Core Viewpoint - Hongyuan Co., Ltd. is set to conduct an online roadshow for its public offering of shares on August 8, 2025, aiming to attract qualified investors and enhance its market presence [1] Company Overview - Hongyuan Co., Ltd. specializes in the research, production, and sales of electromagnetic wires, with products including various types of wires used in high-voltage and large-capacity power transformers [1][2] - The company has established itself as a leading manufacturer in the high, ultra-high, and extra-high voltage transformer electromagnetic wire sector, recognized as a national "Manufacturing Single Champion Enterprise" and a "High-tech Enterprise" [1][2] Product Innovation - The company has achieved significant milestones in product development, including the introduction of the "Ultra-thin Switching Wire" and "High-Temperature Self-Adhesive Enamelled Switching Wire," which have been recognized as internationally leading products [2] - Hongyuan Co., Ltd. has successfully penetrated the ultra/high voltage transformer market, completing major applications in ±500kV, ±800kV, and ±1100kV fields [2] Market Presence - The company's client base includes major manufacturers such as TBEA, XJ Electric, and Hitachi Energy, with products exported to countries like Turkey, North America, and Egypt [3] - Hongyuan's products are utilized in significant projects, including the world's highest voltage ±1100kV transmission project and the first flexible DC grid project [3] Fundraising and Financials - The company plans to issue 30,681,823 new shares at a price of 9.17 yuan per share, aiming to raise approximately 28.14 million yuan, with potential total funds reaching 32.36 million yuan if the overallotment option is fully exercised [4][5] - The raised funds will be allocated to projects including the digital upgrade of production lines and the establishment of a production base for special electromagnetic wires for electric vehicles [5]

Core Viewpoint - Hongyuan Co., Ltd. is a leading manufacturer of electromagnetic wire for high, ultra-high, and extra-high voltage transformers, with strong technical capabilities and a solid market position in the industry [1][2][3]. Company Overview - Hongyuan Co., Ltd. specializes in the research, production, and sales of electromagnetic wires, including various types such as paper-wrapped wire, enameled wire, and combination wire, primarily used in high voltage, large capacity power transformers and related equipment [1][2]. - The company has been recognized as a national "Manufacturing Single Champion Enterprise" and has received several awards for its technological advancements, including a third-class award for scientific and technological progress in Liaoning Province in 2023 [2]. Technological Advancements - The company has developed several innovative products, including the "ultra-thin switching wire" and "high-temperature self-adhesive enameled switching wire," which have been recognized as leading in their respective categories [2]. - As of December 31, 2024, the company holds 80 patents, including 16 invention patents, indicating a strong focus on innovation and technology [3]. Market Position and Opportunities - The electromagnetic wire industry is experiencing growth due to increased investment in power and grid projects in China, driven by carbon neutrality goals, which presents significant opportunities for companies in this sector [5]. - Hongyuan Co., Ltd. has established a strong market presence in the ultra/high voltage transformer segment and is actively expanding into the new energy vehicle sector, positioning itself as a qualified supplier for various domestic and international clients [4][5]. Financial Performance - The company reported revenues of approximately 1.31 billion yuan, 1.46 billion yuan, and 2.07 billion yuan for the years 2022 to 2024, with a compound annual growth rate of 25.74% [6]. - Net profits for the same period were approximately 50 million yuan, 64 million yuan, and 101 million yuan, indicating a robust growth trend [6]. Fundraising and Investment Plans - Hongyuan Co., Ltd. plans to raise approximately 282 million yuan through a public offering, with funds allocated for upgrading production lines, expanding capacity, and developing new products for the electric vehicle market [9][10]. - The company aims to enhance its research and development capabilities and improve production efficiency through these investments [10].

Core Viewpoint - Hongyuan Co., Ltd. is actively expanding its market presence in the high-voltage and ultra-high-voltage electromagnetic wire sector, leveraging its advanced technology and strong R&D capabilities to meet the growing demand in both domestic and international markets [1][5][9]. Company Overview - Hongyuan Co., Ltd. specializes in the research, production, and sales of electromagnetic wires, with products including various types of conductors and wires used in high-voltage transformers and conversion transformers [1][2]. - The company has established itself as a leading manufacturer in the high-voltage electromagnetic wire sector, recognized as a national "Manufacturing Single Champion Enterprise" and a "High-tech Enterprise" [2][3]. Product Applications - The company's products are widely used in major ultra/high voltage transmission projects in China, including the world's highest voltage level ±1100kV and various ±800kV projects [1][4]. - Hongyuan's electromagnetic wires are critical components for power transformers, ensuring the stability and safety of transmission projects, especially in ultra/high voltage applications [3][4]. Market Position and Growth - The company has achieved a compound annual growth rate (CAGR) of 25.74% in revenue from 2022 to 2024, with projected revenues for 2025 expected to be between 247 million and 273 million yuan, reflecting a year-on-year growth of approximately 19.18% to 31.73% [6][9]. - Hongyuan has a strong patent portfolio with 80 patents, including 16 invention patents, indicating its commitment to innovation and technology leadership in the industry [3]. Fundraising and Investment Plans - The company plans to raise approximately 282 million yuan through its public offering, with funds allocated for upgrading production lines, expanding capacity, and developing new products for the electric vehicle sector [8][9]. - Specific projects include the intelligent digital upgrade of production lines and the establishment of a production base for special electromagnetic wires for electric vehicles, which will enhance production capacity and technological capabilities [8][9]. Future Outlook - Hongyuan aims to continue focusing on high-voltage transformer electromagnetic wires while expanding into the electric vehicle market, aligning with national carbon neutrality goals [5][9]. - The company emphasizes its commitment to sustainable development and innovation, aiming to strengthen its market position and contribute to the advancement of the electromagnetic wire industry [9].

Core Viewpoint - Hongyuan Co., Ltd. announced the approval of two significant resolutions during the tenth meeting of its third board of directors, focusing on establishing a wholly-owned subsidiary overseas and changes in the company's securities affairs representative [2] Group 1 - The company has approved the proposal to invest in the establishment of a wholly-owned subsidiary abroad [2] - The board also approved a resolution regarding the change of the company's securities affairs representative [2]

证券代码：920018 证券简称：宏远股份 公告编号：2025-120 沈阳宏远电磁线股份有限公司 对外投资设立境外全资子公司的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 （二）是否构成重大资产重组 一、对外投资概述 （一）基本情况 公司为满足整体战略发展规划的需要，优化市场结构，开拓海外市场，进 一步增强公司的综合竞争力，公司拟在沙特阿拉伯设立全资子公司"沙特宏盛 电气材料有限公司"（暂定名称，最终名称以相关部门的备案及核准登记为准）。 公司本次对外投资设立的全资子公司的具体名称、注册资本、注册地址、 经营范围等相关信息均以相关部门的备案及核准登记为准。 本次交易不构成重大资产重组。 根据《上市公司重大资产重组管理办法》的相关规定，公司本次对外投资 系新设全资子公司，不构成重大资产重组。 （三）是否构成关联交易 本次交易不构成关联交易。 （四）决策与审议程序 2025 年 12 月 17 日，公司第三届董事会第十次会议审议通过了《关于对 外投资设立境外全资子公司的议案》，该议案已经公司第三届 ...

证券代码：920018 证券简称：宏远股份 公告编号：2025-121 （一）人员变动的合规性说明 沈阳宏远电磁线股份有限公司证券事务代表变动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、证券事务代表任命的基本情况 沈阳宏远电磁线股份有限公司（以下简称"公司"）于 2025 年 12 月 17 日召开第 三届董事会第十次会议，审议通过了《关于公司证券事务代表变动的议案》。表决结果: 同意 9 票，反对 0 票，弃权 0 票。 聘任于波女士为公司证券事务代表，任职期限至第三届董事会任期届满之日止 ， 自 2025 年 12 月 17 日起生效。该人员持有公司股份 0 股，占公司股本的 0%，不是失信 联合惩戒对象。 （上述人员简历详见附件） 二、证券事务代表离任的基本情况 本公司 Zhengxi Zhuang（庄政曦） 先生，因工作调动，自 2025 年 12 月 17 日起 不再担任证券事务代表。该人员持有公司股份 0 股，占公司股本的 0%，不是失信联合 惩戒对象，离任后继续担任副总经理职务 ...

证券代码：920018 证券简称：宏远股份 公告编号：2025-119 沈阳宏远电磁线股份有限公司 第三届董事会第十次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 12 月 17 日 2.会议召开地点：公司会议室 （一）审议通过《关于对外投资设立境外全资子公司的议案》 1.议案内容： （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 二、议案审议情况 6.会议列席人员：公司高级管理人员 7.召开情况合法合规的说明： 本次会议的召集、召开、议案审议程序符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》的规定。 3.会议召开方式：现场及通讯方式 4.发出董事会会议通知的时间和方式：2025 年 12 月 12 日以通讯方式发出 5.会议主持人：董事长杨绪清先生 本议案无需提交股东会审议。 （二）审议通过《关于公司证券事务代表变动的议案》 为满足公司整体战略发展规划的需要，优化市场结构 ...

Core Insights - A total of 19 companies have announced their performance forecasts for the year 2025, with 13 expecting profit increases, 2 forecasting profit declines, and 1 predicting a loss [1] Performance Forecast Summary - **Profit Increase**: - Companies such as Bai'ao (688796) expect a profit increase of 303.57%, with a closing price of 50.25 and a year-to-date decline of 23.63% [1] - Lixun Precision (002475) anticipates a profit increase of 26.09%, with a closing price of 58.66 and a year-to-date increase of 44.73% [1] - Other notable companies with profit increases include Hongyuan (920018) at 21.42%, Aomei (920080) at 16.44%, and China Uranium (001280) at 11.42% [1] - **Profit Decline**: - Zhongcheng (920003) forecasts a profit decline of 4.14%, with a closing price of 34.15 and a year-to-date decline of 11.39% [1] - Jinhua (920015) expects a profit decline of 5.47%, with a closing price of 51.11 and a year-to-date increase of 20.86% [1] - **Loss Forecast**: - C Muxi (688802) is predicting a loss but expects to reduce losses by 54.22%, with a closing price of 829.90 [1]

Group 1 - A total of 18 companies have announced their performance forecasts for the year 2025, with 12 expecting profit increases, 2 expecting profit decreases, and 1 forecasting a loss [1] - The companies with the highest expected profit increase include Baiao with a forecasted increase of 303.57% and Lixun Precision with a forecasted increase of 26.09% [1] - Companies such as Cangrui are predicting a loss of 19.44%, while Zhongcheng and Jinhua expect profit decreases of 4.14% and 5.47% respectively [1] Group 2 - The industries represented in the forecasts include pharmaceuticals, electronics, power equipment, machinery, and automotive sectors [1] - Notable companies in the electronics sector include Nuxi and Moer Thread, both of which are expecting reduced losses [1] - The automotive industry has companies like Hai'an Group with a stable forecast and TaiKai Ying with a profit increase of 10.44% [1]

据天眼查APP显示，沈阳宏远电磁线股份有限公司成立于2000年04月24日，注册资本12732.9564万人民 币。（数据宝） 12月11日宏远股份大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收 盘价折溢价 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | （%） | 业部 | | | 20.00 | 545.40 | 27.27 | -2.01 | 机构专 | 中国中金财富证券有限公司铁岭银州路 | | | | | | 用 | 证券营业部 | （文章来源：证券时报网） 宏远股份（920018）12月11日大宗交易平台出现一笔成交，成交量20.00万股，成交金额545.40万元，大 宗交易成交价为27.27元，相对今日收盘价折价2.01%。该笔交易的买方营业部为机构专用，卖方营业部 为中国中金财富证券有限公司铁岭银州路证券营业部。 进一步统计，近1个月内该股累计发生14笔大宗交易，合计成交金额为7218.11万元。 证券时报·数据宝统计显示，宏远股份今日收盘价为27.83元，上涨2.73 ...