远程股份(002692) - 2025 Q2 - 季度财报

Important Notice, Table of Contents, and Definitions This section provides essential disclaimers, outlines the report's structure, and defines key terms for clarity Important Notice The company's board and senior management guarantee the report's truthfulness, accuracy, and completeness, while forward-looking statements do not constitute substantive commitments, and no cash dividends, bonus shares, or capital reserve conversions are planned - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the report's content[4] - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[6] - Forward-looking statements in the report do not constitute substantive commitments, involve uncertainties, and investors are advised to be aware of investment risks[5] Table of Contents The report's clear table of contents lists nine main chapters, providing comprehensive information navigation from company profile to financial reports and other submitted data - The report comprises nine main chapters, covering company overview to financial reports and other submitted data[9] Definitions This section defines key terms used in the report, including company name, reporting period, currency units, and names of major related parties and subsidiaries, ensuring accurate understanding of the report's content - The reporting period refers to January 1, 2025, to June 30, 2025[15] - Key related parties include Jiangsu Asset Management Co., Ltd., Wuxi Suxin Industrial Optimization and Adjustment Investment Partnership (Limited Partnership), and Wuxi Lianxin Asset Management Co., Ltd[15] Company Profile and Key Financial Indicators This section introduces the company's basic information, contact details, and presents key accounting data and financial indicators Company Profile Yuan Cheng Cable Co., Ltd., stock abbreviation "Yuan Cheng Shares" and stock code 002692, is listed on the Shenzhen Stock Exchange, with Zhao Jun as its legal representative - The company's stock abbreviation is 'Yuan Cheng Shares', stock code 002692, listed on the Shenzhen Stock Exchange[18] - The company's legal representative is Zhao Jun[18] Contact Person and Information The company's Board Secretary is Qiu Zhen, and the Securities Affairs Representative is Lu Ziwei, both located at No. 8 Yuancheng Road, Yixing City, Jiangsu Province, with contact phone and fax (0510) 80777896 and email IR@yccable.cn - The Board Secretary is Qiu Zhen, and the Securities Affairs Representative is Lu Ziwei[19] - The company's contact phone and fax are (0510) 80777896, and the email address is IR@yccable.cn[19] Other Information During the reporting period, there were no changes in the company's registered address, office address, website, email, or information disclosure and filing locations, consistent with the 2024 annual report - The company's contact information, information disclosure, and filing locations remained unchanged during the reporting period[20][21] Key Accounting Data and Financial Indicators In H1 2025, the company's operating revenue increased by 18.46% to 2.26 billion yuan, while net profit attributable to shareholders decreased by 1.67% to 41.96 million yuan; net cash flow from operating activities significantly dropped by 71.42% to -364.49 million yuan, total assets decreased by 1.11%, and net assets attributable to shareholders increased by 2.35% Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (yuan) | Prior Period (yuan) | Current Period vs. Prior Period Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,256,480,667.06 | 1,904,803,244.13 | 18.46% | | Net Profit Attributable to Shareholders of the Listed Company | 41,956,556.76 | 42,668,987.91 | -1.67% | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-Recurring Gains and Losses | 27,034,032.74 | 34,814,680.32 | -22.35% | | Net Cash Flow from Operating Activities | -364,490,274.47 | -212,626,456.64 | -71.42% | | Basic Earnings Per Share (yuan/share) | 0.06 | 0.06 | -1.68% | | Diluted Earnings Per Share (yuan/share) | 0.06 | 0.06 | -1.68% | | Weighted Average Return on Net Assets | 3.52% | 3.74% | -0.22% | | Period-End Indicators | Current Period-End (yuan) | Prior Year-End (yuan) | Current Period-End vs. Prior Year-End Change | | Total Assets | 3,124,871,145.89 | 3,159,860,196.33 | -1.11% | | Net Assets Attributable to Shareholders of the Listed Company | 1,202,017,135.87 | 1,174,423,499.11 | 2.35% | Differences in Accounting Data Under Domestic and Overseas Accounting Standards During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under International Accounting Standards or overseas accounting standards and Chinese Accounting Standards - The company had no differences in accounting data under domestic and overseas accounting standards during the reporting period[24][25] Non-Recurring Gains and Losses Items and Amounts The company's total non-recurring gains and losses for the reporting period amounted to 14.92 million yuan, primarily from disposal gains/losses of non-current assets, government grants, reversal of impairment provisions for receivables, and gains/losses from contingent events unrelated to normal operations Non-Recurring Gains and Losses Items and Amounts for H1 2025 | Item | Amount (yuan) | | :--- | :--- | | Disposal gains/losses of non-current assets | 2,523,332.92 | | Government grants recognized in current profit or loss | 1,232,852.83 | | Reversal of impairment provisions for receivables subject to separate impairment testing | 2,797,159.20 | | Gains/losses from contingent events unrelated to the company's normal operations | 8,737,041.83 | | Other non-operating income and expenses apart from the above | 740,889.45 | | Less: Income tax impact | 1,108,752.21 | | Total | 14,922,524.02 | - The company has no other profit or loss items that meet the definition of non-recurring gains and losses, nor has it classified non-recurring gains and losses as recurring gains and losses[28] Management Discussion and Analysis This section provides an in-depth analysis of the company's main business, core competitiveness, financial performance, investment activities, and risk management strategies Company's Main Business Activities During the Reporting Period The company's main business involves R&D, production, and operation of wires and cables, widely applied in power, rail transit, and new energy sectors, recognized as a "National Specialized, Refined, Unique, and New Little Giant Enterprise," operating on a make-to-order model, with industry growth driven by macroeconomic trends and new infrastructure investments, and emerging opportunities from 5G, new energy, and AI Overview of Company's Main Business The company specializes in the wire and cable industry, offering products such as power cables up to 500kV, special cables, bare conductors, and electrical equipment wires, extensively used in major projects like State Grid, nuclear power plants, and new energy, holding multiple national honors and certifications, and competitive advantages in niche markets like nuclear-grade and fire-resistant cables - The company's main business is the R&D, production, and operation of wire and cable products, covering four major categories: power cables, special cables, bare conductors, and electrical equipment wires and cables[30] - The company is recognized as a 'National Specialized, Refined, Unique, and New Little Giant Enterprise', 'National 5G Factory', 'National High-tech Enterprise', and possesses a provincial engineering technology research center and a national postdoctoral research workstation[30] - The company holds competitive advantages in nuclear power plant cables, high-voltage cross-linked polyethylene insulated power cables, mineral insulated cables, and carbon fiber conductors[31] Business Model The company's cable business primarily operates on a make-to-order model, securing orders through customer bidding and formulating production plans based on these orders, while continuously investing in technological innovation, new product R&D, and talent acquisition, and obtaining various domestic and international quality management system and product certifications to ensure product quality and market competitiveness - The company's cable business primarily operates on a make-to-order model, where production plans are formulated based