武汉光迅科技股份有限公司 2017 年第三季度报告正文 证券代码：002281 证券简称：光迅科技 公告编号：（2017）050 武汉光迅科技股份有限公司 2017 年第三季度报告正文 1 武汉光迅科技股份有限公司 2017 年第三季度报告正文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人余少华、主管会计工作负责人毕梅及会计机构负责人(会计主管 人员)毕梅声明：保证季度报告中财务报表的真实、准确、完整。 2 √ 适用 □ 不适用 3 武汉光迅科技股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √ 是 □ 否 追溯调整或重述原因 其他原因：报告期内，因实施资本公积金转增股本而增加公司总股本，故根据相关会计准则的规定按最新股本调整并列报基 本每股收益和稀释每股收益。 | | 本报告期末 | | | 上年度末 | | | 本报告期末比上年 度末增减 ...

武汉光迅科技股份有限公司 2017 年半年度报告全文 武汉光迅科技股份有限公司 2017 年半年度报告 股票简称： 光迅科技 股票代码： 002281 披露日期： 2017 年 8 月 25 日 武汉光迅科技股份有限公司 2017 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人余少华、主管会计工作负责人毕梅及会计机构负责人(会计主管 人员)毕梅声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 一、市场风险 光通信行业是光电子器件行业的主要下游行业，其具有一定的周期性特征， 而其周期性变化将会影响到公司未来效益。 二、技术风险 光通信技术的迅速发展，使光电子器件技术和产品也随之不断升级。光电 子器件是构建光通信系统与网络的基础，无论是高速光传输设备、长距离光传 输设备，还是目前最受市场关注的智能光网络，它们的发展都取决于光电子器 件技术进步和产品更新换代的速度。如果公司在科研开发上投入不足，技术和 产 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section provides assurance on the annual report's accuracy, outlines key market, technology, and operational risks, and details the 2016 profit distribution plan, along with the full report directory and definitions - The company's Board of Directors, Supervisory Board, and senior management guarantee the annual report's content is true, accurate, and complete, free from false records, misleading statements, or major omissions[5](index=5&type=chunk) - The company highlights three main risks: - **Market Risk**: Cyclical changes in the optical communication industry may impact company profitability[7](index=7&type=chunk) - **Technology Risk**: Failure to keep pace with optical communication technology advancements may reduce the company's competitiveness[8](index=8&type=chunk) - **Operational and Integration Risk**: Expanding business scale poses challenges for organization, capital, internal control, and talent management[9](index=9&type=chunk) - The Board of Directors approved the 2016 profit distribution plan: based on **209,641,584 shares**, a cash dividend of **CNY 5.00 (tax inclusive) per 10 shares** will be distributed, and **20 bonus shares per 10 shares** will be transferred from capital reserves to all shareholders[9](index=9&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides the company's basic information, including stock code and legal representative, and presents key financial data for 2016 and the preceding two years, showing significant revenue and net profit growth, along with quarterly financial metrics and non-recurring gains/losses Key Financial Indicators | Indicator | 2016 | 2015 (Adjusted) | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (CNY)** | 4.06 billion | 3.13 billion | 29.79% | | **Net Profit Attributable to Shareholders (CNY)** | 285.02 million | 243.29 million | 17.15% | | **Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (CNY)** | 237.11 million | 192.92 million | 22.90% | | **Net Cash Flow from Operating Activities (CNY)** | 180.94 million | 139.54 million | 29.66% | | **Basic EPS (CNY/share)** | 1.36 | 1.16 | 17.24% | | **Weighted Average ROE** | 9.75% | 9.57% | Increase of 0.18 percentage points | | **Total Assets (CNY)** | 4.82 billion | 4.21 billion | 14.38% | | **Net Assets Attributable to Shareholders (CNY)** | 2.83 billion | 2.66 billion | 6.70% | Quarterly Financial Indicators | Financial Indicator (CNY) | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 984.45 million | 998.91 million | 1.07 billion | 1.01 billion | | **Net Profit Attributable to Shareholders** | 73.66 million | 79.39 million | 58.36 million | 73.61 million | | **Net Cash Flow from Operating Activities** | -68.70 million | 63.57 million | -50.98 million | 237.05 million | - In 2016, the company's total non-recurring gains and losses amounted to **CNY 47.91 million**, primarily from government subsidies and wealth management income[26](index=26&type=chunk) [Company Business Overview](index=10&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E5%85%AC%E5%8F%B8%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%A6%81) This section outlines the company's core business, main products, industry trends, and market position as a leading global provider of optoelectronic devices and subsystem solutions with vertical integration capabilities from chip to module - The company is a leading global provider of optoelectronic devices and subsystem solutions, with operations spanning R&D, production, and sales from chips to devices, modules, and subsystems, forming six core technology platforms[29](index=29&type=chunk) - Main products are categorized by application: - **Transmission**: Optical transmission transceivers (e.g., 100Gbps CFPx), fiber amplifiers, passive optical components[30](index=30&type=chunk) - **Access**: GPON/10G PON modules for FTTH and optical modules for 4G LTE networks[30](index=30&type=chunk) - **Data Communication**: 100Gbps QSFP28 optical modules and Active Optical Cables (AOC) for data centers and enterprise networks[30](index=30&type=chunk) - Industry growth is driven by explosive data traffic from mobile internet, big data, and cloud computing, accelerating the development of 100Gbps optical networks and large data center markets, with Photonic Integrated Circuit (PIC) technology, especially silicon photonics, being a key future direction[31](index=31&type=chunk)[33](index=33&type=chunk) - According to Ovum data, Accelink Technology held approximately **5.7%** of the global market share between 4Q15 and 3Q16, ranking fifth[34](index=34&type=chunk) - During the reporting period, the company's construction in progress increased by **176.77%** from the beginning of the period, primarily due to increased investment in the second phase of the industrial park project[35](index=35&type=chunk) [Management Discussion and Analysis](index=12&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides a comprehensive analysis of the company's operational performance, including revenue and cost structures, market expansion, R&D achievements, production efficiency, and the financial status of subsidiaries [Overview](index=12&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) In 2016, the company achieved **CNY 4.06 billion** in operating revenue and **CNY 274 million** in net profit, showing stable and positive operational momentum with growth in domestic and international markets, significant R&D breakthroughs in chips, and improved production efficiency 2016 Performance vs. Budget | Indicator | 2016 Actual | Budget Attainment | | :--- | :--- | :--- | | **Operating Revenue** | CNY 4.06 billion | Achieved | | **Net Profit** | CNY 274 million | Below Budget (2.73% short) | | **Operating Profit** | - | Below Budget (5.90% short) | - In market expansion, domestic sales to equipment vendors, operators, and information providers all grew, with the industry network market increasing by **97%** year-on-year; international sales reached **USD 125 million**, a **15.11%** year-on-year increase[38](index=38&type=chunk)[39](index=39&type=chunk) - R&D focused on "China Chip" initiatives, achieving key breakthroughs: **10G APD chips** entered mass production, **25G PD chips** achieved commercialization, and **10G EML chips** completed commercial verification[39](index=39&type=chunk) - Production and operational efficiency improved, with automation rates for core assembly processes approaching **50%** and testing processes nearing **80%**[41](index=41&type=chunk)[42](index=42&type=chunk) [Analysis of Main Business](index=14&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) This section analyzes the company's main business revenue and cost structure, highlighting a **29.79%** increase in operating revenue driven by transmission products, changes in consolidation scope, high customer concentration, and a **11.02%** increase in R&D investment Operating Revenue by Product and Region | Category | 2016 Revenue (CNY) | Share of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | **By Product** | | | | | Transmission | 2.31 billion | 57.00% | 39.85% | | Access and Data | 1.69 billion | 41.70% | 25.56% | | **By Region** | | | | | Domestic | 3.23 billion | 79.52% | 33.32% | | International | 831.41 million | 20.48% | 17.70% | - During the reporting period, the scope of consolidation changed, with Almawave Technology Co., Ltd. included through a non-common control business combination, and Dalian Canglong Optoelectronics Technology Co., Ltd. included through a common control business combination[53](index=53&type=chunk)[56](index=56&type=chunk) - The company has high customer concentration, with the top five clients accounting for **63.50%** of total annual sales, and related party FiberHome Telecommunication Technologies Co., Ltd. being the second largest client, representing **14.14%** of sales[61](index=61&type=chunk)[63](index=63&type=chunk) R&D Investment | R&D Investment | 2016 | 2015 | Change Percentage | | :--- | :--- | :--- | :--- | | **R&D Investment Amount (CNY)** | 345.05 million | 310.79 million | 11.02% | | **R&D Investment as % of Operating Revenue** | 8.50% | 9.94% | -1.44% | Cash Flow Summary | Cash Flow Item (CNY) | 2016 | 2015 | YoY Change | | :--- | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | 180.94 million | 139.54 million | 29.66% | | **Net Cash Flow from Investing Activities** | 156.72 million | -365.21 million | -142.89% | | **Net Cash Flow from Financing Activities** | 44.07 million | -97.43 million | -145.28% | [Analysis of Assets and Liabilities](index=20&type=section&id=%E5%9B%9B%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) This section analyzes significant changes in the company's balance sheet, including a substantial increase in monetary funds due to reduced bank wealth management products, a **176.77%** surge in construction in progress from industrial park investments, and notable increases in both short-term and long-term borrowings Key Asset/Liability Changes | Key Asset/Liability | 2016 Year-End (CNY) | 2015 Year-End (CNY) | Reason for Change | | :--- | :--- | :--- | :--- | | **Monetary Funds** | 961.24 million | 572.83 million | Due to reduced bank wealth management products purchased at year-end | | **Construction in Progress** | 36.06 million | 13.03 million | Increased investment in Phase II infrastructure of industrial park, a 176.77% increase | | **Short-Term Borrowings** | 153.28 million | 22.75 million | Due to increased import trade financing | | **Long-Term Borrowings** | 74.00 million | 0.00 | Due to policy-based loans received from China Development Bank Fund | [Analysis of Investment Status](index=21&type=section&id=%E4%BA%94%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) This section details the company's use of raised funds, primarily for the 'Broadband Network Core Optoelectronic Chips and Devices Industrialization Project,' which is **44.33%** complete and has been delayed to September 30, 2017, with idle funds temporarily used for working capital and bank wealth management products - Raised funds are primarily allocated to the 'Broadband Network Core Optoelectronic Chips and Devices Industrialization Project,' with a cumulative investment of **CNY 270.23 million** as of the reporting period end, reaching **44.33%** of the investment progress[78](index=78&type=chunk) - Due to process design optimization and delayed government approvals, the fundraising project did not meet its planned progress, and the date for the project to reach its intended operational state has been extended to **September 30, 2017**[78](index=78&type=chunk) - The company utilized **CNY 200 million** of idle raised funds to temporarily supplement working capital for a period not exceeding 12 months; as of the period end, **CNY 120 million** of idle raised funds were used to purchase bank wealth management products[79](index=79&type=chunk)[80](index=80&type=chunk) [Analysis of Major Holding and Participating Companies](index=25&type=section&id=%E4%B8%83%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) This section analyzes the operational performance of major holding and participating companies, highlighting Wuhan Telecommunication Devices Co., Ltd. (WTD) which achieved **CNY 2.67 billion** in operating revenue, a **46.09%** increase, but experienced a **68.61%** decrease in net profit due to business structure adjustments Major Subsidiary Performance | Company Name | Operating Revenue (CNY) | Net Profit (CNY) | | :--- | :--- | :--- | | **Wuhan Telecommunication Devices Co., Ltd.** | 2.67 billion | 59.80 million | [Outlook on Company's Future Development](index=27&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%9C%AA%E6%9D%A5%E5%8F%91%E5%B1%95%E7%9A%84%E5%B1%95%E6%9C%9B) The company's '13th Five-Year Plan' focuses on developing core optoelectronic technologies for optical communication and big data, with a 2017 strategy of 'seeking progress while maintaining stability' through innovation, coordinated development, green practices, open expansion, and shared growth - The company's '13th Five-Year Plan' development strategy is to develop core optoelectronic technologies, focus on optical communication and big data, and create value for customers[87](index=87&type=chunk) - The 2017 work philosophy is 'seeking progress while maintaining stability,' with key focuses including: - **Innovative Development**: Accelerating technological innovation and high-end product development[88](index=88&type=chunk) - **Coordinated Development**: Balancing the development of three major business units and strengthening subsidiary capabilities[89](index=89&type=chunk) - **Green Development**: Optimizing supply chain, eliminating low-end capacity, reducing inventory, and lowering costs[90](index=90&type=chunk) - **Open Development**: Increasing international market expansion and exploring localized marketing teams[90](index=90&type=chunk) - **Shared Development**: Comprehensively promoting the professional qualification system and incentivizing employees[90](index=90&type=chunk) [Significant Events](index=29&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details significant company actions during the reporting period, including the 2016 profit distribution plan, fulfillment of commitments, changes in consolidation scope due to acquisitions, progress on the equity incentive plan, and major related-party transactions Cash Dividend Distribution History | Dividend Year | Cash Dividend Amount (Tax Incl., CNY) | Ratio to Net Profit Attributable to Ordinary Shareholders in Consolidated Statements | | :--- | :--- | :--- | | **2016 (Proposed)** | 104.82 million | 36.78% | | **2015** | 104.94 million | 43.14% | | **2014** | 104.94 million | 72.79% | - The 2016 profit distribution plan proposes a cash dividend of **CNY 5.00 (tax inclusive) per 10 shares** and a transfer of **20 bonus shares per 10 shares** from capital reserves to all shareholders[99](index=99&type=chunk) - The scope of consolidated financial statements changed during the reporting period: - **Non-common control business combination**: Subsidiary Dalian Canglong acquired a **51.23%** equity stake in Almawave Technology Co., Ltd[108](index=108&type=chunk) - **Common control business combination**: Acquisition of a **49.71%** equity stake in Dalian Canglong Optoelectronics Technology Co., Ltd[111](index=111&type=chunk) - Equity incentive plan progress: Due to employee departures, the company repurchased and cancelled some restricted shares (totaling **248,000 shares**); on December 29, 2016, the conditions for the first unlocking period of the initial restricted stock grant were met, allowing **220 incentive recipients** to unlock **2,047,664 shares**[121](index=121&type=chunk)[122](index=122&type=chunk) - Significant related-party transaction: Sales of goods to related party FiberHome Telecommunication Technologies Co., Ltd. amounted to **CNY 645 million**, accounting for **14.14%** of similar transactions, exceeding the estimated limit of **CNY 450 million**[123](index=123&type=chunk) [Changes in Share Capital and Shareholder Information](index=42&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details the 2016 changes in the company's share capital structure and shareholder information, including a reduction of **248,000 shares** due to restricted stock cancellations and the lifting of sales restrictions on **23.35 million shares** held by the controlling shareholder, FiberHome Technology Group Co., Ltd. - Total shares changed from **209,889,584 shares** to **209,641,584 shares**, a reduction of **248,000 shares**, due to the repurchase and cancellation of restricted shares held by **14 incentive recipients** who no longer met the incentive conditions due to resignation[142](index=142&type=chunk)[143](index=143&type=chunk) - The **23,351,189 restricted shares** held by controlling shareholder FiberHome Technology Group Co., Ltd. were released from restrictions and listed for trading on **February 1, 2016**[145](index=145&type=chunk)[146](index=146&type=chunk) Top Shareholders at Period End | Shareholder Name | Shareholder Type | Shareholding Percentage | Shares Held at Period End | | :--- | :--- | :--- | :--- | | **FiberHome Technology Group Co., Ltd.** | State-owned Legal Person | 45.43% | 95,249,437 | | **Jiangsu Zhongtian Technology Investment Management Co., Ltd.** | Domestic Non-State-owned Legal Person | 5.96% | 12,503,770 | [Preferred Shares Information](index=48&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[155](index=155&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=49&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) This section details changes in the company's directors, supervisors, and senior management (D&O) positions and their professional backgrounds, noting no changes in D&O shareholdings, and provides a breakdown of the company's **4,023 employees** by professional category - During the reporting period, several changes occurred among the company's D&O personnel, including the departure of Chairman Lu Guoqing, Director Xu Jie, and CFO Wu Haibo due to work changes or term expiration[159](index=159&type=chunk) - The current Chairman of the company is Mr. Yu Shaohua, an academician of the Chinese Academy of Engineering, who assumed office on **September 17, 2016**[156](index=156&type=chunk)[160](index=160&type=chunk) Employee Professional Composition | Professional Category | Number of Employees | Percentage | | :--- | :--- | :--- | | **Production Personnel** | 2,633 | 65.45% | | **Sales Personnel** | 158 | 3.93% | | **Technical Personnel** | 629 | 15.64% | | **Financial Personnel** | 34 | 0.85% | | **Administrative Personnel** | 569 | 14.14% | | **Total** | 4,023 | 100.00% | [Corporate Governance](index=58&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) This section outlines the company's corporate governance, affirming compliance with relevant laws and regulations, maintaining independence from the controlling shareholder, detailing the normal functioning of Board committees, and confirming the effectiveness of internal controls with no material weaknesses - The company's actual corporate governance status has no material differences from the normative documents on listed company governance issued by the China Securities Regulatory Commission[182](index=182&type=chunk) - The company maintains independence and completeness from its controlling shareholder in terms of business, personnel, assets, organization, and finance[183](index=183&type=chunk) - The Audit Committee, Remuneration and Appraisal Committee, and Strategy Committee under the Board of Directors all performed their duties as required during the reporting period[189](index=189&type=chunk)[190](index=190&type=chunk)[191](index=191&type=chunk) - The company's '2016 Annual Internal Control Self-Assessment Report' concluded that internal controls are effective, with no material weaknesses found in financial or non-financial reporting; the accounting firm issued a standard unqualified assurance report on internal controls[194](index=194&type=chunk)[197](index=197&type=chunk)[198](index=198&type=chunk) [Corporate Bonds Information](index=63&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) During the reporting period, the company had no publicly issued corporate bonds listed on a stock exchange that were either unexpired or not fully redeemed by the annual report approval date - The company had no publicly issued corporate bonds that were unexpired or not fully redeemed by the end of the reporting period[200](index=200&type=chunk) [Financial Report](index=64&type=section&id=%E7%AC%AC%E5%8D%81%E4%B8%80%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the audited 2016 financial report, including the auditor's standard unqualified opinion, consolidated and parent company financial statements (balance sheet, income statement, cash flow statement, statement of changes in equity), and detailed notes to the financial statements [Audit Report](index=64&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) Tianzhi International Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2016 financial statements, affirming their fair presentation in accordance with enterprise accounting standards - The audit opinion is a standard unqualified opinion[202](index=202&type=chunk) - The auditing firm believes that the financial statements were prepared in all material respects in accordance with enterprise accounting standards, fairly reflecting Accelink Technology's financial position as of December 31, 2016, and its operating results and cash flows for 2016[205](index=205&type=chunk) [Financial Statements](index=65&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated and parent company balance sheets as of December 31, 2016, along with the income statement, cash flow statement, and statement of changes in equity for the year 2016 Consolidated Statement Key Items | Consolidated Statement Key Items (CNY) | Dec 31, 2016 / 2016 Annual | Dec 31, 2015 / 2015 Annual | | :--- | :--- | :--- | | **Total Assets** | 4.82 billion | 4.21 billion | | **Total Liabilities** | 1.90 billion | 1.55 billion | | **Total Equity Attributable to Parent Company Owners** | 2.83 billion | 2.66 billion | | **Total Operating Revenue** | 4.06 billion | 3.13 billion | | **Net Profit Attributable to Parent Company Owners** | 285.02 million | 243.29 million | [Company Basic Information](index=86&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section provides the company's basic profile, including its establishment in 2004, its industry as communications equipment manufacturing, and its main business of optoelectronic device R&D, production, and sales, also clarifying the scope of consolidated financial statements for the period - The company operates in the communications equipment manufacturing industry, with its main business being the R&D, production, sales, and related technical services of optoelectronic devices[243](index=243&type=chunk) - The scope of consolidated financial statements for this period newly includes Dalian Canglong Optoelectronics Technology Co., Ltd. (a common control business combination) and its subsidiary Almawave Technology France[244](index=244&type=chunk) [Significant Accounting Policies and Estimates](index=86&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the company's enterprise accounting standards, key accounting policies, and estimates used for financial statement preparation, covering business combinations, financial instruments, receivables, inventory, fixed assets, intangible assets, revenue recognition, and recent adjustments to VAT accounting - Allowance for doubtful accounts on receivables is accrued using the aging analysis method, with a **1.00%** provision for those within 1 year and **100.00%** for those over 5 years[272](index=272&type=chunk) - Inventory is valued using the moving weighted-average method for issuance, and measured at the lower of cost or net realizable value at period-end[275](index=275&type=chunk) - Depreciation of fixed assets is calculated using the straight-line method, with a useful life of **35 years** for buildings and structures, and **7 years** for machinery, electronic, transportation, and other equipment[283](index=283&type=chunk) - Significant accounting policy change: In accordance with the Ministry of Finance's 'Accounting Treatment Regulations for Value-Added Tax,' property tax, land use tax, and other items previously reported under 'Administrative Expenses' are reclassified to 'Taxes and Surcharges'[312](index=312&type=chunk) [Notes to Consolidated Financial Statement Items](index=104&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed explanations and breakdowns for key consolidated financial statement items, including accounts receivable of **CNY 701 million**, inventory book value of **CNY 1.33 billion**, a significant increase in construction in progress to **CNY 36.06 million** for the industrial park, and operating revenue of **CNY 4.06 billion** with R&D expenses of **CNY 345 million** within administrative expenses - As of period-end, the book value of accounts receivable was **CNY 701 million**, with **99.22%** of accounts receivable for which bad debt provisions were made based on credit risk characteristics[325](index=325&type=chunk) - The book value of inventory at period-end was **CNY 1.33 billion**, with finished goods accounting for the largest portion at **CNY 832 million**[347](index=347&type=chunk) - The book value of construction in progress at period-end was **CNY 36.06 million**, primarily for the industrial park's second phase project, with a budget of **CNY 239 million** and a project progress of **12.23%**[361](index=361&type=chunk)[362](index=362&type=chunk) - In 2016, operating revenue was **CNY 4.06 billion**, and operating cost was **CNY 3.17 billion**[423](index=423&type=chunk) - Total administrative expenses were **CNY 448 million**, of which R&D expenses amounted to **CNY 345 million**, representing **77.01%** of administrative expenses[429](index=429&type=chunk) [Reference Documents Catalog](index=158&type=section&id=%E7%AC%AC%E5%8D%81%E4%BA%8C%E8%8A%82%20%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section lists the reference documents available for inspection, including signed financial statements, original audit reports, original copies of all publicly disclosed documents and announcements from the reporting period, all kept at the company's Board Secretary's office - Reference documents include: - Signed financial statements[586](index=586&type=chunk) - Original audit report[587](index=587&type=chunk) - Original copies of all publicly disclosed documents and announcements from the reporting period[588](index=588&type=chunk) - Original annual report signed by the Chairman[588](index=588&type=chunk)

武汉光迅科技股份有限公司 2017 年第一季度报告全文 武汉光迅科技股份有限公司 2017 年第一季度报告 2017 年 04 月 1 武汉光迅科技股份有限公司 2017 年第一季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 √ 是 □ 否 | | 本报告期 | 上年同期 | | 本报告期比上年同 | | --- | --- | --- | --- | --- | | | | | | 期增减 | | | | 调整前 | 调整后 | 调整后 | | 营业收入（元） | 1,267,329,272.10 | 984,454,956.95 | 988,300,665.94 | 28.23% | | 归属于上市公司股东的净利润（元） | 96,470,862.77 | 73,660,091.23 | 73,992,363.39 | 30.38% | | 归属于上市公司股东的扣除非经常 性损益的净利润（元） | 8 ...

[Important Notice](index=2&type=section&id=Item%201.%20Important%20Notice) The company's management and accounting personnel affirm the truthfulness, accuracy, and completeness of this quarterly report - The company's board of directors, supervisory board, and all senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal responsibilities[4](index=4&type=chunk) - The company's responsible person, head of accounting, and head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial statements in this quarterly report[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Item%202.%20Company%20Profile) This section provides an overview of the company's core financial performance and shareholder structure [Core Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company reported significant revenue and net profit growth in Q1 2017, alongside a notable decrease in operating cash flow Key Financial Performance Indicators | Indicator | Current Period | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,267,329,272.10 | 988,300,665.94 | 28.23% | | Net Profit Attributable to Shareholders (RMB) | 96,470,862.77 | 73,992,363.39 | 30.38% | | Net Profit Excluding Non-recurring Items (RMB) | 88,348,367.81 | 56,811,690.89 | 55.51% | | Net Cash Flow from Operating Activities (RMB) | -113,577,902.57 | -69,196,561.18 | -64.14% | | Basic Earnings Per Share (RMB/share) | 0.46 | 0.35 | 31.43% | | Total Assets (RMB) | 4,955,147,828.12 | 4,816,992,283.99 | 2.87% (vs. prior year-end) | | Net Assets Attributable to Shareholders (RMB) | 2,933,291,843.72 | 2,834,037,018.89 | 3.50% (vs. prior year-end) | - During the reporting period, non-recurring gains and losses totaled **¥8.12 million**, primarily from government subsidies (**¥7.12 million**) and investment income (**¥0.59 million**)[9](index=9&type=chunk) [Shareholder Structure](index=4&type=section&id=II.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders%20at%20Period%20End) The company had **17,694** common shareholders at period end, with **FibreHome Technologies Group Co., Ltd.** as the controlling shareholder - As of the end of the reporting period, the company had **17,694** common shareholders[12](index=12&type=chunk) Top Ten Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | | FibreHome Technologies Group Co., Ltd. | 45.43% | 95,249,437 | | Jiangsu Zhongtian Technology Investment Management Co., Ltd. | 5.69% | 11,937,272 | | Pacific Securities Co., Ltd. | 2.01% | 4,217,128 | | National Social Security Fund 113 Portfolio | 1.80% | 3,781,467 | | National Social Security Fund 503 Portfolio | 1.37% | 2,875,200 | - The company states that there are no related party relationships or concerted action relationships between the controlling shareholder and other top ten shareholders, and the company is unaware of any such relationships among other shareholders[13](index=13&type=chunk) [Significant Events](index=6&type=section&id=Item%203.%20Significant%20Events) This section details significant financial data changes, the half-year performance outlook, and investor relations activities [Analysis of Financial Data Changes](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators%20During%20the%20Reporting%20Period) Significant financial changes included increased accounts receivable and construction in progress, alongside negative cash flow from all activities Key Financial Statement Item Changes | Statement Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Accounts Receivable | 74.23% | Increase in sales and accounts receivable within credit terms | | Construction in Progress | 51.40% | Investment in Phase II construction of industrial park | | Short-term Borrowings | -44.88% | Decrease in import trade financing | | Taxes Payable | 97.97% | Increase in corporate income tax payable | | Net Cash Flow from Operating Activities | -64.14% | Increase in cash paid for goods and services | | Net Cash Flow from Investing Activities | -202.27% | Increase in purchase of wealth management products | | Net Cash Flow from Financing Activities | -102.37% | Due to receipt of minority shareholder investment in the prior year | [2017 Half-Year Performance Outlook](index=7&type=section&id=IV.%20Forecast%20of%20Operating%20Performance%20for%20January-June%202017) The company anticipates stable operating performance for H1 2017, with net profit projected to grow between **0%** and **30%** - The company forecasts a **0.00%** to **30.00%** change in net profit attributable to shareholders for January-June 2017[18](index=18&type=chunk) - Based on **¥153.05 million** net profit in the same period of 2016, the estimated net profit for H1 2017 ranges from **¥153.05 million** to **¥198.96 million**[18](index=18&type=chunk) - The primary reason for the performance change is the company's stable operating performance growth[18](index=18&type=chunk) [Investor Relations Activities](index=7&type=section&id=VIII.%20Record%20of%20Investor%20Research%2C%20Communication%2C%20and%20Interview%20Activities%20During%20the%20Reporting%20Period) The company actively engaged with the capital market, hosting two on-site institutional investor research visits in March 2017 - The company hosted on-site research visits from institutional investors on March 13 and March 21, 2017, respectively[21](index=21&type=chunk)

武汉光迅科技股份有限公司 2016 年年度报告全文 武汉光迅科技股份有限公司 2016 年年度报告 1 股票简称： 光迅科技 股票代码： 002281 披露日期： 2017 年 3 月 9 日 武汉光迅科技股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 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。 公司负责人余少华、主管会计工作负责人毕梅及会计机构负责人(会计主管 人员)毕梅声明：保证年度报告中财务报告的真实、准确、完整。 本年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者注意投资风险。 一、市场风险 光通信行业是光电子器件行业的主要下游行业，其具有一定的周期性特征， 而其周期性变化将会影响到公司未来效益。 二、技术风险 光通信技术的迅速发展，使光电子器件技术和产品也随之不断升级。光电 子器件是构建光通信系统与网络的基础，无论是高速光传输设备、长距离光传 输设备，还是目前最受市场关注的智能光网络，它们的发展都取决于光电子器 件技术进步和产品更新换代的速度。 ...

武汉光迅科技股份有限公司 2016 年第三季度报告正文 证券代码：002281 证券简称：光迅科技 公告编号：（2016）045 武汉光迅科技股份有限公司 2016 年第三季度报告正文 1 武汉光迅科技股份有限公司 2016 年第三季度报告正文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人余少华、主管会计工作负责人毕梅及会计机构负责人(会计主管 人员)毕梅声明：保证季度报告中财务报表的真实、准确、完整。 武汉光迅科技股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 √ 是 □ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年 | | --- | --- | --- | --- | --- | | | | | | 度末增减 | | | | 调整前 | 调整后 | 调整后 | | 总资产（元） | ...

[Important Notice, Table of Contents and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice%2C%20Table%20of%20Contents%20and%20Definitions) The board and management affirm the report's accuracy and completeness, with all directors attending the review, and no dividend distribution or capital increase planned for H1 2016 - The company's board of directors, supervisory board, and all senior management guarantee the truthfulness, accuracy, and completeness of the report content and assume legal responsibility, with all directors attending the review meeting[5](index=5&type=chunk)[6](index=6&type=chunk) - The company plans no cash dividends, bonus shares, or capital reserve conversions for the first half of 2016[7](index=7&type=chunk) [Company Profile](index=5&type=section&id=Item%202.%20Company%20Profile) This section provides basic information about the company, including its stock details and full names Company Basic Information | Item | Content | | :--- | :--- | | **Stock Abbreviation** | Accelink | | **Stock Code** | 002281 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Company Chinese Full Name** | 武汉光迅科技股份有限公司 | | **Company English Full Name** | Accelink Technologies Co,Ltd. | | **Legal Representative** | Yu Shaohua | [Summary of Accounting Data and Financial Indicators](index=7&type=section&id=Item%203.%20Summary%20of%20Accounting%20Data%20and%20Financial%20Indicators) This section presents key financial performance and position indicators for the reporting period [Key Accounting Data and Financial Indicators](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 2016, the company achieved strong growth in operating revenue and net profit attributable to shareholders, both increasing over 35%, while net cash flow from operating activities turned negative, decreasing by 115.98% due to increased procurement, and total assets steadily expanded H1 2016 Key Financial Indicators | Indicator | Current Period | Prior Year (Adjusted) | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (Yuan)** | 1,983,365,101.94 | 1,460,218,991.91 | 35.83% | | **Net Profit Attributable to Shareholders (Yuan)** | 153,048,052.77 | 113,080,384.84 | 35.34% | | **Net Cash Flow from Operating Activities (Yuan)** | -5,128,730.20 | 32,088,809.93 | -115.98% | | **Basic Earnings Per Share (Yuan/share)** | 0.73 | 0.55 | 32.73% | | **Weighted Average Return on Net Assets** | 5.68% | 4.50% | Increased by 1.18 percentage points | | **Total Assets (Yuan)** | 4,881,426,079.63 | 4,211,376,420.54 | 15.91% | | **Net Assets Attributable to Shareholders (Yuan)** | 2,707,736,179.84 | 2,656,071,479.67 | 1.95% | [Non-recurring Gains and Losses](index=8&type=section&id=Non-recurring%20Gains%20and%20Losses) During the reporting period, the company's total non-recurring gains and losses amounted to **25.33 million Yuan**, primarily from government subsidies totaling **22.11 million Yuan** H1 2016 Non-recurring Gains and Losses | Item | Amount (Yuan) | | :--- | :--- | | Gains/losses on disposal of non-current assets | -393,146.71 | | Government subsidies recognized in current profit/loss | 22,106,393.70 | | Other non-operating income and expenses and defined profit/loss items | 8,114,182.87 | | Less: Income tax impact | 4,468,364.48 | | Less: Impact on minority interests (after tax) | 24,603.55 | | **Total** | **25,334,461.83** | [Board of Directors' Report](index=9&type=section&id=Item%204.%20Board%20of%20Directors'%20Report) This section details the company's operational performance, business analysis, and investment activities during the reporting period [Overview of Operations](index=9&type=section&id=Overview%20of%20Operations) In H1 2016, the company's operations improved with stable revenue and net profit growth, strong domestic partnerships, breakthroughs in European and APAC overseas markets, focused R&D on core optoelectronic chips and high-speed modules, and enhanced production capacity through improved coordination and automation - Domestic Market: Maintained strong strategic cooperation with major equipment manufacturers, solidifying market share advantage in mainstream products[28](index=28&type=chunk) - Overseas Market: Stable growth in European transmission and access network demand; breakthrough in the Asia-Pacific market with the fifth-largest global wireless vendor, becoming its first Chinese optical module supplier[28](index=28&type=chunk) - R&D Focus: Concentrated on three key areas: core optoelectronic chips, high-speed hybrid integrated packaging, and high-speed optoelectronic modules, while initiating the active chip R&D center operation project[28](index=28&type=chunk) [Analysis of Main Business](index=9&type=section&id=Analysis%20of%20Main%20Business) During the reporting period, operating revenue grew by **35.83%**, but operating costs increased more significantly by **42.63%**, while R&D investment surged by **63.88%** due to equipment and material outlays, and balance sheet items like accounts receivable, goodwill, and short-term borrowings saw substantial changes due to sales growth, scope changes, and new debt Key Financial Indicator Changes | Statement Item | Current Period (Yuan) | Prior Year (Yuan) | YoY Change | Main Reason for Change | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 1,983,365,101.94 | 1,460,218,991.91 | 35.83% | Increased sales | | **Operating Cost** | 1,551,010,237.60 | 1,087,458,743.84 | 42.63% | Increased costs due to increased sales | | **R&D Investment** | 218,687,938.21 | 133,440,361.41 | 63.88% | Increased investment in R&D equipment and materials | | **Accounts Receivable** | 916,585,382.72 | 621,021,095.69 | 47.59% | Growth in sales revenue and increase in receivables within credit terms | | **Goodwill** | 38,591,269.53 | 6,558,903.83 | 488.38% | Increase in consolidated financial statement scope | | **Short-term Borrowings** | 173,517,524.27 | 22,750,300.20 | 662.70% | Increase in import trade financing | [Composition of Main Business](index=11&type=section&id=Composition%20of%20Main%20Business) The company's main business is communication equipment manufacturing, with a gross profit margin of **21.61%** (down **3.73 percentage points**), driven by **57.79%** growth in 'Access and Data' products despite a **2.05 percentage point** margin decline, while the domestic market, accounting for most revenue, grew **43.02%** but saw a **3.66 percentage point** margin decrease Main Business Composition (by Product) | Product Category | Operating Revenue (Yuan) | YoY Revenue Change | Gross Profit Margin | YoY Gross Profit Margin Change | | :--- | :--- | :--- | :--- | :--- | | **Transmission** | 941,297,185.88 | 23.50% | 27.35% | -3.58% | | **Access and Data** | 969,960,501.55 | 57.79% | 16.02% | -2.05% | | **Other** | 66,889,075.52 | 2.89% | 21.78% | -3.52% | Main Business Composition (by Region) | Region Category | Operating Revenue (Yuan) | YoY Revenue Change | Gross Profit Margin | YoY Gross Profit Margin Change | | :--- | :--- | :--- | :--- | :--- | | **Domestic** | 1,632,325,306.16 | 43.02% | 20.74% | -3.66% | | **International** | 345,821,456.79 | 15.06% | 25.68% | -2.52% | [Analysis of Investment Status](index=11&type=section&id=Analysis%20of%20Investment%20Status) During the reporting period, the company made no new equity, securities, or entrusted investments, with raised funds primarily allocated to the 'Broadband Network Core Optoelectronic Chips and Devices Industrialization Project,' which reached **31.10%** completion due to process optimization and delayed government approvals, while idle funds were used for working capital and bank wealth management products - Total raised funds amounted to **609.60 million Yuan**, with **105.08 million Yuan** invested during the reporting period, and a cumulative investment of **189.59 million Yuan**[45](index=45&type=chunk) - The "Broadband Network Core Optoelectronic Chips and Devices Industrialization Project" achieved **31.10%** investment progress, falling short of the planned schedule due to prolonged process design optimization and delayed government approvals[47](index=47&type=chunk) - The company utilized **200 million Yuan** of idle raised funds to temporarily supplement working capital and purchased bank wealth management products with a portion of idle raised funds[48](index=48&type=chunk)[46](index=46&type=chunk) [2016 Q1-Q3 Operating Performance Forecast](index=17&type=section&id=2016%20Q1-Q3%20Operating%20Performance%20Forecast) The company forecasts stable growth in net profit attributable to shareholders for Q1-Q3 2016, primarily driven by the robust optical communication industry 2016 Q1-Q3 Performance Forecast | Item | Content | | :--- | :--- | | **Net Profit Change Range** | 10.00% to 40.00% | | **Net Profit Range** | 194.92 million Yuan to 248.08 million Yuan | | **2015 Same Period Net Profit** | 177.20 million Yuan | | **Reason for Performance Change** | High prosperity in the optical communication industry, leading to stable growth in the company's operating performance | [Significant Matters](index=19&type=section&id=Item%205.%20Significant%20Matters) This section covers important events including equity incentive adjustments and significant related-party transactions [Implementation of Equity Incentives](index=21&type=section&id=Implementation%20of%20Equity%20Incentives) During the reporting period, the company adjusted its 2014 restricted stock incentive plan, repurchasing and canceling **161,000** unvested restricted shares due to the departure of 10 incentive recipients - Due to the resignation of 10 equity incentive recipients, the company repurchased and canceled **161,000** unvested restricted shares, completing the cancellation procedures on May 6, 2016[73](index=73&type=chunk) [Significant Related-Party Transactions](index=21&type=section&id=Significant%20Related-Party%20Transactions) During the reporting period, the company engaged in ordinary course sales transactions with related party FiberHome Telecommunication Technologies Co, Ltd, totaling **369 million Yuan**, representing **18.62%** of similar transactions and within the approved **450 million Yuan** limit Related-Party Transactions in Ordinary Course of Business | Related Party | Related Transaction Content | Amount Incurred This Period (10,000 Yuan) | Proportion of Similar Transactions | Approved Transaction Limit (10,000 Yuan) | | :--- | :--- | :--- | :--- | :--- | | FiberHome Telecommunication Technologies Co, Ltd | Sales of Goods | 36,933.32 | 18.62% | 45,000 | [Changes in Shares and Shareholder Information](index=27&type=section&id=Item%206.%20Changes%20in%20Shares%20and%20Shareholder%20Information) This section details changes in the company's share capital and the holdings of its major shareholders [Changes in Share Capital](index=27&type=section&id=Changes%20in%20Share%20Capital) During the reporting period, the company's total share capital slightly decreased due to the repurchase and cancellation of **161,000** restricted shares, while the proportion of unrestricted shares significantly increased to **97.03%** following the lifting of restrictions on **23.35 million** shares issued to controlling shareholder FiberHome Technologies on February 1, 2016 - Due to the repurchase and cancellation of restricted shares from 10 departed incentive recipients, the company's total share capital decreased from **209,889,584** shares to **209,728,584** shares[97](index=97&type=chunk)[98](index=98&type=chunk) - **23,351,189** restricted shares issued to controlling shareholder FiberHome Technologies Group were released from restrictions on February 1, 2016, leading to a significant reduction in restricted shares[97](index=97&type=chunk)[101](index=101&type=chunk) [Number of Shareholders and Shareholding Structure](index=28&type=section&id=Number%20of%20Shareholders%20and%20Shareholding%20Structure) As of the end of the reporting period, the company had **15,495** common shareholders, with controlling shareholder FiberHome Technologies Group Co, Ltd holding **45.42%** as the largest shareholder, and other top ten shareholders including institutional investors like Jiangsu Zhongtian Technology Investment, Central Huijin, National Council for Social Security Fund, and various Harvest Fund products Top Five Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | FiberHome Technologies Group Co, Ltd | State-owned Legal Person | 45.42% | 95,249,437 | | Jiangsu Zhongtian Technology Investment Management Co, Ltd | Domestic Non-state-owned Legal Person | 6.04% | 12,672,770 | | National Council for Social Security Fund 503 Portfolio | Domestic Non-state-owned Legal Person | 1.92% | 4,030,000 | | Central Huijin Asset Management Co, Ltd | State-owned Legal Person | 1.22% | 2,556,500 | | Bank of China - Harvest Growth Income Fund | Domestic Non-state-owned Legal Person | 1.13% | 2,376,814 | [Information on Preferred Shares](index=30&type=section&id=Item%207.%20Information%20on%20Preferred%20Shares) This section confirms the absence of preferred shares during the reporting period - The company had no preferred shares during the reporting period[108](index=108&type=chunk) [Information on Directors, Supervisors, and Senior Management](index=31&type=section&id=Item%208.%20Information%20on%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) This section details the shareholding status and changes in the company's board and management - There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period[110](index=110&type=chunk) - Board of directors' composition changed: Mr. Xu Jie resigned as director due to work changes, and Mr. Wu Haibo was elected as a new director[111](index=111&type=chunk) [Financial Report](index=32&type=section&id=Item%209.%20Financial%20Report) This section encompasses the company's financial statements, accounting policies, and detailed notes to the consolidated financial statements [Financial Statements](index=32&type=section&id=Financial%20Statements) This chapter presents the company's unaudited H1 2016 consolidated and parent company financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity, comprehensively reflecting the company's financial position, operating results, and cash flows for the period - The company's H1 2016 financial report is unaudited[114](index=114&type=chunk) [Company Overview and Accounting Policies](index=54&type=section&id=Company%20Overview%20and%20Accounting%20Policies) This chapter outlines the company's history, business scope, and main products, detailing the accounting standards, going concern assumption, and significant accounting policies and estimates used in financial statement preparation, with the company operating in the communication equipment manufacturing industry, its parent being FiberHome Technologies Group Co, Ltd, and its ultimate controller being Wuhan Research Institute of Post and Telecommunications - The company operates in the communication equipment manufacturing industry, with main products including optical fiber amplifiers, DWDM, optical connectors, optical modules, and other active and passive optical components[166](index=166&type=chunk)[167](index=167&type=chunk) - During the reporting period, the company's share capital decreased by **161,000** shares due to the repurchase and cancellation of certain restricted shares, changing its registered capital to **209,728,584.00 Yuan**[165](index=165&type=chunk) [Notes to Consolidated Financial Statement Items](index=73&type=section&id=Notes%20to%20Consolidated%20Financial%20Statement%20Items) This chapter provides detailed notes on key consolidated financial statement items, covering the composition, changes, and risk analysis of items from cash and cash equivalents to major assets (accounts receivable, inventories), liabilities (short-term borrowings, accounts payable), and revenue and costs, noting significant accounts receivable and inventory balances, and increased goodwill due to business combinations [Accounts Receivable](index=73&type=section&id=Accounts%20Receivable) As of period-end, accounts receivable book value was **917 million Yuan**, a **47.59%** increase from the beginning of the period, with **99.79%** of accounts receivable provisioned for bad debts based on credit risk characteristics, and related party FiberHome Telecommunication Technologies Co, Ltd being the largest debtor with a balance of **203 million Yuan** Accounts Receivable Aging Analysis | Aging | Period-End Balance (Yuan) | Bad Debt Provision (Yuan) | | :--- | :--- | :--- | | Within 1 year | 666,222,383.46 | 6,662,223.83 | | 1 to 2 years | 40,646,427.99 | 1,219,392.84 | | Over 2 years | 19,324,571.20 | 7,325,638.37 | | **Total** | **726,193,382.64** | **15,207,257.74** | [Inventories](index=78&type=section&id=Inventories) Period-end inventory book value significantly increased to **1.43 billion Yuan** from **1.14 billion Yuan** at the beginning of the period, primarily comprising raw materials, work-in-progress, and finished goods, with finished goods being the largest component, and an inventory impairment provision of **84.48 million Yuan** recognized at period-end Inventory Composition | Item | Period-End Book Value (Yuan) | Period-Beginning Book Value (Yuan) | | :--- | :--- | :--- | | Raw Materials | 278,333,154.16 | 182,933,808.05 | | Work-in-Progress | 399,921,986.99 | 148,279,963.61 | | Finished Goods | 750,399,838.37 | 806,037,275.45 | | **Total** | **1,432,879,633.42** | **1,138,503,456.12** | [Goodwill](index=84&type=section&id=Goodwill) Period-end goodwill original book value significantly increased to **38.59 million Yuan** from **6.56 million Yuan** at the beginning of the period, primarily due to **32.03 million Yuan** in new goodwill arising from the current period's merger with Almae Technologies Co, Ltd - New goodwill of **32,032,365.70 Yuan** was recognized in the current period due to the merger with Almae Technologies Co, Ltd[301](index=301&type=chunk) [Changes in Consolidation Scope](index=97&type=section&id=Changes%20in%20Consolidation%20Scope) During the reporting period, the company underwent a business combination under common control, incorporating Dalian Canglong Optoelectronics Technology Co, Ltd into its consolidation scope, as both companies share Wuhan Research Institute of Post and Telecommunications as their ultimate controlling party - Dalian Canglong Optoelectronics Technology Co, Ltd was included in the consolidation scope in the current period as a business combination under common control, with the consolidation date being June 30, 2016[402](index=402&type=chunk) [Related Parties and Related-Party Transactions](index=103&type=section&id=Related%20Parties%20and%20Related-Party%20Transactions) The company's parent is FiberHome Technologies Group Co, Ltd, with Wuhan Research Institute of Post and Telecommunications as the ultimate controlling party, and during the reporting period, the company engaged in related-party transactions, including significant sales to FiberHome Telecommunication Technologies Co, Ltd, and had an equity entrustment relationship with an affiliated fund - Sales of goods to FiberHome Telecommunication Technologies Co, Ltd amounted to **369 million Yuan** in the current period[429](index=429&type=chunk) - The company was entrusted with managing the equity of Dalian Canglong Optoelectronics Technology Co, Ltd held by Wuhan Canglong Optoelectronics Equity Investment Fund Partnership (Limited Partnership), recognizing **50,000 Yuan** in management fees this period[432](index=432&type=chunk) [Documents Available for Inspection](index=112&type=section&id=Item%2010.%20Documents%20Available%20for%20Inspection) This section lists documents available for investor review - The report concludes with a list of documents available for investor review[10](index=10&type=chunk)

[Report Overview](index=1&type=section&id=%E6%8A%A5%E5%91%8A%E6%A6%82%E8%A7%88) This report presents the 2016 First Quarter financial and operational highlights for Accelink Technologies Co., Ltd - This report is the full text of the 2016 First Quarter Report of Accelink Technologies Co., Ltd., stock code **002281**, stock abbreviation Accelink[1](index=1&type=chunk) [Section I Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's management and accounting personnel affirm the truthfulness, accuracy, and completeness of the quarterly report and financial statements - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility[4](index=4&type=chunk) - Company head Lu Guoqing, head of accounting Wu Haibo, and head of accounting department Bi Mei declare and guarantee the truthfulness, accuracy, and completeness of the financial statements[5](index=5&type=chunk) [Section II Key Financial Data and Shareholder Changes](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%8F%8A%E8%82%A1%E4%B8%9C%E5%8F%98%E5%8C%96) This section details the company's financial performance, asset and liability status, and shareholder structure during the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company experienced significant year-on-year growth in operating revenue and net profit, despite a negative and widening net cash flow from operating activities, while total assets and net assets increased 2016 First Quarter Key Financial Data | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 984,454,956.95 | 718,932,449.05 | 36.93% | | Net Profit Attributable to Shareholders of Listed Company | 73,660,091.23 | 41,569,250.53 | 77.20% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains and Losses) | 56,540,321.23 | 39,658,877.72 | 42.57% | | Net Cash Flow from Operating Activities | -68,699,827.68 | -13,077,520.90 | 425.33% | | Basic Earnings Per Share (Yuan/share) | 0.35 | 0.19 | 84.21% | | Diluted Earnings Per Share (Yuan/share) | 0.35 | 0.19 | 84.21% | | Weighted Average Return on Net Assets | 2.73% | 1.68% | 1.05% | Balance Sheet Data at the End of the Reporting Period | Indicator | End of Current Reporting Period (Yuan) | End of Prior Year (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 4,688,375,571.38 | 4,215,440,509.41 | 11.22% | | Net Assets Attributable to Shareholders of Listed Company | 2,734,947,756.98 | 2,654,023,744.14 | 3.05% | Non-Recurring Gains and Losses Items and Amounts | Item | Amount from Year-Beginning to End of Reporting Period (Yuan) | Explanation | | :--- | :--- | :--- | | Gains or losses from disposal of non-current assets | -128,127.80 | | | Government subsidies recognized in current profit or loss | 19,765,564.71 | | | Other non-operating income and expenses apart from the above | 294,505.23 | | | Other profit and loss items that meet the definition of non-recurring gains and losses | 234,447.95 | | | Less: Income tax impact | 3,046,620.09 | | | Total | 17,119,770.00 | -- | [Total Number of Shareholders and Top Ten Shareholders' Holdings at the End of the Reporting Period](index=4&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had **18,678** common shareholders, with Wuhan FiberHome Technologies Group Co., Ltd. as the largest shareholder holding **45.38%** of unrestricted shares - At the end of the reporting period, the total number of common shareholders was **18,678**, with no preferred shareholders whose voting rights have been restored[12](index=12&type=chunk) - Wuhan FiberHome Technologies Group Co., Ltd. is the largest shareholder, holding **45.38%** of shares, with **95,249,437** unrestricted RMB common shares[12](index=12&type=chunk) - Among the top 10 common shareholders, Bao Yinsheng holds **1,915,324** shares through a margin account[13](index=13&type=chunk) [Section III Significant Events](index=6&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers the fulfillment of prior commitments, the performance forecast for the first half of 2016, and other material events [Fulfillment of Commitments](index=6&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) The controlling shareholder and actual controller have fulfilled or are strictly implementing all commitments made during previous corporate actions, including share lock-up, performance compensation, and operational independence - Wuhan FiberHome Technologies Group Co., Ltd.'s **36-month** share lock-up commitment for Accelink Technologies shares acquired through asset subscription in asset restructuring has been fulfilled[16](index=16&type=chunk) - Wuhan FiberHome Technologies Group Co., Ltd.'s performance compensation commitment for the target assets of asset restructuring failing to meet promised net profit has been fulfilled[16](index=16&type=chunk) - Wuhan Research Institute of Post & Telecommunications and Wuhan FiberHome Technologies Group Co., Ltd.'s commitments regarding avoiding horizontal competition, regulating related-party transactions, and ensuring the independent operation of the listed company, with a commitment period for the company's operating duration, are currently being strictly implemented[16](index=16&type=chunk)[17](index=17&type=chunk)[18](index=18&type=chunk) [2016 First Half Performance Forecast](index=9&type=section&id=%E5%9B%9B%E3%80%81%E5%AF%B9%202016%20%E5%B9%B4%201-6%20%E6%9C%88%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company anticipates a **0.00% to 50.00%** increase in net profit attributable to shareholders for the first half of 2016, driven by stable operations and steady performance growth 2016 January-June Performance Forecast | Indicator | Forecast Range | January-June 2015 (10,000 Yuan) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders Change Range | 0.00% to 50.00% | | | Net Profit Attributable to Shareholders Change Range (10,000 Yuan) | 11,449.84 to 17,174.75 | 11,449.84 | - The reason for performance change is attributed to the company's relatively stable operating conditions and steady performance growth[20](index=20&type=chunk) [Other Significant Events](index=9&type=section&id=%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) During the reporting period, the company reported no financial assets measured at fair value, no irregular external guarantees, no non-operating fund occupation by related parties, and no investor engagement activities - The company had no financial assets measured at fair value during the reporting period[21](index=21&type=chunk) - The company had no irregular external guarantees during the reporting period[21](index=21&type=chunk) - There was no non-operating fund occupation by controlling shareholders or their related parties of the listed company during the reporting period[22](index=22&type=chunk) - The company did not receive any research, communication, or interview activities during the reporting period[23](index=23&type=chunk)

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