江苏中利集团股份有限公司 第三条 公司及其他信息披露义务人应当及时依法履行信息披露义务，披露的 信息应当真实、准确、完整，简明清晰、通俗易懂，不得有虚假记载、误导性陈述 或者重大遗漏。 第四条 信息披露义务人披露的信息应当同时向所有投资者披露，不得提前向 任何单位和个人泄露。但是，法律、行政法规另有规定的除外。 第五条 信息披露是公司的持续责任，信息披露义务人应该诚信履行持续信息 披露的义务。 第六条 在内幕信息依法披露前，内幕信息的知情人和非法获取内幕信息的人 不得公开或者泄露该信息，不得利用该信息进行内幕交易。任何单位和个人不得非 法要求公司提供依法需要披露但尚未披露的信息。 第七条 公司董事、高级管理人员应当忠实、勤勉地履行职责，保证披露信息 的真实、准确、完整，信息披露及时、公平。 1 信息披露管理制度 第一章 总则 第一条 江苏中利集团股份有限公司（下称"公司"）为进一步规范公司及其 他信息披露义务人的信息披露行为，加强信息披露事务管理，维护公司、投资者及 其他利益相关者的合法权益，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公 ...

Financial Performance - The company's operating revenue for the first half of 2025 was ¥837,249,635.38, a decrease of 33.59% compared to ¥1,260,646,348.80 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was -¥71,217,028.32, an improvement of 73.20% from -¥265,770,947.02 in the previous year[17]. - The basic and diluted earnings per share improved to -¥0.03, a 70.00% increase from -¥0.10 in the previous year[17]. - The company reported a total non-recurring profit and loss of 36,356,102.35 yuan, after accounting for various non-operating income and expenses[23]. - The company reported a net profit of -4,612.55 million CNY for its subsidiary Tenghui Photovoltaic, with total assets of 102,271.15 million CNY and a registered capital of 456,235.58 million CNY[69]. - The company reported a net loss of CNY 397,346,228.57 for the current period, compared to a loss of CNY 94,801,805.71 in the same period last year[159][163]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥702,934,152.36, a rise of 3,790.55% compared to ¥18,067,735.02 in the same period last year[17]. - The net cash flow from financing activities rose by 488.00% to ¥569,739,214.19 from -¥146,839,277.24, mainly due to the recovery of disposable debt repayment funds from the bankruptcy administrator's account[48]. - The company's cash and cash equivalents increased by 1,199.94% to ¥1,248,197,615.69 from -¥113,478,778.50, reflecting improved liquidity[48]. - The ending balance of cash and cash equivalents for the first half of 2025 was CNY 1,371,576,995.56, significantly higher than CNY 210,703,090.79 at the end of the first half of 2024[147]. - The net increase in cash and cash equivalents for the first half of 2025 was CNY 1,248,197,615.69, compared to a decrease of CNY -113,478,778.50 in the first half of 2024[147]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,094,777,468.19, down 7.77% from ¥5,524,164,637.48 at the end of the previous year[17]. - The total liabilities decreased from CNY 4,111,975,955.79 to CNY 3,298,758,789.85, a reduction of approximately 19.73%[136]. - The total equity attributable to shareholders increased from CNY 1,420,101,526.57 to CNY 1,810,392,830.97, an increase of approximately 27.43%[136]. - The company’s total liabilities to equity ratio improved from 2.90 to 1.83, indicating a stronger equity position[136]. - The total amount of owner contributions and capital reductions is CNY -464,479,096.28[151]. Market and Industry Insights - The cable industry is projected to reach a sales revenue of over 1.5 trillion yuan by 2030, driven by rapid developments in downstream sectors such as electricity and transportation[27]. - In the first half of 2025, China's newly installed photovoltaic capacity reached 212.21 GW, a year-on-year increase of 107%, with cumulative installed capacity exceeding 1,000 GW[28]. - The company has established a comprehensive development strategy integrating "products + energy storage systems + services" to enhance its market position in the photovoltaic sector[31]. - The company’s market share in the special cable sector peaked at over 65%, highlighting its strong competitive position[32]. Research and Development - The company holds 326 valid invention patents, 655 utility model patents, and 8 design patents, demonstrating a strong foundation in research and development[38]. - The company has developed 35 patents related to TOPCon batteries and components, achieving mass production of the entire series of TOPCon components[42]. - The company is focusing on technological innovation and product iteration to create comprehensive energy system solutions in the photovoltaic and energy storage sectors[31]. Corporate Governance and Social Responsibility - The company adheres to legal regulations and continuously improves its governance structure to enhance operational quality and protect shareholder rights[82]. - The company donated 300,000 CNY to support the development of high-quality talent in the wire and cable industry, reflecting its commitment to social responsibility[81]. - The company has established a comprehensive quality management system to ensure product safety and reliability, enhancing customer satisfaction and loyalty[85]. Legal and Compliance Issues - The company is currently involved in significant litigation with a total amount of approximately ¥28,000,000 (around $4.4 million) across various cases, including a contract dispute with Ningxia Jia Yang Energy Co., Ltd. for ¥1,382.79 million[94]. - A judgment has been made in favor of Qinghai Runben Investment Co., Ltd. against Qinghai Zhongli, requiring payment of ¥1,722.58 million, which includes principal, interest, and penalties[94]. - The company has reported no penalties or rectification measures during the reporting period[97]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 26,440[124]. - The largest shareholder, Changshu Guangsheng New Energy Co., Ltd., holds 20.00% of shares, totaling 601,533,077 shares[124]. - The new controlling shareholder is Changshu Guangsheng New Energy Co., Ltd., effective December 31, 2024[127]. Accounting and Financial Reporting - The company adheres to the accounting standards and ensures that its financial statements reflect its financial position and operating results accurately[170]. - The semi-annual financial report has not been audited[132]. - The company uses Renminbi as its functional currency for accounting purposes[173].

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日电网设备板块主力资金净流出4.77亿元，游资资金净流出5.47亿元，散户资金 净流入10.24亿元。电网设备板块个股资金流向见下表： 证券之星消息，8月13日电网设备板块较上一交易日上涨0.36%，长缆科技领涨。当日上证指数报收于 3683.46，上涨0.48%。深证成指报收于11551.36，上涨1.76%。电网设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002879 | 长缆科技 | 18.35 | 10.01% | 22.44万 | | 4.01亿 | | 603897 | 长城科技 | 27.51 | 10.00% | 19.50万 | | 5.20亿 | | 600192 | 长城电工 | 11.89 | 9.99% | 39.17万 | | 4.55亿 | | 002309 | 中利集团 | 3 ...

Group 1 - The Hong Kong Stock Exchange announced on August 8 that the Shenzhen Stock Connect list will be adjusted, with five stocks being added to the list effective from August 18 [1][2] - The companies included in the Shenzhen Stock Connect list are: Xintong Electronics (001388.SZ), Tongyu New Materials (301630.SZ), Xinhenghui (301678.SZ), Tefa Information (000070.SZ), and Zhongli Group (002309.SZ) [1][2]

Core Viewpoint - The Hong Kong Stock Exchange announced adjustments to the Shenzhen Stock Connect list, with five stocks being added effective August 18 [1]. Group 1: Companies Added to Shenzhen Stock Connect - The following companies have been included in the Shenzhen Stock Connect list: - Xintong Electronics (信通电子) - Stock Code: 001388.SZ - Tongyu New Materials (同宇新材) - Stock Code: 301630.SZ - Xinhenghui (新恒汇) - Stock Code: 301678.SZ - TeFa Information (特发信息) - Stock Code: 000070.SZ - Zhongli Group (中利集团) - Stock Code: 002309.SZ [2]

Core Viewpoint - The company has established new trading companies in the photovoltaic and cable sectors, raising concerns about potential competition with other companies under the Jianfa Group [1] Group 1 - The company received an inquiry from investors regarding potential competition with Jianfa Group's other companies in the photovoltaic and cable sectors [1] - The company confirmed that the major shareholder, Changshu Guangsheng New Energy Co., Ltd., has issued a commitment letter to avoid competition [1] - Details regarding the commitment to avoid competition will be disclosed in the company's report on December 18, 2024 [1]

Investment Rating - The report maintains a "Recommend" rating for the communication industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [36]. Core Insights - The optical module industry has shown unexpected growth in the first half of 2025, with major companies reporting over 50% year-on-year profit increases, driven by the demand for 800G products [22][26]. - NVIDIA's H20 chip is set to re-enter the Chinese market, which is expected to enhance the domestic computing power supply chain and benefit related sectors such as IDC [19][17]. - The communication sector has outperformed the broader market indices, with a 7.56% increase in the past week, and a 17.82% increase year-to-date, significantly surpassing the performance of the CSI 300 index [9][10]. Summary by Sections Industry Overview - The communication industry consists of 123 listed companies with a total market capitalization of approximately 492.49 billion yuan [3]. - The sector's performance has been strong, with a year-to-date increase of 17.82%, outperforming the CSI 300 index by 14.67 percentage points [9]. Market Performance - The communication sector's absolute performance over the last month, six months, and twelve months stands at 8.7%, 18.6%, and 30.5%, respectively [4]. - The sector's PE-TTM is reported at 35.94, compared to 13.39 for the CSI 300 index [9]. Key Companies and Recommendations - Key recommendations include China Mobile, China Telecom, and China Unicom for operators; for optical modules, NewEase, Tianfu Communication, and Zhongji Xuchuang are highlighted [30]. - The report suggests monitoring companies like Aofei Data, Guanghuan New Network, and Runze Technology in the IDC sector due to the anticipated benefits from the H20 chip's market re-entry [19][30]. Optical Module Market - Major optical module suppliers in China have reported significant profit growth, with NewEase's net profit expected to increase by 327.68%-385.47% year-on-year [22]. - The demand for 800G and 1.6T products is driving the market, with expectations of continued growth in the coming quarters [26][24].

Group 1 - The company expects a loss during the performance forecast period from January 1, 2025, to June 30, 2025 [2] - The performance forecast data is a preliminary estimate by the company's finance department and has not been audited by an accounting firm [3] - The main reason for the performance change is that the company's operations are still in the recovery phase, leading to certain losses, although the loss margin has significantly narrowed compared to the previous year due to cost reduction and improved quality actions [4] Group 2 - The specific financial data will be detailed in the company's 2025 semi-annual report, as the current forecast is unaudited [5] - The company has designated information disclosure media, including Securities Times, Securities Daily, Shanghai Securities Journal, and the Giant Tide Information Network [6] - The announcement was made by the board of directors of Jiangsu Zhongli Group Co., Ltd. on July 15, 2025 [8]

Jiangsu Zhongli Group Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a significant reduction in net loss for the first half of 2025, with projected losses ranging from RMB 65.90 million to RMB 89.20 million Key Financial Performance Indicators | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of the Listed Company** | Loss: RMB 65.90 million – RMB 89.20 million | Loss: RMB 265.7709 million | | **Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses** | Loss: RMB 93.60 million – RMB 126.70 million | Loss: RMB 265.4831 million | | **Basic Earnings Per Share** | Loss: RMB 0.024/share – RMB 0.033/share | Loss: RMB 0.103/share | - Due to the company's capital reserve capitalization completed at the end of 2024, prior year period earnings per share data has been **restated based on the adjusted share count for comparability**[2](index=2&type=chunk) [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The performance forecast represents preliminary estimates by the finance department and remains unaudited by an accounting firm - The performance forecast data is a **preliminary estimate** by the company's finance department and has **not been audited** by an accounting firm[3](index=3&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The significant year-on-year reduction in losses is primarily attributed to cost-cutting measures and decreased interest-bearing debt, leading to lower period expenses - The company's production and operations are still in a **recovery phase**, and scale effects have **not been fully realized**, which is the **primary reason for the current period's loss**[4](index=4&type=chunk) - The loss margin for the current period **significantly narrowed** year-on-year, primarily benefiting from the company's **cost reduction and quality improvement initiatives**, as well as a year-on-year **decrease in interest-bearing debt**, leading to a **substantial reduction in period expenses** such as management and financial costs[4](index=4&type=chunk) [Other Explanations and Risk Warnings](index=1&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E) The company reiterates that this unaudited performance forecast is preliminary, with final data to be released in the semi-annual report, urging investors to exercise caution - This performance forecast is a **preliminary estimate**, and specific financial data will be **subject to the company's 2025 semi-annual report**[5](index=5&type=chunk) - The company's **designated information disclosure media** are Securities Times, Securities Daily, Shanghai Securities News, and Juchao Information Network, reminding investors to be **aware of investment risks**[6](index=6&type=chunk)

Market Overview - The Shanghai Composite Index fell by 0.13% on July 9, with 17 out of the 28 sectors rising, led by Media and Agriculture sectors, which increased by 1.35% and 0.65% respectively [1] - The Electric Equipment sector saw a slight increase of 0.17% [1] - The sectors with the largest declines were Non-ferrous Metals and Basic Chemicals, which dropped by 2.26% and 0.85% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 38.536 billion yuan, with only three sectors experiencing net inflows: Media (1.055 billion yuan), Retail (864 million yuan), and Construction Decoration (40.34 million yuan) [1] - The Electronic sector had the largest net outflow, totaling 7.789 billion yuan, followed by Non-ferrous Metals with 5.412 billion yuan [1] Electric Equipment Sector Performance - In the Electric Equipment sector, 358 stocks were tracked, with 99 stocks rising and 252 stocks declining; 5 stocks hit the daily limit up [2] - The top net inflow stock was Ningde Times, with a net inflow of 378 million yuan, followed by Tongguan Copper Foil and Kelu Electronics with inflows of 219 million yuan and 178 million yuan respectively [2] - The sector experienced a total net outflow of 4.576 billion yuan, with 11 stocks seeing outflows exceeding 100 million yuan; the largest outflows were from Rongfa Nuclear Power, Sunshine Power, and Nord Shares, with outflows of 327 million yuan, 250 million yuan, and 226 million yuan respectively [2][3] Top Gainers in Electric Equipment Sector - The top gainers in the Electric Equipment sector included: - Ningde Times: +2.84%, turnover rate 0.75%, main capital flow 377.94 million yuan - Tongguan Copper Foil: +20.02%, turnover rate 48.19%, main capital flow 218.52 million yuan - Kelu Electronics: +10.06%, turnover rate 7.49%, main capital flow 178.39 million yuan [2] Top Losers in Electric Equipment Sector - The top losers in the Electric Equipment sector included: - Rongfa Nuclear Power: +0.42%, turnover rate 33.08%, main capital flow -327.43 million yuan - Sunshine Power: -0.57%, turnover rate 3.01%, main capital flow -249.65 million yuan - Nord Shares: -4.98%, turnover rate 14.04%, main capital flow -226.20 million yuan [3]