股市必读：东方电缆（603606）7月31日董秘有最新回复

Core Viewpoint - The company is experiencing a decline in stock price despite having a substantial order backlog, raising concerns among investors about its financial health and management practices [4][5][6]. Group 1: Financial Performance - As of July 31, 2025, the company's stock closed at 47.41 yuan, down 0.8%, with a trading volume of 81,300 shares and a turnover of 387 million yuan [1]. - The company reported a significant increase in accounts receivable, reaching 3.317 billion yuan, while cash flow per share decreased [3]. - The company has an order backlog of approximately 18.9 billion yuan, with 11.5 billion yuan in subsea and high-voltage cables, 4.4 billion yuan in power engineering and equipment cables, and 3 billion yuan in marine equipment and engineering operations [3][6]. Group 2: Strategic Initiatives - The company aims for overseas revenue to account for over 10% of total revenue by the end of the 14th Five-Year Plan, with ongoing projects in the Netherlands and South Scotland [2]. - The company has established a "3+1" industrial system, with the "+1" focusing on overseas market expansion [2]. Group 3: Corporate Governance - The company is preparing for the election of its seventh board of directors, which will consist of nine members, including three independent directors [12]. - The election process will utilize a cumulative voting system, with a deadline for candidate nominations set for August 8, 2025 [12]. Group 4: Market Sentiment - Investor sentiment is negative, with concerns about the company's management and stock performance compared to industry peers [4][5][6]. - The company has implemented a share buyback program, committing to repurchase shares worth between 100 million and 200 million yuan, with a total of 2,249,766 shares repurchased at prices ranging from 42.88 to 55.83 yuan per share [5][6]. Group 5: Quality Assurance - The company adheres to ISO 9001 international quality management standards, emphasizing quality management throughout its operations [10]. - Continuous improvement initiatives are in place to enhance product quality and service levels [10].