河北华通线缆集团股份有限公司2025 年半年度报告 公司代码：605196 公司简称：华通线缆 河北华通线缆集团股份有限公司 2025 年半年度报告 二零二五年八月 1 / 203 河北华通线缆集团股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人张文东、主管会计工作负责人罗效愚及会计机构负责人（会计主管人员）张春 风声明：保证半年度报告中财务报告的真实、准确、完整。 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 报告期内，公司无利润分配预案或公积金转增股本预案。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性陈述，受诸多可变因素的影响，未来的实际 结果或发展趋势可能会与这些前瞻性陈述出现重大差异。本报告中的前瞻性陈述不构成公司对投 资者的实质承诺，敬请 ...

华通线缆公告，2025年上半年营业收入34.25亿元，同比增长12.95%。净利润1.38亿元，同比下降 29.30%。 ...

Core Viewpoint - The company, Hebei Huatong Cable Group Co., Ltd., is engaged in the research, production, and sales of electrical cables, with a significant focus on the smart grid and photovoltaic industries, benefiting from the depreciation of the RMB and a global sales strategy [2][4][8]. Company Overview - Hebei Huatong Cable Group was established on June 21, 2002, and went public on May 11, 2021. The main business revenue composition includes electrical cables and others (86.45%), continuous pipes and operating devices (9.99%), and other (3.56%) [8]. - As of March 31, 2025, the company had 14,000 shareholders, a decrease of 12.75% from the previous period, with an average of 36,538 circulating shares per person, an increase of 14.61% [8]. Financial Performance - For the first quarter of 2025, the company achieved a revenue of 1.536 billion yuan, representing a year-on-year growth of 11.25%. However, the net profit attributable to the parent company was 41.71 million yuan, a decrease of 53.79% year-on-year [8]. - The company has distributed a total of 107 million yuan in dividends since its A-share listing, with 94.47 million yuan distributed over the past three years [9]. Market Position and Trends - The company operates in various sectors, including marine economy, smart grid, industrial internet, and oil and gas exploration, with a significant overseas revenue share of 66.81%, benefiting from the depreciation of the RMB [4][8]. - The stock has shown a recent increase of 0.59% with a trading volume of 235 million yuan and a turnover rate of 2.13%, with a total market capitalization of 11.242 billion yuan [1]. Technical Analysis - The average trading cost of the stock is 17.83 yuan, with recent accumulation activity noted, although the strength of this accumulation is weak. The stock price is approaching a resistance level of 22.77 yuan, indicating potential for a pullback if this level is not surpassed [7].

今年以来，河北证监局持续深化上市公司常态化走访机制，为企业发展"疏堵克难"。 河北证监局主要负责人表示，上市公司是资本市场的基石，在业务扩张的同时，也要守住合规经营底 线，提高规范运作水平，尤其是在海外业务加速推进的过程中，要加强有效管理和风险杠杆控制。上市 公司尤其是民营企业的负责人要牢记，上市公司是公众公司，要对市场和投资者保持敬畏之心，不断完 善公司治理、规范股东行为，避免出现利益冲突或公司治理矛盾。 提升市值管理成效 近日，河北证监局联合中国农业银行河北省分行、财达证券股份有限公司、上海证券交易所、中国证券 报等单位，走进华通线缆、唐山港两家位于唐山的上市公司，与上市公司高管人员深入交流座谈，开 展"现场办公"，回应上市公司核心关切，推动上市公司用好用足资本市场工具做强做优。 央国企市值管理已从政策倡导转向实质性落地，在调研唐山港期间，河北证监局主要负责人表示，上市 公司要做好市值管理工作，提升市值管理成效，推动上市公司投资价值合理反映上市公司质量。 从盐碱滩涂到"世界枢纽"，唐山港正围绕建设"世界一流散杂货综合港口"发展目标奋发有为。唐山港董 事长陈立新介绍，近年来，唐山港大力发展增值服务，同时以" ...

Group 1 - Hebei Securities Regulatory Bureau is enhancing the regular visit mechanism for listed companies to address their core concerns and promote the effective use of capital market tools for growth [1] - The bureau aims to assist in the healthy and stable development of the Hebei capital market by strengthening the effectiveness and targeting of its regulatory and service efforts [1] - Companies are encouraged to leverage capital market tools such as refinancing, mergers and acquisitions, and equity incentives to achieve high-quality development [1] Group 2 - Huatong Cable has expanded its overseas business significantly, with nearly 70% of its revenue coming from international operations [2] - The company faces challenges in securing funds to support its global expansion strategy [2] - Suggestions from the regulatory and financial institutions include exploring H-share issuance and utilizing refinancing tools to attract international capital [2] Group 3 - The importance of compliance and effective management is emphasized for listed companies, especially as they expand their overseas operations [3] - Companies are reminded to maintain a respectful attitude towards the market and investors, ensuring good corporate governance and avoiding conflicts of interest [3] Group 4 - Tangshan Port is focused on enhancing its value-added services and developing a "smart port" to improve operational efficiency [3] - The port has distributed a total of 95.6 billion yuan in cash dividends since its listing, indicating strong shareholder returns [4] - The company is encouraged to enhance its market value management and improve communication with investors to increase transparency [4]

Core Viewpoint - The company, Hebei Huatuo Cable Group Co., Ltd., has announced the progress of its subsidiary's application for credit and acceptance of guarantees from the company and its actual controllers, involving a total guarantee amount of $1.1 million for HT International (Asia Pacific) Ltd. [2][5] Summary by Sections Guarantee Overview - The company has approved a comprehensive credit limit of up to 7 billion RMB or equivalent foreign currency for the year 2025, which includes various financial services such as loans and guarantees [5] - The total external guarantee amount provided by the company and its subsidiaries is capped at 5.2 billion RMB or equivalent foreign currency, which includes guarantees for subsidiaries [5][6] External Guarantee Details - The company plans to provide guarantees totaling no more than 4 billion RMB for subsidiaries with an asset-liability ratio below 70%, and up to 1.2 billion RMB for those above 70% [6] - The authorization for the chairman to sign relevant legal documents for credit financing is valid until the next annual shareholders' meeting [6] Subsidiary Information - HT International (Asia Pacific) Ltd. is a wholly-owned subsidiary of the company, established in June 2014, with a registered capital of $30 million [9] - As of December 31, 2024, HT International reported total assets of approximately 857.996 million RMB and a net asset of approximately 360.656 million RMB, with a debt ratio of 57.97% [9] Guarantee Contracts - The company has signed a guarantee agreement with Shenzhen Leasing Hong Kong Company for HT International, ensuring the latter's obligations under the lease agreement [10][8] - The guarantee is irrevocable and unconditional, covering all obligations of HT International, with a guarantee period from August 13, 2025, to August 12, 2031 [12][15] Board Opinion - The board believes that the guarantees provided to the subsidiary are necessary for the company's daily operations and align with the overall interests and development strategy of the company [17]

河北华通线缆集团股份有限公司 关于子公司申请授信并接受公司及实际控制人 担保的进展公告 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。 证券代码：605196 证券简称：华通线缆 公告编号：2025-072 重要内容提示： 一、担保情况概述 公司于 2025 年 4 月 17 日、2025 年 5 月 22 日分别召开了第四届董事会第五 次会议、2024 年年度股东会，审议通过了《关于 2025 年度向银行等机构申请综 合授信额度暨担保事项的议案》，同意公司及其子公司在 2025 年度向银行、其他 非银行类金融机构以及非金融机构申请不超过 70 亿元或等值外币的敞口授信额 度（包括公司借入项目贷款、流动资金贷款、开具银行承兑汇票、商业承兑汇票、 银行保函、保理、开立信用证、押汇、融资租赁、票据贴现等综合授信业务）， 上述借款利率由本公司与金融机构协商确定，并授权董事长在公司及子公司申请 上述授信时具有审批权限。 公司及所属子公司对上述综合授信事项提供总额度不超过人民币 52 亿元或 等值外币的对外担保，包括本公司对子公司、子公 ...

Group 1 - Huatong Cable's stock closed at 21.15 yuan on August 11, down 0.79 yuan, a decrease of 3.6% from the previous trading day [1] - The company operates in the power equipment industry, focusing on the research, production, and sales of wires and cables [1] - Huatong Cable's Korean factory has completed the third phase of capital increase construction, enhancing its production capacity [1] Group 2 - The company plans to establish a new factory in Angola to further improve its overseas layout [1] - Huatong Cable reported that the operational status of its Korean factory is good, with increased supply capacity [1] - The company is optimistic about the market prospects in Angola and aims to promote the production capacity of products such as continuous oil pipes [1] Group 3 - On August 11, there was a net outflow of 35.92 million yuan in main funds, with a cumulative net outflow of 13.04 million yuan over the past five days [2]

证券之星消息，8月6日电网设备板块较上一交易日上涨0.75%，华通线缆领涨。当日上证指数报收于 3633.99，上涨0.45%。深证成指报收于11177.78，上涨0.64%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 605196 | 不通线微 | 20.31 | 10.02% | 23.51万 | | 4.66亿 | | 002346 | 柘中股份 | 16.37 | 10.01% | 10.85万 | | + 1.71亿 | | 920682 | 球冠电缆 | 11.11 | 7.97% | 21.44万 | | 2.32亿 | | 300069 | 金利华电 | 27.59 | 7.61% | 33.93万 1 | | 260.6 | | 301120 | 新特电气 | 13.86 | 6.70% | 35.25万 | | 4.69亿 | | 300222 | 科大智能 | 11.49 | 6.09% | 72.93万 | | 8.22亿 ...

Investment Rating - The investment rating for the company is "Buy" [4] Core Views - The completion of the stock incentive plan aligns the interests of middle management and major shareholders with the capital market [1] - The company's overseas business revenue accounts for 67% of total revenue, with a gross profit margin of 73%, making it the highest among domestic cable manufacturers [1] - The first phase of the Angola aluminum project is expected to commence production in October 2025, with significant contracts already signed with commodity traders [2][15] - Angola's hydroelectric power provides a cost advantage for aluminum production, with estimated profits per ton of aluminum significantly higher than domestic levels [3][24] - The company is projected to achieve a compound annual growth rate (CAGR) of 53% in net profit from 2025 to 2027, with net profits expected to reach 3.3 billion, 8.6 billion, and 11.5 billion yuan respectively [3][9] Summary by Sections Company Overview - The company has been exporting cables since 2005 and has established production facilities in Africa, Asia, and the Americas [1] - It has maintained stable partnerships with major oil service companies like Halliburton and Schlumberger [1] Financial Projections - Revenue is expected to grow from 6.35 billion yuan in 2024 to 11.62 billion yuan in 2027, with a year-on-year growth rate of 18.32%, 16.24%, 36.67%, and 15.23% respectively [9] - The projected net profit for 2025 is 330 million yuan, with significant growth anticipated in subsequent years [9] Market Position - The company is positioned as a leader in the "cable + oil service materials" sector, with a strong international presence [1] - The aluminum project in Angola is expected to significantly enhance the company's profitability and market position [3][24]