成都普天電纜股份定期财报：成都普天電纜股份：二零一九年中期業績報告

01二零一九年中期業績報告InterimReport2019管理層討論及分析（一）業績分析於截至2019年6月30日止六個月（「本期間」），成都普天電纜股份有限公司（「本公司」，連同其附屬公司（「本集團」））的主要業務為生產及銷售各類通信電纜及光纖。

於本期間，本集團營業額總計為人民幣247,567,114.21元，與去年同期比較約下降19.73%。

於本期間，銅纜、光纜、光纖及相關產品的銷售額總計為人民幣236,190,532.78元，較去年同期約減少22.14%。

本公司的主要附屬公司成都中住光纖有限公司（「成都中住」）光纖銷售額總計為人民幣96,602,987.31元，較去年同期減少49.15%；成都中菱無線通信電纜有限公司（「成都中菱」）實現饋線及其他產品銷售額總計為人民幣17,060,920.55元，較去年同期減少19.45%。

主營業務收入減少歸因於國內4G和FTTX建設進入尾聲，光纖需求減少，同時國內光纖光纜廠擴產導致國內光纖產能釋放，出現供需嚴重失衡，光纖價格急劇下滑，銷量減少，光纖收入減少。

MANAGEMENTDISCUSSIONANDANALYSIS(I)ResultsanalysisDuringthesixmonthsended30June2019(the“Period”),ChengduPUTIANTelecommunicationsCableCompanyLimited(the“Company”andtogetherwithitssubsidiaries,the“Group”)wasprincipallyengagedinthemanufacturingandsaleofvarioustypesoftelecommunicationcablesandopticalfibers.DuringthePeriod,theGrouprecordedatotalturnoverofRMB247,567,114.21,representingadecreaseofapproximately19.73%ascomparedwiththecorrespondingperiodlastyear.DuringthePeriod,totalsalesofcoppercables,opticalcables,opticalfibersandrelatedproductsamountedtoRMB236,190,532.78,representingadecreaseofapproximately22.14%ascomparedtothecorrespondingperiodlastyear.TotalsalesofopticalfibersbyChengduSEIOpticalFiberCo.,Ltd.(“ChengduSEI”),aprincipalsubsidiaryoftheCompany,amountedtoRMB96,602,987.31,representingadecreaseof49.15%ascomparedtothecorrespondingperiodlastyear.TotalsalesofwirefeedcablesandotherproductsbyChengduZhonglingRadioCommunicationsCo.,Ltd.(“ChengduZhongling”)amountedtoRMB17,060,920.55,representingadecreaseof19.45%ascomparedtothecorrespondingperiodlastyear.Thedeclineinrevenuefromprincipalbusinesseswasmainlyduetoadeclineinthedemandforopticalfibersastheconstructionof4GandFTTXwasdrawingtoacloseinthePRC.Meanwhile,domesticmanufacturershaveexpandedtheircapacitiesofopticalfibersandopticalcables,whichreleasedthedomesticproductioncapacityofopticalfibers.Ithascausedseriousimbalancebetweensupplyanddemandforopticalfibers.Asaresult,pricesofopticalfiberswentdownsharply,salesvolumedecreased,andtherevenuefromopticalfibersbusinessdeclined.成都普天電纜股份有限公司ChengduPUTIANTelecommunicationsCableCompanyLimited02(II)ReviewofprincipaloperationsToimprovetheperformanceoftheGroup,theboardofdirectorsoftheCompany(the“Board”)proactivelyadjustedtheproductionandoperationstrategiesinresponsetothechangesininternalandexternalenvironmentsoftheGroupandthemarket.ThemajorbusinessactivitiesoftheGroupduringthePeriodaresummarizedasfollows:I.InformationaboutoperationsofmainbusinessesDuringthePeriod,theCompanyhasbeensteadilypushingforwarditsindustrialrestructuring,unswervinglydevelopingitsopticaltelecommunicationbusinesses,continuouslyoptimizingitsenergytransmissioncablebusinessandprudentlyandproperlypushingforwardtheprogressofprojectsofelectronicinformationindustrialpark.1.OpticaltelecommunicationbusinessSincetheconstructionof4GandFTTXwasdrawingtoacloseinthePRC,thedemandforopticalfibersdeclined.Meanwhile,domesticmanufacturershaveexpandedtheircapacitiesfortheproductionofopticalfibersandopticalcables,whichactivatedthedomesticproductioncapacityofopticalfibers.Ithascausedseriousimbalancebetweensupplyanddemandforopticalfibers.Asaresult,pricesofopticalfiberswentdownsharplyandsalesvolumedecreased.2.CoppercablebusinessDuringthefirsthalfof2019,ontheonehand,theCompanyhasbeensortingoutitswirefeedcablebusiness,disposinginventoriesandplacingstaff;ontheotherhand,theCompanyhasbeenvigorouslyexpandingitstrackcablebusiness.TheoperationandmanagementoftheCompanyhasbeendevelopingtowardsfavorabledirection.（二）主要業務回顧為提高本集團業績，本公司董事會（「董事會」）針對本集團內外部環境和市場的變化，積極調整生產及經營策略，本集團於本期間主要業務活動摘錄如下：一、主要產業經營情況於本期間，本公司紥實推進產業結構調整，堅定不移地發展光通信，持續優化能源傳輸纜產業，謹慎穩妥推進電子信息產業園項目。

1、光通信產業由於國內4G和FTTX建設進入尾聲，光纖需求減少，同時國內光纖光纜廠擴產導致國內光纖產能釋放，出現供需嚴重失衡，光纖價格急劇下滑，銷量減少。

2、銅纜產業二零一九年上半年，一方面清理饋纜業務、處置存貨、安置人員；另一方面按既定的安排，狠抓軌道纜業務拓展，本公司的各項經營管理工作正在朝著向好的方向發展。

03二零一九年中期業績報告InterimReport2019二、深入推進管理提升，提高管控水平以落實國資委駐中國普天監事會問題清單梳理和整改決議為抓手，紥實開展經營管理各項工作，不斷提高專業化及標準化的管理能力，為實現預算目標提供了保證。

1、不斷強化黨建工作，發揮核心作用按照普天集團黨委、成都市國資委部署，組織完成年度領導班子民主評議工作和支部民主評議工作，組織本公司各支部及在崗黨員完成「學習強國」全覆蓋搭建工作，組織完成對本公司「三重一大」制度的修訂工作，根據部門調整及分工，完成對部分支部的更名及黨員組織關係調整。

啓動「不忘初心牢記使命」主題教育。

成立了主題教育領導小組，同時確定了本公司領導班子成員作為聯繫人，對聯繫的支部主題學習教育進行督促指導，推動各單位的主題教育學習，幫助聯繫點查找解決工作中的實際問題，切實發揮領導作用。

II.FurtherimprovingmanagementtoraisemanagementandcontrolstandardTheCompanycarriedoutitsimplementationonallofitsoperationandmanagementactivities,preparationofthelistofissuesandrectificationresolutionsasconcernedbythesupervisorycommitteeofSASACinChinaPotevio.Continuouseffortsweremadetoenhanceitsprofessionalandstandardizedmanagementabilitytoensurerealizationofbudgettargets.1.FurtherstrengtheningPartyconstructiontoplaythecorerolesInaccordancewiththedeploymentofthePotevioGroup’sPartyCommitteeandState-ownedAssetsSupervisionandAdministrationCommissionofChengduMunicipalPeople’sGovernment,theCompanyhasorganizedandcompletedtheannualdemocraticappraisalofmembersoftheleadersanddemocraticappraisalofitsPartybranches.TheCompanyhasorganizeditsPartybranchesandservingPartymemberstocompletefullcoverageofconstructionof“StudyXiThoughtsAndStrengthenTheNation(學習強國)”.Ithasorganizedandcompletedtheamendmentstothe“ThreeKeyandOneMajor”systemsoftheCompany.Accordingtotheadjustmentsandlabordivisionamongdepartments,theCompanyhascompletedthechangesinthenamesofcertainPartybranchesandadjustmenttotherelationshipbetweenPartymembersandorganization.TheCompanyhasinitiatededucatingtheconceptof“RemainTruetoOurOriginalAspirationandkeepourMissionFirmlyinMind(不忘初心牢記使命)”.TheCompanyhassetupacoregroupforleadingtheeducationofsuchconcept.Meanwhile,theCompanydeterminedtoappointthemembersofleadersoftheCompanytoactascontactsofitsPartybranches.ThesecontactsshalleffectivelyplaytheirleadingrolesbysupervisingandguidingtheconceptstudyandeducationofrelevantPartybranches,promotingtheconcepteducationandstudyofeachunit,helpingthosedepartmentstheycontactedtoidentifyandsolvetheirpracticalproblemsatwork.成都普天電纜股份有限公司ChengduPUTIANTelecommunicationsCableCompanyLimited042、強化企業風險控制意識，貫徹落實全面風險管理的各項要求認真貫徹依法治企方針，加強企業風險防範意識。

加強法律事務資源配置，創新法律工作形式。

公司的法律工作採取「內外兼顧」的方針，即一方面法律事務由審計監察法務部具體負責，嚴格把關；另一方面公司與上海段和段（成都）律師事務所成都分所签订了常年法律顧問合同，由律師事務所負責為公司所有經營行為提供法律服務和支持。

加強法律評審，落實合同評審制度，確保合同評審率100%。

3、協調資源整合重組，推進投資戰略管理組織各產業及職能部門完成內外部分析、編製相關產業及職能戰略規劃，匯總完成本公司《2019–2021年發展戰略與規劃》，為本公司戰略執行措施分解和後續考核提供依據。

經過多次協商討論，2019年1月完成了重慶普泰峰鋁業有限公司全部稅務、工商註銷程序。

2.IntensifyingcorporateriskcontrolconsciousnessandimplementingthevariousrequirementsofcomprehensiveriskmanagementTheCompanyhasseriouslyimplementeditslaw-basedgovernancepolicyandintensifiedcorporateriskpreventionconsciousness.TheCompanyhasallocatedmoreresourcestohandlingitslegalaffairsandhasdevelopednewlegalworkprocess.TheCompanyhasadoptedthepolicyof“GivingConsiderationtobothInternalandExternalAffairs(內外兼顧)”tomanageitslegalwork.Ontheonehand,theaudit,supervisionandlegalaffairdepartmentsoftheCompanytakechargeofandstrictlycontrolthelegalaffairsoftheCompany;ontheotherhand,theCompanyhassignedaperenniallegaladvisercontractwithDuan&DuanLawFirm(ChengduOffice),pursuanttowhichthelawfirmwillprovidelegalserviceandsupportforalltheoperatingactivitiesoftheCompany.TheCompanyhasstrengthenedreviewonitslegalaffairsandhasimplementeditscontractreviewsystemtoensureacontractreviewrateof100%.3.CoordinatingresourceintegrationandrestructuringtoenhancestrategicinvestmentmanagementTheCompanyhasprovidedabasisforthedecompositionofstrategicimplementationmeasuresandsubsequentassessmentbyorganizingvariousindustrialandfunctionalsectorstocompleteinternalandexternalanalysis,formulatingrelevantindustrialandfunctionalstrategicplans,andsummarizingtocompleteitsDevelopmentStrategyandPlanfor2019to2021(《2019–2021年發展戰略與規劃》).Afternumerousroundsofnegotiationsanddiscussion,theCompanyhascompletedallthecancellationproceduresontaxandbusinessregistrationforChongqingPutaifengAluminiumCo.,Ltd.inJanuary2019.05二零一九年中期業績報告InterimReport20194、強化人力資源管理工作按照本公司加強對公司中層幹部的管理和後備幹部隊伍建設的要求，修訂了《公司中層幹部管理辦法》，發佈了《公司後備幹部管理暫行辦法》，各單位（部門）推薦後備幹部人選，經公司辦公會研究決定的後備幹部人選將納入本公司後備人才庫進行考察培養，為公司持續發展提供人力資源保障。

5、優化基礎管理，提升管理水平全面推進集採和招標管理工作，通過信息化規範招標流程。

新增了「年度招標計劃」、「季度招標計劃調整」、「招標申請」三個信息化流程，並按照計劃逐步實施各項招標工作。

對比管理制度和信息化流程差異，進行了多項信息化流程的修改，如：合同審批流程、費用報銷、出差申請流程、公章使用、工作聯繫單流程修改，使得制度與流程能夠及時匹配。

4.StrengtheninghumanresourcesmanagementAccordingtotherequirementsonstrengtheningadministrationonthemiddle-levelcadresandteambuildingofreservedcadresoftheCompany,theCompanyhasrevisedtheAdministrativeMeasuresonMiddle-levelCadres(《公司中層幹部管理辦法》)andhasissuedtheProvisionalAdministrativeMeasuresonReservedCadresoftheCompany(《公司後備幹部管理暫行辦法》).Pursuanttowhich,thecandidatesforreservedcadresshallbenominatedbyalltheunits(departments)oftheCompany.ThenominatedcandidatesshallbesubmittedtotheofficemeetingoftheCompanyforassessmentandselection.TheselectedcandidatesshallbeincludedintothereservedpooloftalentsoftheCompanyforinvestigationandcultivation,soastoensuresupplyofhumanresourcetomeettheCompany’scontinuousdevelopment.5.OptimizingbasicmanagementandimprovingmanagementstandardTheCompanyhasfullyadvancedthecentralizedprocurementandbiddingmanagementworkandstandardizedthebiddingproceduresthroughinformatization.Threeinformation-basedproceduresconsistingofthe“AnnualBiddingPlan”,“QuarterlyAdjustmentsonBiddingPlan”and“ApplicationforBids”wereadded.TheCompanyhasimplementedthebiddingelementsinstepspursuanttosuchplans.TheCompanyhasidentifiedthedifferencesbetweenitsmanagementsystemandinformation-basedprocedures.Accordingly,ithasmadevariousamendmentstotheinformation-basedprocedures,suchasamendmentstocontractapprovalprocess,expensereimbursementprocess,businesstripapplicationprocess,usageofofficialsealsandworkingcontactlistsprocess.Theseamendmentshaveenableditssystemtomatchwithprocesstimely.成都普天電纜股份有限公司ChengduPUTIANTelecommunicationsCableCompanyLimited06持續改進QEHS管理體系，通過了環境管理體系和職業健康安全管理體系的監督審核，進行質量管理體系認證及變更等申報工作。

完成了高新技術企業的複審工作，取得了新的證書。

在做好經營工作的同時，高度重視生產安全工作，防止生產事故。

開展安全、消防、環境知識培訓和知識競賽並制定工業園區突發環境事件應急預案、環境風險評估報告、環境應急資源調查報告；更新了合規性評價報告及全面重新識別了公司適用法律法規清單。

（三）財務分析於二零一九年六月三十日，本集團資產總值為人民幣1,177,042,349.43元，較去年年末的人民幣1,257,656,669.24元減少6.41%。

其中非流動資產總值為人民幣444,500,203.94元，佔資產總值的37.76%，較去年年末的人民幣456,072,890.69元減少2.54%。

於二零一九年六月三十日，本集團流動資產總值為人民幣約732,542,145.49元，佔資產總值的62.24%，較去年年末的人民幣801,583,778.55元減少8.61%。

本集團於本期間之經營業務現金流量淨額為人民幣35,995,961.90元，去年同期經營業務現金流量淨額為人民幣–50,376,675.97元。

TheCompanyhasmadecontinuouseffortstoimproveitsQEHSmanagementsystem.TheCompanyhaspassedthesupervisionandverificationonenvironmentalmanagementsystemandoccupationalhealthandsafetymanagementsystem.Ithassubmittedapplicationsforqualitymanagementsystemcertificationandrelevantchanges.TheCompanyhascompletedthereviewonitsqualificationasaHighandNewTechnologyEnterprisesandhasobtainedanewcertificate.Whilestrivingforsuccessinoperation,theCompanyattachesgreatimportancetoproductionsafetytopreventtheoccurrenceofaccidentsduringproductionprocess.Ithascarriedouttrainingandknowledgecontestonsafety,fireextinguishingandenvironmentalknowledge.Topreventtheoccurrenceofemergencyenvironmentalincidentintheindustrialpark,theCompanyhasformulateditsemergencyplan,environmentalriskassessmentreportandinvestigationreportonenvironmentalemergencyresources.Ithasalsoupdatedthecomplianceevaluationreport,andhascomprehensivelyre-identifiedthelistsoflawsandregulationswhichwereapplicabletotheCompany.(III)FinancialanalysisAsat30June2019,theGroup’stotalassetsamountedtoRMB1,177,042,349.43,representingadecreaseof6.41%fromRMB1,257,656,669.24asattheendoflastyear,ofwhichthetotalnon-currentassetsamountedtoRMB444,500,203.94,accountingfor37.76%ofthetotalassetsandrepresentingadecreaseof2.54%fromRMB456,072,890.69asattheendoflastyear.Asat30June2019,theGroup’stotalcurrentassetsamountedtoapproximatelyRMB732,542,145.49,accountingfor62.24%oftotalassetsandrepresentingadecreaseof8.61%fromRMB801,583,778.55asattheendoflastyear.ThenetcashflowsfromoperatingactivitiesoftheGroupduringthePeriodamountedtoRMB35,995,961.90,whilethenetcashflowsfromoperatingactivitiesforthecorrespondingperiodlastyearwasRMB–50,376,675.97.07二零一九年中期業績報告InterimReport2019於二零一九年六月三十日，本集團銀行結餘及現金（包括有負擔的存款）為人民幣452,432,580.58元，較去年年末的人民幣441,997,685.40元增加2.36%。

於二零一九年六月三十日，本集團負債總額為人民幣170,371,184.27元（於二零一八年十二月三十一日：人民幣213,118,951.92元），負債對總資產比率為14.47%，較去年年末的16.95%下降2.48%，其中一年內到期銀行及其他貸款為人民幣0元。

於本期間內，本集團未有其他集資活動。

於本期間內，本集團的銷售費用、管理費用、研發費用和財務費用分別為人民幣5,844,316.88元、人民幣22,488,834.13元、人民幣3,655,206.78元及人民幣–3,850,183.65元，較去年同期的人民幣8,644,699.40元、人民幣44,465,581.45元、人民幣2,329,974.55元及人民幣–3,058,682.51元，分別減少32.39%、減少49.42%、增加56.88%及減少支出人民幣791,501.14元。

於本期間內，本集團的平均毛利率為4.60%，較去年同期的32.41%下降27.81%。

1.資金流動性分析於二零一九年六月三十日，本集團資金流動比率約為7.01，速動比率約為6.18。

2.財政資源分析於二零一九年六月三十日，本集團共獲長期借款為人民幣6,719,609.67元。

而本集團銀行存款及現金達人民幣452,432,580.58元，因此，本集團短期償債風險較低。

Asat30June2019,theGroup’sbankbalancesandcash(includingdepositswithencumbrance)amountedtoRMB452,432,580.58,representinganincreaseof2.36%fromRMB441,997,685.40asattheendoflastyear.Asat30June2019,theGroup’stotalliabilitiesamountedtoRMB170,371,184.27(asat31December2018:RMB213,118,951.92).Theliability-to-total-assetratiowas14.47%,representingadecreaseof2.48%ascomparedwith16.95%asattheendoflastyear.BankandotherborrowingsduewithinoneyearamountedtoRMB0.DuringthePeriod,theGroupdidnothaveotherfund-raisingactivities.DuringthePeriod,theGroup’ssellingexpenses,administrationexpenses,researchanddevelopmentcostsandfinancecostsamountedtoRMB5,844,316.88,RMB22,488,834.13,RMB3,655,206.78andRMB–3,850,183.65respectively,representingadecreaseof32.39%,adecreaseof49.42%,anincreaseof56.88%andadeclineofRMB791,501.14fromRMB8,644,699.40,RMB44,465,581.45,RMB2,329,974.55andRMB–3,058,682.51respectivelyinthecorrespondingperiodlastyear.DuringthePeriod,theaveragegrossprofitmarginoftheGroupwas4.60%,representingadecreaseof27.81%from32.41%inthecorrespondingperiodlastyear.1.AnalysisofliquidityAsat30June2019,theGroup’scurrentratioandquickratiowereapproximately7.01andapproximately6.18respectively.2.AnalysisoffinancialresourcesAsat30June2019,theGroup’slong-termborrowingsamountedtoRMB6,719,609.67.AstheGroup’sbankdepositsandcashamountedtoRMB452,432,580.58,theGrouphaslowerexposuretoshorttermsolvencyrisk.成都普天電纜股份有限公司ChengduPUTIANTelecommunicationsCableCompanyLimited083.本集團資本結構情況本集團的資金來源是銀行貸款和本公司發行股份募集資金。

為保證本集團資金的合理使用，本集團有嚴格及較完善的財務管理制度。

在本期間內，未發生債務到期償還及責任到期履行但未能償還或未能履行責任等不正當行為問題。

本集團今後還要加強對資金的調度和管理，在確保生產經營正常運作的情況下，最大限度地運用及發揮資金的作用。

4.或有負債於二零一九年六月三十日，本集團並無或有負債（二零一八年十二月三十一日：無）。

（四）業務展望二零一九年下半年本公司將繼續貫徹落實黨的十九大和十九屆二次、三次全會精神，……