证券之星消息，9月26日电网设备板块较上一交易日下跌0.11%，杭电股份领跌。当日上证指数报收于 3828.11，下跌0.65%。深证成指报收于13209.0，下跌1.76%。电网设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301668 | N昊创 | 61.06 | 190.76% | 18.81万 | | 11.88亿 | | 002346 | 柘中股份 | 19.14 | 10.00% | 11.98万 | | 2.24亿 | | 603606 | 东方电缆 | 66.02 | 5.46% | 20.39万 | | 13.58亿 | | 601126 | 四方股份 | 19.10 | 4.83% | 52.25万 | | 10.04亿 | | 002121 | 科陆电子 | 8.55 | 4.78% | 142.90万 | | 12.41亿 | | 300018 | 中元股份 | 9.14 | 4.22% | 39.05万 | | 3.57亿 ...

Market Performance - The three major A-share indices collectively declined, with the Shanghai Composite Index down 0.65% to 3828 points, the Shenzhen Component Index down 1.76%, and the ChiNext Index down 2.6% [1] - The total trading volume for the day was 2.17 trillion yuan, a decrease of 225.7 billion yuan compared to the previous trading day, with over 3400 stocks declining across the market [1] Sector Performance - The gaming sector experienced a significant drop, with Jibite hitting the daily limit down [1] - The Nvidia concept stocks fell, with Magmi Tech down nearly 8% [1] - CPO and optical communication modules also saw declines, with Hangdian Co. hitting the daily limit down [1] - Other sectors that faced notable declines included laser radar, consumer electronics, and copper cable high-speed connections [1] - Conversely, the wind power equipment sector rose, with Weili Transmission and Mingyang Smart Energy hitting the daily limit up [1] - The chemical fiber sector saw gains, with Shunhua Co. hitting the daily limit up [1] - The pesticide and veterinary drug sector was active, with Lanfeng Biochemical hitting the daily limit up [1] - Other sectors with notable increases included fertilizers, plant-based meat, and green electricity [1] Index Performance - The Shanghai Composite Index closed at 3828.11, down 25.20 points or 0.65% [1] - The Shenzhen Component Index closed at 13209.00, down 236.90 points or 1.76% [1] - The ChiNext Index closed at 3151.53, down 84.23 points or 2.60% [1] - The CSI 300 Index closed at 4550.05, down 43.44 points or 0.95% [1] - The CSI 500 Index closed at 7240.91, down 100.41 points or 1.37% [1] - The CSI 1000 Index closed at 7397.59, down 108.92 points or 1.45% [1]

Group 1 - High-profile stocks experienced significant declines in the afternoon session, with notable stocks such as Lianang Microelectronics (605358), Huasoft Technology (002453), Kaimete Gas (002549), and Hongdou Co. (600400) hitting the daily limit down [1] - Other companies like Dazhong Public Utilities (600635), Hangzhou Electric (603618), Fulongma (603686), and Qingshan Paper (600103) saw declines exceeding 7% [1]

高位人气股午后跌势扩大，立昂微、华软科技、凯美特气、红豆股份跌停，大众公用、泰慕士、杭电股 份、福龙马、青山纸业等均跌超7%。 ...

Market Performance - Hangzhou Cable Co., Ltd. (杭电股份) experienced significant stock price volatility, with a 77.25% increase over six trading days from September 16 to September 23, 2025, followed by a sharp decline on September 24, where the stock hit the daily limit down, closing at 11.01 CNY per share and a market capitalization of 7.612 billion CNY [2][3][5] Trading Activity - The stock exhibited high trading activity, with turnover rates reaching 21.24%, 25.03%, and 29.48% on September 18, 22, and 23, respectively, indicating a "hot potato" effect and significant trading risks [3][5] - On September 23, the stock was listed on the "Dragon and Tiger List" due to a 29.48% turnover rate, with notable participation from speculative funds [5] Company Announcements - The company has issued multiple announcements regarding stock price fluctuations, confirming no undisclosed significant events affecting stock prices and advising investors to be cautious [4][6] Financial Performance - For the first half of 2025, the company reported a net profit attributable to shareholders of 37.81 million CNY, a decrease of 46.27% year-on-year, with a non-recurring net profit of 29.89 million CNY, down 53.49% [7] - The company's primary business includes the research, production, and sales of wires and cables, facing intense competition in the market [8] Industry Context - The cable industry in China is highly fragmented, with over 10,000 manufacturers and more than 2,000 large-scale enterprises, leading to fierce competition, particularly in the low and medium voltage cable sector [8] - The company is also involved in the optical communication and copper foil businesses, with the latter still in its early stages and facing challenges [8][9] Investment Projects - The company is investing approximately 5 billion CNY in a new subsidiary for a lithium battery ultra-thin copper foil project, which is currently in the trial production phase [9] - The copper foil business has been under pressure due to increased competition and declining profit margins, with the average gross margin for similar companies dropping significantly from over 20% in 2022 to 0.14% in 2024 [10]

Group 1 - The stock of Hangdian Co., Ltd. (603618) experienced a limit down on the trading day, with a turnover rate of 24.11% and a transaction amount of 1.679 billion yuan, showing a fluctuation of 8.17% [2] - The stock was listed on the Shanghai Stock Exchange's watch list due to a daily price deviation of -9.98%, with a net selling amount of 719,800 yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 212 million yuan, with a buying amount of 105 million yuan and a selling amount of 106 million yuan, resulting in a net selling of 719,800 yuan [2] Group 2 - The largest buying and selling brokerage was Guosen Securities Co., Ltd. Zhejiang Internet Branch, with a buying amount of 26.115 million yuan and a selling amount of 24.407 million yuan [3] - Over the past six months, the stock has been listed on the watch list seven times, with an average price increase of 3.35% the day after being listed and an average decline of 0.35% in the following five days [2] - The stock saw a net outflow of 18.0248 million yuan in main funds today, with a significant outflow of 24.4073 million yuan from large orders and an inflow of 6.3824 million yuan from medium orders [2] Group 3 - As of September 24, the margin trading balance for the stock was 215 million yuan, with a financing balance of 214 million yuan and a securities lending balance of 924,800 yuan [3] - In the past five days, the financing balance decreased by 7.9178 million yuan, a decline of 3.57%, while the securities lending balance increased by 129,900 yuan, an increase of 16.34% [3] - The company reported a total operating revenue of 4.524 billion yuan for the first half of the year, representing a year-on-year growth of 16.77%, while the net profit was 37.8138 million yuan, a year-on-year decline of 46.27% [3]

Core Viewpoint - The stock price of Hangzhou Electric Co., Ltd. (杭电股份) has experienced a significant drop after a period of speculative trading, leading to a trading halt at the daily limit down [2][3]. Stock Performance - From September 16 to September 23, the stock price surged from 6.90 CNY to 12.23 CNY, marking a cumulative increase of 77.25% [4]. - On September 24, the stock opened lower and hit the daily limit down by 10:35 AM [3]. Trading Activity - The stock exhibited high turnover rates on September 18, 22, and 23, with rates of 21.24%, 25.03%, and 29.48% respectively, indicating a "hot potato" trading effect and significant trading risks [4]. - On September 22, the company saw a financing buy-in of 199 million CNY and a net buy-in of 86.54 million CNY, which was a historical high, with cumulative net buy-ins reaching 875.1 million CNY over five trading days [4]. Company Operations - The company reaffirmed that its daily operations are normal and that there have been no significant changes in its internal or external business environment [5]. - The market speculation regarding the company's stock price was linked to a partnership with Yushu Technology, which was announced in a framework cooperation agreement in the field of artificial intelligence applications in power [6]. Financial Performance - The company has been facing financial pressure, with a reported net profit of 137.6 million CNY in 2023 and 138 million CNY in 2024, compared to a peak of 143 million CNY in 2022 [9]. - For the first half of 2025, the company reported revenue of 4.524 billion CNY, a year-on-year increase of 16.77%, but a net profit decline of 46.27% to 37.81 million CNY [9]. - As of June 30, 2025, the company's debt-to-asset ratio was 72.21%, with interest-bearing liabilities of 5.383 billion CNY, significantly exceeding cash holdings of 1.152 billion CNY [9]. Strategic Direction - The company is attempting to break through its current challenges through industrial expansion [10].

Group 1 - Hangzhou Dianzi Co., Ltd. (603618) experienced a limit down today with a turnover rate of 16.43% and a trading volume of 1.261 billion yuan, showing a fluctuation of 5.09% [1] - The stock was listed on the Shanghai Stock Exchange due to a daily decline deviation of -10.81%, with a net selling amount of 55.249 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 201 million yuan, with a buying amount of 72.6993 million yuan and a selling amount of 128 million yuan, resulting in a net selling of 55.249 million yuan [2] Group 2 - In the past six months, the stock has been listed on the trading alert board six times, with an average price increase of 6.01% the day after being listed and an average increase of 9.92% in the following five days [3] - The stock saw a net outflow of 200 million yuan in main funds today, with a significant outflow of 159 million yuan from large orders and 40.9864 million yuan from big orders [3] - The latest margin trading data shows a total margin balance of 226 million yuan, with a financing balance of 225 million yuan and a securities lending balance of 988,200 yuan [3] Group 3 - The company reported a revenue of 4.524 billion yuan in the first half of the year, representing a year-on-year growth of 16.77%, while the net profit was 37.8138 million yuan, a year-on-year decline of 46.27% [3]

Group 1 - The optical communication module sector experienced a decline of 2.56% [1] - Among the companies, Hangdian Co., Ltd. saw a drop of 5.97% [1] - Guangku Technology and Tengjing Technology fell by 5.56% and 5.53% respectively [1] Group 2 - Changfei Optical Fiber, Zhongji Xuchuang, and Cambridge Technology all reported declines exceeding 4% [1]

Group 1 - The stock of Hangdian Co., Ltd. (603618) experienced a rapid decline, hitting the daily limit down to 11.01 yuan per share after six consecutive days of limit up trading, with a total transaction volume exceeding 9.4 billion yuan [1] - From September 16 to September 23, the stock price increased by 77.25%, significantly outperforming peers in the industry, with high turnover rates on September 18, 22, and 23 at 21.24%, 25.03%, and 29.48% respectively, indicating a high trading risk [1] - The company reported a record high net buy of 86.538 million yuan in financing on September 22, with a cumulative net buy of 87.510 million yuan over two days, and a total financing balance of 271 million yuan, which increased by 46.89% from the previous day [1] Group 2 - The company's main business involves the research, production, sales, and service of wires and cables, which are essential for energy transmission, information transfer, and electromagnetic energy conversion, while other business segments are currently operating at a loss [2] - For the first half of 2025, the company's net profit attributable to shareholders decreased by 46.27% to 37.8138 million yuan, and the net profit after deducting non-recurring gains and losses fell by 53.49% to 29.8904 million yuan [2] - The company has confirmed that its daily production and operational conditions remain normal, with no significant changes expected in the internal or external business environment [2]