鉴定会上，专家们听取了球冠电缆研发团队对"高导电钢芯铝绞线""8.7/15kV铝合金导体交联聚乙烯绝 缘钢带铠装聚氯乙烯护套阻燃C类电力电缆""26/35kV热塑性聚丙烯绝缘聚氯乙烯护套电力电缆"三款新 产品研发情况的介绍，并细致核查了相关佐证资料，并围绕产品结构设计、材料选型、工艺优化与可靠 性验证等关键环节展开质询答辩。在鉴定会召开前夕，与会专家还专程深入球冠电缆的生产基地，实地 参观产品展厅及生产车间，详细考察生产工艺装备与质量管控体系，对公司完善的生产布局和严苛的检 测标准给予高度评价。 经过严谨专业的评议，专家组一致认为：公司提交的鉴定资料完整规范，三款产品均通过权威第三方检 测，现场抽测结果合格；企业已通过ISO 9001质量管理体系、ISO 14001环境管理体系及OHSAS45001职 业健康安全管理体系认证，生产工艺装备完善、检测手段齐全，具备规模化生产条件，同意全部通过新 产品技术鉴定并投入生产。其中，"高导电钢芯铝绞线"产品，采用优质高导电铝杆，通过优化拉丝道 次、润滑系统和高聚风拉丝吹水器，改善了表面质量，提升了铝丝的电气性能；通过精准控制张力，结 合预扭成型装置，有效保障了产品质量。 ...

Core Viewpoint - The company views overseas markets as a core growth driver and plans to achieve its strategic goal of "recreating a new Qiaoguan" through industry chain collaboration and prudent mergers and acquisitions [1][10]. Company Overview - Qiaoguan Cable, established in 2006, is a national high-tech enterprise and a "little giant" specializing in niche markets, primarily producing power cables and related products for various sectors including energy, transportation, and construction [3][12]. - The cable industry accounts for approximately one-quarter of China's electrical industry output value, making it a crucial supporting industry for the national economy [3][12]. Financial Performance - The company has shown strong growth in recent years, with revenue projected to increase from 2.688 billion yuan in 2021 to 3.585 billion yuan in 2024, and net profit expected to rise from 82.01 million yuan to 133 million yuan during the same period [3][12]. - In the first half of 2025, the company achieved a significant milestone by signing contracts worth 9.65 billion yuan in the Southern Power Grid's centralized bidding, marking a historical high [4][13]. Strategic Goals - The strategic goal of "recreating a new Qiaoguan" aims for leapfrog development through both internal and external enhancements, emphasizing the necessity of international expansion as a critical path for future growth [5][14]. - The company recognizes the urgent demand for power infrastructure upgrades in emerging overseas markets, which presents significant opportunities for Chinese enterprises [5][15]. International Expansion - Qiaoguan Cable has identified Latin America as a key area for foreign trade expansion and has made tangible progress, including forming a specialized foreign trade team and initiating international product certification [7][17]. - The company plans to collaborate with upstream and downstream enterprises in the industry chain to tackle the complexities of the international environment and enhance its competitive edge [7][17]. Mergers and Acquisitions - Mergers and acquisitions are viewed as a vital pathway to achieve the strategic goal, with the company focusing on opportunities in the power equipment sector, such as electric meters and transformers [8][18]. - The company aims to enhance its overall solution capabilities by potentially establishing factories or acquiring businesses to complete its industry chain [8][18]. Future Outlook - The company intends to continue strengthening its domestic market share while actively exploring international pathways, particularly in the fields of new energy vehicle charging cables and marine energy-related cables [9][19]. - The strategic focus remains on core cable operations, with a cautious approach to decision-making to seize opportunities for steady growth amid challenges [8][18].

Core Viewpoint - The company views overseas markets as a core growth area and plans to achieve its strategic goal of "recreating a new Qiaoguan" through industry chain collaboration and prudent mergers and acquisitions [2][4]. Group 1: Company Overview - Qiaoguan Cable, established in 2006, is a national high-tech enterprise and a "specialized, refined, and innovative" small giant, primarily producing power cables and related products [3]. - The company’s products are widely used in various sectors, including power, energy, transportation, and construction, accounting for about one-quarter of China's electrical industry output [3]. - Since its listing in 2021, the company has significantly enhanced its brand influence and customer trust, supporting technological upgrades and equipment modernization [3]. Group 2: Financial Performance - The company has shown a strong growth trend, with revenue projected to increase from 2.688 billion yuan in 2021 to 3.585 billion yuan by 2024, and net profit expected to rise from 82.01 million yuan to 133 million yuan during the same period [3]. Group 3: Market Position and Strategy - In the first half of 2025, the company achieved a significant breakthrough by signing contracts worth 9.65 billion yuan in the Southern Power Grid's centralized bidding, reinforcing its position as a key supplier in the domestic market [4]. - The company recognizes the shift in the industry towards quality improvement and aims to leverage emerging overseas markets, particularly in Latin America, where there is a high demand for infrastructure development [4][5]. Group 4: International Expansion - The company has identified Latin America as a key area for international trade expansion and has made tangible progress, including forming a specialized foreign trade team and initiating product international certification [5]. - The company plans to collaborate with upstream and downstream enterprises in the industry chain to navigate the complexities of the international market [5][6]. Group 5: Future Outlook - The company intends to extend its industry chain through mergers and acquisitions, focusing on power equipment sectors like electric meters and transformers to enhance its overall solution capabilities [6]. - The company aims to maintain a strong domestic market presence while accelerating overseas expansion, with a focus on technological innovation and market development to ensure long-term stable growth [7].

证券日报网讯 12月29日，球冠电缆发布公告称，公司2025年第三次临时股东会审议通过《关于预计公 司及子公司2026年度向银行等金融机构申请总体授信额度的议案》《拟续聘2025年度会计师事务所的议 案》。 （文章来源：证券日报） ...

Core Viewpoint - The company, Qiuguan Cable, announced that it has recently won bids for projects totaling 878.6576 million yuan (including tax) from the State Grid and its subsidiaries, which is expected to positively impact the company's future operating performance [1] Group 1: Project Details - The company secured a bid for the State Grid Corporation's 2025 74th batch procurement, which includes 110kV and 220kV power cables worth 58.2005 million yuan [1] - The company also won a bid for the second joint procurement project of low-voltage power cables and 10kV power cables in the Northeast region, amounting to 54.0927 million yuan [1] - Additionally, the company was awarded contracts for overhead insulated wires, low-voltage power cables, and 10kV power cables in the second joint procurement project in the North China region, totaling 222.4518 million yuan [1]

Group 1 - The company has recently received multiple winning bid notifications from State Grid Corporation of China and its subsidiaries [1] - The total amount of the projects won by the company from State Grid and its subsidiaries is 879 million yuan (including tax) [1]

Core Viewpoint - The company, Qiuguan Cable, announced the appointment of Lixin Certified Public Accountants (Special General Partnership) as the auditing firm for the fiscal year 2025 [2] Group 1 - The company plans to enhance its financial oversight by hiring a reputable auditing firm [2] - The decision reflects the company's commitment to transparency and accountability in its financial reporting [2]

Core Viewpoint - The company, Qiuguan Cable, reported a 31% increase in contract signings for the first three quarters of 2025, indicating strong market demand, particularly in the power grid sector and large state-owned enterprise projects [2]. Group 1 - The company has experienced significant growth in contract signings, with a 31% increase noted for the first three quarters of 2025 [2]. - Market expansion is progressing normally as the company enters the fourth quarter, with expectations for further updates in future announcements [2]. - The primary source of order growth is attributed to the power grid market, specifically from the State Grid and Southern Power Grid, followed by large central enterprise engineering projects [2].

（文章来源：证券日报） 证券日报网12月5日讯球冠电缆在12月3日回答调研者提问时表示，今年以来，公司已组建完成外贸团 队，陆续开展了外贸产品莱茵认证、LAPEM认证，公司自主外贸计划以拉丁美洲国家为重点拓展方 向，先期瞄准墨西哥电网建设市场，当前进展正常，尝试性小规模的出口业务已经展开。2026年计划将 扩大墨西哥市场出货。待条件成熟后，公司将以墨西哥为基地进一步辐射北美市场及其他拉美市场。当 前海外电力基础设施建设进入景气周期。但国际环境复杂动荡、外贸市场机遇与风险并存，具有不确定 性。公司将在安全稳妥的前提下进行外贸业务拓展。请投资者注意风险。 ...

Group 1 - The company has several technological reserves related to cables in the marine field, including patents for submarine cable conductors and marine robot tether cables [2] - The company has completed the trial production of 10/35kV marine engineering cables and is continuing related research and development work [2] - The development program for marine photovoltaic cables has also commenced [2] Group 2 - Currently, the company does not have any business plans for submarine cables [2]