中国北京市朝阳区建国路77号华贸中心3号写字楼34层邮政编码100025 电话: (86-10) 5809-1000 传真: (86-10) 5809-1100 北京市竞天公诚律师事务所 关于 河北华通线缆集团股份有限公司 北京市竞天公诚律师事务所（以下简称"本所"）受河北华通线缆集团股份 有限公司（以下简称"公司"）委托，担任公司2022年限制性股票激励计划（以 下简称"本激励计划"）的专项法律顾问，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司股权激励管理办法》（以下简称"《管理办法》"）等有关法律法规 的规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精神，为公司本激 励计划第三个解除限售期解除限售条件成就相关事宜（以下简称"本次解除限 售"）出具本法律意见书。 为出具本法律意见书，本所律师审阅了《河北华通线缆集团股份有限公司 2022年限制性股票激励计划》及其摘要、《河北华通线缆集团股份有限公司2022 年限制性股票激励计划实施考核管理办法》、公司限制性股票激励计划激励对象 名单、公司相关董事会会议文件、独立董事委员会意见 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [7] Core Views - The overall industrial metal prices have experienced a decline, particularly in the overseas market, primarily due to liquidity issues in the US banking system. The government shutdown has led to a tightening of cash balances, impacting global risk assets. Concerns over power shortages in North America due to data center developments have raised fears of production halts in high-energy-consuming sectors like aluminum and zinc, resulting in relatively strong prices for these commodities. The lithium industry has seen a turnaround, with improving supply-demand fundamentals. The uncertainty in overseas resource development and weak profitability due to low lithium prices have peaked capital expenditures in the industry by 2024-2025, with a confirmed trend of declining supply growth from 2026 to 2028. By 2026, equity values are expected to outperform commodity prices, potentially leading the market out of a downturn [2][4][5]. Summary by Sections Precious Metals - The ongoing US government shutdown has heightened risk aversion, which is expected to drive gold prices higher in the short term. The report emphasizes that gold prices are currently stabilizing rather than indicating a trend reversal. Historically, gold prices tend to peak early in a rate-cutting cycle, and the current macroeconomic environment suggests that gold may not have reached its peak yet. The report maintains a positive outlook for gold, suggesting that the market is entering a phase of systematic re-evaluation [4]. Industrial Metals - The report highlights a long-term positive outlook for copper and aluminum. Recent price adjustments in these metals are attributed to liquidity issues in the US. The report notes that copper inventories have increased by 4.68% week-on-week and 25.01% year-on-year, while aluminum inventories have decreased by 0.49% week-on-week and 13.31% year-on-year. The report suggests that despite short-term fluctuations, the long-term economic outlook and supply-demand structure will favor a strong cycle for copper and aluminum [4][5]. Energy and Minor Metals - The lithium sector is expected to see a supply inflection point and a new demand cycle. The report indicates that the darkest period for the lithium industry has passed, with a clear trend of improving supply-demand fundamentals. The demand for lithium is projected to grow significantly due to stable domestic power needs and the acceleration of solid-state battery industrialization. The report also highlights the strategic importance of rare earths and tungsten, with expectations of a new upward trend in prices due to supply constraints and increased demand [5][24]. Supply Dynamics - The report discusses the high concentration of supply in cobalt and nickel, with specific attention to the Democratic Republic of Congo's cobalt quotas and Indonesia's tightening supply policies for nickel. These factors are expected to support long-term price increases for both cobalt and nickel, benefiting resource-oriented companies [5][24].

Core Viewpoint - Huadong Cable announced the resignation of non-independent director Ma Hongrui due to adjustments in the company's governance structure, while other positions held by him remain unchanged [1] Company Updates - The board of directors received a written resignation report from Ma Hongrui, who resigned from his position as a non-independent director of the fourth board of directors [1] - The company held a staff representative meeting on November 7, 2025, where Sun Qifa was elected as the staff representative director for the fourth board of directors, with a term consistent with that of the board [1]

一、 董事离任情况 证券代码：605196 证券简称：华通线缆 公告编号：2025-095 河北华通线缆集团股份有限公司 关于公司非独立董事辞职暨选举职工代表董事 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。 重要内容提示： 河北华通线缆集团股份有限公司（以下简称"公司"）董事会于近日收到公 司董事马洪锐先生提交的书面辞职报告，因公司治理结构调整，马洪锐先生辞去 公司第四届董事会非独立董事职务，除辞任非独立董事职务外，马洪锐先生在公 司担任的其他职务不变。 公司于 2025 年 11 月 7 日召开职工代表大会，经全体与会职工代表表决， 选举孙启发先生为公司第四届董事会职工代表董事，任期与公司第四届董事会任 期一致。 特此公告。 （一）提前离任的基本情况 | 姓名 | 离任职 | 离任时间 | | 原定任 期到期 | 离任原因 | 是否继续在 上市公司及 | 具体职 | | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Core Points - Huatong Cable (605196) closed at 32.78 yuan on November 6, 2025, with a 10.0% increase, reaching the daily limit [1] - The stock experienced a trading volume of 162,800 hands and a transaction value of 519 million yuan [1] Trading Information Summary - On November 6, Huatong Cable hit the daily limit at 13:59, with a closing price of 32.78 yuan [2] - The closing order funds amounted to 35.7859 million yuan, representing 0.22% of its circulating market value [2] - Main funds saw a net inflow of 24.0034 million yuan, accounting for 4.62% of the total transaction value [2] - Retail investors had a net inflow of 12.3336 million yuan, making up 2.38% of the total transaction value, while speculative funds experienced a net outflow of 36.337 million yuan, which is 7.0% of the total transaction value [2] Company Announcement Summary - Huatong Cable provided a guarantee of 60 million yuan to Fubon Bank Tianjin Branch for its wholly-owned subsidiary, Huatong International (Asia Pacific), with no counter-guarantee [3] - The total guarantee amount for the subsidiary reached 288.96321 million yuan, which is 91.77% of the company's latest audited net assets [3] - The subsidiary's asset-liability ratio stands at 63.28%, and it is not a dishonest executor [3] - The company held its second extraordinary general meeting on November 6, 2025, where several key resolutions were passed, including issuing convertible bonds to unspecified objects and providing guarantees for foreign exchange hedging for subsidiaries [4] - The meeting's voting results were valid, with shareholders representing 39.7897% of the total share capital present [4]

证券代码：605196 证券简称：华通线缆 公告编号：2025-094 河北华通线缆集团股份有限公司 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： 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 11 月 6 日 (二)股东会召开的地点：河北省唐山市丰南区华通街 111 号公司四层会议室 (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 | 172 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 203,326,893 | | 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（%） | 39.7897 | (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。 本次股东会由公司董事会召集,公司董事长张文东先生担任会议主持人主持 会议。本次股东会采用现场投票和网络投票相结合的方式表决，会议的 ...

中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话: （8610）58091000 传真: （8610）58091100 北京市竞天公诚律师事务所 关于河北华通线缆集团股份有限公司 2025 年第二次临时股东会的 法律意见书 致：河北华通线缆集团股份有限公司 根据《中华人民共和国证券法》、《中华人民共和国公司法》（以下简称"《公 司法》"）以及中国证券监督管理委员会颁布的《上市公司股东会规则》（以下 简称"《股东会规则》"）的规定，北京市竞天公诚律师事务所（以下简称"本 所"）指派律师出席了河北华通线缆集团股份有限公司（以下简称"公司"）2025 年第二次临时股东会（以下简称"本次股东会"），并就本次股东会的相关事宜 出具本法律意见书。 本所同意，公司可以将本法律意见书作为本次股东会公告的法定文件，随其 他公告文件一并提交上海证券交易所予以审核公告。 本所律师根据《股东会规则》第六条的要求，按照律师行业公认的业务标准、 道德规范和勤勉尽责精神，对本次股东会召集和召开的有关事实及公司提供的文 件进行了核查和验证，现出具法律意见如下： 一、 本次股东会的召集、召开程序 ...

证券代码：605196 证券简称：华通线缆 公告编号：2025-093 河北华通线缆集团股份有限公司 关于为控股子公司提供担保的公告 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。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 本次担保金额 | 6,000 | 华通国际（亚太）有限公司 万元 | | | --- | --- | --- | --- | --- | | 担保对象 | 实际为其提供的担保余额 | 48,027.46 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | 否 | □不适用：________ | 累计担保情况 | 对外担保逾期的累计金额（万 | 0 | | --- | --- | | 元） | | | 截至本公告日上市公司及其控 股子公司对外担保总额（万元） | 288,963.21 | | 对外担保总额占上市公司最近 一期经审计净资产的比例（%） | 91.79 | | 特别风险提示 | 对 ...

Core Insights - The net inflow of main funds into the power grid equipment sector reached 5.962 billion yuan, while retail investors experienced a net outflow of 3.272 billion yuan [2][3] - The power grid equipment sector saw a significant increase of 4.92% on the trading day, with major stocks like Caneng Electric leading the gains [1] Group 1: Stock Performance - Caneng Electric (code: 920299) closed at 24.90 yuan, up 29.96% with a trading volume of 181,100 shares and a transaction value of 402 million yuan [1] - Yinen Electric (code: 920046) closed at 17.95 yuan, up 20.79% with a trading volume of 207,600 shares [1] - Shuangjie Electric (code: 300444) closed at 68.60 yuan, up 20.02% with a trading volume of 2,188,800 shares and a transaction value of 2.003 billion yuan [1] Group 2: Market Trends - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] - The overall trading volume in the power grid equipment sector was robust, indicating strong investor interest [2] Group 3: Fund Flow Analysis - Main funds showed a net inflow of 5.962 billion yuan into the power grid equipment sector, while speculative funds had a net outflow of 2.689 billion yuan [2][3] - Retail investors also experienced a net outflow of 3.272 billion yuan, suggesting a shift in investment strategy among different investor types [2][3]

Core Viewpoint - The company has signed a maximum guarantee contract with Fubon Bank Tianjin Branch, providing a joint liability guarantee of 60 million RMB for its wholly-owned subsidiary, Huadong International (Asia Pacific) Co., Ltd. [1] Summary by Relevant Sections - **Guarantee Agreement**: The company has entered into a maximum guarantee contract to support the comprehensive credit limit agreement signed by its subsidiary with Fubon Bank [1] - **Guarantee Amount**: The total guarantee amount provided by the company is 60 million RMB, which falls within the expected guarantee limit for the fiscal year 2025 [1] - **Current Guarantee Status**: As of the announcement date, the total amount of guarantees provided to the controlling subsidiary is 288,963.21 million RMB, representing 91.79% of the company's most recent audited net assets, with no overdue guarantees reported [1]