Financial Performance - The company's operating revenue for Q3 2022 reached ¥1,437,562,745.14, representing an increase of 80.71% compared to the same period last year[4] - Net profit attributable to shareholders was ¥53,043,243.36, a significant increase of 23,604.52% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥48,976,822.38, up 3,662.24% from the previous year[4] - Basic earnings per share for the period were ¥0.1048, reflecting a 13,000.00% increase year-on-year[4] - Total operating revenue increased by 128.66% year-on-year to CNY 4,051,553,870.34, driven by growth in the parent company's revenue and the addition of the new subsidiary Tongda New Materials[9] - Operating profit rose by 89.12% year-on-year to CNY 100,976,715.76, reflecting the overall growth in revenue[10] - Net profit attributable to shareholders increased by 82.15% year-on-year to CNY 87,139,443.32, indicating strong financial performance[10] - The company reported a total comprehensive income of ¥88,591,967.47, compared to ¥41,747,872.12 in the previous period, reflecting an increase of approximately 112.5%[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,085,048,236.30, a 40.10% increase from the end of the previous year[4] - Total liabilities increased to RMB 2,520,579,924.93 from RMB 1,216,001,850.31, indicating a significant rise in financial obligations[19] - The company's equity attributable to shareholders rose to RMB 2,453,126,603.29 from RMB 2,343,580,301.34, reflecting a growth in shareholder value[20] - Cash and cash equivalents increased by 165.60% to ¥1,253,390,540.83 due to bank acceptance bills paid by the parent company and its subsidiary[8] - Accounts receivable rose by 38.23% to ¥1,404,442,591.10, driven by increased operating revenue[8] - Inventory increased by 42.26% to ¥549,608,267.78, attributed to the consolidation of a newly acquired subsidiary's inventory[8] - Short-term borrowings increased by 66.95% to ¥570,796,785.89, due to additional borrowings by the parent company and its subsidiary[8] - The company reported a significant increase in accounts payable, which rose by 174.88% to ¥1,366,474,753.00, reflecting increased obligations from the parent company and its subsidiary[8] Cash Flow - Cash flow from operating activities decreased by 33.44% year-on-year to CNY -252,754,186.84, mainly due to increased accounts receivable[10] - The net cash flow from operating activities was -252,754,186.84 CNY, an improvement from -379,767,297.24 CNY in the previous period[25] - The total cash inflow from investment activities was 1,187,907,611.85 CNY, compared to 586,554,644.66 CNY in the previous period[25] - The net cash flow from investment activities was -10,928,816.24 CNY, an improvement from -21,252,579.94 CNY in the previous period[25] - The total cash inflow from financing activities was 617,001,846.00 CNY, up from 415,667,620.00 CNY in the previous period[25] - The net cash flow from financing activities was 156,633,644.45 CNY, compared to 197,123,364.59 CNY in the previous period[25] - The cash and cash equivalents at the end of the period were 180,822,207.74 CNY, down from 222,263,690.52 CNY in the previous period[25] - The company reported a decrease in cash and cash equivalents by 108,812,498.52 CNY during the quarter[25] Research and Development - Research and development expenses grew by 37.45% year-on-year to CNY 81,680,653.86, highlighting the company's commitment to innovation[9] - The company has made progress in research projects related to vehicle high-voltage cables, waterproof cables, and flexible assembly technology for aircraft components[14] Strategic Developments - The company achieved strategic progress in its military industry segment, expanding its business from precision processing of aviation components to component assembly, securing bulk orders in the process[14] - The company is focusing on enhancing the added value of its aluminum-based composite materials as a key operational direction[14] Other Financial Metrics - Other income for the current period was ¥7,491,650.98, up from ¥3,321,616.65, indicating an increase of about 125.5%[21] - The company experienced a credit impairment loss of ¥19,656,822.08, compared to a loss of ¥17,193,413.63 in the previous period, indicating a deterioration in credit quality[22] - Tax expenses rose by 166.53% year-on-year to CNY 11,388,254.24, driven by increased tax obligations from the parent company and subsidiaries[10] Audit and Reporting - The company did not undergo an audit for the third quarter report[26] - The company’s board of directors released the report on October 28, 2022[27]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,613,874,521.41, representing a 167.77% increase compared to CNY 976,161,666.76 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 28.39% to CNY 34,096,199.96 from CNY 47,615,098.03 year-on-year[19]. - The net cash flow from operating activities improved significantly, reaching CNY 43,000,194.49, compared to a negative cash flow of CNY -198,556,365.02 in the previous year, marking a 121.66% increase[19]. - Total assets at the end of the reporting period were CNY 4,660,698,982.88, an increase of 28.41% from CNY 3,629,543,746.71 at the end of the previous year[19]. - The company's basic earnings per share decreased by 33.33% to CNY 0.06 from CNY 0.09 in the same period last year[19]. - The net profit after deducting non-recurring gains and losses was CNY 27,921,343.80, down 33.99% from CNY 42,300,710.16 year-on-year[19]. - The weighted average return on net assets decreased to 1.45% from 2.03% in the previous year[19]. - The company reported a total net profit including non-recurring items of CNY 6,174,856.16 after accounting for taxes and minority interests[24]. Revenue Growth - The company's consolidated net profit increased by 83.93% quarter-on-quarter in Q2, driven by a decline in raw material costs for copper and aluminum[27]. - New signed orders for cable products grew by 53.37% year-on-year, with sales revenue increasing by 35.09%, including a 240.20% increase in power cable sales revenue[27]. - The subsidiary Chengdu Hangfei's sales revenue for aviation components surged by 673.14% year-on-year, reflecting strong demand in the aerospace sector[27]. - The revenue from the medical and military industry segment was CNY 89.63 million, with a year-on-year growth of 16.21%[44]. - The revenue from the non-ferrous metal processing segment was CNY 1.32 billion, accounting for 50.65% of total revenue, with a gross profit margin of 1.27%[45]. - The company reported a significant increase in revenue from the power cable segment, which grew by 146.14% to CNY 378.48 million[45]. Investment and R&D - Research and development investment rose by 31.96% to CNY 49.28 million, reflecting the company's commitment to innovation[42]. - The company is actively developing new energy vehicle high-voltage cable products, achieving progress in research and development during the reporting period[33]. - The company has committed to invest CNY 27 million in the aviation parts manufacturing base project, with CNY 8.47 million (31.38%) invested by the reporting period[56]. - The new district aviation component research and development project has a total investment commitment of CNY 15 million, with CNY 5.02 million (34.12%) invested by the reporting period[56]. - The company is focusing on technological advancements, with a budget allocation of 100 million yuan for R&D in innovative cable technologies[93]. Market Position and Strategy - The company has become one of the leading suppliers of ultra and extra-high voltage overhead conductors in China, maintaining a competitive edge in the steel core aluminum stranded wire segment[28]. - The company has established a strong customer base, including major clients like State Grid and China Railway, enhancing its brand image and customer loyalty[37]. - The company has expanded its product offerings to include a full range of cables below 35kV, contributing to rapid business growth and economies of scale[37]. - The company has signed long-term supply contracts with major suppliers to ensure stable raw material procurement, which helps in controlling costs and improving operational efficiency[35]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[46]. Financial Stability and Risks - The company is facing risks related to policy changes in the electric cable industry, which could impact market demand due to macroeconomic conditions[63]. - Financial risks include potential bad debts from accounts receivable, despite strong relationships with major clients[67]. - The company is addressing liquidity risks due to high working capital requirements from raw material purchases and accounts receivable[67]. - The ongoing COVID-19 pandemic poses uncertainty, with potential impacts on production, contract signing, material procurement, and product delivery, affecting revenue recognition[69]. - The company plans to strengthen operational oversight of Chengdu Hangfei to enhance its sustainable profitability and minimize goodwill impairment risks[68]. Corporate Governance and Social Responsibility - The company emphasizes the protection of shareholder and creditor rights, ensuring transparent communication and adherence to relevant laws and regulations[85]. - The company has established a systematic talent mechanism to enhance employee welfare and maintain a harmonious corporate culture[86]. - The company actively engages in social responsibility initiatives, including disaster relief and community support, while pursuing economic benefits[87]. - The company has implemented measures to ensure compliance with environmental regulations, achieving all environmental monitoring data within national discharge standards[87]. - The company donated 1 million yuan to support disaster recovery efforts in areas affected by severe flooding in July 2021, and provided over 20 million yuan worth of emergency power cables for disaster relief[88]. Shareholder and Equity Information - The company has implemented a stock incentive plan, with 1,200,880 shares allocated to 8 core employees, representing 0.23% of the company's total equity[81]. - The company repurchased and canceled 54,000 shares of restricted stock from 5 former employees at a price of 4.27 yuan per share, reducing total shares from 528,673,670 to 528,619,670[80]. - The total number of ordinary shareholders at the end of the reporting period was 40,320[138]. - Shareholder Shi Wanfeng holds 16.49% of the shares, totaling 87,199,577 shares, with 34,870,000 shares pledged[138]. - The company reported a total shareholding of 500,000 shares by Vice Chairman Shi Jiabao at the end of the reporting period, representing 0.09% of the total share capital[82]. Financial Reporting and Compliance - The semi-annual financial report was not audited[99]. - The company did not experience any bankruptcy reorganization matters during the reporting period[101]. - There were no significant litigation or arbitration matters during the reporting period[102]. - The company reported no external guarantees, excluding those to subsidiaries[115]. - The financial report reflects the company's financial position as of June 30, 2022, and its operating results and cash flows for the first half of the year[194].

证券代码：002560 证券简称：通达股份 公告编号：2022-058 河南通达电缆股份有限公司 关于参加河南辖区上市公司 2022 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，河南通达电缆股份有限公司定于2022 年5月30日(周一)15:30-17:00参加在全景网举办的"真诚沟通 传递价值"河南 辖区上市公司2022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 书刘志坚先生、财务总监闫文鸽女士、子公司成都航飞航空机械设备制造有限公 司总经理任健先生（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 二〇二二年五月二十五日 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,025,178,047.77, representing a 150.44% increase compared to ¥409,358,822.54 in the same period last year[4] - Net profit attributable to shareholders decreased by 36.93% to ¥12,008,848.76 from ¥19,039,539.04 year-on-year[4] - The net profit after deducting non-recurring gains and losses fell by 41.40% to ¥9,802,436.95 compared to ¥16,727,983.14 in the previous year[4] - The company reported a total of ¥2,206,411.81 in non-recurring gains, primarily from government subsidies and investment income[6] - The net profit attributable to shareholders decreased by 36.93% to ¥12,008,848.76, reflecting a reduction in overall profitability[10] - The net cash flow from investing activities decreased by 125.37% to -¥151,408,632.40, primarily due to unredeemed funds from subsidiary Chengdu Hangfei[12] - The net cash flow from financing activities decreased by 52.32% to ¥46,582,638.27, as the parent company repaid loans[12] - The company experienced a total comprehensive income of CNY 14,688,340.14 for Q1 2022, compared to CNY 19,301,028.98 in the previous year, indicating a decrease in overall financial performance[26] Assets and Liabilities - The total assets increased by 12.99% to ¥4,100,997,026.44 from ¥3,629,543,746.71 at the end of the previous year[4] - The company's inventory increased by 43.08% to ¥552,756,402.07, attributed to the consolidation of inventory from the newly acquired subsidiary[8] - The company's trade financial assets rose significantly by 137.16% to ¥291,000,000.00, due to increased financial management balances[8] - Contract liabilities surged by 111.43% to ¥41,751,167.36, driven by pre-receipts from the newly consolidated subsidiary[9] - The total current assets increased to CNY 2,742,152,517.97 from CNY 2,379,031,682.33 at the beginning of the year, reflecting a growth of approximately 15.2%[20] - Current liabilities rose to CNY 1,434,108,138.15 from CNY 1,078,189,571.54, representing a growth of approximately 32.9%[22] - Non-current assets totaled CNY 1,358,844,508.47, an increase from CNY 1,250,512,064.38 at the beginning of the year, indicating a growth of about 8.7%[21] Cash Flow - Cash flow from operating activities showed a slight improvement, with a net outflow of ¥52,871,381.74, a 3.09% reduction from the previous year's outflow of ¥54,555,015.72[4] - The cash inflow from investment activities was CNY 366,642,344.54, while cash outflow was CNY 518,050,976.94, resulting in a net cash outflow of CNY -151,408,632.40 for investment activities[30] - The financing activities generated a net cash inflow of CNY 46,582,638.27, down from CNY 97,703,740.61 in Q1 2021, indicating a reduction in financing activities[30] Revenue and Costs - Operating costs increased by 168.45% to ¥948,120,685.33, attributed to the consolidation of Tongda New Materials[10] - Sales expenses rose by 80.04% to ¥8,784,305.27, also due to the consolidation of Tongda New Materials[10] - Financial expenses surged by 376.53% to ¥10,777,162.95, mainly due to increased interest expenses on loans from the parent company[10] - The total operating costs amounted to CNY 1,007,098,273.05, up from CNY 393,003,828.40 in the previous year, indicating a rise in costs associated with increased revenue[25] Strategic Initiatives - The company continues to implement its "511" development plan, focusing on production and operational stability amid a complex economic environment[16] - The consolidation of Tongda New Materials and the establishment of Tongda Jiutong Cable Co., Ltd. are key components of the company's growth strategy[16] - The company plans to enhance its production capacity and efficiency through ongoing investments in new technologies and market expansion strategies[17] - The company has established a long-term incentive plan to enhance employee engagement and retention, which is expected to support the implementation of its "511" development plan[18] - The company is advancing its information technology initiatives, aiming to complete precise management of sales contracts and standardization of technical data in production management by Q2 2022[18] Market Performance - The company achieved a 98.35% year-on-year increase in revenue from Chengdu Hangfei in the first quarter[16] - In Q1 2022, the company achieved significant market breakthroughs with new cable products, including a 210.80% year-on-year revenue growth in power cables and a 358.90% growth in environmentally friendly cloth wires[17]

Financial Performance - The company's operating revenue for 2021 was ¥2,354,539,510.16, representing a 22.13% increase compared to ¥1,927,858,004.24 in 2020[20] - The net profit attributable to shareholders for 2021 was ¥24,412,754.74, a decrease of 80.39% from ¥124,503,419.10 in 2020[20] - The net cash flow from operating activities was -¥164,742,781.32, a decline of 499.87% compared to ¥41,199,585.41 in 2020[20] - Basic earnings per share for 2021 were ¥0.05, down 81.48% from ¥0.27 in 2020[20] - Total assets at the end of 2021 were ¥3,629,543,746.71, an increase of 9.13% from ¥3,325,982,220.58 at the end of 2020[21] - The net assets attributable to shareholders at the end of 2021 were ¥2,343,580,301.34, a slight increase of 1.04% from ¥2,319,552,865.26 at the end of 2020[21] - The company reported a weighted average return on equity of 1.05% for 2021, down from 6.94% in 2020[20] - The company recorded a non-operating income of ¥4.83 million from government subsidies in 2021, down from ¥6.96 million in 2020[25] - The company reported a loss of ¥669,741.72 from the disposal of non-current assets in 2021, contrasting with a gain of ¥41.77 million in 2020[25] Revenue Breakdown - The wire and cable segment generated ¥2,198,261,724.58, accounting for 93.36% of total revenue, with a year-on-year growth of 26.67%[52] - The medical and military segment saw revenue of ¥156,277,785.58, which is a 40.71% increase from ¥111,066,677.18 in 2020[52] - The company reported a significant increase in revenue from copper alloy products, which rose by 182.59% to ¥252,650,991.01[52] - The company’s exports decreased by 51.35% to ¥195,092,366.66, down from ¥400,988,565.52 in 2020[52] - The total sales volume of cables decreased by 21.94% to 69,479.91 tons in 2021[56] Strategic Focus and Market Outlook - The company is focusing on enhancing its R&D capabilities and product technology levels to adapt to the evolving market demands[32] - The company anticipates that the demand for cable products will continue to rise, driven by national economic development and infrastructure projects[32] - The company aims to achieve an annual revenue of 10 billion yuan and a total profit and tax exceeding 1 billion yuan within five years[41] - The company has established a "Five-One-One" development plan to optimize its sales team and reduce reliance on major clients like State Grid and China Railway[86] - The company is preparing for significant changes in the energy sector driven by national carbon neutrality goals, which may impact its market strategies[87] Investment and Growth Initiatives - The company plans to integrate the production and sales models of its cable and aluminum-based new materials businesses to mitigate risks from raw material price fluctuations[42] - The total investment target for the State Grid in 2022 is 579.5 billion yuan, with plans to invest 350 billion USD (approximately 2.23 trillion yuan) during the "14th Five-Year Plan" period[34] - The company has established several new subsidiaries in 2021, although they have not yet commenced operations, indicating a focus on future growth[85] - The company aims to enhance its competitive advantage by leveraging stable long-term relationships with clients in a saturated market while also capitalizing on new infrastructure opportunities[90] Risk Management - The company faces risks from potential policy changes affecting the power and aviation component manufacturing industries, which could impact market demand[93][94] - The company is exposed to raw material price volatility, particularly for aluminum and copper, which could affect cost management and profitability[95] - The company has implemented a balanced procurement strategy and long-term contracts to mitigate raw material price fluctuations[95] - The company reported a risk of bad debts due to a large balance of accounts receivable, despite maintaining good relationships with financially strong clients[99] Corporate Governance and Management - The company has a governance structure that complies with legal regulations, ensuring no significant discrepancies with the requirements set by regulatory authorities[111] - The company has established a performance evaluation mechanism for senior management, linking performance to compensation to promote long-term development and strategic goals[149] - The company has maintained a strong independent operational capability, with no reported fund occupation by the controlling shareholder[109] - The company has a diverse board with members holding positions in various other companies, indicating potential for strategic partnerships[126] Social Responsibility and Sustainability - The company emphasizes its commitment to social responsibility, focusing on fair treatment of shareholders, employees, suppliers, and customers[160] - The company aims to create a sustainable business model by integrating economic benefits with social responsibility initiatives[162] - The company has committed to continuous innovation and development of new technologies to enhance operational efficiency[162] - The company actively participated in disaster relief efforts during the severe flooding in July 2021, providing over 20 million yuan worth of emergency cables to support recovery efforts[163]

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].