Core Viewpoint - Jingda Co., Ltd. (600577) reported a solid performance in its 2025 mid-year financial results, with total revenue and net profit showing year-on-year growth, although some profitability margins have declined [1]. Financial Performance - Total revenue for the first half of 2025 reached 11.856 billion yuan, an increase of 14.28% compared to the same period in 2024 [1]. - Net profit attributable to shareholders was 306 million yuan, up 6.03% year-on-year [1]. - In Q2 2025, total revenue was 6.328 billion yuan, reflecting an 8.29% increase year-on-year, while net profit was 181 million yuan, a slight increase of 0.71% [1]. - The gross profit margin decreased to 5.84%, down 10.77% year-on-year, and the net profit margin fell to 2.69%, down 5.73% [1]. - The company reported a significant increase in operating cash flow per share, which rose to 0.46 yuan, a 188.51% increase year-on-year [1]. Debt and Receivables - The company has a high level of accounts receivable, with accounts receivable amounting to 4.357 billion yuan, representing 775.59% of the net profit [1][3]. - The total interest-bearing debt decreased to 3.997 billion yuan, down 9.09% year-on-year [1]. Cash Flow and Liquidity - The company maintains a healthy cash position, with cash assets amounting to 1.734 billion yuan, a 17.94% increase year-on-year [1][2]. - The cash flow situation is a point of concern, with cash assets to current liabilities ratio at 29.27% and the average operating cash flow to current liabilities ratio at 6.25% over the past three years [3]. Investment Insights - Analysts expect the company's performance for 2025 to reach 709 million yuan, with an average earnings per share forecast of 0.33 yuan [3]. - The company’s return on invested capital (ROIC) was reported at 7.14%, indicating average capital returns [1]. Fund Holdings - The largest fund holding Jingda Co., Ltd. is Bosera Select Mixed A, which has reduced its holdings, while several other funds have newly entered the top ten holdings [4].

Group 1 - The core viewpoint of the news is that Jingda Co., Ltd. has experienced a decrease in the number of shareholders and an increase in average shareholding quantity, despite a positive stock price performance during the specified period [1][2]. - As of June 30, 2025, the number of shareholders for Jingda Co., Ltd. was 109,576, a decrease of 3,231 shareholders or 2.86% compared to March 31, 2025 [1][2]. - The average shareholding quantity increased from 19,100 shares to 19,600 shares, while the average market value of shares held per shareholder was 145,900 yuan [1][2]. Group 2 - In the electric grid equipment industry, Jingda Co., Ltd. has a higher number of shareholders compared to the industry average, which stands at 38,500 shareholders [1][2]. - The average market value of shares held by shareholders in the electric grid equipment industry is 237,500 yuan, indicating that Jingda Co., Ltd. is below the industry average in this regard [1][2]. - From March 31, 2025, to June 30, 2025, Jingda Co., Ltd. saw a stock price increase of 4.05%, while the number of shareholders decreased [1][2].

Group 1 - Youyou Food achieved a net profit of 108 million yuan in the first half of 2025, a year-on-year increase of 42.47%, with a revenue of 771 million yuan, up 45.59% [1] - Keda achieved a net profit of 255 million yuan, a year-on-year increase of 16.49%, with a revenue of 2.163 billion yuan, up 14.35% [1] - North Navigation turned a profit with a net profit of 116 million yuan, achieving a revenue of 1.703 billion yuan, a year-on-year increase of 481.19% [1][2] Group 2 - China Satellite Communication reported a net profit of 181 million yuan, a year-on-year decrease of 55.59%, with a revenue of 1.221 billion yuan, up 6.33% [3] - Huqin Technology achieved a net profit of 1.889 billion yuan, a year-on-year increase of 46.3%, with a revenue of 83.939 billion yuan, up 113.06% [4] - Huasen Lithium reported a net loss of 72.739 million yuan, with a revenue of 350 million yuan, up 72.02% [4] Group 3 - Putailai achieved a net profit of 1.055 billion yuan, a year-on-year increase of 23.03%, with a revenue of 7.088 billion yuan, up 11.95% [5] - Suochen Technology reported a net loss of 45.698 million yuan, with a revenue of 57.351 million yuan, up 10.82% [5] - Canqin Technology achieved a net profit of 51.912 million yuan, a year-on-year increase of 51.94%, with a revenue of 287 million yuan, up 52.76% [6] Group 4 - Hengtong achieved a net profit of 99.3648 million yuan, a year-on-year increase of 38.86%, with a revenue of 669 million yuan, down 44.66% [6] - Sanan Optoelectronics reported a net profit of 176 million yuan, a year-on-year decrease of 4.24%, with a revenue of 8.987 billion yuan, up 17.03% [7] - New Dairy achieved a net profit of 397 million yuan, a year-on-year increase of 33.76%, with a revenue of 5.526 billion yuan, up 3.01% [8] Group 5 - Yiling Pharmaceutical achieved a net profit of 669 million yuan, a year-on-year increase of 26.03%, with a revenue of 4.040 billion yuan, down 12.26% [10] - Baosteel achieved a net profit of 4.879 billion yuan, a year-on-year increase of 7.36%, with a revenue of 151.372 billion yuan, down 7.28% [12] - Feikai Materials achieved a net profit of 217 million yuan, a year-on-year increase of 80.45%, with a revenue of 1.462 billion yuan, up 3.8% [13] Group 6 - Lier Chemical achieved a net profit of 271 million yuan, a year-on-year increase of 191.21%, with a revenue of 4.507 billion yuan, up 35.36% [15] - Shaanxi Coal achieved a net profit of 7.638 billion yuan, a year-on-year decrease of 31.18%, with a revenue of 779.83 billion yuan, down 14.19% [16] - Dongfang Materials reported a net profit of 654,400 yuan, a year-on-year decrease of 88.48%, with a revenue of 174 million yuan, down 5.06% [18] Group 7 - Blue Sky Bio achieved a net profit of 26.7163 million yuan, a year-on-year decrease of 8.98%, with a revenue of 652 million yuan, up 7.05% [19] - Shanghai Jiubai achieved a net profit of 23.7897 million yuan, a year-on-year increase of 0.24%, with a revenue of 45.0535 million yuan, down 1.09% [20] - Two Sides Needle reported a net loss of 5.0842 million yuan, with a revenue of 522 million yuan, up 1.02% [21] Group 8 - Shanghai Yashi achieved a net profit of 20.3263 million yuan, a year-on-year increase of 42.56%, with a revenue of 2.044 billion yuan, up 56.75% [23] - Bayi Steel reported a net loss of 697 million yuan, with a revenue of 8.733 billion yuan, down 6.73% [25] - Hongrun Construction plans to repurchase shares worth between 150 million and 300 million yuan [27] Group 9 - Kaile achieved a net profit of 10.9193 million yuan, a year-on-year increase of 280.42%, with a revenue of 137 million yuan, down 17.89% [28] - Jingda achieved a net profit of 306 million yuan, a year-on-year increase of 6.03%, with a revenue of 11.856 billion yuan, up 14.28% [29] - Blue Light Marker reported a net profit of 96.4427 million yuan, a year-on-year decrease of 47.33%, with a revenue of 32.36 billion yuan, up 4.87% [30] Group 10 - KOTAI Power achieved a net profit of 23.994 million yuan, a year-on-year increase of 35.52%, with a revenue of 711 million yuan, up 49.51% [33] - Bo Rui Data reported a net loss of 26.1918 million yuan, with a revenue of 70.1997 million yuan, up 5.19% [34] - Jiuzhoutong achieved a net profit of 1.446 billion yuan, a year-on-year increase of 19.7%, with a revenue of 81.106 billion yuan, up 5.10% [37] Group 11 - Aier Eye Hospital achieved a net profit of 2.051 billion yuan, a year-on-year increase of 0.05%, with a revenue of 11.507 billion yuan, up 9.12% [39] - Nandu Property achieved a net profit of 130 million yuan, a year-on-year increase of 532.87%, with a revenue of 914 million yuan, up 2.75% [41] - Weiyuan reported a net loss of 168 million yuan, with a revenue of 4.601 billion yuan, up 1.82% [42] Group 12 - Zhongke Chuangda achieved a net profit of 158 million yuan, a year-on-year increase of 51.84%, with a revenue of 3.299 billion yuan, up 37.44% [43] - Zhongjuxin reported a net profit of 8.1377 million yuan, a year-on-year decrease of 64.57%, with a revenue of 567 million yuan, up 20.40% [44] - Inspur Information achieved a net profit of 799 million yuan, a year-on-year increase of 34.87%, with a revenue of 80.192 billion yuan, up 90.05% [45] Group 13 - Shenghong Technology achieved a net profit of 2.143 billion yuan, a year-on-year increase of 366.89%, with a revenue of 9.031 billion yuan, up 86.00% [46] - Cambrian achieved a net profit of 1.038 billion yuan, turning a profit, with a revenue of 2.881 billion yuan, up 4347.82% [48] - Longteng Optoelectronics reported a net loss of 121 million yuan, with a revenue of 1.289 billion yuan, down 27.91% [49]

Core Viewpoint - The report highlights the robust growth in revenue and net profit for Jingda Co., Ltd. in the first half of 2025, driven by strong core business performance and emerging business opportunities, particularly through its subsidiary Hengfeng Special Conductors [2][3]. Financial Performance - In the first half of 2025, Jingda Co., Ltd. achieved a revenue of 11.856 billion yuan, representing a year-on-year increase of 14.28% [2]. - The net profit attributable to shareholders was 306 million yuan, up 6.03% year-on-year, while the net profit after deducting non-recurring gains and losses was 290 million yuan, reflecting a growth of 6.55% [2]. - Total product sales reached 182,081 tons, marking an 8.60% increase compared to the previous year [2]. - The operating cash flow was 999.5 million yuan, an increase of nearly 1.1 billion yuan from the same period last year, indicating significant improvement in operational efficiency [2][5]. Subsidiary Performance - Hengfeng Special Conductors, a subsidiary of Jingda, showed exceptional performance, with revenue reaching 662 million yuan and net profit hitting 46.41 million yuan in the first half of 2025 [3]. - Compared to the same period last year, Hengfeng's revenue grew approximately 85.96%, and net profit increased by about 47.19% [3]. Globalization Strategy - The successful production launch of Hengfeng's factory in Vietnam marks a significant milestone in the company's globalization strategy, aimed at meeting international customer demands and navigating trade environment changes [4]. - The Vietnam factory has an initial planned capacity of 500 tons of silver-plated high-speed conductors, targeting major clients in the high-speed conductor market [4]. - This strategic move enhances the company's global competitiveness by leveraging local cost advantages and mitigating potential tariff barriers [4]. Operational Quality - The company reported a significant improvement in operational quality, with net cash flow from operating activities turning positive at 999.5 million yuan, a 191.47% increase year-on-year [5]. - Research and development expenses remained stable at 63.74 million yuan, ensuring continued innovation in high-end electromagnetic wires and special conductors [5]. - The combination of traditional business stability and successful entry into high-growth sectors like AI computing positions the company for future growth and value creation for shareholders [5].

Group 1 - The core point of the news is that shareholders of Jingda Co., Ltd. have pledged a total of 2 million shares, which represents 0.09% of the total share capital [1] - As of the announcement date, major shareholders have significant pledged shares, with Qiao Xiaohui pledging 114 million shares (67.06% of his holdings), Li Guangrong pledging 13 million shares (15.6% of his holdings), and Tehua Investment holding a total of 30 million pledged shares (37.38% of its holdings) [1] - The cumulative pledged shares of the top ten shareholders of Jingda Co., Ltd. have been detailed, indicating a trend of increasing leverage among major stakeholders [1] Group 2 - Jingda Co., Ltd. reported a revenue of 11.856 billion yuan for the first half of 2025, reflecting a year-on-year increase of 14.28% [3] - The net profit attributable to shareholders for the same period was 306 million yuan, up 6.03% year-on-year, while the non-recurring net profit was 290 million yuan, increasing by 6.55% [3] - The company’s second-quarter performance showed a revenue of 6.328 billion yuan, an 8.29% increase year-on-year, with a net profit of 181 million yuan, which is a 0.71% increase [3] - Jingda Co., Ltd. operates in the manufacturing, maintenance, production, research, and sales of special electromagnetic wires, special conductors, and precision molds [3]

Core Viewpoint - Jingda Co., Ltd. (600577.SH) reported a revenue of 11.856 billion yuan for the first half of 2025, reflecting a year-on-year growth of 14.28% [1] - The net profit attributable to shareholders reached 306 million yuan, an increase of 6.03% compared to the previous year [1] - The company plans to distribute a cash dividend of 0.3 yuan per 10 shares (tax included) [1] Financial Performance - Total production and sales volume for the company were 180,500 tons and 182,100 tons, respectively, showing increases of 6.95% and 8.60% year-on-year [1] - The production and sales volume of specialty electromagnetic wire products were 144,300 tons and 145,200 tons, marking year-on-year increases of 7.10% and 8.83% [1]

债券代码：110074 债券简称：精达转债 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 证券代码：600577 证券简称：精达股份 公告编号：2025-052 铜陵精达特种电磁线股份有限公司 关于召开2025年第二次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 股东大会召开日期：2025年9月16日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025年第二次临时股东大会 (二) 股东大会召集人：董事会 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 16 日 9 点 45 分 召开地点：安徽省铜陵市经济技术开发区黄山大道北段 988 号三楼会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 16 日 至2025 年 9 月 16 日 采用上海证券交易所 ...

| 证券代码：600577 | 证券简称：精达股份 公告编号：2025-048 | | --- | --- | | 债券代码：110074 | 债券简称：精达转债 | 铜陵精达特种电磁线股份有限公司 第九届监事会第四次会议决议公告 本公司监事会及全体监事保证本公司公告内容不存在任何虚假记载、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法律责任。 一、监事会会议召开情况 2.本次应参加会议监事 3 人，实际参会监事 3 人。 此项议案需提交公司股东大会审议。 3.本次会议的召开符合《公司法》和《公司章程》的有关规定。 二、监事会会议审议情况 1、审议通过了《2025 年半年度报告及摘要》。 同意 3 票，反对 0 票，弃权 0 票，审议通过。 具体内容详见公司于 2025 年 8 月 27 日刊登于上海证券交易所网站的《精 达股份 2025 年半年度报告及摘要》。 2、审议通过了《2025 年半年度利润分配预案》。 同意 3 票，反对 0 票，弃权 0 票，审议通过。 具体内容详见公司于 2025 年 8 月 27 日刊登于上海证券交易所网站的《精 达股份 2025 年半年度利润分配方案公告 ...

债券代码：110074 债券简称：精达转债 证券代码：600577 证券简称：精达股份 公告编号：2025-047 铜陵精达特种电磁线股份有限公司 第九届董事会第五次会议决议公告 本公司董事会及全体董事保证本公司公告内容不存在任何虚假记载、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法律责任。 3、本次会议应参加会议董事 9 人，实际参会董事 9 人。 一、董事会会议召开情况 1、铜陵精达特种电磁线股份有限公司第九届董事会第五次会议于 2025 年 8 月 26 日以现场结合通讯表决方式召开。 2、本次会议通知于 2025 年 8 月 15 日以电子邮件发出，并以电话方式确认。 4、本次会议的召开符合《中华人民共和国公司法》和《公司章程》的有关 规定。 二、董事会会议审议情况 1、审议通过了公司《2025 年半年度报告及摘要》。 同意 9 票，反对 0 票，弃权 0 票，审议通过。 上述议案已经公司第九届董事会审计委员会第三次会议审议通过。 具体内容详见公司于 2025 年 8 月 27 日刊登于上海证券交易所网站的《精达 股份 2025 年半年度报告及摘要》。 2、审议通过了公司《202 ...

重要内容提示： ●每股分配金额：每股派发现金股利 0.03 元(含税)。 债券代码：110074 债券简称：精达转债 证券代码：600577 证券简称：精达股份 公告编号：2025-049 铜陵精达特种电磁线股份有限公司 2025 年半年度利润分配方案公告 本公司董事会及全体董事保证本公司公告内容不存在任何虚假记载、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法律责任。 ●本次利润分配预案以实施权益分派股权登记日登记的总股本为基数，具体 日期将在权益分派实施公告中明确。 ●在实施权益分派的股权登记日前公司总股本发生变动的，公司拟维持每股 分配比例不变，相应调整分配总额，并另行公告具体调整情况。 ●本次利润分配预案尚需提交 2025 年第二次临时股东大会审议。 一、利润分配方案内容 截 至 2025 年 6 月 30 日 ， 公 司 母 公 司 报 表 中 未 分 配 利 润 为 人 民 币 417,879,318.62 元。经公司第九届董事会第五次会议审议，公司 2025 年半年度 以实施权益分派股权登记日登记的总股本为基数分配利润，利润分配方案如下： 公司拟向全体股东每 10 股派发现金 ...