武汉光迅科技股份有限公司 2018 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：（2018）047 武汉光迅科技股份有限公司 2018 年第三季度报告正文 1 武汉光迅科技股份有限公司 2018 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)向明声明：保证季度报告中财务报表的真实、准确、完整。 2 武汉光迅科技股份有限公司 2018 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 6,037,637,884.04 | | 5,162,735,323.37 | ...

武汉光迅科技股份有限公司 2018 年半年度报告全文 武汉光迅科技股份有限公司 2018 年半年度报告 股票简称： 光迅科技 股票代码： 002281 披露日期： 2018 年 8 月 25 日 武汉光迅科技股份有限公司 2018 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)向明声明：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。 本报告中涉及的未来计划、发展战略等前瞻性描述不构成对投资者的实质 承诺，敬请投资者注意风险。 公司面临的重大风险主要包括研究与开发风险、海外市场风险等，请投资 者予以关注。本报告已对上述风险进行描述与分析，请投资者认真阅读本报告 "第四节 经营情况讨论与分析'十、公司面临的风险和应对措施'"，并特别注 意上述风险因素。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 $$\mathbf{H}={\o ...

武汉光迅科技股份有限公司 2017 年年度报告全文 武汉光迅科技股份有限公司 2017 年年度报告 股票简称： 光迅科技 股票代码： 002281 披露日期： 2018 年 4 月 26 日 1 武汉光迅科技股份有限公司 2017 年年度报告全文 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。 所有董事均已出席了审议本报告的董事会会议。 一、技术更新换代的风险 通信技术的升级驱动了最基础的传输网络更新与升级，也对光通信系统设 备的性能提出了更高要求，最终促使光电子器件技术和产品的不断升级。光电 子器件技术和产品的升级一方面不断为光电子器件市场带来新的机遇，另一方 面也给光电子器件厂商带来了较大的挑战，如果公司在科研开发上投入不足， 技术和产品升级跟不上光通信技术升级的步伐，公司的竞争力将会下降，持续 发展将受到不利影响。 二、行业投资周期性波动风险 电 ...

1 武汉光迅科技股份有限公司 2018 年第一季度报告正文 第一节 重要提示 武汉光迅科技股份有限公司 2018 年第一季度报告正文 证券代码：002281 证券简称：光迅科技 公告编号：（2018）017 武汉光迅科技股份有限公司 2018 年第一季度报告正文 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 武汉光迅科技股份有限公司 2018 年第一季度报告正文 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 | | 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） | 1,207,181,301. ...

武汉光迅科技股份有限公司 2017 年第三季度报告全文 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。 武汉光迅科技股份有限公司 所有董事均已出席了审议本次季报的董事会会议。 2017 年第三季度报告 2017 年 10 月 1 武汉光迅科技股份有限公司 2017 年第三季度报告全文 第一节 重要提示 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 | | | | | | 调整前 | | 调整后 | | 调整后 | | | 总资产（元） | | 4,993,691,132.02 | 4,816,992,283. ...

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)