关于参加 2025 年河北辖区上市公司投资者网上集体 接待日暨 2025 年半年报集体业绩说明会的公告 证券代码：605196 证券简称：华通线缆 公告编号：2025-079 河北华通线缆集团股份有限公司 河北华通线缆集团股份有限公司董事会 为进一步加强与投资者的互动交流，河北华通线缆集团股份有限公司(以下 简称"公司")将参加由河北上市公司协会、河北资本市场之家与深圳市全景网 络有限公司联合举办的"2025 年河北辖区上市公司投资者网上集体接待日暨 2025 年半年报集体业绩说明会"活动，现将相关事项公告如下: 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 (http://rs.p5w.net)，或关注微信公众号:全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 9 月 15 日(周一)15:00-17:00。 届时公司董事、总经理张书军先生，财务总监兼董事会秘书罗效愚先生将在 线就公司业绩、公司治理、发展战略、经营状况和可持续发展等投资者关心的问 题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与! 特此公告。 本公司董事会及全体董事保证本公告内容不存在任何 ...

9月9日，华通线缆涨5.05%，截至发稿，报27.47元/股，成交1.22亿元，换手率0.90%，总市值140.37亿 元。 资料显示，河北华通线缆集团股份有限公司位于河北省丰南经济开发区华通街111号，成立日期2002年6 月21日，上市日期2021年5月11日，公司主营业务涉及从事电线电缆的研发、生产与销售业务。主营业 务收入构成为：电线电缆及其他87.20%，连续管及作业装置9.73%，其他(补充)3.07%。 从基金十大重仓股角度 国富平衡养老三年混合(FOF)A（008625）基金经理为吴弦、赵星宇。 截至发稿，吴弦累计任职时间5年100天，现任基金资产总规模2.74亿元，任职期间最佳基金回报0%， 任职期间最差基金回报0%。 赵星宇累计任职时间48天，现任基金资产总规模2.74亿元，任职期间最佳基金回报0%， 任职期间最差 基金回报-8.21%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，国海富兰克林基金旗下1只基金重仓华通线缆。国富平衡养老三 ...

Core Viewpoint - Recently, Huadong Oilfield (Beijing) International Energy Co., Ltd. was established with a registered capital of 10 million yuan, focusing on oil and gas technology services and equipment sales [1] Company Summary - The newly established company has a registered capital of 10 million yuan [1] - Its business scope includes oil and gas technology services, sales of specialized drilling equipment, and research and sales of mechanical equipment [1] - The company is jointly held by Huadong Cable and other stakeholders [1]

Group 1 - The core viewpoint of the news is the performance and financial status of Huadong Cable, which saw a stock price increase of 5.41% to 24.35 CNY per share, with a total market capitalization of 12.443 billion CNY [1] - Huadong Cable's main business involves the research, production, and sales of electrical wires and cables, with revenue composition being 87.20% from cables, 9.73% from continuous pipes and operating devices, and 3.07% from other sources [1] - The company was established on June 21, 2002, and went public on May 11, 2021, indicating a relatively recent entry into the public market [1] Group 2 - According to data, the ICBC Credit Suisse Fund has a significant holding in Huadong Cable, with its fund "ICBC New Materials New Energy Stock" (001158) reducing its stake by 791,900 shares, now holding 1,458,100 shares, which represents 2.16% of the fund's net value [2] - The fund has achieved a year-to-date return of 15.34% and a one-year return of 27.67%, ranking 2837 out of 4222 and 3141 out of 3789 respectively among its peers [2] - The fund manager, Zhang Jianfeng, has been in charge for nearly 9 years, with the fund's total asset size at 5.42 billion CNY and a best return of 100.95% during his tenure [3]

Core Points - Company completed the registration of restricted stock grants on August 1, 2025, resulting in an increase in total shares from 508,242,781 to 511,002,781 [2] - Correspondingly, the registered capital was adjusted from 508,242,781 yuan to 511,002,781 yuan [2] - The capital change was authorized by the company's first extraordinary general meeting of 2025 and approved by the ninth meeting of the fourth board of directors on August 25, 2025 [2] - The company has completed the business change registration and the filing of the Articles of Association, receiving a new business license from the Tangshan Administrative Approval Bureau [2]

证券代码：605196 证券简称：华通线缆 公告编号：2025-078 河北华通线缆集团股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 统一社会信用代码：9113020074017492XD 法定代表人：张文东 注册资本：伍亿壹仟壹佰万贰仟柒佰捌拾壹元整 成立日期：2002 年 6 月 21 日 住所：丰南经济开发区华通街 111 号 经营范围：一般项目:电线、电缆经营；电力设施器材制造；电力设施器材 销售；机械电气设备制造；机械电气设备销售；化工产品销售(不含许可类化工 一、换发公司营业执照的情况概述 根据《上市公司股权激励管理办法》《公司 2025 年限制性股票激励计划（草 案）》的相关规定以及股东会的授权，并经上海证券交易所审核同意，河北华通 线缆集团股份有限公司（以下简称"公司"）于 2025 年 8 月 1 日完成了 2025 年 限制性股票的授予登记工作，取得了中国证券登记结算有限责任公司上海分公司 出具 的《 证券 变更登 记证 明》，公 司股 份总 数由 ...

Group 1 - The stock price of Huadong Cable increased by 5.07% to 22.80 CNY per share, with a trading volume of 139 million CNY and a turnover rate of 1.23%, resulting in a total market capitalization of 11.651 billion CNY [1] - Hebei Huadong Cable Group Co., Ltd. was established on June 21, 2002, and went public on May 11, 2021. The company's main business involves the research, development, production, and sales of electrical wires and cables [1] - The revenue composition of the company is as follows: electrical wires and cables account for 87.20%, continuous pipes and operating devices for 9.73%, and other supplementary sources for 3.07% [1] Group 2 - According to data, one fund under Xinda Australia Fund has a significant holding in Huadong Cable. The Xinda Industrial Upgrade Mixed A Fund (610006) held 739,800 shares in the second quarter, representing 7.42% of the fund's net value, making it the largest holding [2] - The Xinda Industrial Upgrade Mixed A Fund (610006) was established on June 13, 2011, with a latest scale of 176 million CNY. Year-to-date returns are 43.23%, ranking 1022 out of 8254 in its category; the one-year return is 103.69%, ranking 339 out of 8037; and since inception, the return is 223.61% [2] - The fund manager of Xinda Industrial Upgrade Mixed A Fund is Zeng Guofu, who has a cumulative tenure of 17 years and 38 days, with the total asset scale currently at 481 million CNY. The best fund return during his tenure is 109.1%, while the worst is -57.43% [2]

Group 1 - Qushi Asset Management recently conducted research on two listed companies, Luxshare Precision and Huatong Cable [1][2] - Luxshare Precision's key product lines include smart glasses, AI glasses, AR/VR/XR glasses, smart wristbands, and smartwatches, with Jiangsu Luxshare Robotics as a controlling subsidiary [1] - Huatong Cable expects its revenue to reach 3.425 billion yuan in the first half of 2025, a year-on-year increase of 12.95%, while profits are expected to decline due to early-stage investments in construction projects [2] Group 2 - Huatong Cable is expanding its local production and sales in Africa, specifically in Tanzania and Cameroon, while also developing the electrolytic aluminum industry chain in Angola [2] - The company has a high proportion of overseas trade and is implementing a "domestic and international market balance" strategy to mitigate the impact of international trade fluctuations [2] - Huatong Cable completed a share buyback of 6.48 million shares, investing 77.898 million yuan, and has implemented stock incentive plans for 2022 and 2025 [2] Group 3 - Shanghai Qushi Asset Management was established in September 2015 with a registered capital of 10 million yuan and has been recognized as a private securities investment fund manager since April 2016 [3] - The company focuses on asset management and securities investment funds, with over 90% of its employees holding master's degrees or higher from prestigious institutions [3] - The founder, Zhang Xiuqi, is a well-known fund manager in the public fund sector, and the company has received multiple awards for its performance and investment strategies [3]

Group 1: ZY Information - SnapDevelop has attracted over 20,000 registered users, and EazyDevelop has nearly 2,000 trial users, with commercial trials underway for some clients [1] - The company collaborates with Dcloud to develop a version of SnapDevelop that supports its ecosystem, with an official release expected in September-October [1] - EazyDevelop's public beta has been implemented in the healthcare sector, enhancing development efficiency [1] - The company adheres to an "I+IDE" dual-engine strategy, maintaining proprietary compilers to support domestic and Harmony ecosystem [1] - External mergers and acquisitions remain a key strategy, focusing on early to mid-stage projects [1] - The annual incentive target is expected to be achieved, with products entering the commercialization phase since August [1] Group 2: Huatong Cable - In the first half of 2025, the company achieved revenue of 3.425 billion yuan, a year-on-year increase of 12.95%, while profits declined mainly due to early-stage investments in construction projects [2] - The African segment has localized production and sales in Tanzania and Cameroon, while the Angola factory is under construction and expanding the electrolytic aluminum industry chain [2] - The company has a high proportion of overseas trade and mitigates international trade fluctuations through a "dual market" strategy [2] - Due to ongoing projects and expansion plans, there is a funding requirement, and the company will raise funds through multiple channels [2] - The company completed a share buyback of 6.48 million shares, investing 77.898 million yuan, and has implemented equity incentive plans for 2022 and 2025 [2] Group 3: Tianlong Group - In the first half of 2025, the company reported revenue of 3.483 billion yuan and a net profit of 70.3048 million yuan, reflecting a year-on-year growth of 120.56% [3] - The internet marketing segment accounts for nearly 50% of self-operated business consumption, while the ink segment saw a revenue increase of 20% and profit growth of 38% [3] - Export revenue increased by 115% year-on-year, and the forest chemical segment's net profit grew by 61% [3] - Expansion projects for dihydro-laurolactone and dihydro-laurolactone alcohol are progressing, with expected completion by the end of September [3] - The company focuses on "risk control, structural adjustment, and capability enhancement," promoting a full-chain layout and exploring industrial acquisition opportunities [3]

Core Viewpoint - The company reported a revenue increase of 12.95% year-on-year for 1H25, but a significant decline of 29.30% in net profit attributable to shareholders, aligning with market expectations [1] Financial Performance - 1H25 revenue reached 3.425 billion yuan, with cable revenue up 14.20% to 2.987 billion yuan and revenue from continuous pipes and operating devices up 12.63% to 333 million yuan [1] - 2Q25 revenue was 1.890 billion yuan, a year-on-year increase of 14.36%, while net profit attributable to shareholders was 96 million yuan, down 8.18% [1] - Overseas revenue showed strong growth, with 1H25 overseas/inland revenue at 2.389 billion yuan/931 million yuan, up 18.14%/4.73% year-on-year [1] - The U.S. sales subsidiary generated 737 million yuan in revenue, a 22.09% increase year-on-year, attributed to strong downstream demand [1] Profitability Analysis - The company's gross margin for 1H25 was 14.54%, down 2.17 percentage points year-on-year, with overseas/inland gross margins at 13.80%/14.69%, reflecting a decline of 5.30/+3.49 percentage points [2] - The decrease in overseas gross margin is primarily due to rising tariffs and freight costs, but improvements are expected as high-margin products increase and tariff negotiations progress [2] - The company's expense ratio for 1H25 was 9.13%, up 0.39 percentage points year-on-year, with a net profit margin of 4.02%, down 2.40 percentage points [2] Development Trends - The company is enhancing its overseas presence, with a new production base in Panama to support North American market needs and a new aluminum electrolysis plant in Angola to strengthen supply chain stability [3] - The first phase of the Angola project is expected to be completed in the second half of 2025, with an annual production capacity of 120,000 tons of electrolytic aluminum, contributing to performance in 2026 [3] - Contracts worth 25 million USD and 30 million USD were signed with commodity traders, indicating progress towards production [3] Profit Forecast and Valuation - Due to tariff and freight disruptions, the 2025 net profit forecast has been reduced by 35% to 330 million yuan, with a new 2026 net profit forecast of 560 million yuan [4] - The current stock price corresponds to P/E ratios of 31.5/18.9 for 2025/2026, with a target price increase of 71% to 22 yuan, indicating a 7% upside potential [4]