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].

Core Viewpoint - The board of directors of Shanghai Qifan Cable Co., Ltd. has approved the 2025 semi-annual report and related proposals, confirming the accuracy and completeness of the financial disclosures [1][2][3] Group 1: Board Meeting Details - The fourth board meeting was held on August 27, 2025, with all 9 directors present, and the meeting complied with the Company Law and Articles of Association [1] - The meeting was chaired by Chairman Zhou Guihua, ensuring proper governance and procedural adherence [1] Group 2: Approval of Semi-Annual Report - The board approved the 2025 semi-annual report, affirming that it reflects the company's actual situation without any false records or misleading statements [1][2] - The report's preparation process and content were deemed compliant with relevant regulations [1] Group 3: Fund Utilization Report - The board also approved the special report on the storage and use of raised funds for the first half of 2025, confirming that the report accurately reflects the actual use of funds without any violations [2] - The report was reviewed and approved by the board's audit committee before being submitted for board approval [2] Group 4: Credit and Asset Impairment Losses - The board approved the proposal for the provision of credit and asset impairment losses, stating that it complies with accounting standards and reflects financial information accurately [3] - This proposal was also reviewed by the audit committee prior to board approval [3]

Summary of Key Points Core Viewpoint - The company announced the provision for credit and asset impairment losses for the first half of 2025, amounting to a total of 21,039,532.47 yuan, which represents 15.53% of the most recent audited net profit [1][3]. Group 1: Impairment Loss Provision Overview - The provision for impairment losses was made to accurately reflect the company's financial performance and condition, following relevant accounting standards and internal policies [1][3]. - The total impairment losses include 17,996,517.65 yuan for credit impairment losses and 3,043,014.82 yuan for asset impairment losses [2][3]. Group 2: Details of Credit Impairment Losses - The company calculated expected credit losses based on historical data, current conditions, and future economic forecasts, considering the credit risk characteristics of different customers [2]. - The breakdown of credit impairment losses includes 21,097,576.28 yuan for accounts receivable and negative amounts for other receivables [3]. Group 3: Impact of Impairment Losses - The provision for credit and asset impairment losses is intended to provide a more accurate representation of the company's asset status and operational results, adhering to the principle of prudence [3][4]. - The board of directors confirmed that the provision aligns with accounting standards and reflects the company's asset situation accurately [4].

Group 1 - The company, Shanghai Qifan Cable Co., Ltd., will hold a half-year performance briefing on September 2, 2025, from 10:00 to 11:00 AM, to enhance communication with investors and provide a comprehensive understanding of the company's situation [1][2] - Investors are encouraged to submit questions via email to the company's board secretary office by September 1, 2025, at 3:00 PM, which will be addressed during the performance briefing [2] - The meeting will be conducted online through the China Securities Network, allowing direct participation from investors [2] Group 2 - Key personnel attending the meeting include Chairman Zhou Guihua, Vice Chairman and General Manager Zhou Gonghua, Board Secretary Chen Yongda, Chief Financial Officer Zong Zhi Fang, and Independent Director Hong Bin [1] - The company emphasizes the importance of investor feedback and aims to address commonly raised concerns during the briefing [1][2] - After the meeting, investors can view the proceedings and interactive content on the China Securities Network [2]

Core Points - The report details the fundraising and usage status of Shanghai Qifan Cable Co., Ltd. for the first half of 2025, ensuring compliance with regulatory requirements [1][2] - The total amount raised through the issuance of convertible bonds was RMB 100 million, with a net amount of RMB 98.9 million after deducting issuance costs [1] - As of June 30, 2025, the company had invested RMB 94.69 million in projects and temporarily supplemented working capital with RMB 40 million [1][2] Fundraising Overview - The company issued 10 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 100 million [1] - After deducting issuance fees of RMB 1.095 million, the net proceeds amounted to RMB 98.9 million [1] - The remaining balance of unutilized funds as of June 30, 2025, was RMB 4.53 million, including interest income [1] Fund Management - The company has established a management system for fundraising in accordance with relevant laws and regulations to enhance fund usage efficiency and protect investor rights [1] - A tripartite supervision agreement was signed with banks to ensure proper management of the funds [1] Fund Usage - The company has not replaced any prior investments with raised funds during the reporting period [2] - The board approved the temporary use of idle funds, not exceeding RMB 40 million, to supplement working capital for a period not exceeding 12 months [1][2] - There were no significant issues in the usage and disclosure of the raised funds during the reporting period [2]

上海起帆电缆股份有限公司2025 年半年度报告 公司代码：605222 公司简称：起帆电缆 上海起帆电缆股份有限公司 2025 年半年度报告 1 / 191 上海起帆电缆股份有限公司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 周桂华 、主管会计工作负责人 管子房 及会计机构负责人（会计主管 人员） 管子房 声明：保证半年度报告中财务报告的真实、准确、完整。 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 无 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、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投资 者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 ...

人民财讯8月27日电，起帆电缆(605222)8月27日晚间披露半年报，2025年上半年，公司实现营业收入为 101.66亿元，同比下降1.19%；归母净利润1.64亿元，同比下降12.56%；基本每股收益0.39元。报告期内 营业收入同比下降，主要系销售订单同比略有减少所致。 转自：证券时报 ...

| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-067 | | --- | --- | --- | | 债券代码：111000 债券简称：起帆转债 | | | 上海起帆电缆股份有限公司 关于召开 2025 年半年度网上业绩说明会的公告 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： 一、说明会类型 上海起帆电缆股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日在 上海证券交易所网站（www.sse.com.cn）披露了《2025 年半年度报告》。为加 强与投资者的深入交流，使投资者更加全面、深入地了解公司情况，公司拟以网 络互动的方式召开 2025 年半年度业绩说明会，欢迎广大投资者积极参与。公司 现就 2025 年半年度业绩说明会提前向广大投资者征集相关问题，广泛听取投资 者的意见和建议。 二、说明会召开的时间、地点 1 会议召开时间：2025 年 9 月 2 日（星期二）10:00-11:00 会议召开地点：中国证券网（http://roadshow.cnsto ...

起帆电缆公告，2025年上半年营业收入101.66亿元，同比下降1.19%。净利润1.64亿元，同比下降 12.56%。 ...