河南通达电缆股份有限公司 2021 年第三季度报告 证券代码：002560 证券简称：通达股份 公告编号：2021-075 河南通达电缆股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 795,514,571.08 | 52.21% | 1,771,676,237.84 | 14.2 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥976,161,666.76, a decrease of 4.99% compared to ¥1,027,445,142.02 in the same period last year[20]. - The net profit attributable to shareholders was ¥47,615,098.03, down 49.55% from ¥94,372,673.60 year-on-year[20]. - The net cash flow from operating activities was -¥198,556,365.02, representing a decline of 77.76% compared to -¥111,700,712.56 in the previous year[20]. - Basic earnings per share decreased by 57.14% to ¥0.09 from ¥0.21 in the same period last year[20]. - The company's operating revenue for the reporting period was approximately ¥976.16 million, a decrease of 4.99% compared to ¥1,027.45 million in the same period last year[41]. - The operating cost decreased by 2.39% to approximately ¥825.66 million from ¥845.90 million year-on-year[41]. - The company reported a net profit of 31,550,130.41 CNY from its subsidiary Chengdu Hangfei, contributing significantly to overall performance[57]. - The company reported a net profit for the first half of 2021 of CNY 47,289,094.75, down 45.1% from CNY 86,249,062.63 in the same period last year[148]. - The total comprehensive income for the first half of 2021 was CNY 10,196,940.00, significantly lower than CNY 83,280,507.11 in the first half of 2020[153]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,449,068,367.88, an increase of 3.70% from ¥3,325,982,220.58 at the end of the previous year[20]. - The total assets of the company reached 3,084 million yuan, indicating a robust asset base for future operations[165]. - The total liabilities rose to CNY 1,008,597,878.81 from CNY 932,978,517.74, indicating an increase of about 8.1%[140]. - The total liabilities at the end of the reporting period were recorded at 1,302,010,000 CNY, showing a manageable level of debt[170]. - The company's equity attributable to shareholders increased to CNY 2,367,345,654.77 from CNY 2,319,552,865.26, reflecting a growth of approximately 2.1%[141]. Revenue Segmentation - Revenue from the wire and cable segment was CNY 899,037,559.08, accounting for 92.10% of total revenue, down 4.78% year-on-year[43]. - The medical and military segment saw a revenue increase of 30.02%, reaching CNY 77,124,107.68, up from CNY 59,314,961.53 in the previous year[43]. Research and Development - Research and development investment increased by 8.05% to approximately ¥37.35 million, compared to ¥34.57 million in the previous year[41]. - The company has developed new products including B-1 grade flame-retardant cables for electrified rail transit and subways, enhancing its product portfolio[35]. - Research and development expenses for the first half of 2021 were CNY 37,346,907.08, representing an increase of 8.2% from CNY 34,565,801.76 in the same period last year[146]. Operational Strategy - The company operates primarily in two sectors: wire and cable production and aviation component processing[28]. - The aviation component processing segment has seen significant capacity increases, particularly in titanium alloy structural components, with a focus on "dark factory" and "unmanned factory" development[29]. - The company aims to enhance its production scale and profitability by expanding its presence in the domestic military aircraft market and increasing new capacity investments[33]. - The company is focused on expanding its customer base to reduce dependency on major clients, particularly in the aviation parts manufacturing sector[62]. - The company is actively exploring new markets, including electrified railways and urban rail transit, to enhance its competitive position[62]. Risk Management - The company faces operational risks and has outlined measures to address these risks in the report[5]. - The company faces risks related to policy changes in the electric cable industry, which could impact market demand due to macroeconomic conditions[58]. - The company has established long-term supply contracts to mitigate risks from raw material price fluctuations, primarily for aluminum and copper[59]. Corporate Governance - The company has established a comprehensive governance structure to protect the rights of shareholders and creditors, ensuring transparent and timely information disclosure[77]. - The company has committed to ensuring that no competitive investments are made by senior management during their tenure, reinforcing corporate governance[89]. - The financial report for the first half of 2021 has not been audited, which is a standard practice for semi-annual reports[94]. Social Responsibility and Sustainability - The company donated 1 million yuan to the disaster relief efforts in response to severe flooding in Henan, providing essential supplies to affected areas[80]. - The company emphasizes a commitment to environmental protection and sustainable development, ensuring compliance with national environmental standards[82]. - The company has implemented strict safety measures and is closely monitoring pandemic developments to coordinate orders, procurement, production, and delivery[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,938[125]. - Major shareholder Shi Wanfu held 16.56% of shares, with a decrease of 21,616,763 shares during the reporting period[125]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[53][54]. Future Outlook - The company has set a future outlook with a revenue target of 3 billion CNY for the full year 2021, which would require a 25% increase in the second half of the year[89]. - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[146].

证券代码：002560 证券简称：通达股份 公告编号：2021-052 河南通达电缆股份有限公司 关于参加河南辖区上市公司 2021 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，方便广大投资者更加全面深入地了解公 司发展战略、经营状况等投资者所关心的问题，河南通达电缆股份有限公司（以 下简称"公司"）定于 2021 年 6 月 8 日（星期二）下午 16:00—17:20 参加在全 景网举办的"真诚沟通 传递价值"河南辖区上市公司 2021 年投资者网上集体接 待日活动，本次活动将采用网络远程的方式举行,投资者可登录"全景•路演天下" （http://rs.p5w.net）参与本次互动交流。 出席本次网上集体接待日活动的人员有：公司董事长马红菊女士，董事会秘 书张治中先生，财务总监闫文鸽女士（如有特殊情况，参会人员将可能进行调整）， 欢迎广大投资者积极参与。 特此公告。 河南通达电缆股份有限公司董事会 二〇二一年六月三日 ...

Financial Performance - The company's revenue for Q1 2021 was ¥409,358,822.54, representing a 16.38% increase compared to ¥351,745,228.91 in the same period last year[8]. - Net profit attributable to shareholders decreased by 67.41% to ¥19,039,539.04 from ¥58,415,542.40 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥16,727,983.14, down 26.48% from ¥22,754,454.93 in the previous year[8]. - Basic and diluted earnings per share both decreased by 69.23% to ¥0.04 from ¥0.13 year-on-year[8]. - The weighted average return on net assets fell to 0.82%, down 2.66% from 3.48% in the previous year[8]. - The net profit for the first quarter was CNY 18,851,293.98, compared to CNY 58,469,036.47 in the same period last year, reflecting a decrease of approximately 67.7%[53]. - The total comprehensive income for the quarter was CNY 19,301,028.98, down from CNY 46,021,041.47 in the same period last year[54]. - Operating profit decreased to ¥9,537,022.56 from ¥49,930,577.16, indicating a decline of about 80.9%[57]. - Net profit for the current period was ¥9,252,577.89, down from ¥44,278,648.40, reflecting a decrease of approximately 79.0%[57]. Cash Flow - The net cash flow from operating activities improved by 69.03%, reaching -¥54,555,015.72 compared to -¥176,126,005.91 in the same period last year[8]. - Cash flow from financing activities increased by 1116.45% to $97.70 million due to an increase in loan balances and receipt of equity incentive subscription funds[18]. - Cash flow from operating activities showed a net outflow of ¥54,555,015.72, an improvement from a net outflow of ¥176,126,005.91 in the previous period[61]. - The total cash inflow from financing activities was 143,700,670.00 CNY, while the cash outflow was 37,913,536.06 CNY, resulting in a net cash flow of 105,787,133.94 CNY[65]. - The cash and cash equivalents at the end of the period increased to 116,443,943.86 CNY, up from 54,473,729.76 CNY at the beginning of the period[65]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,398,007,056.27, an increase of 2.17% from ¥3,325,982,220.58 at the end of the previous year[8]. - Total liabilities as of March 31, 2021, were CNY 982,004,854.45, up from CNY 932,978,517.74, marking an increase of approximately 5.27%[45][46]. - The company's current assets totaled CNY 2,217,849,361.91 as of March 31, 2021, compared to CNY 2,179,952,351.95 at the end of 2020, indicating an increase of about 1.73%[43][46]. - The short-term borrowings rose significantly to CNY 307,823,430.26 from CNY 191,915,762.92, an increase of approximately 60.49%[44][45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,014[12]. - The company plans to repurchase shares using its own funds, with a budget between RMB 6.5 million and RMB 13 million, at a price not exceeding RMB 12.58 per share[22]. - The company aims to establish a long-term incentive mechanism to attract and retain talent while ensuring shareholder interests[21]. - The company has opened a dedicated securities account for the share repurchase[23]. Research and Development - Research and development expenses increased by 57.66% to $18.80 million due to increased R&D investment[17]. - Research and development expenses for the quarter were CNY 18,802,385.76, an increase from CNY 11,925,878.36 year-on-year[52]. - Research and development expenses increased to ¥15,759,447.09 from ¥11,551,675.81, marking a rise of about 36.5%[56]. Investment Activities - The company reported cash inflows from investment activities of ¥146,247,010.26, compared to ¥300,546,435.39 in the previous period, reflecting a decrease of about 51.3%[61]. - The company reported a total cash inflow from investment activities of 42,240,384.60 CNY, while the cash outflow was 49,262,298.29 CNY[65]. - The company raised ¥33,856,830.00 from new investments during the current period[62]. Compliance and Governance - The company reported no overdue receivables or non-compliance with external guarantees during the reporting period[36][37]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[37]. - The company did not undergo an audit for the Q1 2021 report[67]. - The company did not apply the new leasing standards for the first quarter of 2021[66].

Client Dependency and Market Diversification - The company reported a significant reliance on major clients, including the State Grid and China Southern Power Grid, which could impact performance if demand changes [12]. - The company is actively working to diversify its customer base in the aviation sector to reduce dependency on a few major clients [12]. - Major clients include State Grid and its affiliates, Southern Power Grid and its affiliates, and China Railway Corporation, indicating a concentrated customer base [102]. - The company has optimized its sales team structure to reduce dependency on major clients and expand into new markets, including the medical parts sector [54]. Financial Performance and Revenue - The company reported a revenue of ¥1,927,858,004.24 in 2020, an increase of 8.09% compared to ¥1,783,577,443.70 in 2019 [31]. - Net profit attributable to shareholders was ¥124,503,419.10, representing a growth of 30.05% from ¥95,737,232.23 in the previous year [31]. - The company’s operating revenue for the reporting period was approximately ¥1.93 billion, an increase of 8.09% compared to the previous year [51]. - The company reported a total revenue of 43,192,002.89 in the fiscal year, with a significant contribution from the disposal of subsidiaries amounting to 1,634,168.81 [37]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 85.25% to ¥41,199,585.41, down from ¥279,246,885.86 in 2019 [31]. - The company experienced a significant decline in cash flow from operations, indicating potential liquidity issues [31]. - The company faces liquidity risks due to high working capital requirements from raw material procurement and accounts receivable [104]. - The company reported a significant increase in cash and cash equivalents, with a net increase of 238.92% to ¥211,441,648.45 [73]. Investment and R&D - The company plans to enhance its research and development capabilities in the aviation parts manufacturing sector to maintain competitive advantages [9]. - Research and development investment increased by 10.09% to approximately ¥64.1 million, indicating a commitment to innovation [52]. - The aviation parts processing segment, operated by the subsidiary Chengdu Hangfei, has seen a substantial increase in production capacity, especially for titanium alloy structural components [40]. - The company is focusing on enhancing its competitive advantages in the aerospace sector, particularly in the production of aluminum alloy components [109]. Operational Efficiency and Cost Management - The company has implemented a comprehensive raw material procurement management system, ensuring stable and continuous access to materials through long-term supply contracts [47]. - The company employs a futures hedging strategy to mitigate raw material price fluctuations, which has helped maintain stable profitability despite market volatility [47]. - The company is implementing cost control measures, including staggered electricity pricing and optimizing procurement processes to mitigate raw material price fluctuations [99]. - The introduction of the advanced German DST intelligent flexible processing production line is expected to significantly enhance production efficiency and reduce costs [53]. Market Expansion and Strategic Focus - The company has successfully expanded into the railway market, with products being widely used in electrified railway projects across China [12]. - The company is focusing on digital transformation and information technology to improve management efficiency and production processes [54]. - The company is committed to expanding its market presence through potential mergers and acquisitions in the aerospace industry [109]. - The company aims to achieve operational performance targets by 2025, focusing on expanding the cable sector and implementing long-term stock repurchase and incentive plans [94]. Risk Management and Challenges - The company is facing potential risks from the ongoing COVID-19 pandemic, particularly affecting overseas operations, and is focusing on domestic market development [17]. - The company acknowledges risks related to policy changes in the cable and aerospace sectors, which could impact market demand and operational stability [100][101]. - Financial risks include potential bad debts from accounts receivable, despite strong relationships with major clients [103]. - The ongoing COVID-19 pandemic has impacted overseas business, prompting the company to strengthen domestic market development efforts [106]. Shareholder and Governance Matters - The company approved a cash dividend of CNY 1.00 per 10 shares, totaling CNY 44,385,610.30 for the first half of 2020, representing 35.65% of the net profit attributable to shareholders [112]. - The company has established a compensation mechanism linked to performance measures, ensuring accountability for any losses incurred due to violations of commitments [121]. - The company has a clear policy to avoid conflicts of interest during its expansion into new markets and product lines [124]. - The company has no major litigation or arbitration matters during the reporting period [135]. Social Responsibility and Environmental Compliance - The company maintains a strong commitment to social responsibility, ensuring the protection of stakeholders' rights, including shareholders, creditors, employees, suppliers, and customers [152]. - The company strictly adheres to environmental protection laws and has not faced any penalties for violations during the reporting period [159]. - The company emphasizes the importance of employee rights, focusing on fair employment practices and a harmonious corporate culture [153]. - The company continues to integrate profit pursuit with social responsibility, aiming to positively impact local economic development [155].

Financial Performance - Operating revenue for the period reached ¥522,647,733.94, up 51.31% from the same period last year[8] - Net profit attributable to shareholders was ¥45,135,003.61, marking a significant increase of 94.96% year-on-year[8] - Net profit after deducting non-recurring gains and losses was ¥40,678,641.50, an increase of 153.13% compared to the same period last year[8] - Basic earnings per share reached ¥0.1017, up 96.33% year-on-year[8] - The company reported a net profit of ¥139,507,677.21, representing a 76.46% increase compared to the same period last year, attributed to profit growth from both the parent company and its subsidiary[17] - The total operating revenue for the period was CNY 1.44 billion, up from CNY 1.17 billion, reflecting a year-on-year increase of 21.56%[56] - Net profit for the period was CNY 117.07 million, compared to CNY 67.17 million, reflecting a growth of 74.34%[57] Asset and Equity Growth - Total assets increased to ¥3,703,516,822.09, a growth of 24.28% compared to the end of the previous year[8] - Net assets attributable to shareholders rose to ¥2,328,828,722.91, reflecting a 41.37% increase year-on-year[8] - The total equity attributable to shareholders increased by 41.37% to ¥2,328,828,722.91, mainly due to the non-public issuance of shares and increased profitability[17] - The company's equity attributable to shareholders reached ¥2,234,827,251.94, up from ¥1,577,799,510.98 in the previous year, marking a growth of about 41.6%[41] Cash Flow and Liquidity - Net cash flow from operating activities was ¥77,885,033.47, a substantial increase of 474.62% compared to the same period last year[8] - Cash and cash equivalents increased by 101.17% to ¥1,047,199,298.20, primarily due to funds raised from stock issuance[16] - The company's cash and cash equivalents reached CNY 1,047,199,298.20, significantly up from CNY 520,543,963.23 at the end of 2019, indicating a growth of approximately 101.5%[34] - The net cash flow from operating activities for the third quarter was -33,815,679.09 CNY, an improvement from -240,568,764.89 CNY in the previous year[61] Liabilities and Financial Management - Financial expenses decreased by 41.27% to ¥17,781,585.09, primarily due to a reduction in interest-bearing liabilities[17] - The company's long-term borrowings decreased by 33.52% to ¥148,204,021.61, mainly due to repayments made during the period[16] - The total liabilities amounted to CNY 1,278,632,406.79, slightly up from CNY 1,225,370,019.93, which is an increase of approximately 4.3%[37] - The financial expenses decreased significantly to CNY 16.43 million from CNY 23.83 million, a reduction of 30.93%[56] Future Outlook and Plans - The estimated cumulative net profit for the year is projected to be between 13,000 and 15,000 thousand yuan, representing an increase of 35.79% to 56.68% compared to the previous year[24] - Basic earnings per share are expected to be between 0.25 and 0.29 yuan, reflecting a growth of 13.64% to 31.82% year-on-year[24] - The company plans to raise up to ¥600 million through a non-public stock issuance to fund projects related to aviation component manufacturing and repay bank loans[19] - The company plans to expand its market presence and invest in new product development to drive future growth[49] Research and Development - Research and development expenses for Q3 2020 were ¥15,354,097.81, slightly higher than ¥14,439,385.03 in Q3 2019, indicating continued investment in innovation[44] - Research and development expenses amounted to CNY 45.72 million, up from CNY 40.71 million, which is an increase of 12.36%[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,110[12]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,027,445,142.02, representing a 9.84% increase compared to CNY 935,426,384.13 in the same period last year [22]. - The net profit attributable to shareholders of the listed company reached CNY 94,372,673.60, a significant increase of 69.01% from CNY 55,839,893.15 in the previous year [22]. - The basic earnings per share increased by 61.54% to CNY 0.21 from CNY 0.13 in the same period last year [22]. - The total assets at the end of the reporting period were CNY 3,047,709,670.52, up 2.28% from CNY 2,979,892,959.72 at the end of the previous year [22]. - The company's net assets attributable to shareholders increased by 5.98% to CNY 1,745,745,989.75 from CNY 1,647,284,199.90 at the end of the previous year [22]. - The company's operating income for the first half of 2020 was CNY 944,193,121.35, representing a year-on-year increase of 12.17% [52]. - The gross profit margin for the wire and cable segment was 15.23%, a decrease of 1.42% compared to the previous year [52]. - The company's total liabilities increased, with accounts payable rising by 74.42% to CNY 101,643,693.51, reflecting increased obligations [54]. - The company reported a significant reduction in restricted shares held by natural persons, with a decrease of 27,204,085 shares [126]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -111,700,712.56, an improvement of 10.01% compared to CNY -124,122,845.74 in the previous year [22]. - The company's cash flow from investing activities decreased by 95.44% to -CNY 5,592,132.63, primarily due to asset disposals [55]. - The company's cash and cash equivalents decreased to RMB 383,952,100.91 from RMB 520,543,963.23, representing a decline of approximately 26.3% [148]. - The cash inflow from investment activities was 464,904,002.68 CNY, while cash outflow was 470,496,135.31 CNY, leading to a net cash flow of -5,592,132.63 CNY [167]. - The company’s cash and cash equivalents decreased by 145,759,892.05 CNY in the first half of 2020, compared to a decrease of 60,540,757.98 CNY in the same period of 2019 [171]. Market and Product Development - The company aims to enhance its manufacturing capabilities in the aviation parts sector to expand its competitive advantage [6]. - The company is actively advancing research, production, and testing projects for aviation components, enhancing its capabilities in high-end precision manufacturing services [30]. - The company is expanding its market presence in electrified railways and urban rail transit to strengthen its market share [7]. - The company has developed advanced products such as the B-1 level flame-retardant cable for electrified rail transit and subways, maintaining a leading position in standards, quality, and production capacity in the domestic market [34]. - The company is actively expanding into new markets and developing new products in response to the national infrastructure initiatives [78]. Risk Management - The company is closely monitoring raw material prices, particularly aluminum and copper, to mitigate the impact of price fluctuations on its operations [6]. - The company is actively tracking macroeconomic trends to adjust its development pace and product structure accordingly [6]. - The company faces risks from fluctuations in raw material prices, particularly aluminum and copper, which significantly impact production costs [77]. - The company is enhancing credit management and collection efforts to reduce the risk of bad debts from its concentrated customer base [79]. - The company is closely monitoring macroeconomic conditions to mitigate risks associated with policy changes in the electric wire and cable industry [76]. Corporate Governance and Compliance - The company has committed to ensuring that the equity incentive plan's exercise conditions are linked to the execution of the compensation measures [89]. - The company has pledged to comply with the latest regulations from the China Securities Regulatory Commission regarding compensation measures [90]. - The company has committed to maintaining transparency and compliance with regulatory requirements throughout the commitment period [90]. - The company has confirmed that all commitments made during the asset restructuring process are being fulfilled normally [89]. - The company has not conducted any significant related party transactions during the reporting period [103]. Shareholder Information - The company reported a cash dividend of 1 RMB per 10 shares, based on a total of 443,856,103 shares [10]. - The largest shareholder, Shi Wanfu, held 24.52% of the shares, totaling 108,816,340 shares, with 27,204,085 shares released from restrictions during the reporting period [129]. - The total number of shareholders at the end of the reporting period was 44,550 [128]. - The number of restricted shares decreased by 39,915,949, from 198,328,210 (44.68%) to 158,412,261 (35.69%) after the change [123]. - The number of unrestricted shares increased by 39,915,949, from 245,527,800 (55.32%) to 285,443,800 (64.31%) after the change [123].

Financial Performance - The company's operating revenue for Q1 2020 was ¥351,745,228.91, a decrease of 31.10% compared to ¥510,550,403.01 in the same period last year[8] - Net profit attributable to shareholders for Q1 2020 was ¥58,415,542.40, representing a significant increase of 69.04% from ¥34,556,962.30 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥22,754,454.93, down 26.52% from ¥30,964,966.43 in the same period last year[8] - Basic earnings per share for Q1 2020 increased to ¥0.130, up 62.50% from ¥0.08 in the same period last year[8] - Operating revenue decreased by 31.08% to CNY 352,361,832.70 compared to the same period last year, primarily due to reduced sales from the parent company[18] - Operating costs decreased by 32.81% to CNY 288,491,198.73, attributed to lower sales from the parent company[18] - Net profit attributable to shareholders increased by 69.04% to CNY 58,415,542.40, driven by improved profitability[18] - Other income decreased by 94.20% to CNY 245,676.39, mainly due to reduced government subsidies[18] - Investment income surged by 694.21% to CNY 129,956.29, resulting from increased bank wealth management activities[18] - The company expects net profit for the first half of 2020 to increase by over 50% compared to the same period last year[22] - The total comprehensive income for Q1 2020 was CNY 46,021,041.47, compared to CNY 42,373,027.10 in Q1 2019, indicating a growth of 8.5%[46] Cash Flow and Liquidity - The net cash flow from operating activities was -¥176,126,005.91, worsening by 59.56% compared to -¥110,382,976.80 in the previous year[8] - The net cash flow from operating activities decreased by 59.56% to CNY -176,126,005.91, due to higher material payments and lower sales collections[18] - Total cash inflow from operating activities was 274,088,122.28 yuan, down 50.9% from 556,799,828.81 yuan in the previous period[52] - Cash outflow from operating activities totaled 450,214,128.19 yuan, a decrease of 32.6% compared to 667,182,805.61 yuan in the previous period[52] - The net cash flow from investment activities was 10,391,851.50 yuan, recovering from a negative cash flow of -34,779,375.22 yuan in the previous period[52] - The net cash flow from financing activities was -9,612,298.47 yuan, a significant decrease from 187,904,889.17 yuan in the previous period[53] - The ending balance of cash and cash equivalents was 40,038,985.13 yuan, a decrease of 79.5% from 194,512,517.35 yuan in the previous period[53] - The company experienced a net decrease in cash and cash equivalents of -161,537,032.29 yuan, compared to a net increase of 9,985,535.89 yuan in the previous period[56] Assets and Liabilities - Total assets at the end of Q1 2020 were ¥3,076,787,887.54, an increase of 3.25% from ¥2,979,892,959.72 at the end of the previous year[8] - Current liabilities rose to CNY 1,134,356,565.33, compared to CNY 989,481,507.00 in the previous period[37] - Non-current liabilities decreased to CNY 141,887,340.96 from CNY 235,888,512.93[37] - Total liabilities amounted to CNY 1,225,370,019.93, with current liabilities at CNY 989,481,507.00 and non-current liabilities at CNY 235,888,512.93[59] - Total current assets as of March 31, 2020, amounted to 1,862,327,177.95 CNY, compared to 1,770,549,662.40 CNY at the end of 2019, showing an increase of about 5.2%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,269[12] - The largest shareholder, Shi Wanfu, holds 24.52% of the shares, with a total of 108,816,340 shares pledged[12] - Net assets attributable to shareholders increased to ¥1,693,251,747.30, up 2.79% from ¥1,647,284,199.90 at the end of the previous year[8] - The total equity attributable to shareholders increased to CNY 1,693,251,747.30 from CNY 1,647,284,199.90[38] Operational Highlights - The company plans to raise up to CNY 600 million through a private placement to fund aviation component manufacturing and repay bank loans[20] - The company plans to continue expanding its market presence and investing in new technologies[38] - The company has established a comprehensive risk control system for its hedging activities, including organizational structures and operational processes[28] - The company aims to use its own funds for hedging operations related to aluminum and copper, which helps to lock in expected profits and mitigate operational risks[28] Compliance and Adjustments - There were no instances of non-compliance with external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[29][30] - The first quarter report was not audited[63] - The company has not made any adjustments for the new revenue and lease standards applicable from 2020[63]

Financial Performance - The company reported a significant increase in revenue, with total sales reaching approximately 2.63 billion yuan, marking a year-on-year growth of 15%[8]. - The company’s total revenue for 2019 was approximately ¥1.80 billion, a decrease of 25.68% compared to ¥2.42 billion in 2018[41]. - The net profit attributable to shareholders for 2019 was approximately ¥95.74 million, an increase of 928.48% compared to the previous year[41]. - The cash flow from operating activities for 2019 increased by 1895.39%, reaching approximately ¥279.25 million[41]. - The company reported a net profit for the same period of 150 million yuan, which is a 10% increase compared to the previous year[172]. Customer Base and Market Expansion - The company has successfully expanded its customer base, with major clients including the State Grid and China Southern Power Grid, contributing to a stable demand for its products[7]. - The company has established a strong presence in the South American and Asian markets, with exports to countries like Peru, Colombia, Thailand, and Indonesia benefiting from favorable tax policies[7]. - The company’s products, such as steel core aluminum stranded wire, are primarily used in ultra-high voltage construction, which is a key area of growth[82]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2022[172]. Manufacturing and Production - The company plans to enhance its manufacturing capabilities in the aviation parts sector through a non-public stock issuance, aiming to strengthen its competitive advantage[6]. - Chengdu Hangfei, a wholly-owned subsidiary, focuses on high-precision processing of aircraft structural components, significantly increasing titanium alloy component production capacity during the reporting period[30]. - The company has initiated the "Aerospace Component Manufacturing Base Project," which includes the installation of advanced German DST intelligent production lines[42]. - The company has optimized its production and procurement processes to reduce management and financial costs[43]. Research and Development - R&D expenses increased by 48.83% to ¥58,215,027.88, focusing on energy-saving cables and special cables[58]. - The company plans to enhance its product competitiveness and profit margins through continuous R&D efforts[59]. - The company is investing 50 million yuan in R&D for innovative cable technologies over the next three years[172]. Financial Management and Risks - The company faces risks related to raw material price fluctuations, particularly for aluminum and copper, which significantly impact production costs[6]. - The company has a high level of accounts receivable, primarily from large clients, which poses a risk of bad debts affecting financial performance[7]. - The company employs a futures hedging strategy to mitigate the impact of raw material price volatility on production profits[31]. - The company is exposed to raw material price fluctuations, particularly for aluminum and copper, which could affect cost management and sales pricing[87]. Shareholder and Dividend Policies - The company has not declared any cash dividends or stock bonuses for the year, opting to reinvest profits into business growth[9]. - The company approved a cash dividend of CNY 1.00 per 10 shares, totaling CNY 44,385,610.30, for the 2019 semi-annual profit distribution[95]. - The company did not distribute any cash dividends for the fiscal years 2018 and 2019, with retained earnings carried forward to the next year[98]. Governance and Compliance - The company has maintained its compliance with both domestic and international accounting standards without discrepancies in reported net profit or net assets[22][23]. - The company has established an independent and complete financial accounting system, ensuring compliance with the requirements for listed companies[1]. - The company has adhered to legal and regulatory requirements, ensuring fair treatment of all investors and maintaining good communication with shareholders[134]. Employee Management and Welfare - The total number of employees in the company is 561, with 239 in production, 58 in sales, 102 in technology, 30 in finance, and 132 in administration[178]. - The company has implemented a restricted stock incentive plan to enhance management motivation and retain key talent[185]. - The company emphasizes a win-win relationship with suppliers and customers, ensuring fair and transparent procurement processes[135]. Strategic Initiatives and Future Outlook - The company aims to strengthen its position in the wire and military industries, focusing on core business and resource allocation[80]. - The new infrastructure initiative in China is expected to create significant market opportunities, with a projected investment scale of ¥1,128 billion in ultra-high voltage construction projects[83]. - A strategic acquisition of a local competitor is in the pipeline, which is projected to enhance production capacity by 30%[172].

Financial Performance - Net profit attributable to shareholders was ¥23,150,698.93, representing a significant increase of 57.85% year-on-year[8]. - Operating revenue for the reporting period was ¥345,419,239.68, a decrease of 52.70% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,070,467.97, up by 21.28% year-on-year[8]. - Basic earnings per share increased by 51.46% to ¥0.0518[8]. - The weighted average return on net assets rose to 1.40%, an increase of 0.97 percentage points compared to the previous year[8]. - The net cash flow from operating activities was ¥13,554,080.86, a decrease of 104.53% compared to the same period last year[8]. - Net profit attributable to the parent company increased by 183.38% compared to the same period last year, mainly due to increased net profit of the parent company[17]. - Research and development expenses increased by 55.78% compared to the same period last year, mainly due to increased R&D investment by the parent company[17]. - Investment income increased by 5683.67% compared to the same period last year, mainly due to the disposal of available-for-sale financial assets[17]. - The net profit for Q3 2019 reached CNY 23,078,050.63, an increase of 53.4% from CNY 15,029,703.05 in Q3 2018[42]. - The net profit attributable to the parent company for the year-to-date period was CNY 79,059,907.58, up 184.5% from CNY 27,899,325.99 in the same period last year[49]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,914,112,383.34, an increase of 0.86% compared to the end of the previous year[8]. - Current assets decreased from CNY 1,704,794,823.34 to CNY 1,635,542,742.28, a decline of approximately 4.8%[31]. - Non-current assets increased from CNY 1,184,342,646.56 to CNY 1,278,569,641.06, an increase of about 7.9%[32]. - Total liabilities decreased from CNY 1,251,027,600.50 to CNY 1,165,885,036.28, a decline of approximately 6.8%[33]. - Owner's equity increased from CNY 1,638,109,869.40 to CNY 1,748,227,347.06, an increase of about 6.7%[34]. - The company's total liabilities amounted to CNY 1,183,072,924.82, compared to CNY 1,059,497,393.50 in the previous year, indicating an 11.6% increase[39]. - Total current liabilities were CNY 878,516,865.33, while total liabilities stood at CNY 1,059,497,393.50[71]. Cash Flow - The net cash flow from operating activities decreased by 38.59% compared to the same period last year, mainly due to a decrease in bank acceptance bill deposits[17]. - Cash flow from operating activities showed a net outflow of ¥240,568,764.89, an improvement from a net outflow of ¥391,723,897.83 in the previous period[56]. - Cash flow from investing activities resulted in a net outflow of ¥112,463,158.23, compared to a net outflow of ¥156,732,686.82 in the previous period[58]. - Cash flow from financing activities generated a net inflow of ¥274,920,573.48, down from ¥442,988,113.98 in the previous period[58]. - The net cash flow from operating activities was -255,892,333.34 CNY, compared to -169,382,193.74 CNY in the same period last year, indicating a decline in operational cash flow[61]. - The total cash inflow from financing activities reached 937,833,897.10 CNY, an increase from 717,887,625.25 CNY year-over-year[62]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,838[12]. - The largest shareholder, Shi Wanfu, holds 24.52% of the shares, amounting to 108,816,340 shares[12]. Research and Development - Research and development expenses rose to CNY 14,439,385.03, up from CNY 9,267,065.27, marking a 55.5% increase year-over-year[41]. - Research and development expenses increased significantly to ¥40,714,975.14, up from ¥26,484,517.35, marking a rise of 53.8%[53]. Comprehensive Income - The total comprehensive income for Q3 2019 was CNY 12,032,318.75, compared to CNY 6,415,723.92 in the previous period, indicating a growth of 87.5%[46]. - Other comprehensive income after tax was CNY -6,068,617.22, compared to CNY -1,436,595.88 in Q3 2018, indicating a decline in comprehensive income[42]. Operational Efficiency - Accounts receivable decreased by 78.41% compared to the beginning of the year, mainly due to bill discounting and payment for goods[16]. - Inventory decreased from CNY 260,606,985.07 to CNY 227,452,480.24, representing a decline of approximately 12.7%[31]. - The company reported a significant increase in prepayments from CNY 164,281,061.20 to CNY 208,600,971.28, a rise of approximately 27%[31]. - The cash outflow for purchasing goods and services was 1,172,793,498.96 CNY, an increase from 1,048,683,475.24 CNY year-over-year, indicating higher operational costs[61]. Future Outlook - The company expects to turn a profit in 2019, with a projected net profit of between 10,000 and 11,000 thousand yuan, compared to a loss of 1,155.58 thousand yuan in 2018[20].