage points from the previous year[22]. - The company reported a total profit for the first half of 2022 of CNY 94,080,767.40, up from CNY 80,040,798.04, marking a growth of 17.5%[145]. - The total comprehensive income for the first half of 2022 was CNY 83,253,518.18, down from CNY 193,274,800.50 in the previous year, indicating a decline of 56.9%[143]. - The company reported a significant increase in contract liabilities to CNY 250,068,524.13 from CNY 232,964,421.25, reflecting a growth of 7.4%[139]. Cash Flow and Assets - The company reported a net cash flow from operating activities of -CNY 583,566,053.76 for the first half of 2022[21]. - The company's cash flow from operating activities showed a net outflow of CNY -650,357,461.48, compared to CNY -410,670,862.88 in the first half of 2021, indicating a decline in operational cash flow[153]. - The total assets at the end of the reporting period were CNY 9,319,782,211.93, a 6.45% increase from the end of the previous year[22]. - The company's total assets as of June 30, 2022, were CNY 8,866,057,763.48, compared to CNY 8,436,243,045.71 at the beginning of the year, indicating a growth of 5.1%[139]. - The company's cash and cash equivalents decreased to CNY 714,981,628.16 from CNY 857,021,492.79, a decline of 16.6%[137]. - The company's inventory stood at approximately CNY 1.97 billion, compared to CNY 1.90 billion at the beginning of the period[133]. Investment and Projects - The company is investing in a new project to produce 50,000 tons of ultra-thin copper foil for new energy vehicle lithium batteries, with the investment approved on May 7, 2022[28]. - The company has established a project promotion team for the construction of the QianDaoHu FengJiaShan cable project, which commenced operations in July 2022[60]. - The company is focusing on the development of low-smoke halogen-free cable materials, with ongoing research and production efforts[75]. Market and Industry Trends - The electric wire and cable industry is experiencing increased demand due to national policies promoting clean energy and infrastructure development, with a projected increase in non-fossil energy consumption to 20% by 2030[34]. - The company is a major supplier for State Grid and Southern Power Grid, focusing on high-voltage and ultra-high-voltage cable products[29]. - The urban rail transit sector is expected to see significant growth, with a planned investment of approximately 1.36 trillion yuan in the Yangtze River Delta region's multi-layered rail transit system by 2025[39]. - The company anticipates a growing demand for power cables due to the increasing installation of renewable energy sources and the development of energy storage systems[37]. Research and Development - Research and development expenses rose by 39.14% to CNY 135,339,137.63, reflecting the company's commitment to increasing R&D investment[65]. - The company successfully launched the 10kV smart cable with built-in temperature sensing fiber, completing trial production and passing third-party testing[61]. - The company developed six new products, including B1 grade flame-retardant power cables and D0 grade low-smoke halogen-free cables, with B1 grade cables recognized as a "Zhejiang Province Excellent Industrial Product" in 2021[49]. Corporate Governance and Compliance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[7]. - The company has not faced any penalties or corrective actions related to violations of laws or regulations during the reporting period[103]. - The company has established a commitment to compensate for any direct or indirect losses resulting from unfulfilled commitments, reinforcing accountability[101]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 40,495[113]. - The largest shareholder, Yongtong Holding Group Co., Ltd., holds 207,000,000 shares, accounting for 29.95% of the total shares[115]. - The company has not disclosed any significant related party transactions during the reporting period[106]. Environmental and Social Responsibility - The company is committed to environmental protection and has implemented measures to reduce carbon emissions, including lifecycle carbon footprint assessments of its main products[92]. - The company donated 500,000 yuan to a charity fund in Hangzhou to support poverty alleviation efforts[93].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,735,973,580.63, representing a year-on-year increase of 32.41%[4] - The net profit attributable to shareholders for the same period was CNY 25,597,581.55, reflecting a growth of 25.15% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 24,390,795.16, which is an increase of 31.91% year-on-year[4] - Basic earnings per share for Q1 2022 were CNY 0.04, up by 33.33% from the same period last year[4] - Total operating revenue for Q1 2022 reached ¥1,735,973,580.63, a 32.3% increase from ¥1,311,095,153.83 in Q1 2021[20] - Net profit for Q1 2022 was ¥27,309,620.07, compared to ¥22,451,077.52 in Q1 2021, reflecting a 21.5% increase[21] - The company reported a total comprehensive income of ¥59,685,291.32 for Q1 2022, down from ¥139,087,142.52 in Q1 2021[21] - The company’s total liabilities and equity as of March 31, 2022, were ¥9,042,443,657.50, compared to ¥8,755,014,717.38 at the end of 2021[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 9,042,443,657.50, a 3.28% increase from the end of the previous year[5] - The equity attributable to shareholders increased to CNY 2,757,286,359.07, marking a 2.21% rise compared to the previous year-end[5] - Total liabilities as of March 31, 2022, amounted to ¥6,209,143,489.48, an increase from ¥5,983,111,698.27 at the end of 2021[19] - Total equity as of March 31, 2022, was ¥2,833,300,168.02, compared to ¥2,771,903,019.11 at the end of 2021[19] - Total assets as of March 31, 2022, were CNY 8,652,695,487.67, an increase from CNY 8,436,243,045.71 as of December 31, 2021[29] - Total liabilities as of March 31, 2022, were CNY 5,862,043,266.80, compared to CNY 5,710,170,516.27 at the end of 2021[28] Cash Flow - The net cash flow from operating activities was negative at CNY -564,219,798.68, primarily due to rising raw material prices[4][9] - Cash inflow from operating activities for Q1 2022 was CNY 1,794,161,244.30, an increase of 9.3% compared to CNY 1,641,702,506.20 in Q1 2021[23] - Net cash outflow from operating activities for Q1 2022 was CNY -564,219,798.68, worsening from CNY -100,324,325.11 in Q1 2021[23] - Cash inflow from investment activities was CNY 168,798,509.59 in Q1 2021, while Q1 2022 saw a net cash outflow of CNY -37,634,769.03[24] - Cash inflow from financing activities in Q1 2022 was CNY 1,395,050,000.00, up from CNY 858,000,000.00 in Q1 2021[24] - Net cash flow from financing activities improved to CNY 188,171,220.59 in Q1 2022 from CNY -39,765,796.07 in Q1 2021[24] Shareholder Information - The top two shareholders hold a combined 52.09% of the company's shares, with 永通控股集团有限公司 owning 29.95% and 浙江富春江通信集团有限公司 holding 22.14%[11] - As of March 31, 2022, a total of RMB 30,216,000 worth of convertible bonds had been converted into shares, accounting for 0.6072% of the total shares before conversion[14] - The company reported a total of 4,170,616 shares converted from the convertible bonds during the same period[14] Expenses - Research and development expenses for Q1 2022 were ¥60,051,377.15, up from ¥39,876,425.01 in Q1 2021, indicating a 50.7% increase[20] - The company incurred financial expenses of approximately ¥40.58 million in Q1 2022, an increase of 39.6% from ¥29.03 million in Q1 2021[30] - The company's financial expenses for Q1 2022 were ¥53,565,447.74, an increase from ¥43,574,388.73 in Q1 2021[20] - The company’s sales expenses rose to ¥64.19 million in Q1 2022, an increase of 34.9% from ¥47.60 million in Q1 2021[30] Inventory and Receivables - Accounts receivable increased to RMB 2,759,186,360.51, up from RMB 2,253,228,502.48, representing a growth of approximately 22.4%[16] - The company reported a significant increase in accounts receivable, reaching CNY 2,553,409,281.74 as of March 31, 2022, compared to CNY 2,064,227,829.08 at the end of 2021[27] - The company’s inventory increased to CNY 1,881,145,224.36 as of March 31, 2022, from CNY 1,706,013,391.17 at the end of 2021[27] - Inventory rose to RMB 2,128,020,944.88, compared to RMB 1,895,629,038.74, marking an increase of about 12.3%[16]

Financial Performance - The company's operating revenue for 2021 was RMB 7,442,564,210.52, representing a 25.20% increase compared to RMB 5,944,776,941.65 in 2020[22] - The net profit attributable to shareholders for 2021 was RMB 99,514,096.65, a 37.58% increase from RMB 72,329,758.58 in the previous year[22] - The total assets of the company increased by 12.25% to RMB 8,755,014,717.38 at the end of 2021, compared to RMB 7,799,521,048.40 at the end of 2020[22] - The company's net assets attributable to shareholders decreased by 4.25% to RMB 2,697,601,248.68 at the end of 2021, down from RMB 2,817,203,144.70 at the end of 2020[22] - The company reported a negative cash flow from operating activities of RMB -777,243,826.84 for 2021, compared to RMB -9,711,977.74 in 2020[22] - The company achieved operating revenue of CNY 7,442,564,210.52 in 2021, representing a year-on-year growth of 25.20%[24] - Net profit for 2021 was CNY 108,706,773.73, with net profit attributable to shareholders of the parent company increasing by 37.58% to CNY 99,514,096.65[24] - Basic earnings per share for 2021 were CNY 0.14, reflecting a 40.00% increase compared to the previous year[24] - The weighted average return on equity increased to 3.65%, up by 1.04 percentage points from the previous year[24] Cash Flow and Investments - The company reported a net cash flow from operating activities of -CNY 777,243,826.84 for 2021[24] - The company achieved a significant increase in financing activities, with net cash flow from financing activities rising by 366.28% to ¥844,295,482.32[75] - The net cash flow from investing activities improved to 101,602,005.68 yuan, an increase of 269,733,281.21 yuan year-on-year[91] - The company has a cash management plan involving a trust investment of 30,000,000 RMB with an expected annual return of 8.00%[188] - The company redeemed 12 million RMB of principal and received a total return of 2,840,153.43 RMB from the trust investment by January 5, 2021[188] Market and Industry Trends - The wire and cable manufacturing industry accounts for one-fourth of the output value in the electrical industry, making it the second-largest industry after the automotive sector in China[36] - The industry is characterized by a large number of manufacturers and low market concentration, with over 10,000 enterprises and more than 4,000 forming a scale[36] - The national policy emphasizes the construction of a clean, low-carbon, safe, and efficient energy system, promoting the development of renewable energy sources such as wind and solar power[37] - The government aims for non-fossil energy consumption to reach 20% of total energy consumption by 2025, which will drive demand for wire and cable products[39] - The expected new installed capacity for renewable energy in 2022 is approximately 180 million kilowatts, indicating a strong market for related cable products[40] Product Development and Innovation - The company completed the acquisition of 100% equity in Zhejiang Fuchunjiang Optoelectronics Technology Co., Ltd. for CNY 131 million[24] - The company has completed the development of several new products, including fire-resistant cables and specialized cables for railways, which have passed certification and are ready for mass production[56] - The company has applied for 15 new patents in 2021 within the optical communication sector, including 4 invention patents and 11 utility model patents[57] - The company has successfully completed the R&D of large-section fire-resistant cables and flexible mineral insulated cables, achieving mass production and reducing costs[56] - The company has expanded its product offerings to include specialized cables for new energy vehicles, enhancing its market reach[56] Strategic Initiatives and Future Plans - The company plans to transfer 100% equity of Yongte Information and 65% equity of Qiandao Lake Yongtong to Fuchunjiang Optoelectronics for a total consideration of approximately 516.31 million yuan, enhancing its optical communication segment[34] - The company aims to maintain a stable production output and sales revenue growth, positioning itself as a Class A supplier for the State Grid and expanding its market share in emerging sectors like renewable energy and aviation[64] - The company plans to accelerate the expansion of low-voltage cable production capacity and develop new products for the State Grid's new energy aluminum alloy cables and Tesla-specific cables[114] - The company will strengthen its talent development strategy, focusing on cultivating young talent and establishing a multi-channel promotion mechanism for its workforce[114] - The company intends to enhance its marketing strategy to expand sales channels and improve operational efficiency, aiming to reduce inventory levels[113] Corporate Governance and Compliance - The company held one shareholders' meeting during the reporting period, ensuring equal treatment of all shareholders and facilitating participation through online voting[121] - The board of directors consists of 9 members, including 3 independent directors, and operates in compliance with legal requirements[123] - The company completed 4 periodic reports and 43 temporary announcements during the reporting period, ensuring timely and accurate information disclosure[126] - The company has established an investor relations management system to facilitate communication with investors and ensure their rights are protected[127] - The internal control system has been continuously improved to ensure compliance and asset security, aligning with the requirements of regulatory bodies[158] Social Responsibility and Environmental Commitment - The company emphasizes environmental protection and adheres to the "Two Mountains" theory, implementing ISO 14001 environmental management systems to reduce total pollutant emissions[164] - The company has committed to reducing carbon emissions by continuously lowering material and energy consumption during production processes[165] - In 2021, the company donated a total of 1.082 million yuan to various charitable initiatives, including disaster relief and poverty alleviation efforts[167] - The company actively participates in social responsibility activities, focusing on employee welfare and community support[166] - The company has implemented strict management and disposal protocols for industrial waste and hazardous materials to prevent environmental pollution[164] Risks and Challenges - The company faces operational pressures due to fluctuating raw material prices and external competition, emphasizing a focus on quality growth[32] - The company faces risks related to the potential loss of core technical personnel, which are crucial for maintaining competitive advantages[117] - The performance of the optical communication sector is dependent on the expected investment in the telecommunications field, which could impact revenue if not met[117] Shareholder and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.2796 million yuan[138] - The remuneration policy is based on job responsibilities, performance, and economic efficiency, aligned with industry standards[138] - The company has a structured decision-making process for remuneration, involving the remuneration and assessment committee and shareholder approval[138] - The company has not reported any changes in the board of directors, supervisors, or senior management during the reporting period[139] - The company has independent directors serving in various capacities across multiple organizations, enhancing governance[136]

Financial Performance - The company's operating revenue for Q3 2021 was approximately ¥2.30 billion, representing a 36.48% increase compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 40.29% to approximately ¥24.81 million in Q3 2021[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 45.36% to approximately ¥19.79 million in Q3 2021[6]. - Basic earnings per share for Q3 2021 were ¥0.04, down 33.33% from the previous year[6]. - The weighted average return on equity decreased by 0.62 percentage points to 0.87% in Q3 2021[6]. - Total operating revenue for the first three quarters of 2021 reached ¥5,370,702,377.45, an increase of 20.3% compared to ¥4,464,547,082.31 in the same period of 2020[25]. - Net profit for the third quarter of 2021 was ¥98,137,987.59, up 19% from ¥82,439,199.61 in the third quarter of 2020[26]. - The company reported a total comprehensive income of ¥138,164,637.59 for the third quarter, compared to ¥73,449,854.61 in the same quarter of 2020, marking an increase of 88%[27]. Assets and Liabilities - Total assets at the end of Q3 2021 were approximately ¥9.13 billion, an increase of 17.00% compared to the end of the previous year[6]. - The total assets increased to ¥9,129,979,263.40, compared to ¥7,803,072,098.02 in the previous year, reflecting a growth of 16.9%[21]. - The total liabilities rose to ¥6,269,500,882.67, an increase of 24.5% from ¥5,038,603,243.77 in the same period last year[21]. - The total liabilities as of Q3 2021 were ¥4,268,807,078.21, indicating a stable financial position compared to the previous year[33]. - Total liabilities amounted to 5,038,603,243.77, with non-current liabilities at 1,306,546,365.64[34]. Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at approximately -¥842.75 million, indicating increased operational expenditures due to rising raw material costs[6][11]. - Operating cash inflow for the first three quarters of 2021 reached ¥6,207,807,071.01, an increase of 23.5% compared to ¥5,027,756,869.69 in the same period of 2020[29]. - Net cash outflow from operating activities was ¥842,750,717.79 for Q3 2021, worsening from a net outflow of ¥297,555,615.50 in Q3 2020[30]. - Cash and cash equivalents at the end of Q3 2021 stood at ¥158,071,947.56, down from ¥383,673,405.15 at the end of Q3 2020[31]. - Cash inflow from financing activities in Q3 2021 was ¥3,301,000,000.00, significantly higher than ¥1,585,720,000.00 in Q3 2020, marking an increase of 108.0%[30]. - The company reported a net cash flow from financing activities of ¥312,592,271.26 in Q3 2021, compared to ¥180,218,715.75 in Q3 2020, reflecting a growth of 73.3%[30]. - The company received cash from investment recovery amounting to ¥218,767,723.63 in Q3 2021, a significant increase from ¥500,000.00 in Q3 2020[30]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,089[13]. - The largest shareholder, Yongtong Holdings Group Co., Ltd., holds 207,000,000 shares, accounting for 29.95% of the total shares[13]. - Zhejiang Fuchunjiang Communication Group Co., Ltd. holds 153,000,000 shares, representing 22.14% of the total shares[13]. - There were no share reductions by major shareholders or executives during the specified period[16]. - The cumulative amount of convertible bonds converted to company stock reached RMB 30,187,000, resulting in 4,166,523 shares issued, which is 0.6066% of the total shares before conversion[18]. Investments and Acquisitions - The company acquired 100% equity of Zhejiang Fuchunjiang Optoelectronic Technology Co., Ltd. for ¥131 million, impacting financial data adjustments[8]. - The company provided a guarantee for a subsidiary's loan of RMB 50 million from Beijing Bank[15]. Research and Development - Research and development expenses for the first three quarters were ¥177,766,169.48, compared to ¥149,418,222.66 in the same period of 2020, indicating a 19% increase[25]. Equity and Reserves - The equity attributable to shareholders increased by 3.31% to approximately ¥2.79 billion at the end of Q3 2021[6]. - Total equity attributable to shareholders reached 2,698,917,956.63, while total equity was 2,764,468,854.25[34]. - The company has an undistributed profit of 587,252,132.22, contributing to its overall financial stability[34]. - The capital reserve totaled 1,122,847,456.16, indicating strong financial backing for future investments[34]. - The company has a surplus reserve of 96,075,468.03, which can be utilized for future growth initiatives[34].

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 3,071,836,885.90, representing a 10.49% increase compared to the same period last year[19]. - Net profit attributable to shareholders of the listed company was CNY 65,852,658.84, an increase of 81.48% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 48,816,574.84, reflecting a significant increase of 108.78% compared to the previous year[19]. - The net profit for the same period was CNY 70,837,098.00, with a year-on-year increase of 81.48%, and the basic earnings per share was CNY 0.10[22]. - The company reported a basic earnings per share (after deducting non-recurring gains and losses) of CNY 0.07, which is an increase of 108.78% year-on-year[22]. - The company reported a net profit margin improvement, with retained earnings increasing to ¥668,347,255.28 from ¥617,849,291.25, a growth of about 8.1%[136]. - The total comprehensive income for the first half of 2021 was ¥193,274,800.50, compared to ¥48,675,053.31 in the same period of 2020, reflecting a growth of 296.5%[139]. - The company reported a profit distribution of -69,103,014.30 RMB, indicating a reduction in retained earnings[157]. Assets and Liabilities - The total assets of the company at the end of the reporting period amounted to CNY 8,913,306,633.13, which is a 14.23% increase from the end of the previous year[20]. - The company's total assets included cash and cash equivalents of ¥1,285,601,432.40, which accounted for 14.42% of total assets, up from 13.57% last year[64]. - Total assets increased to ¥8,913,306,633.13, up from ¥7,803,072,098.02, representing a growth of approximately 14.2% year-over-year[132]. - Total liabilities reached ¥5,996,997,425.44, up from ¥5,038,603,243.77, indicating an increase of around 19.1%[132]. - Current liabilities rose to ¥4,387,528,259.99, compared to ¥3,732,056,878.13, marking an increase of about 17.6%[135]. - Long-term borrowings increased significantly to ¥834,966,050.13 from ¥536,750,200.13, reflecting a growth of approximately 55.5%[135]. - The total owner's equity at the end of the reporting period is CNY 2,579,032,660.98, reflecting a decrease from the previous period[164]. Cash Flow - The cash flow from operating activities showed a negative net amount of CNY -690,762,584.20, which is not applicable for year-on-year comparison[19]. - The net cash flow from operating activities was negative at CNY -690,762,584.20[22]. - Cash inflow from operating activities for the first half of 2021 was CNY 3,929,018,127.29, an increase of 27.2% compared to CNY 3,089,276,874.89 in the first half of 2020[144]. - The company reported a total operating cash outflow of CNY 4,619,780,711.49, up from CNY 3,594,705,733.61 in the first half of 2020[144]. - The ending cash and cash equivalents balance was CNY 575,137,659.21, compared to CNY 521,962,816.08 at the end of the first half of 2020[145]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Fuchunjiang Optoelectronics for CNY 131 million, which was finalized on February 4, 2021[21]. - The company completed the acquisition of 100% equity in Yongte Information and 65% equity in Qiandao Lake Yongtong, with the subsidiaries now classified as secondary subsidiaries[101]. - The company plans to use self-owned funds to increase capital in its wholly-owned subsidiary Fuchunjiang Optoelectronics by ¥250 million[73]. Research and Development - Research and development expenses rose by 8.31% to ¥97,266,464.25, reflecting the company's commitment to increasing R&D investment[59]. - The company is engaged in the research and development of new materials, including cross-linked polyethylene cable materials and graphene technology[69]. - The company has made significant advancements in technology and innovation, participating in the formulation of national standards and filing multiple patents in the first half of 2021[54]. Market Position and Strategy - The company focuses on two main business segments: power cables and optical communication, with a strategy of "one body, two wings" for development[27][28]. - The company is positioned well in the competitive landscape of the cable industry, benefiting from strong scale, technology, quality, and brand advantages[32]. - The company emphasizes a direct sales model, primarily through bidding for large clients like the State Grid and Southern Power Grid[29]. - The company aims to expand its market presence by exploring new sales areas while consolidating its existing mature markets[50]. Risk Management - The company has detailed the macroeconomic and market risks in the report, highlighting potential impacts[7]. - The company faces risks related to the potential loss of core technical personnel, which are crucial for maintaining competitive advantages[77]. - The company has committed to enhancing its understanding of macro industry policies and market competition to mitigate risks[77]. - The company has implemented a new risk management strategy aimed at reducing operational risks by 30% over the next year[153]. Corporate Governance and Compliance - The report has not been audited, and the management has confirmed the accuracy and completeness of the financial report[5]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[94]. - The company has committed to avoiding any competition with its own products from other enterprises controlled by its actual controller[93]. - The company will take legal measures to fulfill all commitments made during its public offering, accepting supervision from regulatory bodies and investors[91]. Social Responsibility - The company has been recognized as a "green enterprise" by the Hangzhou Environmental Protection Bureau for its commitment to environmentally friendly production practices[86]. - The company has actively participated in poverty alleviation efforts, donating 1 million yuan for disaster recovery and 50,000 yuan to local charitable initiatives[88].