湖南华菱线缆股份有限公司 独立董事专门会议 2025 年第二次会议决议 2025 年 3 月 29 日 根据《上市公司独立董事管理办法》、《湖南华菱线缆股份有限 公司独立董事专门制度》、《湖南华菱线缆股份有限公司独立董事专 门会议制度》等有关规定，湖南华菱线缆股份有限公司（以下简称"公 司"）于 2025 年 3 月 24 日以现场方式召开第五届董事会独立董事专 门会议 2025 年第二次会议，本次应出席会议的独立董事 3 人，实际 出席会议的独立董事 3 人。全体独立董事共同推举公司独立董事栾大 龙先生担任本次会议的召集人并主持本次会议。本次会议的召集、召 开和表决程序符合《公司法》《上市公司独立董事管理办法》等法律 法规的规定。经审核，全体独立董事一致同意相关议案并形成决议如 下： 一、《关于公司 2025 年度日常关联交易预计的议案》 我们认为：公司 2025 年度日常关联交易预计的议案，是公司日 常生产经营发展所需，有利于提高公司经营业绩。该关联交易的价格 以市场价格为主导，价格公允，不存在损害公司和其他股东合法权益 的情形。我们一致同意上述日常关联交易预计的相关内容，决策程序 上客观、公允、合规，并 ...

证券代码：001208 证券简称：华菱线缆 公告编号：2025-031 湖南华菱线缆股份有限公司 关于开展应收账款保理业务的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 湖南华菱线缆股份有限公司（以下简称"公司"）为优化应收账 款资金占用、加速流动资金周转及满足日常经营资金需求，拟与金融 机构、类金融机构(以下简称"合作机构")开展保理业务，总额度不 超过人民币 15 亿元，该事项已于 2025 年 3 月 27 日召开的第五届董 事会第二十七次会议和第五届监事会第十九次会议审议通过。根据 《深圳证券交易所股票上市规则》及《公司章程》等相关规定，本次 开展应收账款保理业务不构成关联交易，不构成《上市公司重大资产 重组管理办法》规定的重大资产重组。 一、业务概述 （三）保理融资金额：累计不超过人民币 15 亿元，具体每笔保 理业务以单项保理合同约定为准。 （四）业务期限：开展应收账款保理业务的申请期限为自审议本 议案股东大会决议通过之日起十二个月内，具体每笔保理业务期限以 单项保理合同约定期限为准。 （五）融资费率：根据市场费率水平由公司与合作机构协商， ...

证券代码：001208 证券简称：华菱线缆 公告编号：2025-033 湖南华菱线缆股份有限公司 关于召开 2024 年年度股东大会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 湖南华菱线缆股份有限公司（以下简称"公司"）第五届董事会 第二十七次会议决定召开公司 2024 年年度股东大会，详见公司 2025 年 3 月 29 日披露的《董事会决议公告》。现将有关事项公告如下： 一、召开会议基本情况 1、股东大会届次：湖南华菱线缆股份有限公司 2024 年年度股东 大会（以下简称"会议"） 2、会议召集人：会议由公司董事会召集，公司第五届董事会第 二十七次会议审议通过了《关于召开 2024 年年度股东大会的议案》。 3、会议召开的合法、合规性：本次股东大会会议的召开符合有 关法律、行政法规、部门规章、规范性文件和《公司章程》的有关规 定。 4、会议召开时间： （1）现场会议时间：2025 年 4 月 21 日（星期一）下午 14：30 （2）网络投票时间：2025 年 4 月 21 日 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年4 ...

证券代码：001208 证券简称：华菱线缆 公告编号：2025-023 湖南华菱线缆股份有限公司 第五届监事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 湖南华菱线缆股份有限公司（以下简称"公司"）第五届监事会 第十九次会议于 2025 年 3 月 27 日以现场方式在公司技术中心 214 会 议室召开。会议通知已于 2025 年 3 月 17 日以电子邮件的方式送达各 位监事。 会议由公司监事会主席张明先生主持，本次应出席会议的监事 3 人，实到出席监事 3 人。董事会秘书列席了本次会议。会议符合《中 华人民共和国公司法》和《公司章程》的有关规定。 具 体 内 容 详 见 公 司 于 同 日 刊 载 于 巨 潮 资 讯 网（www.cninfo.com.cn）的《湖南华菱线缆股份有限公司 2024 年度 监事会工作报告》。 二、监事会会议审议情况 1、审议通过《公司 2024 年年度报告全文及其摘要》 监事会认为：公司 2024 年年度报告全文及其摘要真实反映了公 司 2024 年度的财务状况和经营成果，不存 ...

证券代码：001208 证券简称：华菱线缆 公告编号：2025-022 湖南华菱线缆股份有限公司 第五届董事会第二十七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 湖南华菱线缆股份有限公司（以下简称"公司"）第五届董事会 第二十七次会议于 2025 年 3 月 27 日以现场方式在公司技术中心 216 会议室召开，会议通知已于 2025 年 3 月 17 日以电子邮件的方式送达 各位董事。 会议由公司董事长张志钢先生主持，本次董事会应出席会议的董 事 9 人，实到出席董事 9 人。董事会秘书、监事和其他高级管理人员 列席了董事会会议。会议符合《中华人民共和国公司法》和《公司章 程》规定。 二、董事会会议审议情况 1、审议通过《公司 2024 年年度报告全文及其摘要》 公司 2024 年年度报告全文及其摘要真实反映了公司 2024 年度 的财务状况和经营成果，不存在虚假记载、误导性陈述或重大遗漏。 同意公司 2024 年年度报告全文及其摘要的相关内容。 具 体 内 容 详 见 公 司 于 同 日 刊 载 于 巨 潮 资 ...

证券代码：001208 证券简称：华菱线缆 公告编号：2025-024 湖南华菱线缆股份有限公司 关于 2024 年度利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、审议程序 1、董事会审议情况： 2025 年 3 月 27 日，湖南华菱线缆股份有限公司（以下简称"公 司"）第五届董事会第二十七次会议审议通过了《公司 2024 年度利 润分配预案》（9 票同意、0 票反对、0 票弃权）。 2、监事会审议情况： 2025 年 3 月 27 日，公司第五届监事会第十九次会议审议通过了 《公司 2024 年度利润分配预案》（3 票同意、0 票反对、0 票弃权）。 监事会认为：公司 2024 年度利润分配预案符合《中华人民共和国公 司法》《关于进一步落实上市公司现金分红有关事项的通知》《上市 公司自律监管指引第 1 号——主板上市公司规范运作》《上市公司监 管指引第 3 号——上市公司现金分红》（2023 年修订）及《公司章 程》等相关规定，符合《公司未来三年股东回报规划（2023 年-2025 年）》，不存在损害公司股东，特别是中小股东利益的 ...

证券代码：001208 证券简称：华菱线缆 公告编号：2025-025 湖南华菱线缆股份有限公司 关于 2025 年融资计划暨申请银行授信额度的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 湖南华菱线缆股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召开了第五届董事会第二十七次会议和第五届监事会第十九次 会议，审议通过了《关于公司 2025 年融资计划的议案》，根据《深 圳证券交易所股票上市规则》及《公司章程》的相关规定，本议案尚 需提交公司 2024 年年度股东大会审议。现将有关情况公告如下： 一、2025 年融资计划 根据公司生产经营扩增所需并综合考虑降低财务费用，公司2025 年度融资总原则为银行+资本市场+银行间融资，公司将根据市场利率 综合成本、资金用途等选择融资方式。 融资计划有效期自公司 2024 年年度股东大会批准之日起至召开 2025 年年度股东大会作出新的决议之日止。 二、申请银行授信额度 为支撑公司稳健发展，公司计划进一步扩增银行授信至 70 亿元 （含银行保理出表），主要包括流动资金贷款、银行承兑汇票、商业 承 ...

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.2000 | 0.1600 | 25 | 0.2100 | | 每股净资产（元） | 3.03 | 2.88 | 5.21 | 2.77 | | 每股公积金(元) | 0.8 | 0.8 | 0 | 0.8 | | 每股未分配利润(元) | 1.05 | 0.92 | 14.13 | 0.82 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 41.58 | 34.7 | 19.83 | 30.15 | | 净利润(亿元) | 1.09 | 0.87 | 25.29 | 1.1 | | 净资产收益率(%) | 6.91 | 5.73 | 20.59 | 7.67 | | 名称 | 持有数量(万股) | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 湖南兴湘投资控股 ...

Financial Performance - The company's operating revenue for 2024 reached ¥4,157,946,276.57, an increase of 19.82% compared to ¥3,470,052,757.94 in 2023[20] - The net profit attributable to shareholders for 2024 was ¥109,055,137.54, reflecting a growth of 26.07% from ¥86,503,021.81 in 2023[20] - The net profit excluding non-recurring gains and losses increased by 37.73% to ¥85,241,795.06 in 2024 from ¥61,892,442.40 in 2023[20] - The basic earnings per share for 2024 was ¥0.20, up 25.00% from ¥0.16 in 2023[20] - The total assets at the end of 2024 amounted to ¥4,642,391,972.42, a 16.72% increase from ¥3,977,389,555.42 at the end of 2023[20] - The net assets attributable to shareholders increased by 4.95% to ¥1,617,348,437.20 at the end of 2024 from ¥1,541,130,131.03 at the end of 2023[20] - The net cash flow from operating activities for 2024 was ¥261,469,893.84, a slight increase of 1.42% compared to ¥257,812,917.06 in 2023[20] - The weighted average return on equity for 2024 was 6.91%, up from 5.73% in 2023, indicating improved profitability[20] Market and Industry Trends - The aerospace and integrated equipment sector is expected to see a market demand exceeding ¥10 billion by 2027, driven by increased defense spending and domestic production rates[30] - The renewable energy sector is projected to grow significantly, with China's new energy vehicle sales expected to reach 12.87 million units in 2024, a 35.5% year-on-year increase[31] - The power sector is set for substantial investment, with the State Grid and Southern Power Grid planning a total investment of approximately ¥3 trillion during the 14th Five-Year Plan period[32] - The overall cable industry is experiencing growth, with increasing demand driven by new infrastructure projects in rail transport, electricity, and 5G technology[29] Product Development and Innovation - The company is focusing on high-tech special cables, which are in high demand and have better profit margins compared to general products, indicating a strategic shift towards higher value offerings[28] - The company aims to enhance its product offerings in high-temperature resistant cables and lightweight control cables to meet the growing needs of industrial robots and biomedical devices[34] - The company has developed 70Mpa waterproof cables and aerospace high-temperature flat cables, filling domestic gaps, while 30kV rail transit assembly cables and high anti-electromagnetic cables for trains are at an advanced industry level[58] - The company launched 46 R&D projects, including 34 for product development and major improvements, focusing on high-performance cables for various applications[46] Financial Management and Investments - The company received government subsidies amounting to ¥2.82 million in 2024, down from ¥12.18 million in 2023, indicating a decrease in external financial support[25] - The company reported a total investment of ¥86,638,553.04 for the current period, a decrease of 9.08% compared to ¥95,291,618.19 in the previous year[88] - The company plans to use up to RMB 60 million of idle raised funds to temporarily supplement working capital, with a commitment to return the funds to the designated account within 12 months[100] - The company reported a significant increase in accounts receivable, which reached CNY 1,208,970,143.93, accounting for 26.04% of total assets[82] Corporate Governance and Shareholder Relations - The company emphasizes fair, timely, and accurate information disclosure to all shareholders[125] - The company has established a market value management system and disclosed a valuation enhancement plan as of March 27, 2025[120] - The company held its first temporary shareholders' meeting on January 26, 2024, with an investor participation rate of 55.77%[128] - The company is committed to protecting the interests of all shareholders through active board engagement[144] Social Responsibility and Compliance - The company actively fulfills its social responsibilities, as detailed in its ESG report[166] - The company has not faced any administrative penalties related to environmental issues during the reporting period[165] - The company adheres to various environmental protection laws and has not been penalized for violations[165] - The company organized volunteer teams during flood emergencies to assist in flood control efforts[167] Risk Management - The company faces risks from macroeconomic changes, raw material price fluctuations, and market competition, and is implementing strategies to mitigate these risks[112][114][115] - The company will accept self-regulatory measures from the stock exchange and the listed company association if it fails to fulfill its commitments[176] Employee Development and Training - The company conducted 520 training sessions, with 11,417 participants, and introduced new talent management strategies to enhance workforce capabilities[50] - The company has implemented a comprehensive training program, achieving full employee training through various internal and external methods[151] Future Outlook and Strategic Planning - The company aims to create a world-class "specialized, refined, distinctive, and innovative" enterprise by 2025, focusing on high-end cable integration and intelligent composite transmission[105] - The company plans to expand its market presence and invest in new product development[1] - The company is actively pursuing market expansion and new technology development as part of its growth strategy[118]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [9]. Core Views - The company is set to acquire Hunan Xingxin Aerospace New Materials Co., Ltd. through a cash transaction aimed at gaining control, with specific acquisition ratios to be determined through negotiations [4][5]. - Hunan Xingxin is a leader in aerospace thermal protection materials and has a strong focus on high-temperature resistant materials, with applications in major space missions [5]. - The acquisition is expected to create strategic synergies and enhance the company's market share in the aerospace and integrated equipment sectors, aiming to elevate its high-end cable integration and smart composite transmission business to world-class standards [5]. Summary by Sections Company Overview - Hunan Xingxin was established in 2003 and is recognized as a national high-tech enterprise, specializing in the development and production of high-temperature resistant materials and related products [5]. - The company reported revenues of 56.42 million yuan, 51.37 million yuan, and 68.15 million yuan for 2022, 2023, and 2024 respectively, with net profits of 23.63 million yuan, 22.46 million yuan, and 26.49 million yuan during the same period [5]. Market Dynamics - The report highlights the acceleration of satellite internet deployment in China, which is expected to significantly increase the demand for high-reliability, extreme-environment special cables [6][7]. - The company is well-positioned to benefit from the rapid development of the satellite internet sector, with its special cables being utilized in key projects such as the "Long March" series of rockets and the "Shenzhou" series of spacecraft [7]. Low-altitude Economy - The report discusses the establishment of a low-altitude economy development office by the government, which is expected to unlock significant airspace resources and create a market projected to reach 3.5 trillion yuan by 2035 [8]. - The company is poised to benefit from this development as a provincial state-owned enterprise, with its cable business expected to thrive in the low-altitude economy sector [8]. Financial Projections - Revenue forecasts for the company are projected at 39.94 billion yuan, 59.91 billion yuan, and 89.09 billion yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.22, 0.32, and 0.48 yuan [9][11]. - The company is expected to maintain a strong growth trajectory, benefiting from trends in low-orbit satellites and the low-altitude economy [9].