Financial Performance - The company's operating revenue for Q1 2020 was ¥950,826,350.12, a decrease of 8.68% compared to ¥1,041,206,529.78 in the same period last year[10] - Net profit attributable to shareholders was ¥85,116,929.93, representing a 45.63% increase from ¥58,446,486.69 year-on-year[10] - Basic earnings per share increased by 50.00% to ¥0.03, compared to ¥0.02 in the same period last year[10] - The net profit attributable to shareholders of the listed company increased by 45.63% to ¥85,116,929.93 compared to the previous period[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 46.69% to ¥83,490,589.62, driven by improved product structure and increased gross profit[25] - The total operating revenue for the current period is 878,815,585.72 CNY, a decrease of 6.43% compared to 939,315,805.37 CNY in the previous period[99] - The net profit for the current period is 84,945,489.36 CNY, representing an increase of 46.5% from 58,004,439.34 CNY in the previous period[94] - The total comprehensive income for the current period is -42,945,937.51 CNY, a significant decrease from 70,187,641.84 CNY in the previous period[98] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 46.93% to ¥11,443,191.54, down from ¥21,561,663.92 in the previous year[10] - The cash flow from operating activities decreased by 46.93% to ¥11,443,191.54, primarily due to reduced cash received from sales compared to the previous period[25] - Cash and cash equivalents at the end of the period amounted to ¥912,462,366.23, slightly down from ¥885,294,113.54 in the previous period[112] - Cash flow from financing activities generated a net inflow of ¥6,333,160.00, compared to a net outflow of -¥160,425,900.04 in the previous period[112] - The total cash outflow for operating activities was ¥1,486,933,872.18, up from ¥1,251,762,083.63 in the previous period, indicating higher operational costs[109] - The company reported a decrease in cash flow from operating activities, which was ¥40,692,875.45, compared to ¥9,306,689.51 in the previous period, highlighting a need for improved operational efficiency[113] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,429,026,438.78, an increase of 1.10% from ¥6,359,097,561.71 at the end of the previous year[10] - The total liabilities increased to CNY 1,439,764,020.11 from CNY 1,305,440,889.71, reflecting a growth of about 10.3%[76] - The total equity attributable to shareholders of the parent company decreased to CNY 4,973,330,333.37 from CNY 5,037,572,220.31, a decline of approximately 1.3%[79] - The company's inventory increased to CNY 1,510,771,159.75 from CNY 1,298,144,545.33, reflecting a rise of approximately 16.3%[70] - The company's short-term borrowings surged by 3066.58% to ¥6,333,160.00, mainly due to increased trade financing in Australian dollars[25] Government Support and Subsidies - The company received government subsidies amounting to ¥2,114,460.27 during the reporting period[10] - Other income rose by 68.80% to ¥2,114,460.27, mainly due to an increase in government subsidies received[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 143,513[14] - The largest shareholder, Qingdao Hanhe Group Co., Ltd., held 66.56% of the shares, totaling 2,214,408,016 shares[14] Compliance and Governance - The company has no direct or indirect involvement in businesses that compete with its main operations[44] - The company will ensure that its controlled entities do not engage in any business activities that compete with its main operations[44] - The company has promised to maintain independent operations and financial accounting, ensuring complete separation from its controlled entities[47] - The company has committed to not engaging in related party fund transactions, relying on its own funds or bank loans for operational needs[44] - The company will provide written notice to Hanlan Co. regarding any business opportunities that may compete with its main operations[44] - The company has made commitments regarding avoiding competition and related party transactions, which are being strictly adhered to[44][47] Investments and Acquisitions - The company completed the acquisition of a 34.26% stake in Shanghai Hengjin Power Technology Co., Ltd. for ¥26 million, enhancing its market position[29] - The company will conduct special audits of Shanghai Hengjin's performance annually and compensate for any shortfall in net profit as per the agreement[51][53] Risk Management - The company has implemented risk control measures for its futures hedging business, which include strict monitoring of positions and compliance with internal management systems[62] - The company has established a robust organizational structure for its futures hedging business, ensuring compliance with relevant laws and regulations[62] Other Financial Metrics - The company's long-term equity investments increased to CNY 407,057,358.83 from CNY 393,386,709.79, marking a growth of approximately 3.5%[73] - The credit impairment loss increased by 185.31% to ¥8,421,257.22, reflecting higher provisions for accounts receivable compared to the previous period[28] - The company incurred a credit impairment loss of 8,421,257.22 CNY, compared to 2,951,570.57 CNY in the previous period[94]

Financial Performance - Operating revenue increased by 45.34% to CNY 1,833,164,338.56 for the reporting period[10] - Net profit attributable to shareholders increased by 158.68% to CNY 167,097,880.14 for the reporting period[10] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 83.39% to CNY 148,379,623.45 for the reporting period[10] - Basic earnings per share increased by 150.00% to CNY 0.05 for the reporting period[10] - The weighted average return on net assets increased to 3.42%, up from 2.04% in the previous year[10] - The net profit attributable to shareholders increased by 154.33% to ¥363,277,034.02 from ¥142,835,473.55, primarily due to improved product mix and increased gross profit[24] - The net profit after deducting non-recurring gains and losses rose by 85.07% to ¥342,175,705.07 from ¥184,886,821.28, driven by higher product gross margins and reduced losses from futures hedging transactions[24] - Basic earnings per share increased by 175.00% to ¥0.11 from ¥0.04, attributed to the rise in profits[24] - Net profit for the current period was ¥167,359,224.36, compared to ¥64,586,448.10 in the previous period, representing a year-over-year increase of 159.5%[89] - The net profit attributable to the parent company was ¥363,277,034.02, up from ¥142,835,473.55, representing a growth of 154.5%[110] Assets and Liabilities - Total assets decreased by 13.40% to CNY 5,753,461,948.17 compared to the end of the previous year[10] - Cash and cash equivalents decreased by 57.42% to ¥437,577,958.33 from ¥1,027,778,613.90, influenced by changes in cash flow items[24] - The total liabilities decreased significantly, with accounts payable dropping by 75.90% to ¥268,383,948.15 from ¥1,113,735,488.79, due to changes in accounting for futures business[27] - Total liabilities decreased from ¥1,941,949,843.90 in December 2018 to ¥808,123,437.39 in September 2019, a reduction of approximately 58.3%[72] - The company's total assets decreased to ¥5,166,687,339.44 from ¥6,236,150,563.53, a decline of 17.1%[85] - Total liabilities also decreased to ¥666,783,697.19 from ¥1,873,345,014.31, a reduction of 64.4%[85] - The total liabilities as of the reporting date were CNY 1,941,949,843.90, with current liabilities totaling CNY 1,835,970,087.46[143] Cash Flow - Cash flow from operating activities decreased by 72.18% to CNY 76,262,454.14 for the reporting period[10] - The company reported a cash inflow from operating activities of ¥4,484,468,288.59, compared to ¥3,741,042,053.84 in the previous period, an increase of 19.9%[119] - Cash outflow from operating activities was CNY 4,074,756,694.70, compared to CNY 3,131,198,372.47 in the prior period, indicating an increase of about 30.2%[130] - Net cash flow from operating activities was negative CNY 169,094,894.13, worsening from negative CNY 123,937,955.53 year-over-year[130] - Cash inflow from financing activities was CNY 130,000,000.00, down from CNY 1,189,437,146.41 in the prior period, a decline of approximately 89.1%[130] Shareholder Information - The total number of shareholders at the end of the reporting period was 123,908[14] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[57] - There were no violations regarding external guarantees during the reporting period[56] Future Outlook and Strategy - The company expects a net profit increase of over 50% year-on-year for 2019, with a projected net profit range of RMB 380 million to RMB 480 million, compared to RMB 221.37 million in 2018[53] - The estimated net profit growth rate for 2019 is between 71.66% and 116.83%[53] - The company plans to expand production capacity and enhance market competitiveness and share of key products[53] - The company aims to strengthen international market development and optimize production and sales structure[53] - Cost control and improved capital efficiency are key strategies to mitigate the impact of intense market competition and raw material price fluctuations[53] Research and Development - Research and development expenses for the current period were ¥74,637,484.07, compared to ¥63,295,987.03, an increase of 17.0%[86] - Research and development expenses rose to CNY 55,333,199.03, a 64.3% increase from CNY 33,704,154.22 in the previous period[97] - Research and development expenses amounted to ¥129,456,274.10, an increase from ¥118,905,762.52, reflecting a growth of 31.5%[114] Compliance and Governance - The company has committed to avoiding any direct or indirect competition with its main business activities[44] - The company has a strict commitment to fulfill its promises regarding related party transactions and fund usage[44] - The company will notify of any business opportunities that may conflict with its main business activities[44] - The company has implemented measures to ensure operational independence from its controlling shareholders[50] - The company has committed to maintaining regulatory operations and ensuring independence in personnel, assets, finance, and business[50]

证券代码：002498 证券简称：汉缆股份 公告编号：2019-033 青岛汉缆股份有限公司 关于参加投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，构建和谐投资 者关系，青岛汉缆股份有限公司（以下简称"公司"）将参 加由青岛证监局、青岛市上市公司协会、上证所信息网络有 限公司共同举办的"2019 年青岛辖区上市公司投资者网上 集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将在上证所信息网络有限公司提 供的平台举行，投资者可以登录"上证路演中心"网站 （http://roadshow.sseinfo.com）或关注微信公众号：上 证路演中心，参与公司本次投资者集体接待日活动，活动时 间为 2019 年 9 月 20 日（星期五）下午 15:00 至 17:00。届 时公司财务总监刘建军先生、公司董事会秘书、副总经理王 正庄先生将通过网络在线交流形式与投资者就公司治理、发 展战略、经营状况、融资计划、股权激励和可持续发展等投 资者关注的问题进行沟通。 欢迎广大投资者积极参与。 特此 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,614,758,539.56, representing a 4.57% increase compared to CNY 2,500,487,460.94 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached CNY 196,179,153.88, a significant increase of 150.75% from CNY 78,238,139.64 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 193,796,084.62, up 86.38% from CNY 103,978,223.01 in the same period last year[23]. - The basic earnings per share increased to CNY 0.06, a 200.00% rise compared to CNY 0.02 in the previous year[23]. - The company reported a significant increase in sales expenses by 20.83% to CNY 127,938,189.63, compared to CNY 105,882,177.88 last year[56]. - The company reported a significant decrease in net profit, with a drop of 98.46% in the reporting period[71]. - The net profit attributable to shareholders for the third quarter of 2019 is projected to be between 6,460,000 and 10,382,000 RMB[83]. - The company expects a net profit increase of over 50% for the period from January to September 2019, with an estimated range of 30,000,000 to 37,000,000 RMB[83]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,655,457,775.19, down 14.87% from CNY 6,643,392,505.44 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 4,744,159,498.74, showing a slight increase of 1.01% from CNY 4,696,833,734.11 at the end of the previous year[23]. - The company's total assets at the end of the reporting period were CNY 5,655 million, a decrease of 14.87% from the beginning of the year[46]. - The company's cash and cash equivalents at the end of the reporting period amounted to approximately RMB 426 million, representing 7.53% of total assets[64]. - The accounts receivable increased to approximately RMB 2.31 billion, accounting for 40.93% of total assets[64]. - The company's total assets decreased to CNY 5,056,838,943.22 as of June 30, 2019, from CNY 6,236,150,563.53 at the end of 2018[190]. - The total liabilities decreased significantly to CNY 702,705,411.47 in the first half of 2019, down from CNY 1,873,345,014.31 at the end of 2018, reflecting a reduction of approximately 62.5%[190]. Cash Flow - The net cash flow from operating activities was negative at CNY -199,906,367.06, an improvement of 48.58% compared to CNY -388,796,310.88 in the same period last year[23]. - The net cash flow from operating activities improved by 48.58%, reaching -CNY 199,906,367.06, compared to -CNY 388,796,310.88 in the same period last year[56]. - The cash and cash equivalents decreased to CNY 204,127,552.85 from CNY 843,990,163.85, a decline of about 75.8%[184]. Research and Development - The company has increased its investment in R&D for new products and technologies, focusing on optimizing existing products to enhance quality and market position[33]. - Research and development investment rose by 6.77% to CNY 104,023,740.33, up from CNY 97,430,371.23 in the previous year[56]. - The company established a national high voltage and ultra-high voltage cable technology research center, enhancing its R&D capabilities and stability[47]. - The company aims to enhance its R&D efforts and maintain technological advantages to adapt to rapid industry changes[87]. Market Presence and Strategy - The company signed a framework agreement to acquire 34.26% of Shanghai Hengjing Power Technology Co., which will enhance its presence in the fuel cell technology and related new energy products sector[33]. - The company has established subsidiaries in the Middle East and the United States to expand its international market presence[33]. - The company focused on expanding its market presence, particularly in offshore wind power projects and high-performance cables, resulting in several major project wins[52]. - The company maintains a strong competitive position in the high-voltage and ultra-high-voltage cable market, with increased market share in key products such as submarine cables and ultra-high-voltage conductors[33]. - The company is committed to expanding both domestic and international markets while optimizing its product structure[86]. Shareholder Information - The annual shareholders' meeting had a participation rate of 66.71% on May 22, 2019[91]. - The company plans not to distribute cash dividends or bonus shares for the half-year period[91]. - The total number of ordinary shareholders at the end of the reporting period is 133,959[148]. - The largest shareholder, Qingdao Hanhua Group Co., Ltd., holds 66.56% of the shares, totaling 2,214,408,016 shares[148]. Risks and Compliance - The company faces risks from raw material price fluctuations, particularly for copper, which significantly impacts production costs[87]. - The company has strictly fulfilled its commitments regarding competition and related transactions as of November 22, 2011[92]. - The company has not engaged in any business activities that compete with its main business operations[102]. - The company has committed to avoiding any direct or indirect involvement in competing businesses after the completion of acquisitions[102]. - The company has ensured that its controlled entities do not engage in competitive business activities[102].

Financial Performance - The company's operating revenue for 2018 was ¥5,568,183,760.11, representing a 17.35% increase compared to ¥4,744,989,890.50 in 2017[23] - The net profit attributable to shareholders for 2018 was ¥221,373,378.05, a decrease of 11.50% from ¥250,137,824.68 in 2017[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥286,736,543.25, showing a significant increase of 159.62% compared to ¥110,444,826.80 in 2017[23] - The net cash flow from operating activities improved to ¥532,983,585.71, a 272.82% increase from a negative cash flow of ¥308,411,246.14 in 2017[23] - The total assets at the end of 2018 were ¥6,643,392,505.44, reflecting a 6.73% increase from ¥6,224,691,420.89 at the end of 2017[23] - The net assets attributable to shareholders increased by 1.44% to ¥4,696,833,734.11 from ¥4,630,276,606.55 in 2017[23] - The basic earnings per share for 2018 was ¥0.07, down 12.50% from ¥0.08 in 2017[23] - The diluted earnings per share also stood at ¥0.07, a decrease of 12.50% compared to ¥0.08 in the previous year[23] - The weighted average return on equity for 2018 was 4.74%, down from 6.14% in 2017[23] Cash Dividends - The company plans to distribute a cash dividend of ¥0.36 per 10 shares, based on a total of 3,326,796,000 shares[7] - The total cash dividend for 2018 amounted to ¥119,764,656, representing 54.10% of the net profit attributable to ordinary shareholders[153] - The cash dividend per 10 shares is ¥0.36, with a total share base of 3,326,796,000 shares[154] - The cash dividend accounted for 100% of the distributable profit of ¥863,791,655.97 for the year[157] - The company has maintained a cash dividend payout ratio of at least 80% during its mature development stage[157] - The cash dividend for 2017 was also ¥119,764,656, but it represented a lower payout ratio of 47.88% compared to 2018[153] - The cash dividend for 2016 was consistent at ¥119,764,656, with a payout ratio of 28.74%[153] Investments and Acquisitions - The company sold 100% equity of Qingdao Hancable Private Capital Management Co., Ltd. to accelerate technology transformation and establish a high-performance cable material R&D base[38] - A joint investment was made with the Chinese Academy of Sciences to set up Qingdao Zhongke Hancable Polymer Materials Co., Ltd., aiming to enhance profit growth and core competitiveness[38] - The company established a new subsidiary, Qingdao Zhongke Hancable Polymer Materials Co., Ltd., with a registered capital of 33.6 million CNY, which was included in the consolidated financial statements from July 19, 2018[75] - The company completed the sale of its 100% stake in Qingdao Hancable Private Capital Management Co., Ltd. for approximately 336.41 million CNY, losing control over this subsidiary from February 2018[74] - The company acquired a 70% stake in Qingdao Zhongke Hancable Polymer for 23,520,000.00 yuan, focusing on high-performance cable materials[110] Research and Development - The company is currently engaged in 21 major R&D projects, including the development of DC cable materials and water tree-resistant cable materials, with total investments of 8 million CNY and 3 million CNY respectively[81] - The company's R&D investment for 2018 amounted to ¥229,801,102.37, an increase of 4.68% from ¥219,523,969.29 in 2017, with R&D expenditure accounting for 4.13% of operating revenue[93] - The number of R&D personnel increased to 317 in 2018, up from 316 in 2017, representing a 0.32% increase[93] - The company has made significant progress in R&D for new materials and technologies, focusing on enhancing cable performance and durability for nuclear applications[90] Market and Sales Performance - The revenue from power cables accounted for 76.08% of total revenue, amounting to ¥4,236,466,844.78, with a year-on-year growth of 24.22%[62] - The company achieved total operating revenue of 5,568.18 million yuan in 2018, an increase of 17.35% compared to the previous year[50] - The company reported a significant increase in sales volume for power cables, reaching 209,957.38 kilometers, a 9.97% increase from 2017[66] - The company expanded its market presence by winning significant domestic projects, including the 1000KV AC ultra-high voltage project in Shandong and the 500KV cable system project in Anhui[56] - Internationally, the company secured contracts for projects such as the 2*1050MW power station in Indonesia and the gas power station in Pakistan[56] Financial Position and Ratios - The asset-liability ratio stood at 29.23%, indicating a strong debt repayment capability[50] - The gross profit margin for the period was 18.34%, an increase of 2.75% from the previous year[51] - The company reported total sales of 1.02 billion CNY from its top five customers, representing 18.32% of annual sales, with the largest customer contributing 334.73 million CNY (6.01%) to total sales[76] - Total procurement from the top five suppliers was 2.71 billion CNY, making up 60.56% of annual procurement, with the largest supplier accounting for 1.34 billion CNY (30.03%) of the total[79] Challenges and Industry Outlook - The cable industry faces significant challenges, including overcapacity and rising costs, while the company is actively optimizing investment channels to improve asset management and performance[40] - The cable industry in China accounts for 25% of the domestic electrical industry output value, making it the second largest industry after the automotive sector[127] - The industry has seen rapid growth, but faces challenges such as low concentration and homogeneous competition among enterprises[127] - The government has initiated a comprehensive rectification of cable production companies, shifting the focus from scale competition to quality and brand credibility[127] Corporate Governance and Compliance - The company has committed to avoiding any direct or indirect competition with its main business activities[158] - The company has a continuous commitment to fulfill its promises regarding related party transactions and fund occupation[158] - The company has not planned any significant capital expenditures that would affect its dividend distribution strategy[157] - The company has maintained compliance with accounting standards, with no significant errors requiring restatement during the reporting period[182] - The company has not faced any major litigation or arbitration matters during the reporting period[188] Employee and Talent Development - The company is committed to enhancing talent development through partnerships with professional institutions and implementing comprehensive training programs[134] - The company continues to enhance its compensation system by linking employee salaries to company profits, implementing a departmental salary package system to boost overall employee motivation[136]

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,041,206,529.78, a decrease of 11.75% compared to ¥1,179,790,957.02 in the same period last year[10] - Net profit attributable to shareholders was ¥58,446,486.69, representing a 45.39% increase from ¥40,200,679.63 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥56,915,711.25, up 65.50% from ¥34,390,974.29 in the previous year[10] - Basic and diluted earnings per share both increased to ¥0.02, doubling from ¥0.01 in the previous year[10] - The net profit attributable to shareholders of the listed company increased to ¥58,446,486.69, a rise of 45.39% compared to the previous period's ¥40,200,679.63, primarily due to increased product gross profit and futures income[26] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥56,915,744.25, reflecting a significant increase of 65.50% from ¥34,390,974.29 in the prior period, driven by improved product structure and total gross profit[26] - The net profit for the first half of 2019 is expected to be positive, with a year-on-year increase of over 50%[47] - The estimated net profit attributable to shareholders for the first half of 2019 is projected to be between 160 million and 198 million yuan, compared to 78.24 million yuan in the same period of 2018, representing a growth range of 104.50% to 153.07%[47] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥21,561,663.92, compared to a negative cash flow of ¥103,172,511.83 in the same period last year, marking a 120.90% increase[10] - The net cash flow from operating activities was ¥21,561,663.92, a remarkable turnaround of 120.90% from a negative cash flow of -¥103,172,511.83 in the previous period, attributed to increased cash receipts from sales of goods and services[26] - Cash and cash equivalents at the end of the period were CNY 885,294,113.54, compared to CNY 365,093,136.62 at the end of the same quarter last year, showing a significant increase[98] - The company recorded a total of CNY 130,100,700.00 in cash inflows from financing activities, a notable increase from CNY 13,508,990.05 in the previous year[98] - Total cash inflow from investing activities amounted to 334,468,154.00, while cash outflow was only 692,150.00, resulting in a net cash flow of 334,434,200.96[105] - Cash inflow from financing activities was 130,000,000.00, compared to 13,508,990.05 in the previous period, indicating a substantial increase[105] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,675,526,830.81, down 14.57% from ¥6,643,392,505.44 at the end of the previous year[10] - The company's total liabilities decreased by 55.44% to ¥55,915,719.18 from ¥125,474,381.15, primarily due to loan repayments during the reporting period[26] - Total current assets decreased from ¥5,397,742,288.76 to ¥4,414,433,049.18, a decline of approximately 18.3%[61] - Total non-current assets increased slightly from ¥1,245,650,216.68 to ¥1,261,093,781.63, an increase of about 1.2%[61] - Total liabilities decreased from ¥1,941,949,843.90 to ¥903,896,527.43, a decline of approximately 53.5%[64] - The company's total liabilities decreased to ¥793,774,298.16 from ¥1,873,345,014.31, a reduction of 57.6%[78] - The total assets decreased to ¥5,217,345,983.59 from ¥6,236,150,563.53, a decline of 16.4%[77] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 134,147, with the largest shareholder holding 66.56% of the shares[14] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[21] Operational Efficiency - Total operating costs for the current period were ¥1,011,775,605.26, down from ¥1,141,863,966.66, reflecting a reduction of 11.4%[78] - Research and development expenses for the current period were ¥38,704,092.42, down 25.4% from ¥51,853,029.83 in the previous period[78] - Cash paid for purchasing goods and services was 911,567,315.01, a decrease from 990,409,889.98, indicating improved cost management[102] Other Financial Metrics - The company's financial expenses decreased significantly to -¥132,321.64, a reduction of 110.34% from ¥1,279,633.40, due to increased bank interest income[26] - The fair value change income was reported at ¥23,014,150.00, a substantial increase of 330.19% compared to a loss of -¥9,998,050.00 in the previous period, driven by rising copper and aluminum futures prices[26] - Other comprehensive income rose by 48.44% to ¥37,333,440.21 from ¥25,150,237.71, attributed to the increase in the stock price of the invested company, resulting in additional tax-adjusted comprehensive income[26] - Other comprehensive income after tax for the current period was ¥12,183,202.50, compared to a loss of ¥7,733,447.20 in the previous period[81] - Other comprehensive income after tax was CNY 12,221,695.00, compared to a loss of CNY -7,386,840.00 in the previous year, indicating a positive turnaround[88] Compliance and Governance - The company has committed to avoiding related party fund transactions and will finance its operational needs through self-funding or bank loans[41] - The company reported no violations regarding external guarantees during the reporting period[49] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[50] - The company has not undergone an audit for the first quarter report, which may affect stakeholder confidence[116] - The company is in compliance with new financial instrument and lease standards, ensuring accurate financial reporting[116]

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。 青岛汉缆股份有限公司 2018 年第三季度报告正文 证券代码：002498 证券简称：汉缆股份 公告编号：2018-039 青岛汉缆股份有限公司 2018 年第三季度报告正文 1 青岛汉缆股份有限公司 2018 年第三季度报告正文 公司负责人陈沛云、主管会计工作负责人张林军及会计机构负责人(会计主 管人员)刘建军声明：保证季度报告中财务报表的真实、准确、完整。 2 青岛汉缆股份有限公司 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） | 6,981,292,009.01 | | 6,224,691,420.89 | 12.15% | | 归属于上市公司股东 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,500,487,460.94, representing a 16.40% increase compared to CNY 2,148,175,808.74 in the same period last year[17]. - The net profit attributable to shareholders decreased by 50.23% to CNY 78,238,139.64 from CNY 157,192,782.08 year-on-year[17]. - The net profit after deducting non-recurring gains and losses increased by 12.15% to CNY 103,978,223.01 compared to CNY 92,715,666.10 in the previous year[17]. - The basic and diluted earnings per share decreased by 60.00% to CNY 0.02 from CNY 0.05 in the same period last year[17]. - The weighted average return on net assets fell to 1.68%, down by 1.80% from 3.48% in the previous year[17]. - The company's gross profit margin was 17.93%, an increase of 2.40% year-on-year[38]. - The net profit attributable to shareholders of the parent company was CNY 7,823.81 million, a decrease of 50.23% compared to the same period last year[37]. - The net profit for the first three quarters of 2018 is expected to range from 9,000 to 19,000 thousand yuan, representing a decrease of 59.93% to 15.41% compared to the same period in 2017[73]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -388,796,310.88, worsening by 21.35% from CNY -320,381,408.60 in the same period last year[17]. - The company reported a significant increase in financing activities, with net cash flow from financing activities reaching ¥550,868,634.98, a 1,179.59% increase from -¥51,025,897.59 in the previous year[44]. - The company's cash and cash equivalents decreased to CNY 296,699,138.48 from CNY 501,726,063.87, representing a decline of approximately 40.8%[131]. - The total liabilities reached CNY 2,285,040,565.36, compared to CNY 1,589,500,966.11 at the beginning of the period, reflecting an increase of about 43.7%[134]. - The company's equity attributable to shareholders decreased to CNY 4,553,808,220.61 from CNY 4,630,276,606.55, a decline of approximately 1.65%[134]. Investments and R&D - The company plans to establish a joint venture with the Shanghai Institute of Applied Physics to enhance its R&D capabilities in high-performance cable materials[25]. - The company has invested in 10 new product projects in the first half of 2018, focusing on medium-voltage fire-resistant cables and underwater cables for the U.S. market[38]. - Research and development expenses surged by 72.97% to ¥97,430,371.23, primarily due to increased investment in the development of 220KV ultra-high voltage cable technology[44]. - The company holds stakes of 9.4%, 40%, and 34% in Qingdao Qingda Industry-University-Research Center Co., Ltd., Qingdao Hancable Dimaer Marine Equipment Manufacturing Co., Ltd., and Qingdao Qingyin Financial Leasing Co., Ltd., respectively, to strengthen R&D capabilities in new technologies and marine cable[72]. Market and Sales Performance - The company has established a comprehensive marketing network across the country, enhancing its market share through targeted solutions[32]. - The sales revenue of marine cables increased significantly by CNY 97.93 million compared to the same period last year[48]. - The sales volume of steel core aluminum stranded wires and aluminum alloy stranded wires decreased by CNY 150.92 million compared to the same period in 2017[48]. - The revenue from cable accessories and supporting electrical installation projects increased from CNY 84.06 million in the first half of 2017 to CNY 148.86 million in the first half of 2018, a net increase of CNY 64.79 million[48]. Strategic Initiatives - The company plans to focus on technological innovation and market demand to strengthen its core competitiveness and ensure stable growth in the second half of 2018[42]. - The company aims to enhance product quality and integrate quality management into all production processes, emphasizing the importance of quality as the lifeblood of the enterprise[41]. - A strategic acquisition of a local competitor is being considered to enhance market share and operational efficiency, with potential completion by Q1 2019[89]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales in that region by the end of 2019[88]. Risks and Challenges - The company faces significant industry policy risks due to the low concentration and intense competition in the cable industry, which may lead to declining product prices and reduced gross margins[74]. - Fluctuations in raw material prices, particularly copper, significantly impact production costs, affecting the company's profitability; the company plans to enhance procurement management and supply chain strategies to mitigate these risks[75]. - The company acknowledges technology risks due to rapid product lifecycle changes and commits to increasing R&D investment and attracting specialized talent to maintain a competitive edge in technology[76]. Shareholder and Governance - The participation rate for the second extraordinary general meeting was 66.79%, reflecting strong shareholder engagement[79]. - The company did not distribute cash dividends or issue bonus shares for the half-year period, indicating a focus on reinvestment[80]. - The company is committed to ensuring that its operations remain independent and free from conflicts of interest with its controlling shareholders and related parties[81]. Compliance and Regulatory - The company has maintained compliance with all regulatory requirements, with no significant legal issues reported during the first half of 2018[93]. - The company reported no significant changes in the measurement attributes of its main assets during the reporting period[55]. - The company does not have any preferred shares outstanding[121].

Financial Performance - The company's operating revenue for 2017 was CNY 4,744,989,890.50, representing a 14.66% increase compared to CNY 4,138,144,544.06 in 2016[16]. - The net profit attributable to shareholders decreased by 39.98% to CNY 250,137,824.68 from CNY 416,774,294.42 in the previous year[16]. - The net cash flow from operating activities was negative at CNY -308,411,246.14, a decline of 195.19% compared to CNY 323,989,115.80 in 2016[16]. - Basic earnings per share fell by 38.46% to CNY 0.08 from CNY 0.13 in 2016[16]. - Total assets at the end of 2017 were CNY 6,224,691,420.89, a decrease of 3.30% from CNY 6,436,973,722.38 in 2016[16]. - The net assets attributable to shareholders increased by 4.29% to CNY 4,630,276,606.55 from CNY 4,439,701,605.67 in 2016[16]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was CNY 110,444,826.80, down 52.49% from CNY 232,469,866.84 in 2016[16]. - The weighted average return on equity decreased to 5.56% from 9.74% in the previous year[16]. - The company’s asset-liability ratio at the end of the reporting period was 25.54%, indicating strong solvency[39]. - The company reported a net profit margin of 8%, which is an improvement from 6.5% in the previous year, indicating better cost management[174]. Revenue and Sales - The company achieved total operating revenue of 4.74 billion yuan in 2017, an increase of 14.66% compared to the previous year[38]. - The revenue from power cables was ¥3,410,470,279.59, accounting for 71.88% of total revenue, with a significant year-on-year growth of 35.28%[49]. - Sales volume of power cables increased by 14.70% to 190,915.4 kilometers in 2017, while production volume rose by 14.90% to 192,119.17 kilometers[53]. - The company secured major contracts worth approximately ¥2.5 billion and ¥2 billion in 2017, with ongoing execution of these contracts[54]. - The company plans to achieve a sales revenue of approximately 5 billion yuan in 2018, although this is subject to market conditions and team efforts[101]. Research and Development - The company has over 140 patents and has participated in the formulation of more than 40 national and industry standards[34]. - The company’s R&D investment has been focused on new product and technology development to enhance competitiveness[27]. - In 2017, the company's R&D investment amounted to ¥219,523,969.29, representing a 26.85% increase from ¥173,058,573.39 in 2016, and accounting for 4.63% of total revenue[66]. - A total of 22 major technology R&D projects were initiated in 2017, indicating a strong commitment to innovation[62]. - The company is working on the development of nuclear power station communication cables, aiming for a 60-year lifespan and low-smoke, halogen-free materials[65]. Investments and Subsidiaries - The company established a wholly-owned subsidiary in Singapore and increased its stake in Beijing Rongke Electric Co., Ltd. to 70.06%[31]. - The company made a significant equity investment in SINGA PORE HANH E, acquiring 100% ownership with an investment amount of 4,961,800 CNY[81]. - The company has a total of 20,000,000 CNY invested in Qingdao Huajin Real Estate Co., Ltd., also in the real estate sector[85]. - The company has completed its investment in SINGA PORE HANH E with no reported liabilities as of the reporting date[81]. - The company has a long-term investment strategy, primarily funded through self-raised capital[82]. Market Strategy and Expansion - The company is actively expanding its domestic market, focusing on high-end products and securing major cable engineering projects[42]. - Internationally, the company is involved in projects such as the 500kV cable project in the Philippines and the expansion of the Venezuelan power grid[43]. - The company plans to enhance its international market presence, leveraging the Belt and Road Initiative to increase product exports[104]. - The company is focusing on enhancing operational efficiency, aiming for a 5% reduction in production costs through process optimization[174]. - The company aims to achieve a higher industry concentration through mergers and acquisitions, enhancing its scale and competitiveness in the market[96]. Financial Management - The company has ensured funding for its projects through effective management and optimization of capital operations, maintaining a good financial status[106]. - The company reported a net cash flow from investment activities of ¥674,300,222.79, a turnaround from -¥238,689,981.39 in 2016, driven by the recovery of funds from maturing entrusted loans totaling ¥825 million[70]. - The financing activities generated a net cash flow of -¥498,769,740.95, with cash inflows from short-term loans totaling ¥819 million and cash outflows for repayments amounting to ¥711 million[68][70]. - The company’s total investment for the year was ¥2,519,065,465.00, reflecting a decrease of 12.42% compared to the previous year's investment of ¥2,876,239,674.41[79]. - The company has a professional composition of 1,966 production personnel, 278 sales personnel, 239 technical personnel, 41 financial personnel, and 66 administrative personnel[191]. Corporate Governance and Compliance - The company has maintained compliance with accounting policies and did not experience any major accounting errors requiring restatement[126]. - The audit firm, Shandong Hexin Accounting Firm, has been retained for five consecutive years, with fees amounting to RMB 880,000[128]. - The company has implemented a salary policy based on job roles, with a focus on competitive and stable compensation[192]. - The governance structure complies with relevant laws and regulations, ensuring effective decision-making processes[196]. - The company respects and protects the rights of stakeholders, including shareholders, employees, suppliers, customers, and creditors, promoting a fair and honest business environment[200].

Financial Performance - The company's operating revenue for Q1 2018 was ¥1,179,790,957.02, representing a 54.95% increase compared to ¥761,420,561.17 in the same period last year[8] - Net profit attributable to shareholders decreased by 45.24% to ¥40,200,679.63 from ¥73,415,412.52 year-on-year[8] - The net profit after deducting non-recurring gains and losses increased by 84.80% to ¥34,390,974.29 compared to ¥18,610,072.48 in the previous year[8] - The net cash flow from operating activities improved by 49.95%, reaching -¥103,172,511.83, compared to -¥206,122,006.87 in the same period last year[8] - Basic and diluted earnings per share both decreased by 50.00% to ¥0.01 from ¥0.02 year-on-year[8] - The weighted average return on equity fell to 0.86%, down from 1.64% in the previous year, a decrease of 0.78%[8] - Total revenue for the period reached ¥1,179,790,957.02, a 54.95% increase compared to ¥761,420,561.17 in the previous period, driven by strong production and sales growth[16] - Net profit attributable to shareholders decreased by 45.24% to ¥40,200,679.63 from ¥73,415,412.52, primarily due to significant fluctuations in interest income and futures losses[16] - Non-recurring net profit attributable to shareholders increased by 84.80% to ¥34,390,974.29 from ¥18,610,072.48, attributed to high-margin orders in submarine cables and high-voltage products[16] - Operating cash flow improved by 49.95%, with a net outflow of ¥103,172,511.83 compared to ¥206,122,006.87 in the previous period, due to increased collections from receivables[16] - Basic earnings per share decreased by 50.00% to ¥0.01 from ¥0.02, reflecting the decline in net profit[16] - Operating income increased by 54.95% to ¥1,179,790,957.02, with operating costs rising by 49.63% to ¥990,642,808.33, reflecting the overall growth in business activity[16] - Other income surged by 707.73% to ¥1,872,130.81, primarily due to increased compensation for raw material quality issues[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,219,865,861.30, a slight decrease of 0.08% from ¥6,224,691,420.89 at the end of the previous year[8] - Net assets attributable to shareholders increased by 0.42% to ¥4,649,781,185.71 from ¥4,630,276,606.55 at the end of the previous year[8] - Prepayments increased by 86.90% to ¥109,049,607.34 from ¥58,346,036.51, driven by higher raw material procurement costs due to increased production[16] - Short-term borrowings decreased by 55.75% to ¥47,626,637.58 from ¥107,634,297.82, as the company repaid part of its bank loans due to sufficient cash flow[16] - The company reported a fair value loss of 9,998,050 yuan on financial assets, with an initial investment of 599,617,500 yuan[28] - The total amount of financial assets at the end of the period was 754,188,850 yuan, funded by self-owned capital[28] Corporate Governance and Commitments - The company has committed to avoiding any direct or indirect competition with its main business activities, ensuring no conflicts arise with its subsidiaries[22] - The company reported that it will not invest in or control any businesses that compete with its main operations, maintaining a clear separation of interests[23] - The company has made a commitment to operate independently in terms of personnel, assets, finance, and operations, ensuring that it bears its own operational responsibilities and risks[24] - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[25] - The company has pledged to notify Qingdao Hanlan Co., Ltd. of any business opportunities that may arise, ensuring transparency and adherence to its commitments[23] - The company has reiterated its promise to maintain independent operations and financial accounting, thereby safeguarding its operational integrity[24] - The company has stated that it will utilize its own funds or bank loans to meet any financial needs, avoiding reliance on related party transactions[24] - The company has emphasized its commitment to strictly adhere to the promises made regarding avoiding related party transactions and ensuring independent operations[24] - The company has confirmed that it has not engaged in any business activities that directly or indirectly compete with its main business[23] - The company has committed to maintaining a clear operational structure that separates its activities from those of its subsidiaries, ensuring compliance with regulatory requirements[24] Future Outlook - The net profit attributable to shareholders for the first half of 2018 is expected to range from 5,000 to 12,000 million yuan, representing a decrease of 68.19% to 23.66% compared to the same period in 2017[26] - The net profit for the first half of 2017 was 15,719 million yuan, indicating a significant decline in performance due to intense market competition and fluctuations in raw material prices[26] - The company plans to enhance the competitiveness and market share of key products and strengthen international market development[26] - Measures will be taken to improve cost control, increase capital efficiency, and reduce various expenses[26] Compliance and Reporting - There were no instances of non-compliance with external guarantees during the reporting period[29] - The company did not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[30] - No research, communication, or interview activities were conducted during the reporting period[31] - The report was issued by the legal representative, Chen Peiyun, on April 19, 2018[32]