证券代码：000586 证券简称：汇源通信 公告编号：2022-040 四川汇源光通信股份有限公司 关于参加四川辖区上市公司2022年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，四川汇源光通信股份有限公司（以下 简称"公司"或"本公司"）将参加由四川证监局指导、四川省上市公司协会 与深圳市全景网络有限公司联合举办的"2022年四川辖区上市公司投资者集体 接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP, 参与本次互动交流，活动时间为2022年9月16日（周五）15:00-17:00。 届时公司高管将在线就公司经营情况、公司治理、发展战略和可持续发展 等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告！ 四川汇源光通信股份有限公司 董 事 会 二〇二二年九月九日 1 / 1 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥179.23 million, a decrease of 15.77% compared to ¥212.78 million in the same period last year[19]. - The net profit attributable to shareholders was approximately ¥9.61 million, down 37.03% from ¥15.26 million year-on-year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥7.69 million, a decline of 46.32% compared to ¥14.33 million in the previous year[19]. - The basic earnings per share decreased to ¥0.050, down 36.71% from ¥0.079 in the same period last year[19]. - The weighted average return on equity was 3.21%, down from 5.52% in the previous year, indicating a decline of 2.31%[19]. - The company's revenue for the current period is $179.23 million, a decrease of 15.77% compared to $212.78 million in the same period last year[41]. - The net profit for the first half of 2022 was ¥10,367,620.35, a decline of 36.5% from ¥16,305,208.50 in the first half of 2021[131]. - The total comprehensive income for the first half of 2022 was ¥10,367,620.35, compared to ¥16,305,208.50 in the first half of 2021[131]. - The total comprehensive income for the period decreased by 4,063.95 million, compared to the previous period[145]. Cash Flow and Assets - The net cash flow from operating activities was approximately ¥2.30 million, a significant improvement from a negative cash flow of ¥13.14 million in the same period last year[19]. - Cash and cash equivalents decreased by 59.63% to a net increase of -$2.78 million compared to -$6.90 million last year[41]. - The company's total assets at the end of the reporting period were approximately ¥536.67 million, an increase of 4.17% from ¥515.20 million at the end of the previous year[19]. - The total assets amounted to CNY 536,669,269.34, an increase from CNY 515,200,766.05 on January 1, 2022, reflecting a growth of approximately 4.5%[123][125]. - The company's cash and cash equivalents decreased to CNY 70,351,564.45 from CNY 73,387,915.92, a decline of approximately 4.1%[123]. - The ending cash and cash equivalents balance for the first half of 2022 was ¥69,970,630.20, down from ¥79,881,715.52 in 2021, representing a decrease of approximately 12.3%[136]. Operational Strategy and Market Outlook - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company is optimistic about the future prospects of the power and optical fiber cable industries, driven by increased infrastructure investment and grid upgrades during the 14th Five-Year Plan[26]. - The company aims to strengthen its position as a leading supplier of online monitoring products for power transmission, expanding its customer network and seeking new profit growth points[39]. - The company plans to focus on customer-customized OPGW and ADSS optical cables while increasing R&D efforts for new products and technologies[59]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[138]. - The company is focusing on technological advancements to improve operational efficiency and product offerings[138]. - The company aims to explore potential mergers and acquisitions to strengthen its market position[138]. Research and Development - The company has developed new products including a "750-degree fire-resistant cable" and "metal wire sensing micro-cable," which support ongoing operations and future development[36]. - Research and development expenses increased to ¥12,214,657.79, up from ¥10,634,522.95 year-over-year[130]. - The company has allocated 500,000,000 yuan for research and development in new technologies[146]. - Research and development expenses increased by 25%, indicating a strong commitment to innovation[140]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 16,844[111]. - The largest shareholder, Guangzhou Huifu Qiji Investment Partnership, holds 20.68% of the shares, totaling 40,000,000 shares, which are currently frozen[111]. - The shareholder structure indicates a significant concentration of ownership, with the top three shareholders holding over 50%[111]. - The company has not conducted any repurchase transactions among the top ten shareholders during the reporting period[112]. Environmental and Social Responsibility - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities, and there were no administrative penalties due to environmental issues during the reporting period[71]. - The company has established an emergency response plan for environmental incidents to minimize risks from potential leaks of hazardous materials[73]. - The company promotes the use of clean and green energy in its operations[77]. - The company has implemented a comprehensive human resources management system and timely pays employee salaries and social insurance[76]. Risks and Challenges - The company faced risks from macroeconomic fluctuations, rising raw material costs, and potential impacts from domestic and international pandemic changes[58][60][61]. - The company will negotiate with raw material suppliers to mitigate the impact of rising costs on product pricing[60]. - The company will implement strict pandemic prevention measures to minimize operational disruptions[61]. Financial Reporting and Compliance - The semi-annual financial report has not been audited[84]. - The company confirms that it has the ability to continue as a going concern for at least 12 months from the end of the reporting period[155]. - The financial report reflects the company's financial position as of June 30, 2022, and the operating results and cash flows for the first half of 2022[157]. - The company has not engaged in any related party transactions concerning daily operations during the reporting period[88].

四川汇源光通信股份有限公司 2022 年第一季度报告全文 证券代码：000586 证券简称：汇源通信 公告编号：2022-018 四川汇源光通信股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.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)声明：保证季度报告中财务信息的 真实、准确、完整。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 75,488,112.64 | 86,996,254.54 | -13.23% | | 归属于上市公司股东的净利润（元） | 3,827,664.28 | 3,644,275.69 | 5.03% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 3,162,680.04 | 3,059,999.36 | ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[15]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase from the previous year[15]. - The company's operating revenue for 2021 was ¥449,639,251.65, a decrease of 7.31% compared to ¥485,105,246.04 in 2020[21]. - Net profit attributable to shareholders for 2021 was ¥26,141,373.52, an increase of 7.28% from ¥24,367,910.32 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥22,768,930.06, up 43.84% from ¥15,829,427.30 in 2020[21]. - The company's total assets at the end of 2021 were ¥515,200,766.05, reflecting a 4.96% increase from ¥490,848,239.24 at the end of 2020[21]. - The weighted average return on equity for 2021 was 9.27%, slightly down from 9.49% in 2020[21]. - The company reported a net cash flow from operating activities of -¥6,370,609.59 for 2021, compared to ¥797,923.94 in 2020[21]. - Total revenue for 2021 was 449,639,251.65, a decrease of 7.31% compared to 485,105,246.04 in 2020[50]. - Revenue from optical fibers, cables, and related products increased by 24.13% to 430,211,055.92, while revenue from communication engineering and system integration dropped by 85.97% to 19,428,195.73[50]. - Domestic revenue accounted for 92.23% of total revenue at 414,714,566.15, down 8.03% from 450,922,902.21 in 2020[51]. - The company reported a significant increase in sales volume for optical fibers and cables, rising by 22.38% to 283,093,705.66[54]. - The company reported a positive net profit for the reporting period, with the parent company's distributable profit being positive but no cash dividend distribution plan proposed[132]. Research and Development - The company plans to invest RMB 200 million in R&D for new optical communication technologies in 2022[15]. - R&D investment amounted to ¥24,785,652.79 in 2021, a decrease of 7.77% from ¥26,872,630.53 in 2020[64]. - R&D investment accounted for 5.51% of operating revenue in 2021, slightly down from 5.54% in 2020[64]. - The number of R&D personnel decreased by 18.94% to 107 in 2021 from 132 in 2020[64]. - The company is in the process of developing multiple new products, including a smart high-voltage transmission line monitoring device and a multi-purpose submarine cable unit[62]. - The company has several R&D projects in the trial production stage, aiming to enhance product functionality and market share[62]. - The company has developed new plastic optical fiber products, expanding its application in the quartz optical fiber field, which is expected to increase sales[63]. - The company has made significant advancements in the development of high flame-retardant plastic optical fiber cables, enhancing product performance and brand image[63]. - The number of R&D personnel with a master's degree decreased by 35.71% to 18 in 2021[64]. - The company has not capitalized any R&D investments in 2021, compared to ¥454,625.17 in 2020, marking a 100% decrease[64]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2023[15]. - The company plans to expand its product applications for plastic optical fibers into industrial control, power, and consumer electronics sectors[31]. - The company is actively participating in the power cable market, benefiting from the national grid's "14th Five-Year Plan" for accelerated grid upgrades[30]. - A new product line of high-speed optical cables is set to launch in Q3 2022, expected to contribute an additional RMB 100 million in revenue[15]. - The company aims to become a leading supplier of online monitoring products for power transmission lines, continuing to optimize existing products[44]. Governance and Compliance - The company maintained a governance structure that includes a general meeting of shareholders, a board of directors, and specialized committees to ensure effective decision-making and oversight[88]. - The company has established independent operations in personnel, assets, finance, and business, ensuring no conflicts of interest with the controlling shareholder[96]. - The company has implemented a performance evaluation and incentive mechanism linked to individual performance, promoting motivation and direction among employees[92]. - The company ensures timely and transparent information disclosure to all shareholders, adhering to principles of fairness and openness[95]. - The company has actively engaged with stakeholders, including creditors, employees, and suppliers, to promote sustainable development[93]. - The company has not encountered any issues related to competition with its controlling shareholder, maintaining a clear operational independence[99]. - The company plans to continue enhancing its governance practices in line with regulatory requirements to support stable and healthy growth[88]. - The company has not reported any major internal control deficiencies that would impact its financial statements[137]. Investor Relations - The company conducted multiple investor calls in January to discuss the 2020 annual performance and future outlook, but no written materials were provided[83]. - In April, the company addressed inquiries regarding the performance of the first quarter of 2021, indicating ongoing communication with investors[83]. - The company is expected to disclose its 2021 semi-annual performance report in May, as indicated in investor communications[83]. - The company has been actively engaging with investors regarding its main business development and shareholder meeting updates[83]. - The investor calls reflect the company's strategy of maintaining transparency and open communication with its investors[83]. - The company has been actively addressing investor inquiries regarding stock price fluctuations and shareholder commitments[84]. Legal and Regulatory Matters - The company is involved in a lawsuit with a claim amount of 22.62 million yuan, currently in the first instance trial stage, with no judgment yet[165]. - Another lawsuit involves a claim of 16.16 million yuan, also in the first instance trial stage, with no judgment yet[165]. - A judgment was made against the company to pay 50,000 yuan and a penalty of 44,000 yuan, with the defendant bearing joint liability[165]. - The company has been criticized for violating the Shenzhen Stock Exchange listing rules, resulting in a public reprimand[166]. Employee and Management Structure - The total number of employees at the end of the reporting period was 458, with 20 in the parent company and 438 in major subsidiaries[123]. - The professional composition includes 217 production personnel, 40 sales personnel, 107 technical personnel, 19 financial personnel, and 75 administrative personnel[123]. - The educational background of employees shows 4 with a doctorate, 20 with a master's degree, 130 with a bachelor's degree, and 304 with an associate degree or below[123]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[133]. - The company plans to elect a new supervisor to maintain compliance with legal requirements following the resignation of Wang Juan[101]. Shareholder Structure - The total number of shares is 193,440,000, with 100% being unrestricted shares[192]. - The largest shareholder, Guangzhou Huifu Qiji Investment Partnership, holds 20.68% of shares, totaling 40,000,000 shares, which are currently frozen[194]. - Beijing Dingyun Technology Development Co., Ltd. holds 14.10% of shares, amounting to 27,273,330 shares[194]. - The top ten unrestricted shareholders collectively hold significant portions of the company's shares, with no new strategic investors entering the top ten[195]. - The shareholder structure remains stable, with no significant changes in the number of shareholders or their holdings[195]. Environmental and Social Responsibility - The company has implemented various measures to manage waste and reduce pollution, including proper treatment of wastewater and solid waste[143]. - The company donated 8,000 RMB to the Red Cross Society and provided materials worth 14,394 RMB to a local school to support rural revitalization efforts[150].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 212,780,636.30, representing a 32.92% increase compared to CNY 160,079,198.58 in the same period last year[20]. - Net profit attributable to shareholders reached CNY 15,264,619.96, a significant increase of 970.98% from CNY 1,425,291.91 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 14,325,828.31, up 2,311.55% from CNY 594,049.77 year-on-year[20]. - The basic earnings per share rose to CNY 0.079, marking an increase of 1,028.57% compared to CNY 0.007 in the same period last year[20]. - The company's gross profit margin improved by 6.38 percentage points to 39.70% compared to the previous year[46]. - The company reported a net profit of CNY 8,215,225.27 for the period, compared to a loss of CNY 7,049,394.69 in the previous period, indicating a significant turnaround[126]. - The total comprehensive income for the first half of 2021 was CNY 16.31 million, compared to a loss of CNY 0.15 million in the same period of 2020[132]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 535,933,234.80, reflecting a 9.19% increase from CNY 490,848,239.24 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 5.68% to CNY 284,197,734.28 from CNY 268,933,114.32 at the end of the previous year[20]. - Cash and cash equivalents decreased to ¥80,589,854.84, accounting for 15.04% of total assets, down from 18.00% last year, a decrease of 2.96%[49]. - Accounts receivable increased to ¥242,428,688.13, representing 45.23% of total assets, up from 44.44% last year, an increase of 0.79%[49]. - Inventory rose to ¥68,711,792.06, making up 12.82% of total assets, slightly down from 12.86% last year, a decrease of 0.04%[49]. - Total liabilities rose to CNY 246,550,138.81 from CNY 217,770,351.75, marking an increase of approximately 13.2%[126]. Cash Flow - The net cash flow from operating activities improved to -CNY 13,140,908.73, a 54.57% reduction in losses compared to -CNY 28,922,557.42 in the same period last year[20]. - In the first half of 2021, the company reported cash inflows from operating activities of CNY 209,371,078.86, an increase of 14.87% compared to CNY 182,263,957.09 in the same period of 2020[139]. - The company generated CNY 19,226,356.79 in cash inflows from investment activities, while cash outflows totaled CNY 19,373,390.77, resulting in a net cash flow of CNY -147,033.98[140]. - Cash inflows from financing activities amounted to CNY 16,000,000.00, while cash outflows were CNY 9,608,738.89, leading to a net cash flow of CNY 6,391,261.11[140]. Research and Development - The company has achieved significant progress in the R&D of new products, including prefabricated cables and non-metallic flame-retardant cables, and plans to continue increasing R&D investment to enhance its competitive strength[35]. - Research and development expenses amounted to CNY 10.63 million, a decrease of 4.30% year-on-year[42]. - The company plans to enhance product performance to meet customer demands for stability in optical module products[39]. Market and Industry Position - The company operates in the rapidly growing optical fiber and cable industry, benefiting from the demand for large-scale communication infrastructure in China, as highlighted in the "14th Five-Year Plan" which promotes the deployment of gigabit optical fiber networks[28]. - The main business includes the production and sales of optical fibers, power cables, online monitoring products, and communication engineering construction, with a focus on customized products for major clients like the State Grid and Southern Power Grid[28]. - The company aims to strengthen its position as a leading supplier of online monitoring products for power transmission lines and forest fire prevention, with a focus on expanding its market share in these areas[38]. - The company’s market share remains low in regions like Sichuan, Gansu, and Guizhou, prompting ongoing optimization and adjustment of existing business strategies[34]. Corporate Governance and Compliance - The company emphasizes the importance of understanding investment risks and the differences between plans, forecasts, and commitments[5]. - The company actively protects shareholder rights by ensuring timely and accurate information disclosure, enhancing transparency and communication with investors[74]. - The company adheres to labor laws, providing employees with benefits and a comprehensive performance evaluation system[74]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[81]. - The company has not faced any penalties or corrective actions during the reporting period[87]. Environmental and Social Responsibility - The company and its subsidiaries are not classified as key pollutant discharge units by the environmental protection department[70]. - No administrative penalties were imposed on the company or its subsidiaries during the reporting period due to environmental issues[70]. - The company has established an emergency response plan for environmental incidents to minimize risks from potential leaks of hazardous materials[73]. - The company has maintained compliance with environmental monitoring standards, with all monitored indicators meeting discharge standards[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 19,062[111]. - The largest shareholder, Guangzhou Huifu Qiji Investment Partnership, holds 20.68% of the shares, totaling 40,000,000 shares, which are frozen[111]. - The company has a total of 193,440,000 shares, all of which are unrestricted[109]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[112]. Financial Reporting and Accounting Policies - The semi-annual financial report has not been audited[84]. - The financial statements are prepared based on the accrual basis of accounting, in accordance with the relevant accounting standards[164]. - The company’s accounting policies are tailored to its operational characteristics, particularly regarding revenue recognition[166].

Financial Performance - The company's operating revenue for Q1 2021 was ¥86,996,254.54, representing a 64.61% increase compared to ¥52,848,835.87 in the same period last year[8]. - The net profit attributable to shareholders was ¥3,644,275.69, a significant recovery from a loss of ¥2,102,096.95 in the previous year[8]. - The basic earnings per share for the period was ¥0.019, compared to a loss of ¥0.011 per share in the same period last year[8]. - Operating revenue rose by 64.61% to ¥86,996,254.54, mainly driven by increased sales of optical fibers, cables, and related products[17]. - Operating profit for Q1 2021 was ¥4,440,433.92, a significant recovery from a loss of ¥3,080,478.46 in the previous year[62]. - The company reported a net profit of ¥4,123,796.57, a substantial improvement from a net loss of ¥2,867,574.09 in the previous year, attributed to higher revenue from optical fiber and cable products[18]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥13,031,558.69, a 62.45% reduction in losses compared to -¥34,702,426.65 in the same period last year[8]. - The company achieved a 62.45% improvement in cash flow from operating activities, with a net cash outflow of ¥13,031,558.69, primarily due to the exclusion of cash flows from the sale of a subsidiary[18]. - Cash inflow from investment activities amounted to 10,782,600.00 CNY, with a net cash flow from investment activities of 10,771,711.00 CNY, a significant increase compared to -6,183.99 CNY in the previous period[70]. - The net cash flow from financing activities was CNY 6,747,505.56, contrasting with a net outflow of CNY -1,935,230.88 in the previous year[69]. - The ending balance of cash and cash equivalents was 42,188,213.21 CNY, up from 32,924,337.33 CNY in the previous period[70]. Assets and Liabilities - The total assets at the end of the reporting period were ¥523,813,886.63, reflecting a 6.72% increase from ¥490,848,239.24 at the end of the previous year[8]. - The company's total liabilities increased by 38.03% to ¥78,702,358.06, mainly due to increased payable expenses recognized by subsidiaries[17]. - Current assets totaled CNY 445,224,695.78, up from CNY 413,834,624.35, indicating an increase of about 7.5%[53]. - Total liabilities increased to CNY 246,612,202.57 from CNY 217,770,351.75, marking a rise of approximately 13.3%[55]. - The company's equity attributable to shareholders improved to CNY 272,577,390.01 from CNY 268,933,114.32, reflecting a growth of about 1.5%[55]. Shareholder Information - The top shareholder, Guangzhou Huifu Qiji Investment Partnership, holds 20.68% of the shares, totaling 40,000,000 shares, which are currently frozen[12]. - The total number of ordinary shareholders at the end of the reporting period was 18,810[12]. Government and Legal Matters - The company received government subsidies amounting to ¥646,110.49 during the reporting period[9]. - The court ordered the freezing of assets valued at RMB 86,557,000 related to the controlling shareholder's equity dispute[25]. - The court's freezing order on the assets of the controlling shareholder is set for a duration of three years[24]. - The company faced administrative penalties due to information disclosure violations related to the takeover bid by Shanghai Lezheng and Anhui Hongxu[36]. Operational Insights - The company's accounts receivable increased by 65.24% to ¥11,602,490.12, primarily due to an increase in bank acceptance bills received during the reporting period[17]. - Operating costs increased by 37.02% to ¥48,817,708.84, corresponding to the rise in operating revenue and significant growth in high-margin optical fiber and cable business[17]. - The company recorded a significant increase in sales expenses, which rose by 114.69% to ¥19,381,265.90, due to higher payable expenses incurred by subsidiaries[17]. - Research and development expenses for Q1 2021 were ¥5,626,522.28, slightly down from ¥5,662,353.42 in the previous year, indicating a focus on cost management[60]. Investment Activities - The company plans to invest up to 50 million yuan in a merger fund with Zhongjing Hongxi and Shanghai Lezheng, but there has been no actual progress as of the report date[37]. - The company has committed 800,000 yuan to bank wealth management products, with the entire amount remaining unexpired[45]. - The company has not engaged in any securities or derivative investments during the reporting period[41][42].

Financial Performance - The company's operating revenue for 2020 was ¥485,105,246.04, representing an increase of 11.71% compared to ¥434,269,804.11 in 2019[17]. - The net profit attributable to shareholders in 2020 was ¥24,367,910.32, a significant increase of 190.75% from ¥8,381,075.03 in the previous year[17]. - The net profit after deducting non-recurring gains and losses reached ¥15,829,427.30, up 1,052.43% from ¥1,373,567.04 in 2019[17]. - The basic earnings per share for 2020 was ¥0.1260, which is a 190.99% increase from ¥0.0433 in 2019[17]. - The total assets at the end of 2020 were ¥490,848,239.24, a decrease of 21.49% from ¥625,193,773.42 at the end of 2019[17]. - The net assets attributable to shareholders increased by 9.96% to ¥268,933,114.32 from ¥244,565,204.00 in 2019[17]. - The net cash flow from operating activities was ¥797,923.94, a recovery from a negative cash flow of ¥14,837,915.66 in 2019[17]. - The weighted average return on equity for 2020 was 9.49%, an increase of 6.00% compared to 3.49% in 2019[17]. - The company reported a total profit of 2,736.66 million yuan for the reporting period[36]. - The company reported a net profit of CNY 24,367,910.32 for the year 2020, but the actual distributable profit for shareholders was negative CNY 7,049,394.69 after offsetting previous losses[96]. Revenue Sources - The company's revenue from optical fiber and related products reached 346.59 million yuan, accounting for 71.45% of total revenue, representing a 30.15% increase compared to the previous year[32]. - The company's communication engineering and system integration business generated revenue of 138.51 million yuan, accounting for 28.55% of total revenue, down 17.53% year-over-year[35]. - The company's domestic revenue reached RMB 450,922,902.21, which is 92.95% of total revenue, showing a growth of 9.08% from the previous year[56]. - The company's international revenue grew significantly by 63.64%, reaching RMB 34,182,343.83, compared to RMB 20,889,026.54 in 2019[56]. - Revenue from optical fibers, cables, and related products was RMB 346,592,172.87, accounting for 71.45% of total revenue, with a year-on-year growth of 30.15%[55]. Operational Developments - The company has successfully developed new products including prefabricated cables and distributed fault diagnosis devices, contributing positively to sales performance[34]. - The company has upgraded five production lines to resolve bottlenecks in production processes, enhancing the capacity to meet customer demands for specialized optical cable products[29]. - The company has seen a notable increase in high-profit products in sectors such as industrial control, sensing, and automotive, contributing to overall revenue growth[34]. - The company has maintained a focus on customized production of OPGW and ADSS products, which are key to its sales strategy[34]. - The company has experienced significant growth in its online monitoring business, particularly in high-voltage transmission line monitoring and forest fire prevention[34]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - No cash dividends or capital reserve transfers to increase share capital were proposed for the years 2018, 2019, and 2020 due to negative distributable profits[95][96][97]. - The cumulative distributable profit for shareholders at the end of 2019 was negative CNY 31,417,305.01, and at the end of 2018, it was negative CNY 39,798,380.04[95][96]. Corporate Governance - The company has established a governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management, ensuring stable and healthy development[178]. - The independent directors' suggestions have been adopted by the company, contributing to the improvement of governance and operational decisions[190]. - The company adheres to the principles of fairness, openness, and justice in information disclosure, ensuring all shareholders receive timely and equal access to relevant information[183]. - The audit committee communicated with the annual audit firm regarding issues discovered during the audit process, ensuring transparency[193]. Employee and Management Information - The company employed a total of 603 staff, with 253 in production, 132 in technical roles, and 62 in sales[168]. - The total remuneration for directors and senior management during the reporting period amounted to CNY 3.38 million[167]. - The company has not granted any stock incentives to directors or senior management during the reporting period[167]. - The company actively participates in training organized by regulatory bodies and arranges professional skills training for its staff[174]. Environmental and Social Responsibility - The company emphasizes safety production and environmental protection as part of its operational philosophy[129]. - The company actively engages in social responsibility, including donations to charity, with a contribution of RMB 10,000 to the Chengdu Charity Association[130]. - The company has established an emergency response plan for environmental incidents to minimize risks from unexpected events[136]. - The company maintains a comprehensive environmental safety management system, with regular monitoring of pollutant emissions by qualified agencies[136].

Financial Performance - Operating revenue for the reporting period reached CNY 141,060,149.53, a year-on-year increase of 33.01%[7] - Net profit attributable to shareholders increased by 281.98% to CNY 7,272,570.58 compared to the same period last year[7] - Basic earnings per share rose by 280.00% to CNY 0.038 per share[7] - The company reported a net profit of CNY 8,697,862.49 for the year-to-date, reflecting a 40.71% increase compared to the same period last year[7] - Operating profit grew by 64.23% to 7,749,502.62 from 4,718,777.50, driven by increased revenue from high-margin optical cable and fiber services[17] - Net profit attributable to the parent company increased by 40.71% to 8,697,862.49 from 6,181,252.60, due to higher gross margin contributions[17] - Other income rose by 49.14% to 2,501,738.22 from 1,677,419.57, mainly from increased government subsidies[17] - The company reported a significant increase in sales expenses, which rose to CNY 24,640,754.61 from CNY 8,154,457.93 in the previous year, marking an increase of 202.73%[53] - The total operating income for the year-to-date period was 301,139,348.11, up from 277,581,639.01, showing a growth of approximately 8.5%[59] - The total operating costs for the year-to-date period were 292,999,478.52, compared to 277,017,110.14, indicating an increase of about 5.8%[59] Assets and Liabilities - Total assets increased by 3.19% to CNY 645,108,505.42 compared to the end of the previous year[7] - The company's current assets totaled CNY 560,309,804.72, compared to CNY 539,748,398.94 at the end of 2019, reflecting an increase of approximately 3.3%[47] - The company's total liabilities were CNY 560,000,000.00, with short-term borrowings remaining constant at CNY 76,000,000.00[48] - Total liabilities amounted to CNY 356,777,649.03, with current liabilities at CNY 337,094,029.88[72] - The total equity attributable to shareholders of the parent company was CNY 244,565,204.00, while total equity reached CNY 268,416,124.39[73] Cash Flow - The net cash flow from operating activities improved by 53.25%, reaching CNY 12,656,448.78[7] - The cash flow from operating activities showed a net outflow of -16,266,108.64, an improvement from -34,796,947.66 in the previous year[65] - The net cash flow from investment activities was -824,171.35 CNY, with total cash inflows of 37,526,349.86 CNY and outflows of 11,332,242.87 CNY[67] - The net cash flow from financing activities was -4,166,004.37 CNY, with total cash inflows of 109,000,000.00 CNY and outflows of 103,052,479.63 CNY[67] - The net increase in cash and cash equivalents was -21,256,284.36 CNY, resulting in an ending balance of 81,610,353.76 CNY[67] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,310[11] - The largest shareholder, Guangzhou Huifu Qiji Investment Partnership, holds 20.68% of the shares[11] Legal and Compliance Issues - The court has frozen assets of Guangzhou Huifu Qiji Investment Partnership (Limited Partnership) valued at CNY 86,557,000 as of October 10, 2018[25] - A total of 29.6 million shares of Sichuan Huiyuan Optical Communication Co., Ltd. were frozen as of November 20, 2018[26] - The court has also frozen 40 million shares of the listed company under Huifu Qiji as of December 4, 2018[26] - The company is currently involved in a legal appeal concerning a civil judgment related to the controlling shareholder and other parties[29] - The company has not received any updates on the appeal process as of now[30] Research and Development - Research and development expenses increased by 76.07% to 17,940,063.62 from 10,189,339.38, reflecting higher R&D investments[17] - Research and development expenses for Q3 2020 were CNY 6,828,009.40, significantly higher than CNY 2,081,494.52 in Q3 2019, reflecting an increase of 228.36%[53] Tax and Expenses - Tax expenses increased by 109.70% to 2,230,732.71 from 1,063,772.46, resulting from higher total profit[17] - The company incurred a tax expense of 2,230,732.71 for the third quarter, compared to 1,063,772.46 in the previous year, representing an increase of approximately 109.8%[61] Other Financial Metrics - The company reported a credit impairment loss of -2,728,240.51 for the year-to-date period, compared to a gain of 1,435,333.72 in the previous year, indicating a significant change in credit quality[59] - The company reported a negative retained earnings of CNY -31,417,305.01, indicating accumulated losses[73] - The company adjusted its financial statements to comply with new revenue and leasing standards starting in 2020[69]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥160,079,198.58, a decrease of 6.67% compared to ¥171,527,135.77 in the same period last year[17]. - The net profit attributable to shareholders was ¥1,425,291.91, down 66.68% from ¥4,277,320.37 in the previous year[17]. - The basic earnings per share decreased by 68.18%, from ¥0.022 to ¥0.007[17]. - The total assets at the end of the reporting period were ¥613,821,883.20, a decline of 1.82% from ¥625,193,773.42 at the end of the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 594,000 yuan[35]. - The company achieved operating revenue of 160.08 million yuan, a decrease of 6.67% compared to the same period last year[34]. - Operating costs amounted to 106.74 million yuan, representing a decline of 13.25% year-on-year[35]. - The company reported an operating profit of 667,500 yuan and a net profit attributable to shareholders of 1.43 million yuan[35]. - The company reported a net loss of CNY 29,992,013.10, an improvement from a loss of CNY 31,417,305.01 in the previous period[142]. - The total profit for the first half of 2020 was ¥713,276.08, a decrease of 79.3% compared to ¥3,451,267.72 in the same period of 2019[148]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 10.32%, from -¥32,249,829.31 to -¥28,922,557.42[17]. - The company's cash flow from operating activities improved by 10.32%, with a net outflow of ¥28,922,557.42 compared to ¥32,249,829.31 in the same period last year[54]. - The net cash flow from investing activities was -1,451,637.93 CNY, a significant decline from a positive 22,926,879.24 CNY in the first half of 2019[153]. - The net cash flow from financing activities was -3,243,056.57 CNY, contrasting with a positive 12,432,100.53 CNY in the first half of 2019[153]. - The ending cash and cash equivalents balance decreased to 69,249,386.20 CNY from 83,361,228.68 CNY year-on-year, representing a decline of 17.0%[153]. - The company’s total liabilities increased, leading to a decrease in net cash flow, indicating potential liquidity challenges[154]. Assets and Liabilities - The company's total assets included cash and cash equivalents of ¥71,614,357.82, which accounted for 11.67% of total assets[62]. - The company's total liabilities decreased from CNY 356,777,649.03 to CNY 345,553,240.75, reflecting a decrease of approximately 3.3%[142]. - The total equity attributable to shareholders increased slightly from CNY 244,565,204.00 to CNY 245,990,495.91, an increase of about 0.6%[142]. - The total equity at the end of the reporting period is CNY 149,811,288.02, an increase from CNY 149,502,636.07 at the beginning of the year[170]. Business Operations - The company's main business includes the research, production, sales, and installation of optical cables, power system special optical cables, and communication equipment, among others[23]. - During the reporting period, the company's main business revenue from optical fibers, optical cables, and related products was CNY 124.31 million, accounting for 80.38% of total revenue, showing growth compared to the previous year[32]. - The company’s communication engineering and system integration revenue was CNY 30.35 million, accounting for 19.62% of total revenue, which represented a significant decline compared to the previous year[33]. - The company has been actively developing new customers while maintaining existing ones, focusing on customized production of OPGW and ADSS products[27]. - The company’s online monitoring business has seen improvements, particularly in forest fire monitoring, laying a foundation for future growth in this area[32]. Research and Development - Research and development expenses increased by 37.05% to ¥11,112,054.22, primarily due to the capitalization of R&D expenditures during the reporting period[54]. - The company has strengthened its R&D team, focusing on product innovation and improving production processes to enhance product quality[28]. - The company plans to increase investment in new product and technology development to enhance production processes and improve product quality[76]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of shares remains at 193,440,000, with no changes in the shareholding structure[118]. - The largest shareholder, Guangzhou Huifu Qiji Investment Partnership, holds 40,000,000 shares, representing 20.68% of total shares, which are frozen[122]. - Total number of common shareholders at the end of the reporting period is 21,296[121]. Legal and Compliance Matters - The company has not received updates regarding the freezing of assets related to its controlling shareholder[38]. - The company is currently involved in legal proceedings concerning the freezing of shares held by its controlling shareholder[42]. - There are no significant litigation or arbitration matters during the reporting period[86]. - The company has not implemented any equity incentive plans or employee stock ownership plans during the reporting period[90]. Environmental and Safety Management - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[108]. - The company has established an emergency response plan for environmental incidents to minimize risks from unexpected events[111]. - The company maintains a sound environmental safety management system and regularly monitors pollutant emissions, all of which meet discharge standards[113]. General Financial Reporting - The half-year financial report has not been audited[84]. - The financial statements are prepared based on the going concern assumption, indicating no significant issues affecting the company's ability to continue operations[176]. - The company adheres to the enterprise accounting standards, ensuring the financial report reflects a true and complete picture of its financial status[179].