长缆科技(002879) - 长缆科技调研活动信息

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]