Group 1 - The company announced the results of its 7th Board of Directors' first meeting, which included the election of the Chairman and Vice Chairman [2] - Multiple proposals were approved during the meeting, indicating a strategic move for the company's governance structure [2] - The announcement was made on the evening of September 5, highlighting the company's commitment to transparency [2]

Group 1 - The core point of the article is that Oriental Cable (SH 603606) held its first board meeting of the seventh session on September 5, 2025, where it reviewed the proposal for appointing the board secretary [1] - For the year 2024, Oriental Cable's revenue composition is as follows: 99.89% from electrical machinery and equipment manufacturing, and 0.11% from other businesses [1] - As of the report date, Oriental Cable has a market capitalization of 39.8 billion yuan [1]

二、我们对本次聘任的高级管理人员个人履历进行了审查，认为聘任的高级 管理人员的教育背景、任职资格与工作经历、专业能力等方面均符合具备担任相 应职务的资格和能力，符合担任上市公司高级管理人员的任职条件；未发现其存 在《公司法》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《公 司章程》等规定的不得担任上市公司高级管理人员的情形，不存在被中国证监会 采取市场禁入措施期限尚未届满的情形，也不存在被证券交易所公开认定为不适 合担任上市公司高级管理人员期限尚未届满的情形。 独立董事：杨黎明、徐立华、黄惠琴 2025 年 9 月 5 日 根据《中华人民共和国证券法》《中华人民共和国公司法》（下称"《公司 法》"）《上海证券交易所股票上市规则》《宁波东方电缆股份有限公司章程》（以 下简称"公司章程"）等相关规定，作为宁波东方电缆股份有限公司（以下简称 "公司"）第七届董事会的独立董事，我们认真审阅了公司第七届董事会第一次 会议提交的议案及相关材料，基于独立董事自身独立判断的立场，现就公司聘任 新一届高级管理人员事项发表独立意见如下： 一、公司高级管理人员的提名和董事会表决程序符合《公司法》《公司章程》 等法律 ...

证券代码：603606 证券简称：东方电缆 公告编号：2025-037 宁波东方电缆股份有限公司 关于董事会完成换届选举及聘任高级管理人员的公告 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。 宁波东方电缆股份有限公司（以下简称"公司"）于 2025 年 9 月 5 日召开 2025 年第二次临时股东会，选举产生公司第七届董 事会非独立董事 5 名和独立董事 3 名。公司于 2025 年 8 月 14 日 召开第十一届职工代表大会第 3 次会议选举产生公司第七届董事 会职工代表董事 1 名。 同日，公司召开第七届董事会第 1 次会议，选举产生公司董 事长、副董事长、董事会专门委员会委员，并聘任公司新一届高 级管理人员。公司董事会已完成换届，现将具体情况公告如下： 一、 公司第七届董事会组成情况 根据公司 2025 年第二次临时股东会、第十一届职工代表大会第 3 次会议及第七届董事会第 1 次会议选举结果，公司第七董事会成员具 体如下： 董事长：夏崇耀 副董事长：夏峰 非独立董事：乐君杰、柯军、陈虹 独立董事： 杨黎明、黄惠琴 ...

本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 5 日 证券代码：603606 证券简称：东方电缆 公告编号：2025-035 宁波东方电缆股份有限公司 2025年第二次临时股东会决议公告 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： (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 746 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 408,487,774 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 59.3977 | (二)股东会召开的地点：宁波东方电缆股份有限公司会议室（宁波市中山东路 1800 号国华金融中心 49-50F） 本次会议由公司董事会召集，采取现场和网络投票相结合的方式召开，公司 董事长夏崇耀先生主持了本次会议 ...

上海市锦天城律师事务所 关于宁波东方电缆股份有限公司 2025 年第二次临时股东会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于宁波东方电缆股份有限公司 2025 年第二次临时股东会的 本次股东会现场会议于2025年9月5日13:30在浙江省宁波市中山东路1800 号国华金融中心 49-50F 公司会议室如期召开。通过上海证券交易所系统进行的 网络投票于 2025 年 9 月 5 日 9:15-9:25、9:30-11:30、13:00-15:00 进行；通过上 海证券交易所互联网投票系统进行的投票于 2025 年 9 月 5 日 9:15-15:00 进行。 法律意见书 致：宁波东方电缆股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受宁波东方电缆股份有限 公司（以下简称"公司"）委托，就公司召开 2025 年第二次临时股东会（以下 简称"本次股东会"）的有关事宜，根据《中华人民共和国公司法》（以下简称 "《 ...

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。 一、董事会会议召开情况 宁波东方电缆股份有限公司（以下简称"公司"）第七届董事会 第1次会议于2025年9月5日在公司会议室以现场会议的方式召开，会 议由夏崇耀先生主持。本次董事会应参加表决的董事9人，实际参与 表决董事9人。本次董事会会议的召开符合《公司法》与《公司章程》 的规定。公司高级管理人员列席了会议，本次会议审议通过五项议案。 二、董事会会议审议情况 （一）审议通过了公司《关于选举公司第七届董事会董事长、副 董事长的议案》； 表决结果：同意9票，反对0票，弃权0票。 选举夏崇耀先生为公司第七届董事会董事长，选举夏峰先生为公 司第七届董事会副董事长，任期三年。 证券代码：603606 证券简称：东方电缆 公告编号：2025-036 宁波东方电缆股份有限公司 第七届董事会第1次会议决议公告 主任委员：黄惠琴 （二）审议通过了公司《关于选举公司第七届董事会专门委员会 成员的议案》； 表决结果：同意9票，反对0票，弃权0票。 公司第七届董事会专门委员会组成人员如下： （1）战 ...

Core Viewpoint - The wind power industry experienced significant growth in installed capacity in the first half of 2025, driven by a surge in demand, although profitability varied across different segments of the industry [1][2]. Summary by Sections Industry Performance - In the first half of 2025, the national wind power newly installed capacity reached 51.39 GW, a year-on-year increase of 98.9%, with onshore wind accounting for 48.90 GW and offshore wind for 2.49 GW [1]. - Despite strong revenue growth for many wind power companies, there was a notable divergence in performance across different segments, with wind turbine manufacturers seeing revenue increases but not corresponding profit growth [1][5]. Financial Results of Wind Turbine Manufacturers - Six major wind turbine manufacturers reported total revenues of 716.04 billion yuan, a significant increase, but net profits were only 15.99 billion yuan, indicating a stark performance disparity among companies [2]. - Goldwind Technology, as a leading turbine manufacturer, reported revenues of 285.37 billion yuan, up 41.26%, and net profits of 14.88 billion yuan, up 7.26% [2]. Component Manufacturers' Performance - In contrast to turbine manufacturers, most wind power component companies reported strong performance, benefiting from high demand and price increases [5]. - New Strong Union, a bearing manufacturer, achieved a revenue of 22.10 billion yuan, a year-on-year increase of 108.98%, and a net profit of 4.00 billion yuan, up 496.60% [5]. - Other component manufacturers like Haigang Co., Tongyu Heavy Industry, and Jinlei Co. also saw significant profit increases [5]. Market Trends and Future Outlook - The average bidding price for onshore wind turbines hit a low in early 2024 but began to recover, with the average price for the first half of 2025 at 1,496 yuan/kW, an 8% increase year-on-year [8]. - Companies like Sany Heavy Energy expect a noticeable improvement in profit margins due to rising bidding prices and a strong order backlog [9]. - As of June 30, 2025, Goldwind reported an order backlog of 51.81 GW, a 45.58% increase year-on-year, indicating robust future demand [9][10].

Group 1 - The core viewpoint of the article highlights the performance and outlook of the Bosera New Energy Theme Mixed A Fund, which reported a profit of 1.9557 million yuan in the first half of 2025, with a net value growth rate of 2.49% [2][3] - As of September 3, 2025, the fund's unit net value was 0.837 yuan, and its scale reached 70.6037 million yuan [2][30] - The fund manager expresses optimism for the second half of 2025, particularly favoring growth assets in the context of liquidity easing, with a focus on "pan-AI" assets and the electric power electronics sector transitioning into AI [3] Group 2 - The fund's recent performance metrics indicate a three-month net value growth rate of 22.73%, a six-month growth rate of 14.50%, and a one-year growth rate of 40.59%, positioning it favorably among comparable funds [6] - The fund's weighted average price-to-earnings ratio (TTM) is approximately 20.64 times, significantly lower than the industry average of 36.17 times, indicating a potentially undervalued position [11] - The weighted revenue growth rate for the fund's holdings is 0.2%, and the weighted net profit growth rate is 0.3% for the first half of 2025, reflecting modest growth [19] Group 3 - The fund's three-year Sharpe ratio stands at -0.4169, ranking it 91 out of 120 comparable funds, indicating a relatively lower risk-adjusted return [24] - The fund's maximum drawdown over the past three years is 50.9%, with the largest single-quarter drawdown occurring in Q2 2022 at 22.51% [26] - As of June 30, 2025, the fund had a total of 5,216 holders, with individual investors holding 100% of the shares, and the fund's turnover rate for the last six months was approximately 530.32% [34][37]

Summary of Key Points from Conference Call Industry Overview - The conference call focuses on the offshore wind power industry, particularly the developments in submarine cable projects and related infrastructure in China [1][2][3]. Core Insights and Arguments - **Significant Increase in Offshore Wind Power Deliveries**: In Q3, there was a notable increase in offshore wind power delivery volumes, with companies like Oriental Cable reporting substantial inventory and contract liabilities, indicating a trend towards large-scale deliveries [1][3]. - **Optimistic Delivery Expectations**: Major manufacturers expect that the delivery volume in the second half of the year will significantly exceed that of the first half, suggesting a recovery in industry sentiment [1][3]. - **Upcoming Tender Activities**: The second half of the year is expected to see an increase in submarine cable tender activities, with the initiation of the 500 kV DC submarine cable pre-qualification tender at the Z15 site in Zhejiang [1][2][4]. - **Policy Support**: There is a strong expectation of policy support from the government, which is anticipated to stimulate market growth and development in the offshore wind sector [1][5][17]. - **Year-on-Year Capacity Growth**: The newly installed grid-connected capacity in the first half of the year reached 2.49 GW, a 200% increase year-on-year, primarily due to a low base from the previous year and delays in projects [1][6]. - **Projected Wind Power Installation**: The total wind power installation for the year is expected to exceed 8 GW, potentially reaching 10 GW, with a conservative market expectation of 6-8 GW, representing a 50%-100% increase compared to last year [1][9]. Additional Important Insights - **Project Pipeline**: Currently, there are 2.55 GW of projects confirmed for grid connection, with an additional 8.3 GW of projects under construction, indicating a robust project pipeline [1][7]. - **Market Dynamics**: The market for 500 kV AC submarine cable orders is expected to increase significantly, with major orders anticipated in Guangdong province [1][11]. - **Future Market Expectations**: Despite a bullish market, investor sentiment is cautious due to previous speculative activities. Strong performance in company earnings and long-term planning are necessary to regain investor confidence [1][15]. - **Deep Sea Wind Power Projects**: The total capacity of deep sea wind power projects has reached 42.62 GW, with significant progress in demonstration projects, particularly at the Z15 site [1][16]. - **Long-term Industry Outlook**: The industry is expected to enter a long-term layout phase supported by policy initiatives, with a potential positive impact on performance and planning expectations [1][18]. This summary encapsulates the key points discussed in the conference call, highlighting the current state and future outlook of the offshore wind power industry in China.