Core Viewpoint - The company announced a downward adjustment of the conversion price for its convertible bonds, which reflects changes in its stock performance and corporate actions [1] Group 1 - The conversion price of "Qifan Convertible Bonds" will be adjusted from 19.55 CNY per share to 17.35 CNY per share, effective from September 11, 2025 [1] - The bonds were initially issued in 2021 with a conversion price of 20.53 CNY per share, which has been adjusted multiple times due to incentive plans and profit distribution [1] - The adjustment was triggered by the company's stock hitting the threshold for downward price correction between August 1 and August 21, 2025, and was approved by the board and shareholders [1]

V&T LAW FIRM 万商天勤律师事务所 万商天勤(上海)律师事务所 上海起帆电缆股份有限公司 2025 年第二次临时股东会的法律意见书 关于 万商天勤(上海)律师事务所 关于上海起帆申缆股份有限公司 2025年第二次临时股东会的法律意见书 致:上海起帆电缆股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》及中国证券监督管理 委员会《上市公司股东会规则》（以下称"《股东会规则》"）以及公司《公司章程》 《股东会议事规则》等法律、法规和规范性文件的规定,万商天勤(上海)律师事务 所(以下称"本所")接受上海起帆电缆股份有限公司(以下称"公司")的委托, 指派律师现场参加公司 2025年第二次临时股东会,并出具法律意见。 本所律师同意将本法律意见书随公司本次股东会决议一并予以公告,并依法对本 法律意见书承担相应的责任。 本所律师根据《股东会规则》第五条的要求,按照律师行业公认的业务标准、道 德规范和勤勉尽责精神,对公司提供的有关文件和本次股东会的有关事项进行了核查 和验证,并现场参加了公司本次股东会。现就公司本次股东会的召开及表决等情况出 具法律意见如下: 一、本次股东会的召集、召开程序 (一 ...

| | | 上海起帆电缆股份有限公司 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 (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 | 153 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 325,349,974 | | 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（%） | 78.7961 | (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。 本次股东会由董事会召集，现场会议由董事长周桂华先生主持，采用现场投 票与网络投票相结合的方式召开。本次股东会的召集、召开以及表决方式和程序 符合《中华人民共和国公司法》《上海证券交易所上市公司股东会网络投票实施 细则》等法律、法规和《公司章程》的有关规定。 (五)公司董事和董事会秘书的出席情况 1、公司在任董事9人，出席9人 ...

Company Overview - Shanghai Qifan Cable Co., Ltd. was established on July 11, 1994, and listed on July 31, 2020. The company is located at No. 238, Zhenkang Road, Zhangyan Town, Jinshan District, Shanghai [1] - The main business involves the production, research and development, and sales of electric wires and cables. The revenue composition is as follows: power cables 65.62%, electrical equipment wires and cables 32.83%, and others 1.55% [1] Financial Performance - As of June 30, the number of shareholders increased by 5.23% to 17,500, with an average of 23,553 circulating shares per person, a decrease of 4.97% [2] - For the first half of 2025, the company achieved operating revenue of 10.166 billion yuan, a year-on-year decrease of 1.19%. The net profit attributable to shareholders was 164 million yuan, down 12.56% year-on-year [2] - Since its A-share listing, the company has distributed a total of 280 million yuan in dividends, with 128 million yuan distributed over the past three years [2] Stock Performance - On September 1, the stock price increased by 2.06%, reaching 17.32 yuan per share, with a trading volume of 47.9167 million yuan and a turnover rate of 0.69%. The total market capitalization is 7.151 billion yuan [1] - Year-to-date, the stock price has risen by 12.76%, with a 6.52% increase over the last five trading days, 9.55% over the last 20 days, and 15.31% over the last 60 days [1] Capital Flow - In terms of capital flow, there was a net outflow of 208,800 yuan from main funds, with large orders buying 7.4471 million yuan (15.54%) and selling 6.3416 million yuan (13.23%). Special large orders bought 1.2505 million yuan (2.61%) and sold 2.5649 million yuan (5.35%) [1] Industry Context - Qifan Cable is categorized under the electrical equipment industry, specifically in the cable components and other sectors. The company is associated with concepts such as photovoltaic glass, charging piles, solar energy, Tesla, and wind energy [1]

Core Viewpoint - The company has released its 2025 semi-annual report, ensuring that the content is true, accurate, and complete, reflecting its actual situation without any false records or significant omissions [1][5][27]. Group 1: Company Overview - The company is Shanghai Qifan Cable Co., Ltd., with stock code 605222 and bond code 111000 [1][3]. - The board of directors and senior management guarantee the authenticity and completeness of the semi-annual report [1][3]. Group 2: Financial Data - The company raised a total of RMB 1 billion through the issuance of convertible bonds, with a net amount of RMB 989.05 million after deducting issuance costs [13]. - As of June 30, 2025, the company has RMB 45.26 million of unutilized raised funds, including bank interest [14]. Group 3: Fund Management - The company has established a management system for raised funds to ensure effective supervision and management [15]. - The company has signed tripartite and quadripartite agreements for the storage of raised funds, ensuring compliance with regulations [15]. Group 4: Asset Impairment - The company has proposed to recognize credit and asset impairment losses totaling RMB 21.04 million, which accounts for 15.53% of the most recent audited net profit [22][27]. - The credit impairment loss recognized for accounts receivable and other receivables amounts to RMB 17.99 million [24]. Group 5: Investor Communication - The company will hold a semi-annual performance briefing on September 2, 2025, to enhance communication with investors [32][35]. - Investors can submit questions via email before the briefing, and the company will address common concerns during the session [33][36].

Group 1 - The company reported a revenue of 10,165,506,820.03 yuan for the first half of 2025, representing a year-on-year decrease of 1.19% [1] - The net profit attributable to shareholders of the listed company was 163,596,672.91 yuan, showing a year-on-year decline of 12.56% [1]

Group 1 - The company, Qifan Cable, announced the approval of several proposals during the third meeting of its fourth board of directors, including the proposal for the 2025 semi-annual report and its summary [2]

Group 1 - The company reported a revenue of 10.166 billion yuan for the first half of 2025, representing a year-on-year decrease of 1.19% [1] - The net profit attributable to the parent company was 164 million yuan, down 12.56% year-on-year [1] - The net profit excluding non-recurring items was 148 million yuan, reflecting a year-on-year decline of 16.64% [1] - The basic earnings per share stood at 0.39 yuan [1]

Core Viewpoint - Shanghai Qifan Cable Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, primarily due to a slight decrease in sales orders and increased financial costs from bank loans [2][12]. Company Overview and Financial Indicators - The company achieved operating revenue of approximately 10.17 billion yuan, a decrease of 1.19% compared to the same period last year [2][16]. - Total profit was approximately 222.45 million yuan, down 10.41% year-on-year, while net profit attributable to shareholders was about 163.60 million yuan, a decline of 12.56% [2][12]. - The company's net assets increased by 3.17% to approximately 4.79 billion yuan, and total assets rose by 4.79% to about 14.58 billion yuan [2][12]. Business Operations - The company specializes in the research, production, and sales of electrical wires and cables, becoming one of the largest manufacturers in Shanghai and a leading producer of cloth wires in China [3][12]. - The product range includes power cables and electrical installation wires, which are widely used in various sectors such as power, construction, and renewable energy [3][12]. Market and Industry Analysis - The global wire and cable market is expected to grow at a compound annual growth rate (CAGR) of over 7.3% in the next five years, with China contributing more than 40% of the market [8][10]. - The industry is experiencing a shift towards green and digital transformation, with increasing demand for high-performance materials and smart manufacturing technologies [9][10]. - The competitive landscape is characterized by a large number of small-scale enterprises, leading to intense competition in product quality, pricing, and technological innovation [10][11]. Key Developments - The company successfully secured multiple contracts in the electric grid market and made significant inroads into offshore wind power projects, enhancing its competitive position in high-value markets [12][13]. - Ongoing investments in research and development have led to advancements in high-voltage and ultra-high-voltage cable technologies, with several key testing projects underway [13][14]. - The construction of the Pingtan submarine cable factory is progressing well, aimed at boosting the company's capacity in high-end manufacturing [13][14]. Competitive Advantages - The company benefits from scale advantages, technological innovation, and a robust marketing network, which includes over 300 direct distributors and extensive online sales channels [14][15]. - The brand has gained recognition in the industry, receiving multiple awards for quality and service, which enhances its market reputation [13][15].

Core Viewpoint - Shanghai Qifan Cable Co., Ltd. reported a slight decline in revenue and net profit for the first half of 2025, indicating challenges in maintaining growth amidst market conditions [1]. Group 1: Financial Performance - Total assets increased by 4.79% to approximately 14.58 billion yuan compared to the end of the previous year [1]. - Operating revenue decreased by 1.19% to approximately 10.17 billion yuan compared to the same period last year [1]. - Total profit fell by 10.41% to approximately 222.45 million yuan compared to the previous year [1]. - Net profit attributable to shareholders decreased by 16.64% to approximately 147.96 million yuan compared to the same period last year [1]. - The net cash flow from operating activities was negative at approximately -947.81 million yuan, compared to -380.69 million yuan in the previous year [1]. Group 2: Shareholder Information - The top three shareholders are Zhou Gonghua (22.04%), Zhou Guihua (20.59%), and Zhou Guixing (15.50%) [2]. - Zhou Gonghua, Zhou Guihua, and Zhou Guixing are identified as acting in concert [2]. - The total number of shareholders as of the report date is 17,530 [1].