本资产评估报告依据中国资产评估准则编制 资产组可收回金额评估项目 资 产 评 估 报 告 坤元评报〔2025〕955 号 （共一册 第一册） 杭州电缆股份有限公司拟进行资产减值测试 2025 年 10 月 25 日 | 声 明 1 | | | --- | --- | | 资产评估报告·摘要 2 | | | 资产评估报告·正文 4 | | | 一、委托人、产权持有人及其他资产评估报告使用人 | 4 | | 二、评估目的 | 6 | | 三、评估对象和评估范围 | 6 | | 四、价值类型 | 7 | | 五、评估基准日 | 7 | | 六、评估依据 | 8 | | 七、评估方法 | 9 | | 八、评估程序实施过程和情况 | 13 | | 九、评估假设 | 14 | | 十、评估结论 | 15 | | 十一、特别事项说明 | 16 | | 十二、资产评估报告使用限制说明 | 17 | | 十三、资产评估报告日 | 18 | | 资产评估报告·备查文件 | | | 一、委托评估资产申报汇总表 | 19 | | 二、委托人和产权持有人营业执照 | 20 | | 三、评估对象涉及的主要权属证明资料 | 22 | | ...

Group 1 - The core point of the article is that Hangdian Co., Ltd. announced the convening of its 2025 first extraordinary general meeting of shareholders during the 13th session of the fifth board meeting held on October 29, 2025 [1] - For the fiscal year 2024, the revenue composition of Hangdian Co., Ltd. is as follows: 93.6% from power transmission and distribution equipment, 3.73% from optical communication, 2.56% from electronic information materials, and 0.11% from other businesses [1] - As of the report date, the market capitalization of Hangdian Co., Ltd. is 6.1 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market transformation and a new "slow bull" pattern emerging [1]

Group 1 - The company, Hangdian Co., Ltd. (SH 603618), announced on October 29 that it has made a provision for asset impairment totaling approximately RMB 289 million, which will reduce the company's total profit for the first three quarters of 2025 by the same amount [1] - For the year 2024, the revenue composition of Hangdian Co., Ltd. is as follows: 93.6% from power transmission and distribution equipment, 3.73% from optical communications, 2.56% from electronic information materials, and 0.11% from other businesses [1] - As of the report date, the market capitalization of Hangdian Co., Ltd. is RMB 6.1 billion [1]

Core Viewpoint - Hangzhou Electric Co., Ltd. reported a revenue increase of 6.89% year-on-year for the first three quarters of 2025, amounting to approximately 6.887 billion yuan, despite a net loss attributable to shareholders of about 219 million yuan [1][1][1] Company Summary - Revenue for the first three quarters of 2025 reached approximately 6.887 billion yuan, reflecting a year-on-year increase of 6.89% [1][1][1] - The net profit attributable to shareholders was a loss of approximately 219 million yuan [1][1][1] - Basic earnings per share reported a loss of 0.32 yuan [1][1][1] - As of the report, the market capitalization of Hangzhou Electric Co., Ltd. was 6.1 billion yuan [1][1][1]

证券代码：603618 证券简称：杭电股份 编号：2025-044 杭州电缆股份有限公司 关于计提资产减值准备的公告 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。 杭州电缆股份有限公司（以下简称"公司"）于2025年10月29日召开的第五 届董事会第十三次会议和第五届监事会第十一次会议审议通过了《关于计提资产 减值准备的议案》。根据《中华人民共和国公司法》《中华人民共和国证券法》《上 海证券交易所股票上市规则》等相关规定，现将具体情况公告如下： 一、本次计提资产减值准备情况概述 公司全资二级子公司杭州永特信息有限公司（以下简称"永特信息"）受光 纤光缆行业市场需求下滑、产能过剩和市场竞争加剧等因素影响，光纤光缆市场 价格尤其是2025年7月公司中国移动中标价格大幅下滑，虽然永特信息近年来实 施降本增效等手段，但仍然存在经营亏损情况，资产出现减值迹象，基于谨慎性 原则，根据坤元资产评估有限公司出具的《资产评估报告》（坤元评报〔2025〕 955号），公司对永特信息计提固定资产减值准备金额26,448.60万元。 3、资产评估报 ...

证券代码：603618 证券简称：杭电股份 编号：2025-043 杭州电缆股份有限公司 一、取消监事会的情况 根据《公司法》《上市公司章程指引（2025年修订）》等法律、法规及规范性 文件的相关规定，并结合公司实际情况，公司拟取消监事会，《公司法》规定的监 事会职权由董事会审计委员会行使，《杭州电缆股份有限公司监事会议事规则》相 应废止。 在公司股东大会审议通过取消监事会事项前，公司监事会仍将严格按照法律、 法规及规范性文件的要求继续履行职能，维护公司及全体股东的合法利益。公司 对监事会全体成员在任职期间的勤勉工作及对公司发展做出的贡献表示衷心感 谢。 二、《公司章程》及相关议事规则的修订情况 根据《公司法》《上市公司章程指引（2025年修订）》等相关法律法规及规范 性文件，结合公司实际情况，公司拟对《公司章程》及《杭州电缆股份有限公司 股东大会议事规则》《杭州电缆股份有限公司董事会议事规则》（以下简称"《董事 会议事规则》"）进行修订，其中《杭州电缆股份有限公司股东大会议事规则》更 名为《杭州电缆股份有限公司股东会议事规则》（以下简称"《股东会议事规则》"）。 修订前 修订后 第一章 总则 第一章 总则 ...

证券代码：603618 证券简称：杭电股份 公告编号：2025- 杭州电缆股份有限公司 关于召开2025年第一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： 一、 召开会议的基本情况 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 14 日 14 点 30 分 召开地点：浙江省杭州市富阳区东洲街道永通路 18 号 股东大会召开日期：2025年11月14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)股东大会类型和届次 2025年第一次临时股东大会 (二)股东大会召集人：董事会 (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 (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大会网络投票系统 网络投票起止时间：自2025 年 11 月 14 日 至2025 年 11 月 14 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段 ...

杭州电缆股份有限公司 第五届监事会第十一次会议决议公告 证券代码：603618 证券简称：杭电股份 编号：2025-042 本公司监事会及全体监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。 杭州电缆股份有限公司（以下简称"公司"）第五届监事会第十一次会议（以 下简称"会议"）于 2025 年 10 月 29 日以现场会议的方式在杭州电缆股份有限 公司（浙江省杭州市富阳区东洲街道永通路 18 号）三楼会议室召开，会议应出 席监事 3 人，实际到会监事 3 人。会议通知已于 2025 年 10 月 19 日以书面方式 向各位监事发出。本次会议的召集、召开符合《中华人民共和国公司法》和《杭 州电缆股份有限公司章程》的有关规定，会议决议合法、有效。 本次会议由公司监事会主席卢献庭主持，经与会监事充分讨论，审议通过了 如下议案： 一、审议通过了《关于公司<2025年第三季度报告>的议案》 根据相关规定和要求，监事会在经过全面了解和审核公司《2025 年第三季 度报告》后认为： 本议案同意票 3 票，反对票 0 票，弃权票 0 票。 （2）《2025 年第 ...

Financial Performance - The company's operating revenue for the third quarter was ¥2,362,892,569.69, a decrease of 8.01% compared to the same period last year[4] - The total profit for the quarter was -¥256,156,658.36, representing a decline of 517.88% year-on-year[4] - The net profit attributable to shareholders was -¥257,175,378.49, down 607.32% from the previous year[4] - The basic earnings per share for the quarter was -¥0.37, a decrease of 628.57% compared to the same period last year[4] - The company reported a net loss of ¥215,301,101.11 for the first three quarters of 2025, compared to a net profit of ¥126,564,025.33 in the same period of 2024[22] - The operating profit for the first three quarters of 2025 was -¥201,988,867.74, a significant decline from the operating profit of ¥144,253,218.55 in the previous year[21] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.32, compared to ¥0.18 in the same period of 2024[22] - Total comprehensive income for the first three quarters of 2025 was a loss of CNY 126,751,979.11, compared to a total comprehensive income of CNY 172,146,843.56 in 2024[34] Assets and Liabilities - Total assets at the end of the quarter were ¥10,253,941,172.06, an increase of 2.13% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥7,814,059,663.49, an increase from ¥7,256,367,722.70 at the end of 2024[15] - Total liabilities as of September 30, 2025, are ¥6,152,095,115.09, compared to ¥5,743,466,419.41 at the end of 2024[16] - The total liabilities of the company reached ¥7,458,226,382.08, an increase from ¥6,949,361,103.33, indicating a growth of 7.3%[21] - Total assets as of September 30, 2025, are ¥10,253,941,172.06, up from ¥10,040,349,200.26 at the end of 2024[16] - Current assets increased to CNY 7,280,019,973.97 from CNY 6,500,006,372.23 year-over-year[29] - Total liabilities rose to CNY 6,430,660,939.78, compared to CNY 5,641,388,604.73 at the end of 2024[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 85,401[12] - The largest shareholder, Yongtong Holdings Group Co., Ltd., holds 207,000,000 shares, accounting for 29.94% of total shares[12] - Zhejiang Fuchunjiang Communication Group Co., Ltd. is the second-largest shareholder with 153,000,000 shares, representing 22.13%[12] Cash Flow - The company reported a cash flow from operating activities of -¥529,434,815.51 for the year-to-date[4] - Operating cash inflow for the first three quarters of 2025 was CNY 7,294,124,875.28, an increase of 1.6% compared to CNY 7,178,970,957.08 in the same period of 2024[25] - Net cash outflow from operating activities was CNY -529,434,815.51, slightly worse than CNY -500,465,245.42 in the previous year[25] - Cash flow from investing activities showed a net outflow of CNY -131,417,737.21, an improvement from CNY -246,256,437.13 in the same period last year[26] - Cash flow from financing activities generated a net inflow of CNY 438,431,449.58, compared to CNY 364,888,961.56 in the previous year[26] Expenses - Total operating costs amounted to ¥6,783,242,291.53, up from ¥6,245,729,467.58, reflecting a year-over-year increase of 8.6%[21] - Research and development expenses increased to ¥274,363,095.57, compared to ¥222,349,542.26 in the same period last year, marking a rise of 23.4%[21] - The company incurred financial expenses of CNY 59,145,097.59 in 2025, a decrease from CNY 68,150,646.04 in 2024, showing a reduction of approximately 14.77%[33] - The company reported an increase in sales expenses to CNY 206,391,443.81 in 2025 from CNY 192,940,799.88 in 2024, which is an increase of about 6.93%[33] Other Financial Metrics - The decline in profit was primarily due to a decrease in product sales gross margin and a reduction in revenue from value-added tax deductions[9] - The company recognized non-recurring losses of -¥567,139.76 during the quarter[8] - The weighted average return on net assets was -9.17%, a decrease of 10.86 percentage points compared to the previous year[4] - The deferred income decreased slightly to ¥114,676,346.81 from ¥121,055,933.02, indicating a reduction of 5.5%[21] - The company reported a significant increase in credit impairment losses, which amounted to CNY -28,141,162.32 in 2025, compared to CNY -46,883,350.81 in 2024, reflecting an improvement in credit quality[33]

涉及的杭州永特信息技术有限公司 资产组可收回金额评估项目 杭州电缆股份有限公司拟进行资产减值测试 | | | | 第一部分 | 关于评估说明使用范围的声明 | 1 | | --- | --- | --- | | 第二部分 | 企业关于进行资产评估有关事项的说明 | 2 | | 第三部分 | 资产评估说明正文 | 12 | 杭州电缆股份有限公司拟进行资产减值测试涉及的 杭州永特信息技术有限公司资产组可收回金额评估项目 资产评估说明 资 产 评 估 说 明 坤元评报〔2025〕955 号 （共一册 第一册） 坤元资产评估有限公司 2025 年 10 月 25 日 第一部分 关于评估说明使用范围的声明 资产评估机构提供的《资产评估说明》仅供委托人、相关监管机构和部门使用。 除法律、行政法规规定外，材料的全部或者部分内容不得提供给其他任何单位或个 人，也不得见诸公开媒体。 坤元资产评估有限公司 2025 年 10 月 25 日 1 坤元资产评估有限公司 第二部分 企业关于进行资产评估有关事项的说明 一、委托人与产权持有人概况 本次资产评估的委托人为杭州电缆股份有限公司，产权持有人为杭州永特信息 技术有限公司。 (一) ...