长飞光纤光缆中期报告2024

CONTENTS 2Definitions and Glossary of Technical Terms5Corporate Information9Financial Highlights10Consolidated Balance Sheet13Company Balance Sheet16Consolidated Income Statement19Company Income Statement21Consolidated Statement of Cash Flow25Company Statement of Cash Flow29Consolidated Statement of Changes in Shareholders’ Equity31Company Statement of Changes in Shareholders’ Equity33Notes to Unaudited Interim Financial Statements287 Management Discussion and Analysis307 Other Information DEFINITIONS AND GLOSSARY OF TECHNICAL TERMS DEFINITIONS AND GLOSSARY OF TECHNICAL TERMS BOARD OF DIRECTORS EXECUTIVE DIRECTOR Mr. Zhuang Dan NON-EXECUTIVE DIRECTORS Mr. Ma Jie(Chairman)Mr. Philippe Claude VanhilleMr. Guo TaoMr. Pier Francesco FacchiniMr. Lars Frederick Persson(appointed on 18 June 2024)Mr. Xiong XiangfengMr. Mei YongMr. Iuri Longhi (resigned on 18 June 2024) INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Bingsheng TengMr. Song WeiDr. Wong Tin Yau, KelvinMs. Li Chang’ai BOARD COMMITTEES AUDIT COMMITTEE Mr. Song Wei(Chairman)Dr. Wong Tin Yau, KelvinMs. Li Chang’ai NOMINATION AND REMUNERATIONCOMMITTEE Mr. Bingsheng Teng(Chairman)Mr. Guo TaoMr. Song Wei STRATEGY COMMITTEE Mr. Ma Jie(Chairman)Mr. Philippe Claude VanhilleMr. Zhuang DanMr. Bingsheng Teng CORPORATE INFORMATION BOARD OF SUPERVISORS Mr. Li Ping(Chairman)Dr. Li ZhuoMr. Xiong Zhuang(employee representative supervisor) REGISTERED NAME OF THE COMPANY INCHINESE NAME OF THE COMPANY IN ENGLISH Yangtze Optical Fibre and Cable Joint Stock LimitedCompany Yangtze Optical Fibre and Cable JointStock Limited Company LEGAL REPRESENTATIVE OF THE COMPANY Mr. Ma Jie AUTHORISED REPRESENTATIVES Mr. Zhuang DanMs. Lai Siu Kuen SECRETARY OF THE BOARD Mr. Zheng Xin COMPANY SECRETARY Ms. Lai Siu Kuen AUDITORS KPMG Huazhen LLPPublic Interest Entity Auditor recognisedin accordance with the Financial Reporting CouncilOrdinance LEGAL ADVISORS TO THE COMPANY Simpson Thacher & Bartlett (as to Hong Kong law)Commerce & Finance Law Offices (as to PRC law) REGISTERED OFFICE 9430073 No. 9 Guanggu Avenue,East Lake High-tech Development Zone, Wuhan,Hubei Province 430073, the PRC PRINCIPAL PLACE OF BUSINESS IN THE PRC 9430073 No. 9 Guanggu Avenue,East Lake High-tech Development Zone, Wuhan,Hubei Province 430073, the PRC PRINCIPAL PLACE OF BUSINESS IN HONGKONG 5/F, Manulife Place348 Kwun Tong RoadKowloonHong Kong 3485 H H SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PLACE OF LISTING The Stock Exchange of Hong Kong LimitedThe Shanghai Stock Exchange STOCK CODE 06869601869 Hong Kong Stock Exchange06869SSE601869 CORPORATE INFORMATION CONTACT INFORMATION INVESTOR RELATIONSHIP DEPARTMENT +8627 6878 9088+8627 6878 90899430073ir@ yofc.com +8627 6878 9088+8627 6878 9089No. 9 Guanggu Avenue,East Lake High-techDevelopment Zone,Wuhan, Hubei Province,430073,the PRCir@yofc.com Tel:Fax:Address of Headquarters: www.yofc.com www.yofc.com For the six months ended 30 June 2024, the Group’soperating results were as follows: •5,348.11,567.122.7% •Total revenue was approximately RMB5,348.1million, decreased by approximately RMB1,567.1million, representing an approximately 22.7%decrease as compared to the same period of lastyear.•Gross profit was approximately RMB1,492.1 million,decreased by approximately RMB312.3 million,representing an approximately 17.3% decrease ascompared to the same period of last year.•Profit attributable to equity shareholders of theCompany was approximately RMB377.7 million,decreased by approximately RMB229.3 million,representing an approximately 37.8% decrease ascompared to the same period of last year.•The Group’s revenue from domestic customersdecreased by approximately 20.0%, as comparedwith the same period of last year. The Group’srevenue from overseas customers decreased byapproximately 27.6%, as compared with the sameperiod of last year.•The Board did not recommend any interim dividendfor the Period. •1,492.1312.317.3% •377.7229.337.8% •20.0%27.6% • CONSOLIDATED BALANCE SHEET (Expressed in Renminbi “RMB”) CONSOLIDATED BALANCE SHEET CONSOLIDATED BALANCE SHEET (Expressed in Renminbi “RMB”) The financial statements were approved by the Board ofDirectors on 23 August 2024. COMPANY BALANCE SHEET (Expressed in Renminbi “RMB”) COMPANY BALANCE SHEET (Expressed in Renminbi “RMB”) COMPANY BALANCE SHEET (Expressed in Renminbi “RMB”) The financial statements were approved by the Board ofDirectors on 23 August 2024. 2024823 Ma jieLegal representative of theCompany(Signature and Seal) Zhuang DanThe person in charge ofaccounting affairs(Signature and Seal) CONSOLIDATED INCOME STATEMENT (Expressed in Renminbi “RMB”) CONSOLIDATED INCOME STATEMENT (Expressed in Renminbi “RMB”) CONSOLIDATED INCOME STATEMENT (Expressed in Renminbi “RMB”) 2024823 The financial statements were approved by the Board ofDirectors on 23 August 2024. Zhuang DanThe person i