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].

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]

证券代码：605222 证券简称：起帆电缆 公告编号：2025-065 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 2025 年半年度募集资金存放与使用情况的专项报告 本公司董事会、全体董事及相关股东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。 根据中国证券监督管理委员会《上市公司募集资金监管规则》（证监会公告 〔2025〕10 号）和上海证券交易所《上海证券交易所上市公司自律监管指引第 1 号——规范运作（2025 年 5 月修订）》（上证发〔2025〕68 号）的相关规定， 现将上海起帆电缆股份有限公司（以下简称"起帆电缆"或"公司"）2025 年 半年度募集资金存放与实际使用情况说明如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准上海起帆电缆股份有限公司公开发行 可转换公司债券的批复》（证监许可[2021]667 号）核准，公司向社会公开发行 可转换公司债券 1,000 万张，每张面值为人民币 100 元，募集资金总额为人民币 合伙）进行了审验，并于 20 ...

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、 ...