根据内部数据库，截至2026年2月11日，球冠电缆（代码：920682）最新股价为9.46元，近5日涨跌幅 为-5.49%，近20日涨跌幅为-6.43%，换手率为0.96%。同期，上证指数上涨0.09%，深证成指下跌 0.35%，公司股价表现弱于大盘。 以上内容基于公开资料整理，不构成投资建议。 经济观察网 2026年2月6日，球冠电缆发布公告称，公司控股股东宁波北仑托马斯投资有限公司拟减持 341.3万股（比例1.0518%），控股股东宁波兴邦投资咨询有限公司拟减持273.79万股（比例 0.8438%），以及董高人员持股平台宁波市北仑明邦投资咨询有限公司拟减持33.87万股（比例 0.1044%）。同日，微信公众号"专注盘前资讯"的监控名单更新显示，球冠电缆股东拟减持比例约为 2.00%。该减持计划可能对市场情绪产生短期影响。 股票近期走势 ...

Core Viewpoint - Ningbo Qiuguan Cable Co., Ltd. successfully passed the technical appraisal for three new products, showcasing strong technological performance and product quality, with one product reaching international advanced level, one at domestic leading level, and one at domestic advanced level [2][3]. Group 1: Product Development and Appraisal - The technical appraisal was organized by the China Electric Power Enterprise Federation, with experts from various institutions evaluating the new products [2]. - The three new products include "high-conductivity steel-core aluminum stranded wire," "8.7/15kV aluminum alloy conductor cross-linked polyethylene insulated steel tape armored PVC sheath flame-retardant Class C power cable," and "26/35kV thermoplastic polypropylene insulated PVC sheath power cable" [2]. - The expert panel found the submitted appraisal materials complete and compliant, with all products passing authoritative third-party testing [3]. Group 2: Quality and Production Standards - The company has obtained ISO 9001, ISO 14001, and OHSAS 45001 certifications, indicating robust quality management and environmental standards [3]. - The "high-conductivity steel-core aluminum stranded wire" product features high-quality aluminum rods and optimized production processes, enhancing surface quality and electrical performance [3]. - The company emphasizes "R&D innovation" as its core competitive advantage, reflecting its solid technical foundation and continuous innovation capabilities in cable manufacturing [3]. Group 3: Future Outlook - The company aims to incorporate expert suggestions to refine product details and convert technological advantages into market competitiveness [3]. - The focus is on providing high-quality, efficient, and environmentally friendly cable solutions to support the development of the new power system in the country [3].

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].

Group 1 - The company announced that its third extraordinary general meeting of shareholders for 2025 approved the proposal regarding the expected overall credit limit application for 2026 from banks and other financial institutions [2] - The company also proposed to renew the appointment of the accounting firm for the year 2025 [2]

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].

Group 1 - The company has established an international trade team and is focusing on expanding its foreign trade products, particularly targeting the Latin American market, with an initial focus on the Mexican power grid construction market [2] - The company has initiated small-scale export operations and plans to expand shipments to the Mexican market by 2026, aiming to use Mexico as a base to further penetrate the North American and other Latin American markets [2] - The current overseas power infrastructure construction is entering a prosperous cycle, although the international environment remains complex and volatile, presenting both opportunities and risks in the foreign trade market [2]