证券代码：002879 证券简称：长缆科技 公告编号：2021-039 长缆电工科技股份有限公司 | --- | --- | |--------------------------------------------|----------------------------------------------------------------------| | | | | | | | 关于参加 2021 年湖南辖区上市公司投资者 | | | 网上集体接待日活动的公告 | | | | 本公司及全体董事会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。 | | 为进一步强化与投资者的沟通交流，使广大投资者能更深入全面地了解公司情况， 长缆电工科技股份有限公司（以下简称"公司"）将参加由中国证券监督管理委员会 湖南监管局主办、湖南省上市公司协会与深圳市全景网络有限公司协办的"2021年湖 南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： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的互联网平 台 ， 采 取 网 络 远程的 方 式 举 行 ， ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 490,444,014.34, representing a 16.62% increase compared to CNY 420,541,985.21 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 89,341,092.99, an increase of 11.85% from CNY 79,879,183.93 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 80,522,083.26, up 10.25% from CNY 73,039,087.03 in the same period last year[18]. - The basic earnings per share increased to CNY 0.50, a rise of 13.64% compared to CNY 0.44 in the previous year[18]. - The total operating revenue for the first half of 2021 was CNY 490,444,014.34, an increase of 16.6% compared to CNY 420,541,985.21 in the first half of 2020[121]. - The total profit for the first half of 2021 was CNY 99,449,653.30, up from CNY 89,473,641.03 in the previous year, marking a growth of 11.0%[123]. - The company's total comprehensive income for the first half of 2021 was CNY 89,341,092.99, compared to CNY 79,879,183.93 in the same period of 2020, reflecting a growth of 11.5%[124]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,954,392,809.11, a decrease of 0.53% from CNY 1,964,762,880.08 at the end of the previous year[18]. - The company's cash and cash equivalents decreased by 12.53% to CNY 191,864,074.05 due to the purchase of financial products that had not yet matured[44]. - Accounts receivable increased by 14.54% to CNY 615,525,633.06, reflecting a 4.13% increase in proportion to total assets[44]. - The total liabilities decreased to CNY 370,356,307.39 from CNY 428,738,552.16, a reduction of 13.6%[116]. - The total assets as of June 30, 2021, were CNY 1,982,299,691.47, slightly down from CNY 1,985,814,777.64 at the end of 2020[119]. Research and Development - The company has significantly increased its investment in R&D, particularly in high voltage and smart cable accessory products, to enhance its core competitiveness[29]. - Research and development expenses amounted to CNY 30,429,433.86, which is a 22.56% increase from CNY 24,828,628.06 in the same period last year[35]. - The average R&D expenditure over the past three years has accounted for more than 5% of the main business income, indicating a strong commitment to innovation[30]. - The company invested CNY 30,429,433.86 in R&D during the first half of 2021, an increase of 22.7% compared to CNY 24,828,628.06 in the same period last year[121]. Market and Competition - The company operates a direct sales model targeting major state-owned power grids and key industry clients, enhancing its market share[27]. - The company has a strong competitive advantage in the cable accessory industry, particularly during economic downturns, leading to rapid market share growth[29]. - The company is exposed to market competition risks, particularly in the medium and low voltage cable accessory market, and aims to leverage scale and technology to reduce costs[54]. - The company intends to maintain its leading position in high voltage cable accessories and support national key projects to sustain performance growth[55]. Cash Flow - The net cash flow from operating activities improved to -CNY 64,814,929.34, a 22.76% improvement from -CNY 83,908,533.07 in the same period last year[18]. - The company's cash flow from operating activities in the first half of 2021 was CNY 354,313,905.07, compared to CNY 258,936,352.35 in the same period of 2020, indicating a significant increase[130]. - The total cash inflow from operating activities increased by 33.4%, while cash outflow increased by 20.3%, leading to a net cash flow improvement[135]. Shareholder Information - The total number of shares before the change was 193,107,640, with 33.55% being restricted shares and 66.45% being unrestricted shares[94]. - The largest shareholder, Yu Zhengyuan, held 33.97% of the shares, amounting to 65,604,035 shares, with a pledge of 20,000,000 shares[99]. - The total number of shareholders at the end of the reporting period was 13,187[99]. - The company reported a total of 13,693,212 restricted shares at the beginning of the period, with 5,866,455 shares released during the period[97]. Environmental Compliance - The company emphasizes environmental compliance and has not faced any administrative penalties related to environmental issues during the reporting period[64]. - The company emphasizes environmental protection and energy conservation in its production processes, aiming to reduce waste rates and production costs[67]. Accounting Policies - The financial statements comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position, operating results, and cash flows[153]. - The company recognizes financial assets and liabilities based on their fair value at initial recognition, with subsequent measurement methods varying by classification[162][163]. - The company employs valuation techniques to determine the fair value of financial assets and liabilities, categorized into three levels based on the observability of inputs[167].

Financial Performance - The company's operating revenue for Q1 2021 was ¥174,681,401.15, representing a 6.18% increase compared to ¥164,509,901.67 in the same period last year[8] - The net profit attributable to shareholders was ¥29,294,127.96, a slight decrease of 0.69% from ¥29,496,222.45 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,458,583.62, down 16.07% from ¥27,951,515.43 in the previous year[8] - Total operating revenue for Q1 2021 was CNY 174,681,401.15, an increase from CNY 164,509,901.67 in the previous period[41] - Net profit for Q1 2021 was CNY 29,294,127.96, slightly down from CNY 29,496,222.45 in the previous period[43] - The total comprehensive income for the current period is CNY 26,243,647.99, down from CNY 31,368,108.93 in the previous period[48] Cash Flow - The net cash flow from operating activities improved to -¥57,881,977.98, a 10.66% improvement from -¥64,788,711.30 in the same period last year[8] - The net cash flow from operating activities was -68,512,263.71 yuan, compared to -57,399,729.66 yuan in the previous period, indicating a decline in operational cash flow[53] - Total cash inflow from operating activities was 168,395,361.17 yuan, while cash outflow was 236,907,624.88 yuan, resulting in a significant cash outflow[53] - Cash inflow from investment activities amounted to 494,142,451.44 yuan, with a net cash flow of 336,137,201.56 yuan, a substantial improvement from the previous period[55] - The cash flow from financing activities showed a net outflow of -19,934,751.45 yuan, indicating a reduction in financing activities[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,914,541,257.28, a decrease of 2.56% from ¥1,964,762,880.08 at the end of the previous year[8] - The total current assets decreased to ¥1,561.71 million from ¥1,615.47 million, reflecting a decline of about 3.3%[33] - The company's total assets as of March 31, 2021, were ¥1,914.54 million, down from ¥1,964.76 million, a decrease of approximately 2.5%[34] - The total liabilities decreased to ¥349.22 million from ¥428.74 million, indicating a reduction of about 18.5%[35] - Total liabilities decreased to CNY 374,456,127.42 from CNY 440,757,865.97[39] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,269[12] - The top shareholder, Yu Zhengyuan, holds 33.97% of the shares, with 65,604,035 shares, of which 49,203,026 are pledged[12] Expenses - Management expenses increased by 32.46% to ¥17,168,023.40 due to higher personnel costs[17] - R&D expenses rose by 55.27% to ¥14,934,914.31, primarily driven by increased salaries and experimental costs[17] - Operating costs for Q1 2021 were CNY 153,403,010.11, up from CNY 129,892,109.71 in the previous period, with operating costs specifically rising from CNY 74,379,929.18 to CNY 86,412,261.91[42] Investment Activities - Investment income surged by 536.30% to ¥3,668,489.67, attributed to higher financial management returns[17] - Cash flow from investment activities improved by 164.59% to ¥335,686,000.19, mainly due to the redemption of entrusted financial management funds[17] - The company reported a cash outflow of 150,000,000.00 yuan related to investment activities, down from 500,000,000.00 yuan in the previous period[55] Government Support - The company received government subsidies amounting to ¥2,552,753.92, a 41.65% increase compared to the previous year[17] Projects and Developments - The 500kV and below DC cable accessory expansion project has a completion date extended to July 2023 due to market demand changes and project delays[23] - The R&D center construction project is 97.75% complete, with an expected completion date of July 2021[23] - The marketing system construction project has exceeded its planned investment by 5.16%, with a completion date set for July 2021[23] Miscellaneous - The company did not repurchase any shares during the reporting period, resulting in a 100% change in financing cash flow[17] - The company has not reported any violations regarding external guarantees during the reporting period[28] - The company has not anticipated significant changes in net profit for the first half of 2021 compared to the same period last year[25] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[57]

Financial Performance - The company's operating revenue for 2020 was CNY 940,579,693.14, representing a 10.30% increase compared to CNY 852,775,282.90 in 2019[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 146,870,215.78, up 15.66% from CNY 126,979,765.49 in the previous year[16]. - The basic earnings per share for 2020 was CNY 0.900, reflecting a 16.88% increase from CNY 0.77 in 2019[16]. - The company's total assets at the end of 2020 amounted to CNY 1,964,762,880.08, an increase of 8.22% from CNY 1,815,466,378.64 at the end of 2019[16]. - The net cash flow from operating activities decreased by 48.14% to CNY 80,783,605.97 from CNY 155,771,476.75 in 2019[16]. - The weighted average return on net assets was 10.92%, up from 9.64% in the previous year[16]. - The company reported a significant decrease in cash flow from operating activities, indicating potential liquidity challenges[16]. - The company achieved a revenue of 940.58 million yuan, representing a year-on-year growth of 10.3%[39]. - The net profit attributable to shareholders was 161.60 million yuan, an increase of 10.91% year-on-year, while the net profit after deducting non-recurring gains and losses was 146.87 million yuan, up 15.66%[39]. Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.3 per 10 shares, based on a total of 179,690,953 shares[5]. - The cash dividend for 2019 was 2.10 RMB per 10 shares, amounting to approximately 37.74 million RMB, representing 25.90% of the net profit attributable to shareholders[109]. - The company's total net profit for 2020 was approximately 161.60 million RMB, with cash dividends accounting for 25.58% of this amount[109]. - The company has established a three-year dividend return plan to ensure a stable return to shareholders[104]. - The total cash dividend, including other methods, amounted to 88,323,451.99 yuan, representing 100% of the distributable profit[110]. Research and Development - The company has a strong R&D capability, continuously investing in core technologies such as insulation materials and cable accessory system design[27]. - The company has invested over 5% of its main business income in R&D expenses over the past three years, enhancing its capacity for continuous product innovation[31]. - The company's R&D investment for 2020 was CNY 61.35 million, accounting for 6.52% of total revenue, an increase of 16.67% compared to 2019[58]. - The company has developed significant breakthroughs in R&D, including the 500kV series products and new energy series products, enhancing its product offerings[40]. - The company has established a high-efficiency R&D innovation system, leveraging over 60 years of technical experience and collaboration with various power companies[33]. Market and Sales Performance - The company's total revenue for Q1, Q2, Q3, and Q4 were approximately ¥164.51 million, ¥256.03 million, ¥238.42 million, and ¥281.62 million respectively, showing a strong performance in Q2 and Q4[20]. - Net profit attributable to shareholders for the same quarters was approximately ¥29.50 million, ¥50.38 million, ¥26.16 million, and ¥55.56 million, indicating significant growth in Q2 and Q4[20]. - The revenue from cable accessories and related products accounted for 99.56% of total revenue, with a year-on-year growth of 11.49%[44]. - The sales volume of cable accessories increased by 8.99% to 1,107,934 units in 2020, compared to 1,016,556 units in 2019[49]. - The marketing network has expanded to cover all provincial regions, with plans to establish sales institutions in 150 county-level cities[42]. Strategic Initiatives and Future Outlook - The company has established a clear development strategy focusing on technology-driven growth, marketing system construction, overseas market expansion, and industrial investment, ensuring sustained performance growth[88]. - The company aims to replicate its domestic competitive advantages in international markets, targeting high-end products in Europe and the U.S. while promoting medium and low-voltage products in emerging markets[90]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[99]. - A strategic acquisition of a local competitor is expected to enhance the company's product offerings and market reach, with an estimated cost of 300 million RMB[98]. - The company provided a future outlook projecting a revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[99]. Operational Efficiency and Management - The company has implemented a lean production management approach, improving efficiency and reducing costs across various departments[39]. - The management team has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in costs over the next year[190]. - The company has established a performance-oriented compensation system based on job responsibilities and work performance[198]. - The board of directors has approved a performance-based incentive plan for senior management, linked to achieving specific financial targets[193]. - The company has maintained a strong cash position, with cash reserves reported at 300 million yuan, ensuring liquidity for future investments[190]. Risk Management - The company recognizes risks from macroeconomic changes, market competition, and customer concentration, and plans to enhance its marketing system and internal management to mitigate these risks[93][94]. - The company faces significant risks from raw material price fluctuations, which could impact its operating performance, and will focus on improving material utilization and production efficiency[95]. Corporate Governance and Compliance - The company has not engaged in any significant related party transactions during the reporting period[125]. - The company did not experience any major litigation or arbitration matters during the reporting period[121]. - The company has established a robust decision-making process for adjusting its cash dividend policy, ensuring transparency and compliance[105]. - The company emphasizes the importance of maintaining shareholder interests and has a clear cash dividend policy[105].

Financial Performance - Operating revenue for the reporting period was ¥238,421,820.33, reflecting a year-on-year growth of 12.75%[8] - Net profit attributable to shareholders was ¥26,162,094.68, a decrease of 10.21% compared to the same period last year[8] - Basic earnings per share for the reporting period was ¥0.14, down by 6.67% year-on-year[8] - The company reported a net profit of ¥24,065,350.01 after deducting non-recurring gains and losses, an increase of 14.12% year-on-year[8] - Total operating revenue for Q3 2020 was CNY 238,421,820.33, an increase from CNY 211,465,602.82 in the same period last year[38] - Net profit for Q3 2020 was CNY 26,162,094.68, compared to CNY 29,137,178.54 in Q3 2019, representing a decrease of approximately 10.1%[40] - The net profit for the period was ¥98,781,937.09, down 5.25% from ¥103,959,747.92 in the same period last year[52] - The total profit for the period was ¥110,269,255.41, a decrease of 5.29% compared to ¥116,762,820.43 in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,845,983,645.63, an increase of 1.68% compared to the end of the previous year[8] - The total liabilities of the company were CNY 365,514,721.03, compared to CNY 356,298,757.10 at the end of 2019, showing a slight increase of about 2.4%[32] - The company's equity attributable to shareholders increased to CNY 1,480,468,924.60 from CNY 1,459,167,621.54, marking a growth of approximately 1.5%[33] - Total assets as of Q3 2020 amounted to CNY 1,864,882,083.64, an increase from CNY 1,837,914,485.75 at the end of the previous quarter[36] - Total liabilities for Q3 2020 were CNY 379,905,241.18, compared to CNY 366,979,604.83 in the previous quarter[36] Cash Flow - The net cash flow from operating activities was ¥58,253,300.93, a significant increase of 522.86%[8] - Operating cash flow net amount decreased by 285.95% to -¥25,655,232.14, mainly due to reduced recovery of bid and guarantee deposits[16] - The net cash flow from operating activities was negative at -¥25,655,232.14, compared to a positive cash flow of ¥13,797,167.70 in the previous period[55] - The total cash inflow from operating activities was 466,170,114.12 CNY, slightly up from 462,279,191.96 CNY in the previous period, indicating stable operational performance[57] - The company experienced a net decrease in cash and cash equivalents of -586,948,961.83 CNY during the period, compared to -686,416,338.50 CNY in the previous period, indicating an improvement in cash management[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,785[12] - The largest shareholder, Yu Zhengyuan, holds 33.97% of the shares, amounting to 65,604,035 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Investments and Expenditures - The company raised ¥630,700,000.00 from issuing 35 million shares at ¥18.02 per share, with a net amount of ¥577,267,900.00 after fees[22] - The company reported a cash outflow of 1,041,692,967.22 CNY for investment activities, down from 1,497,656,557.88 CNY in the previous period, reflecting a decrease in capital expenditures[57] - The total cash outflow from investment activities was ¥1,043,399,894.26, compared to ¥1,490,818,760.60 in the previous period, showing a reduction in investment spending[56] Research and Development - The company is focusing on enhancing its research and development capabilities to drive future growth and market expansion[28] - Research and development expenses for Q3 2020 were CNY 13,631,656.06, slightly up from CNY 12,999,111.62 in the same period last year[39] - Research and development expenses increased to ¥35,875,735.03, up 8.36% from ¥33,100,050.42 in the previous period[50] Communication and Strategy - The company is actively engaging with investors and analysts to discuss its operational strategies and financial performance, as evidenced by multiple communication sessions held in August and September 2020[28] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[25]

证券代码：002879 证券简称：长缆科技 公告编号：2020-047 长缆电工科技股份有限公司 关于参加湖南辖区上市公司 2020 年度投资者 网上集体接待日活动的公告 本公司及全体董事会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。 为进一步强化与投资者的沟通交流，使广大投资者能更深入全面地了解公司情况， 长缆电工科技股份有限公司（以下简称"公司"）将参加由中国证券监督管理委员会 湖南监管局、湖南省上市公司协会与深圳市全景网络有限公司联合举办的"湖南辖区 上市公司2020年度投资者网上集体接待日活动"，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的互联网平 台，采 取网络 远程 的方式 举行， 投资 者 可以登 录"全 景· 路演天 下"网站 （http://rs.p5w.net/）参与公司本次投资者集体接待日活动。活动时间为2020年9月11日 （星期五）下午15:00-17:00。 届时公司董事会秘书兼财务总监黄平先生、证券事务代表刘丽红女士将通过网络 文字交流形式与投资者进行交流与沟通。欢迎广大投资者积极参与。 特此公告。 长缆 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥420,541,985.21, representing a 17.74% increase compared to ¥357,186,972.71 in the same period last year[17]. - The net profit attributable to shareholders was ¥79,879,183.93, up 7.73% from ¥74,150,265.07 in the previous year[17]. - Basic earnings per share increased by 15.79% to ¥0.44 from ¥0.38 in the previous year[17]. - The operating cost increased to ¥193,711,559.67, up 16.00% from ¥166,986,397.01 in the previous year[42]. - The total profit for the first half of 2020 was ¥89,473,641.03, compared to ¥84,494,362.79 in the first half of 2019, reflecting a growth of 4.6%[154]. - The total operating revenue for the first half of 2020 reached ¥420,541,985.21, an increase of 17.7% compared to ¥357,186,972.71 in the same period of 2019[152]. - Net profit for the first half of 2020 was ¥79,879,183.93, representing a 7.3% increase from ¥74,150,265.07 in the first half of 2019[154]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at ¥83,908,533.07, a significant decrease of 1,987.86% compared to a positive cash flow of ¥4,444,648.90 in the same period last year[17]. - The company's cash and cash equivalents decreased by 72.27% compared to the beginning of the period, primarily due to uncollected receivables and dividend payments[29]. - The company's total assets at the end of the reporting period were ¥1,788,338,007.01, a decrease of 1.49% from ¥1,815,466,378.64 at the end of the previous year[17]. - The company's cash inflow from operating activities decreased to 276,366,904.58 yuan in 2020 from 319,207,543.05 yuan in 2019, reflecting a decline of approximately 13.4%[162]. - The ending cash and cash equivalents balance decreased to 212,943,337.14 yuan in 2020 from 289,547,080.81 yuan in 2019, a decline of approximately 26.5%[163]. - The net cash flow from operating activities for the parent company was -77,640,181.74 yuan in 2020, compared to -20,706,940.32 yuan in 2019, indicating a significant decline in operational cash flow[166]. Research and Development - The company invested over 5% of its main business income in R&D expenses on average over the past three years, with a continuous increase in investment to support ongoing product development[32]. - Research and development investment reached ¥24,828,628.06, marking an 18.77% increase from ¥20,905,111.33 year-on-year[42]. - The company has a strong R&D capability, focusing on core technologies such as insulation material development and cable accessory structure design[27]. - The company has developed new products such as various insulating self-adhesive tapes and fire-resistant materials to meet market demands[38]. Market Position and Strategy - The company specializes in the research, production, sales, and service of power cable accessories and related products, with over 60 years of experience in the industry[25]. - The company is positioned as a leading enterprise in the cable accessory industry, benefiting from its long history and strong technical capabilities[28]. - The company plans to establish 24 provincial marketing agencies within three years to enhance its sales network and improve market penetration[33]. - The company directly participates in bidding for projects from major clients like the State Grid and Southern Power Grid, enhancing its market share[26]. - The company operates in a mature industry with a stable market structure, facing strong competition in the medium-low voltage segment but having a higher market concentration in the high voltage segment[28]. Risks and Challenges - The company faces significant risks in its future operations, which are detailed in the report[5]. - The company faces risks related to macroeconomic changes, market competition, and fluctuations in raw material prices, which could impact demand and profitability[76][77]. - The company has a high customer concentration risk, primarily relying on State Grid and Southern Grid for sales, which could affect revenue if procurement policies change[77]. Shareholder Information - The company completed its share repurchase plan, acquiring a total of 13,416,687 shares, representing 6.95% of the total share capital, with a total transaction amount of ¥198,918,470.76[106]. - The largest shareholder, Yu Zhengyuan, holds 65,604,035 shares, while the second largest, Wu Xiaolin, holds 1,818,288 shares[135]. - The company reported a total of 19,281 common shareholders at the end of the reporting period[124]. Compliance and Accounting - The financial report for the first half of 2020 was not audited[142]. - The company adheres to the enterprise accounting standards, ensuring that its financial reports accurately reflect its financial position and operating results[185]. - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[183].

Financial Performance - The company's operating revenue for Q1 2020 was ¥164,509,901.67, representing a 10.04% increase compared to ¥149,505,176.02 in the same period last year[8] - Net profit attributable to shareholders was ¥29,496,222.45, up 14.76% from ¥25,701,645.13 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥27,951,515.43, reflecting a 16.79% increase from ¥23,933,033.28 in the previous year[8] - The basic earnings per share increased by 21.80% to ¥0.1620 from ¥0.1330 in the same period last year[8] - Operating profit for the first quarter reached CNY 35,327,520.80, up from CNY 29,747,588.26, reflecting a growth of 18.5% year-over-year[54] - The total comprehensive income for the first quarter was CNY 31,368,108.93, which is a 17.5% increase from CNY 26,732,517.03 in the same quarter last year[54] Cash Flow and Investments - The net cash flow from operating activities was negative at -¥64,788,711.30, a significant decline of 499.05% compared to ¥16,235,729.22 in the previous year[8] - Operating cash flow for Q1 2020 was -64,788,711.30 CNY, a decrease of 499.05% compared to the same period last year, primarily due to reduced collections and increased payments[17] - Cash flow from operating activities showed a net outflow of CNY 64,788,711.30, contrasting with a net inflow of CNY 16,235,729.22 in the prior year[57] - Cash outflow from investing activities totaled CNY 519,752,222.63, compared to CNY 388,747,004.49 in the same period last year, indicating an increase in investment expenditures[57] - The company reported a decrease in accounts payable from CNY 264,089,539.61 to CNY 222,929,283.90, reflecting improved cash flow management[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,768,144,926.19, down 2.61% from ¥1,815,466,378.64 at the end of the previous year[8] - The company's total assets decreased to CNY 1,803,178,443.16 from CNY 1,837,914,485.75[45] - Total liabilities decreased to CNY 320,810,204.76 from CNY 366,979,604.83, indicating a reduction in financial obligations[45] - The company's total equity increased to CNY 1,482,368,238.40 from CNY 1,470,934,880.92, showing a positive trend in shareholder value[45] - Total liabilities decreased from CNY 356.30 million to CNY 299.42 million, a decline of about 16%[42] Share Buyback and Equity - The company completed a share buyback plan, repurchasing 13,416,687 shares, which is 6.95% of the total share capital, with a total transaction amount of 198,918,470.76 CNY[18] - As of April 1, 2020, the share buyback plan was fully implemented[27] - The highest transaction price during the share buyback was 17.38 CNY per share, and the lowest was 12.96 CNY per share[18] Research and Development - Research and development expenses for Q1 2020 were CNY 9,618,808.85, up from CNY 8,026,180.22 in the previous period, indicating a focus on innovation[48] Compliance and Governance - The company reported no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[29] - There were no instances of non-compliance with external guarantees during the reporting period[33] - The company did not report any non-operational fund occupation by controlling shareholders or related parties[34] - The company has not engaged in any entrusted financial management activities during the reporting period[31] - The company reported no derivative investments during the reporting period[32] Other Financial Metrics - The company reported a 2855.63% increase in credit impairment losses, amounting to -¥2,231,759.10, primarily due to increased provisions for bad debts[16] - The company's weighted average return on equity was 2.01%, an increase of 0.32% from 1.69% in the previous year[8] - The company incurred CNY 44,216,724.06 in employee compensation during the quarter, up from CNY 34,753,286.52 in the previous year, reflecting a rise of 27.1%[57] - The company has implemented new revenue and leasing standards starting from 2020, with no retrospective adjustments applicable[68]

Financial Performance - The company's operating revenue for 2019 was CNY 852,775,282.90, representing a 22.75% increase compared to CNY 694,744,918.22 in 2018[15] - The net profit attributable to shareholders for 2019 was CNY 145,703,084.09, up 13.55% from CNY 128,315,226.08 in the previous year[15] - The net cash flow from operating activities increased significantly by 159.29% to CNY 155,771,476.75, compared to CNY 60,077,134.83 in 2018[15] - The basic earnings per share for 2019 was CNY 0.77, a 16.67% increase from CNY 0.66 in 2018[15] - The net profit after deducting non-recurring gains and losses was CNY 126,979,765.49, reflecting a 5.52% increase from CNY 120,331,837.26 in the previous year[15] Assets and Liabilities - Total assets at the end of 2019 were CNY 1,815,466,378.64, a slight decrease of 0.26% from CNY 1,820,112,963.36 at the end of 2018[16] - The net assets attributable to shareholders decreased by 2.98% to CNY 1,459,167,621.54 from CNY 1,504,043,455.84 in 2018, primarily due to stock repurchases[16] Dividends - The company plans to distribute a cash dividend of CNY 2.1 per 10 shares, totaling CNY 38,271,000.00 based on the number of shares after repurchase[5] - The total cash dividends paid in 2019 represented 26.13% of the net profit attributable to the company's shareholders[104] - The company's distributable profit for 2019 was reported at 629,555,137.68 CNY[105] Research and Development - The company has a strong R&D capability, focusing on high-voltage insulation materials and cable accessory system design, which are key drivers for future growth[27] - The company has invested over 5% of its main business income in R&D expenses on average over the past three years, demonstrating a commitment to continuous innovation[31] - The company has established advanced R&D testing facilities, including multiple high-voltage testing halls, supporting the development of high-voltage cable accessories[32] Market Expansion and Sales - The company aims to expand its market share by enhancing its direct sales business and leveraging existing distributor networks[26] - The company plans to establish or upgrade 24 provincial marketing agencies within three years, focusing on enhancing its sales network across various market levels[34] - The company plans to establish sales agencies in 150 county-level cities to further penetrate the market[42] Inventory and Production - The company has established a robust inventory management system to ensure stable production and quality control[26] - The total sales volume of cable accessories reached 1,016,556 units, an increase of 10.42% from 920,590 units in the previous year[51] - The company reported a significant increase in production volume for the cable industry, rising by 31.76% to 11,553 meters[52] Governance and Compliance - The company has maintained its commitment to avoid related party transactions and ensure proper governance practices[110] - The company has no significant accounting errors that require retrospective restatement during the reporting period[116] - The company has no major litigation or arbitration matters during the reporting period[119] Share Repurchase - The company repurchased a total of 10,510,527 shares, accounting for 5.44% of the total share capital, with a total transaction amount of approximately 151.92 million RMB[145] - The company plans to continue its share repurchase program as part of its strategy to enhance shareholder value[157] Employee and Management - The total number of employees in the company is 1,236, with 1,000 in the parent company and 236 in major subsidiaries[192] - The company has established a performance-oriented compensation system, focusing on job responsibilities and work performance as the basis for salary determination[193] - The management team includes professionals with extensive backgrounds in engineering and finance, enhancing the company's strategic direction[182] Environmental and Social Responsibility - The company has committed to energy conservation and emission reduction, optimizing product structure and improving production efficiency to achieve these goals[136] - The company has not initiated any precise poverty alleviation work during the reporting year and has no subsequent plans for such initiatives[139] Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[186] - The company plans to focus on developing higher voltage level cable accessories and smart grid equipment, with ongoing R&D efforts in these areas[88]

Financial Performance - Operating revenue for the reporting period was CNY 211,465,602.82, representing a year-on-year increase of 32.49%[8] - Net profit attributable to shareholders was CNY 29,137,178.54, an increase of 33.47% compared to the same period last year[8] - Basic earnings per share for the reporting period were CNY 0.15, up 36.36% year-on-year[8] - Total operating revenue for the current period reached ¥211,465,602.82, an increase of 32.5% compared to ¥159,605,026.62 in the previous period[43] - Net profit for the current period was ¥29,137,178.54, a rise of 33.4% compared to ¥21,830,777.82 in the prior period[44] - Total profit for the current period was ¥31,667,575.68, an increase of 32.5% from ¥23,913,954.95 in the prior period[44] - Net profit for the period was ¥103,287,443.61, representing a 9.5% increase from ¥94,786,853.00 in the same period last year[52] - The total profit for the period was ¥116,161,938.47, compared to ¥107,129,338.39 in the previous year, marking an increase of 8.6%[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,740,024,502.43, a decrease of 4.40% compared to the end of the previous year[8] - The company's total liabilities decreased from CNY 316,069,507.52 to CNY 276,366,467.34, a decrease of around 12.5%[35] - Current liabilities decreased from CNY 267,649,000.08 to CNY 232,614,955.45, a reduction of about 13.1%[35] - Non-current assets increased from CNY 281,578,840.83 to CNY 301,342,946.51, an increase of approximately 7.0%[34] - The equity attributable to shareholders decreased from CNY 1,504,043,455.84 to CNY 1,463,658,035.09, a decline of about 2.7%[36] Cash Flow - Cash flow from operating activities showed a net decrease of 47.64%, amounting to CNY 9,352,518.80[8] - Cash and cash equivalents decreased significantly from CNY 887,477,001.63 to CNY 364,441,974.19, a drop of approximately 59.0%[38] - The ending balance of cash and cash equivalents was CNY 239,900,089.09, a decrease from CNY 125,604,743.35 year-over-year[61] - The company generated cash flow from operating activities of ¥459,596,601.02, compared to ¥402,577,896.94 in the previous period[59] - Net cash flow from operating activities was CNY 13,797,167.70, down 5% from CNY 14,526,307.70 year-over-year[60] - Cash outflow from investing activities reached CNY 1,490,818,760.60, a decrease of 42.8% compared to CNY 2,608,247,392.03 in the previous period[61] - Net cash flow from investing activities was -CNY 526,974,677.35, compared to -CNY 480,232,965.05 in the previous year[61] - Cash outflow from financing activities was CNY 143,672,864.36, significantly higher than CNY 20,690,104.35 in the previous period[65] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,360[12] - The top shareholder, Yu Zhengyuan, holds 33.97% of the shares, amounting to 65,604,035 shares, with a portion pledged[12] - As of September 30, 2019, the company has repurchased a total of 7,512,187 shares, accounting for 3.89% of the total share capital, with a total transaction amount of 105,028,208.56 RMB (excluding transaction fees) [21] - The highest repurchase price recorded was 14.98 RMB per share, while the lowest was 12.96 RMB per share during the repurchase period [21] - The company has disclosed its share repurchase plan and has been actively executing it since May 2019 [18] Other Financial Metrics - The weighted average return on net assets was 1.94%, an increase of 0.44% compared to the previous year[8] - The company reported a significant increase in other income, which rose by 1384.59% to CNY 2,190,396.31 due to government subsidies[16] - The company’s accounts receivable increased from 436,171,051.06 RMB at the end of 2018 to 465,581,580.10 RMB by September 30, 2019 [33] - The company’s inventory increased from 136,514,158.84 RMB at the end of 2018 to 147,321,343.86 RMB by September 30, 2019 [33] - Research and development expenses increased to ¥12,999,111.62, reflecting a growth of 9.1% from ¥11,914,867.79 in the previous period[43] - The company reported a credit impairment loss of ¥645,442.51, compared to no such loss in the previous period[47] - Investment income for the current period was ¥2,651,889.81, down from ¥4,405,288.09 in the previous period[44] - The company reported an investment income of ¥6,643,960.17, down from ¥13,101,575.60 in the previous period[50]