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].

国浩律师（长沙）事务所 关于 湖南华菱线缆股份有限公司 2025 年第二次临时股东大会 之 法律意见书 长沙市湘江中路保利国际广场 B3 栋 17 楼 邮编：410000 17/F, Building B3, Poly International Plaza, Middle Xiangjiang Road, Changsha 410000, China 电话/Tel: +86 731 8868 1999 传真/Fax: +86 731 8868 1999 网址/Website: http://www.grandall.com.cn 2025 年 3 月 国浩律师（长沙）事务所 本所已经对与出具本法律意见书有关的所有文件资料进行审查判断，并据此 出具见证意见。 本所律师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 提供的文件和有关事实进行了核查和验证，并列席了本次股东大会，现出具见证 意见如下： 1 关于湖南华菱线缆股份有限公司 2025 年第二次临时股东大会之 法律意见书 （2025）国浩长律见字第 20250321-1-2 号 致：湖南华菱线缆股份有限公司 国浩律师（长沙）事务所（以下简称"本 ...

证券代码：001208 证券简称：华菱线缆 公告编号：2025-019 湖南华菱线缆股份有限公司 2025 年第二次临时股东大会会议决议公告 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。 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、召开时间 （1）现场会议召开时间：2025 年 3 月 21 日（星期五）14:30 （2）网络投票时间：2025 年 3 月 21 日（星期五） 其中，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3月21日的交易时间，即9:15-9:25,9:30-11:30 和13:00-15:00； 通过互联网投票系统投票的具体时间为 2025 年 3 月 21 日上午 9:15 至下午 15:00 期间的任意时间。 2、现场会议召开地点：湘潭市高新区建设南路 1 号华菱线缆技 术中心 216 室 3、会议召开方式：现场投票及网络投票相结合 4、会议召集人：公司董事会 5、现场会议主持人：公司董事长张志钢 6、本次股东大会会议的召开符合《 ...

星标 ★ IPO日报 精彩文章第一时间推送 商业航天领域产业链又有收购事件发生！ 近期，湖南华菱线缆股份有限公司（SZ001208，下称"华菱线缆"）发布公告，为响应国家高质量发展战略，完善上下游产业链布局，深化航空航天等领 域业务发展，加速高端线缆及新材料领域的产业整合，拟以现金方式收购湖南星鑫航天新材料股份有限公司（下称"星鑫航天"）控制权。 值得注意的是，这是华菱线缆上市以来，首单市场化并购项目。如果本次收购成功，华菱线缆有望实现在航空航天及融合装备领域产业链的拓展，整合航 天飞行器中电线电缆高温防热保护层等技术，深化航空航天等领域业务发展。 制图：佘诗婕 重大布局 2024年，商业航天纳入国家战略，这有利推动行业高速发展。据预测，全球航空航天市场未来五年年均增速超5%，而中国作为核心参与者，产业链整合 需求迫切。 华菱线缆是湖南省国资委下属A股上市公司，主营电线电缆的研发、生产及销售。近年来，华菱线缆确立了以特种电缆为主导的战略方向，充分挖掘特种 电缆细分市场，为航空航天及融合装备、轨道交通及高速机车、矿山、新能源、工程装备、数据通信等领域提供专业化、高品质的特种电缆产品。 此次，华菱线缆通过收购切入 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [2][12]. Core Views - The company plans to acquire a controlling stake in Xingxin Aerospace Materials to expand its upstream high-value thermal protection materials business [3][12]. - The acquisition is expected to leverage Xingxin Aerospace's technology and channel advantages, enhancing the company's product offerings in aerospace applications [12]. - The target price has been raised to 14.07 yuan from the previous 11.36 yuan, based on a price-to-book ratio (PB) of 2.6 times for 2025 [12]. Financial Summary - Revenue is projected to grow from 3,015 million yuan in 2022 to 5,295 million yuan in 2026, reflecting a compound annual growth rate (CAGR) of approximately 14.6% [5]. - Net profit attributable to the parent company is expected to recover from 87 million yuan in 2023 to 203 million yuan in 2026, with a notable increase of 39.7% in 2025 [5]. - Earnings per share (EPS) are forecasted to rise from 0.16 yuan in 2023 to 0.38 yuan in 2026 [5]. Market Position and Growth Potential - The company is nearing capacity saturation, with ongoing projects in aerospace, mining, and rail transportation cable production entering a ramp-up phase, which is anticipated to boost sales [12]. - The acquisition of Xingxin Aerospace is expected to create synergies in the aerospace and integrated equipment sectors, enhancing the company's competitive position [12]. - The company has a strong order pipeline, with several products already entering national key models, indicating robust future demand [12].