Financial Performance - The company's operating revenue for 2022 was ¥988,910,933.78, a decrease of 6.51% compared to ¥1,057,767,801.21 in 2021[23] - The net profit attributable to shareholders for 2022 was ¥29,754,491.34, representing a significant decline of 78.80% from ¥140,380,899.96 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,921,982.10, down 93.27% from ¥117,679,325.82 in 2021[23] - The basic earnings per share for 2022 was ¥0.15, a decrease of 80.77% compared to ¥0.78 in 2021[23] - The revenue from cable accessories and related products was CNY 980.42 million, accounting for 99.14% of total revenue, down 7.08% year-on-year[49] - The sales volume of cable accessories and related products decreased by 4.31% to 1,181,478 units in 2022[52] - The company reported a gross margin of 44.16% for cable accessories, a decrease of 4.82 percentage points year-on-year[51] - The production volume of cable accessories was 1,179,849 units, down 5.07% from the previous year[53] - The company reported a total revenue of 1.5 billion RMB for the year 2022, representing a year-over-year growth of 12%[95] - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan for the fiscal year, representing a 15% year-over-year growth[118] Assets and Liabilities - The total assets at the end of 2022 were ¥2,219,758,361.24, an increase of 4.38% from ¥2,126,575,549.34 at the end of 2021[23] - The net assets attributable to shareholders at the end of 2022 were ¥1,685,510,970.18, up 3.08% from ¥1,635,076,308.69 at the end of 2021[23] - The company's total assets as of December 31, 2022, amounted to CNY 2.22 billion, with total equity of CNY 1.69 billion[47] - The company’s construction in progress increased significantly, accounting for 9.07% of total assets at the end of 2022, up from 2.26% at the beginning of the year, reflecting a 6.81% increase in proportion[70] Cash Flow - The company reported a cash flow from operating activities of ¥37,165,660.15, a decrease of 63.34% from ¥101,381,991.63 in 2021[23] - The net cash flow from operating activities decreased by 63.34% year-on-year, primarily due to a reduction in cash received from sales of goods and services[65] - The total cash and cash equivalents decreased by 147.93% year-on-year, indicating a significant cash outflow during the period[65] - Cash and cash equivalents accounted for 28.83% of total assets at the end of 2022, down from 38.16% at the beginning of the year, reflecting a 9.33% decrease in proportion[70] Research and Development - The company has invested over 5% of its main business income in R&D expenses annually over the past three years, continuously enhancing its R&D capabilities and supporting the development of new products[43] - Research and development expenses for 2022 were ¥76,089,884.22, a decrease of 0.79% compared to ¥76,693,277.35 in 2021[61] - The proportion of R&D expenses to operating income increased to 7.69% in 2022 from 7.25% in 2021[63] - The number of R&D personnel increased by 6.69% to 255 in 2022, with R&D personnel accounting for 16.53% of the total workforce[63] - Investment in R&D increased by 25% in 2022, focusing on innovative technologies and product development[96] Market Position and Strategy - The company operates in a favorable industry environment, with a 13.3% year-on-year increase in electricity investment and a 22.8% increase in power generation investment in 2022[34] - The company is positioned in the high-voltage cable accessory market, being one of the few capable of independently developing and producing 500kV and above ultra-high voltage cable accessories[36] - The company has a competitive advantage in the high-voltage market, with a focus on technology-driven development and diversification into new materials and smart technologies[36] - The company is expected to benefit from increased investments in the power grid, with the State Grid planning to invest over CNY 520 billion in 2023[34] - The company plans to continue investing in R&D and expanding its product offerings despite the competitive market environment[47] Shareholder and Governance - The company reported a cash dividend of 1.50 CNY per 10 shares, totaling 28,966,146 CNY for the fiscal year 2022[136] - The total distributable profit for the company was 800,747,516.69 CNY, with the cash dividend accounting for 100% of the total profit distribution[136] - The company has established a three-year dividend return plan to ensure a stable return mechanism for shareholders[136] - The company emphasizes investor relations management, conducting annual report online briefings and investor visits to enhance communication[104] - The company maintains complete independence from its controlling shareholder in terms of business, assets, personnel, and finance, with no shared assets or conflicts of interest[105] Social Responsibility and Sustainability - The company emphasizes environmental protection and has implemented measures to reduce waste and improve production efficiency[149] - The company actively engages in social responsibility initiatives, including donations to educational funds and community support activities[149] - The management emphasized a commitment to sustainability, aiming for a 40% reduction in carbon emissions by 2025[99] Future Outlook - The company provided a future outlook projecting a revenue growth of 15% for 2023, driven by new product launches and market expansion strategies[95] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[95] - New product lines are anticipated to contribute an additional 200 million RMB in revenue in 2023[96] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan allocated for potential deals[120]

编号：2020-002 证券代码：002879 证券简称：长缆科技 长缆电工科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |--------------------|--------------------------------|-------------|-------------------|-------| | | □ 特定对象调研 □分析师会议 | | | | | 投资者关系活动类别 | □ 媒体采访 □利润说明会 | | | | | | □ 新闻发布会 □路演活动 | | | | | | □ 现场参观 | | 其他 （电话会议） | | | | 序号 | 姓名 | 公司 | | | | 1 | 邬博华 | 长江证券 | | | | 2 | 刘统 | 国寿养老 | | | | 3 | 舒强 | 华润元大 | | | 参与单位名称及 | 4 | 徐明德 | 华泰资产 | | | 人员姓名 | 5 | 张宏钧 | 鹏华基金 | | | | 6 | 张甡 | 平安养老保险 | | | | 7 | 朱光灵 | 湘财基金 | | | | 8 | 黄晓磊 ...

编号：2020-005 证券代码：002879 证券简称：长缆科技 长缆电工科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |----------------|--------------------------|--------------------------|-------| | | | | | | | □ | 特定对象调研 □分析师会议 | | | 投资者关系活动 | □ 媒体采访 □利润说明会 | | | | 类别 | □ 新闻发布会 □路演活动 | | | | | □ 现场参观 | 其他 （电话会议） | | | | 序号 姓名 | 公司 | | | | 1 韩启明 | 申万宏源 | | | | 2 张雷 | 申万宏源 | | | | 3 | 东兴证券 | | | | | | | | | 4 徐玲玲 | 东吴人寿 | | | | 5 | 中天证券 | | | | 6 黄华栋 | 中科沃土基金管理有限公司 | | | 参与单位名称及 | 7 | 华夏基金管理有限公司 | | | | 8 丁雅琴 | 君投资本 | | | 人员姓名 | 9 | 天风证券 | ...

编号：2020-003 证券代码：002879 证券简称：长缆科技 长缆电工科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |--------------------|------------|----------------------|--------------------------|-------| | | □ | | 特定对象调研 □分析师会议 | | | 投资者关系活动类别 | □ | 媒体采访 □利润说明会 | | | | | □ | 新闻发布会 □路演活动 | | | | | □ 现场参观 | | 其他 （电话会议） | | | 参与单位名称及 | 序号 | 姓名 | 公司 | | | 人员姓名 | 1 | 游家训 | 招商证券 | | | | 2 | 彭子恒 | 北京宏道投资 | | | | 3 | 杨凯 | 德同投资 | | | | 4 | 张超 | 点金投资 | | | | 5 | 王吉琪 | 禾其投资 | | | | 6 | 胡斌 | 华夏基金 | | | | 7 | 朱瑾 | 凯读投资 | | | | 8 | 王伯强 | 群益 ...

编号：2020-004 证券代码：002879 证券简称：长缆科技 长缆电工科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | --- | --- | |-----------------------|--------------------------------|----------------------|---------------------------------------------------------------------------------------------------|-------|--------|---------------------------| | 投资者关系活动 \n类别 | □ \n□ \n□ \n□ 现场参观 \n序号 | 姓名 | 特定对象调研 □分析师会议 \n媒体采访 □利润说明会 \n新闻发布会 □路演活动 \n其他 （电话会议） \n公司 | 序号 | 姓名 | 公司 | | | 1 | 曾朵红 | 东吴证券 | 19 | 魏延军 | 沃胜资产 | | | 2 | 柴嘉辉 | 东吴证券 | ...

编号：2020-008 证券代码：002879 证券简称：长缆科技 长缆电工科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------------|---------------|------------------|---------------------------------------------------| | | | | 特定对象调研 □分析师会议 | | | □ | | 媒体采访 □利润说明会 | | 投资者关系活动类别 | | | □新闻发布会 □路演活动 | | | □ | 现场参观 □其他 | | | | 序号 | 姓名 | 公司 | | | 1 | 刘易 | 国泰君安 | | | 2 | 陈超 | 国泰君安 | | | 3 | 周昊 | 国泰君安 | | | 4 | 周园 | 国泰君安 | | 参与单位名称及 | 5 | 谭晓 | 湖南华尔融世资产管理有限公司 | | 人员姓名 | 6 | 张芸璐 | 湖南华尔融世资产管理有限公司 | | | 7 | 袁子杨 | 吉祥人寿保险股份有限公司 | | | 8 | 刘江波 | ...

编号：2020-007 证券代码：002879 证券简称：长缆科技 长缆电工科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------|---------------------------------------------------| | | | | | | | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □利润说明会 | | 投资者关系活动类别 | | □新闻发布会 □路演活动 | | | □ 现场参观 □其他 | | | | 安信证券 邓永康 | | | 参与单位名称及 人员姓名 | 安信证券 郭彦辰 | | | | 农银汇理 邢军亮 | | | 时间 | 2020 年 5 月 14 | 日下午 15： 00-17：00 | | | | 湖南省长沙市高新区麓谷工业园桐梓坡西路 223 号 | | 地点 | 长缆科技五楼会议室 | | | | | 黄平（董事会秘书、财务总监） | | 公司接待人员姓名 | 胡东洲（产业投资总监） | | | | | 一、介绍公司基 ...

编号：2020-001 证券代码：002879 证券简称：长缆科技 长缆电工科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------------|------------|--------------------------|----------------------------| | | □ | 特定对象调研 □分析师会议 | | | 投资者关系活动类别 | □ | 媒体采访 □利润说明会 | | | | □ | 新闻发布会 □路演活动 | | | | □ 现场参观 | 其他 （电话会议） | | | 参与单位名称及 | 序号 | 姓名 | 公司 | | 人员姓名 | 1 | 刘易 | 国泰君安证券股份有限公司 | | | 2 | 黄节根 | 国泰君安证券股份有限公司 | | | 3 | 周昊 | 国泰君安证券股份有限公司 | | | 4 | 宋伟 | 上海朴易资产管理有限公司 | | | 5 | 王毅文 | 华商基金管理有限公司 | | | 6 | 毛俊义 | 分公司高净值客户 | | | 7 | 熊胜江 | 北京志开投资管理有限公司 | ...

编号：2020-006 证券代码：002879 证券简称：长缆科技 长缆电工科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |--------------------|----------------------|--------|--------------------------|-------| | | | | | | | | □ | | 特定对象调研 □分析师会议 | | | | □ | | 媒体采访 □利润说明会 | | | 投资者关系活动类别 | □ | | 新闻发布会 □路演活动 | | | | □ 现场参观 | | 其他 （电话会议） | | | | 序号 | 姓名 | 公司 | | | | 1 | 邓永康 | 安信证券 | | | | 2 | 丁肖逸 | 安信证券 | | | | 3 | 袁涛 | 安信证券 | | | | 4 | 张超 | 顶天投资 | | | | | | | | | | 5 | 李方永 | 富善投资 | | | | 6 | 王友 | 海富投资 | | | | 7 | 谢琛 | 恒远资本 | | | | | | | | ...

Group 1: Company Overview and Financial Data - Long Cable Technology Co., Ltd. has a history of continuous shareholder returns, distributing a cash dividend of 2.10 CNY per 10 shares in 2019, with a future plan to distribute no less than 15% of the distributable profits in cash from 2020 to 2022 [2] - As of June 30, 2020, the company reported total assets of 178,833.80 million CNY and total equity of 145,430.68 million CNY [2] Group 2: Performance in 2020 - In the first half of 2020, the company achieved an operating income of 42,054.20 million CNY, representing a year-on-year growth of 17.74% [2] - The net profit attributable to shareholders was 7,987.92 million CNY, with a year-on-year increase of 7.73%, and the net profit after deducting non-recurring gains and losses was 7,303.91 million CNY, up by 5.18% [2] - Earnings per share were reported at 0.44 CNY, with 0.40 CNY after deducting non-recurring gains and losses [2] Group 3: Industry Competition Landscape - The cable accessory industry is mature, with a relatively stable market structure, divided into low and medium voltage accessories and high voltage accessories [3] - The low and medium voltage accessory market has a low entry barrier and intense competition, while the high voltage accessory market has a high technical threshold and is more concentrated [3] - Major competitors in the high voltage accessory market include domestic firms like Longyuan Group and international players, leading to a relatively relaxed competitive environment [3] Group 4: Product Profitability - The cable accessory industry features long R&D cycles and complex processes, which contribute to high product gross margins [3] - Companies with strong R&D capabilities, financial strength, and extensive operational experience can establish significant technical barriers, enhancing their market position [3]