| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-031 | | --- | --- | --- | | 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"起帆转债"预计触发转股价格向下修正条件的提示性 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： "起帆转债"本次触发转股价格向下修正条件的期间从 2025 年 5 月 8 日起算，截至 2025 年 5 月 21 日，上海起帆电缆股份有限公司（以下 简称"公司"）股价已出现有十个交易日的收盘价低于转股价的 85%。 若公司股价在任意连续三十个交易日中至少有十五个交易日的收盘价 低于转股价的 85%，预计将触发"起帆转债"转股价格向下修正条款， 公司将于触发转股价格向下修正条款当日召开董事会决定是否行使 "起帆转债"的转股价格向下修正权利。 一、可转债发行上市概况 （一）可转债发行情况 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[20 ...

证券代码：605222 证券简称：起帆电缆 公告编号：2025-030 上海起帆电缆股份有限公司 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 19 日 (二)股东大会召开的地点：上海市金山区张堰镇振康路 238 号上海起帆电缆股份 有限公司 6 号楼二楼会议室 (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 | 111 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 326,047,519 | | 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（%） | 78.9650 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由董事会召集，现场会议由董事长周桂华先生主持，采用现场 2024年年度股东大会决议公告 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 投票与网络投票相结合的方式召开。本次 ...

V&T LAW FIR 万商天勤律师事务所 万商天勤(上海)律师事务所 关于 上海起帆电缆股份有限公司 2024 年年度股东大会的法律意见书 上海市浦东新区世纪大道 88 号金茂大厦 32 层 200120 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 2024 年年度股东大会的法律意见书 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《上市公司股东大会规则》（以下称"《股东大会规则》"）以及公司《公司 章程》《股东大会议事规则》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 2024年年度股东大会,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大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《股东大会规则》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大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大会。现就公司本次股东大会的召开 ...

Core Viewpoint - Shanghai Qifan Cable Co., Ltd. announces the interest payment details for its convertible bonds, indicating a structured approach to bond management and investor communication [1][2]. Group 1: Bond Details - The convertible bonds, named "Qifan Convertible Bonds," were issued on May 24, 2021, with a total issuance size of RMB 1 billion (100,000 million) [2]. - The bonds have a maturity period from May 24, 2021, to May 23, 2027, with an annual interest payment structure [2][3]. - The interest rates for the bonds are set to increase annually, starting from 0.40% in the first year to 3.00% in the sixth year [2][4]. Group 2: Interest Payment Information - The interest payment for the fourth year will be made on May 26, 2025, with a record date of May 23, 2025 [5]. - The interest amount for each bond with a face value of RMB 100 is RMB 1.50 (including tax) for the fourth year [4][6]. - The actual amount received by individual investors after tax will be RMB 1.20 per bond [6]. Group 3: Taxation and Compliance - Individual investors are subject to a 20% tax on interest income, which will be withheld by the payment institutions [6][7]. - Non-resident enterprises holding the bonds are exempt from corporate income tax and value-added tax on the interest income [7]. Group 4: Contact Information - The company provides contact details for inquiries, including the address and phone numbers for the issuer and the underwriting institution [8].

| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-029 | | --- | --- | --- | | 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 关于可转换公司债券付息的公告 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： 上海起帆电缆股份有限公司（以下简称"公司"）于 2021 年 5 月 24 日公开 发行的可转换公司债券（以下简称"起帆转债"）将于 2025 年 5 月 26 日支付自 2024 年 5 月 24 日至 2025 年 5 月 23 日期间的利息。根据《上海起帆电缆股份有 限公司公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 有关条款的规定，现将有关事项公告如下： 一、起帆转债的基本情况 （一）债券名称：上海起帆电缆股份有限公司可转换公司债券 （二）债券简称：起帆转债 （三）债券代码：111000 （四）债券类型：可转换为公司 A 股股票的可转换公司债券。该可转换公司 债券及未来转换的 A 股股票将在上海证 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected relative performance increase of over 15% in the next 6 to 12 months compared to the benchmark index [4][25]. Core Views - The company's traditional land cable business is expected to show stable growth, while the submarine cable segment is anticipated to contribute to new growth due to technological breakthroughs and production capacity enhancements [5][20]. - The company has a comprehensive product range in land cables, with over 50,000 specifications, and is the largest cable manufacturer in the Shanghai area, which positions it well for market expansion [5][10]. - The submarine cable business is rapidly developing, with the company having completed the R&D of a full series of submarine cables and established production capabilities at its bases in Yichang and Pingtan [11][12]. Summary by Sections Financial Performance - In 2024, the company reported revenue of 22.764 billion, a year-on-year decrease of 2.5%, and a net profit of 136 million, down 68% year-on-year [5][18]. - For Q1 2025, revenue was 4.124 billion, a decline of 14.1% year-on-year, while net profit was 70 million, a decrease of 17.72% year-on-year [5][18]. - The company expects to achieve net profits of 385 million, 450 million, and 521 million for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 184%, 17%, and 16% [5][20]. Business Segments - The land cable segment, which includes power cables and electrical installation cables, accounted for over 97% of total revenue in 2024, with respective revenue contributions of 66.3% and 31.6% [8][10]. - The submarine cable segment is projected to grow significantly, with expected revenues of 1 billion in 2025, 1.3 billion in 2026, and 1.565 billion in 2027, reflecting a strong growth trajectory [18][20]. Market Position and Strategy - The company has established strong partnerships with major state-owned enterprises, securing significant contracts in various sectors, including power grids and renewable energy [10][12]. - The strategic focus on high-end products and expanding into overseas markets is expected to enhance the company's competitive edge and revenue growth [5][10]. Future Outlook - The company anticipates a recovery in profitability due to improved gross margins and a strategic shift in operations, with a focus on higher-margin products [10][20]. - The completion of production facilities in Yichang and Pingtan is expected to enhance the company's capacity to meet growing demand in the offshore wind market, particularly in key regions like Fujian, Guangdong, and Zhejiang [12][15].

Group 1 - The article provides a comprehensive overview of the wire and cable industry, highlighting key listed companies and their business layouts [1][2][3] - Major listed companies in the wire and cable sector include Baosheng Co., Far East Co., Qifan Cable, and others, with a focus on their business operations and financial performance [2][3][6] - The industry is characterized by a significant presence in Jiangsu and Zhejiang provinces, with Baosheng Co. being a representative enterprise [3] Group 2 - Baosheng Co. leads the industry with a revenue of 354.44 billion yuan in the first three quarters of 2024, reflecting a year-on-year growth of 5.36% [6][9] - Other companies like Far East Co. and Qifan Cable reported revenues ranging from 106 billion to 185 billion yuan, with Jingda Co. showing a notable growth rate of 22.38% [6][9] - The profitability of these companies varies, with Baosheng Co. having a relatively low net profit of 0.25 billion yuan despite its large revenue [6][9] Group 3 - The article discusses the business performance of various companies, indicating that Baosheng Co. has a dominant market position with 96.22% of its revenue coming from wire and cable operations [9][10] - Companies like Jingda Co. and Dongfang Cable have shown strong revenue growth rates of 27.35% and 24.27%, respectively, indicating robust development [9][10] - The article also notes that some companies, such as Qifan Cable and Sun Cable, experienced revenue declines of -3.55% and -14.38%, respectively, suggesting operational challenges [10] Group 4 - The article outlines the business plans of major companies in the wire and cable industry for 2024, emphasizing innovation and market expansion [14][16] - Baosheng Co. focuses on technological and business model innovation to enhance competitiveness, while Far East Co. is investing in smart manufacturing and digital production systems [14][16] - Other companies like Qifan Cable and Jingda Co. are also adapting their strategies to address market changes and explore new opportunities in clean energy and other sectors [14][16]

| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-028 | | --- | --- | --- | | 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 关于不向下修正"起帆转债"转股价格的公告 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： 根据有关规定和公司《可转换公司债券募集说明书》（以下简称"《募集说明 书》"）的约定，公司该次发行的"起帆转债"自 2021 年 11 月 29 日起可转换为 本公司股份，初始转股价格为 20.53 元/股，最新转股价格为 19.59 元/股，具体 情况如下： 由于公司实施了 2021 年限制性股票激励计划事项，导致总股本发生变化， 公司可转债的转股价格由 20.53 元/股调整为 20.10 元/股，调整后的转股价格于 2021 年 10 月 29 日开始生效。具体内容详见公司于 2021 年 10 月 28 日披露的《关 于可转换公司债券转股价格调整的公告》（公告编号：2021-094）。 由于公司实施了 2 ...

| 证券代码：605222 | 证券简称：起帆电缆 | 公告编号：2025-027 | | --- | --- | --- | | 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 第三届董事会第三十五次会议决议公告 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。 一、董事会会议召开情况 2025 年 5 月 8 日 二、董事会会议审议情况 公司董事就提交董事会审议的事项进行了充分审议，并通过如下议案： 1、审议通过《关于不向下修正"起帆转债"转股价格的议案》 截至 2025 年 5 月 7 日，公司股票已出现任意连续三十个交易日中至少有十 五个交易日的收盘价格低于当期转股价格的 85%的情形，触发"起帆转债"转股 价格向下修正条件。经综合考虑公司的基本情况、市场环境、股价走势等诸多因 素，以及对公司长期稳健发展与内在价值的信心，公司董事会决定本次不向下修 正"起帆转债"转股价格，下一次触发转股价格修正条件的期间从 2025 年 5 月 8 日起重新计算，若再次触发"起帆转债"转股价格向下修正条 ...

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