Core Viewpoint - A profound transformation is occurring in Henan, focusing on the construction of a modern industrial system, where companies like Tongda Cable Co., Ltd. are leveraging the futures market to manage risks and seize opportunities amid commodity price fluctuations [2][3]. Company Overview - Tongda Cable, founded in 1987 and listed in 2011, has been a leader in the cable industry for nearly 40 years, specializing in the production and sales of cables, precision processing of aircraft components, and aluminum-based composite materials [3]. - The company has an annual production capacity of over 100,000 tons for ultra-high voltage cables and 50,000 kilometers for power and high-end cables, contributing to major projects like the 1000kV transmission line [3]. Challenges Faced - The company faces significant challenges due to raw material costs, with electrolytic aluminum and cathode copper accounting for over 70% of production costs [4]. - Price volatility of these metals, influenced by supply-demand dynamics and macroeconomic factors, has led to substantial risks, particularly when contracts are won based on current prices but delivered months later [4]. Risk Management Strategy - Since 2007, Tongda Cable has utilized futures tools, starting with aluminum and later expanding to copper, to hedge against price fluctuations [6]. - The company has developed a comprehensive risk management framework, including a specialized internal control system, a professional team, and strict risk management protocols [8]. Recent Developments - In response to rising aluminum prices in late 2024, the company quickly implemented a hedging strategy by purchasing call options, resulting in a profit of 44,440 yuan, effectively mitigating the impact of rising raw material costs [7]. - Tongda Cable has been recognized as a best practice case for risk management in futures by the China Listed Companies Association and has been approved as a service base for integrating finance and industry [6][11]. Industry Collaboration - The company emphasizes collaboration within the supply chain, moving from a focus on price to technology and service, enhancing customer engagement from the design phase of projects [10]. - Tongda Cable is also establishing a strategic supplier evaluation system to strengthen partnerships and improve communication regarding hedging tools and market analysis [11]. Conclusion - Tongda Cable's experience exemplifies how companies in Henan are effectively utilizing futures and derivative tools to manage price risks, stabilize operations, and achieve high-quality development in line with national industrial goals [11].

Core Viewpoint - The news highlights various companies' financial performances, stock movements, and strategic decisions, indicating a mixed outlook across different sectors. Performance Summary - Anta Sports clarified it is not a potential acquirer of Canada Goose Holdings [3] - Lianyi Intelligent Manufacturing reported normal operations with no undisclosed significant matters [3] - Huon Electric's robot business is still in the R&D phase and has not generated revenue [3] - Tianfu Communication and Longyang Electronics both reported normal operations with no undisclosed significant matters [3] - Cambrian Technology expects annual revenue of 5 billion to 7 billion yuan in 2025 [3] - CITIC Securities reported a net profit of 13.719 billion yuan for the first half, up 29.8% year-on-year [3] - SMIC's net profit for the first half was 321 million USD, a 35.6% increase year-on-year [3] - Zhongwei Company reported a net profit of 706 million yuan, up 36.62% year-on-year [3] - Wancheng Group's net profit surged 50358.8% to 472 million yuan in the first half [3] - China Galaxy's net profit increased by 47.86% year-on-year, proposing a dividend of 1.25 yuan per 10 shares [3] - Zhujiang Beer reported a net profit of 612 million yuan, up 22.51% year-on-year [3] - Yili Group's net profit decreased by 4.39% to 7.2 billion yuan [3] - Zhongke Titanium White's net profit fell by 14.83% to 259 million yuan [3] - Huasheng Tiancheng turned a profit with a net profit of 140 million yuan [3] - Li Auto's second-quarter revenue totaled 30.2 billion yuan, down 4.5% year-on-year but up 16.7% quarter-on-quarter [3] - Bull Group's net profit decreased by 8% to 2.06 billion yuan [3] - Nanshan Aluminum reported a net profit of 2.625 billion yuan, proposing a dividend of 0.4 yuan per 10 shares [3] - Shuijingfang's net profit fell by 56.52% to 105 million yuan [3] - Huaneng International's net profit increased by 13.15% to 3.904 billion yuan [3] - SAIC Group's net profit decreased by 9.21% to 6.018 billion yuan [3] - SF Holding's net profit increased by 19.4% year-on-year, proposing a dividend of 4.6 yuan per 10 shares [3] - Zhongke Shuguang's net profit increased by 29.39% to 729 million yuan [3] - Shanxi Fenjiu's net profit increased by 1.13% to 8.505 billion yuan [3] - Haier Smart Home reported a net profit of 12.033 billion yuan, proposing a dividend of 2.69 yuan per 10 shares [3] - China State Construction's net profit increased by 3.2% to 30.404 billion yuan [3] - CITIC Construction Investment's net profit was 4.509 billion yuan, proposing a dividend of 1.65 yuan per 10 shares [3] - New China Life Insurance's net profit increased by 33.5% to 14.799 billion yuan [3] - China Southern Airlines reported a loss of 1.533 billion yuan in the first half [3] - Sanhuan Group's net profit increased by 20.63% to 1.237 billion yuan [3] - Yingshi Innovation's net profit increased by 0.25% to 520 million yuan [3] - ZTE's net profit decreased by 11.77% to 5.058 billion yuan [3] - Changxin Bochuang's net profit surged 1121.21% to 168 million yuan [3] Buyback and Shareholding Changes - Spring Airlines plans to repurchase shares worth 300 million to 500 million yuan [4] - Shenzhen Ruijie plans to repurchase 500,000 to 600,000 shares [4] - Haotong Technology's actual controller plans to reduce holdings by up to 3% [4] - Aojie Technology's shareholder Alibaba Network plans to reduce holdings by up to 3% [4] - Chunzong Technology's chairman plans to reduce holdings by up to 2.053% [4] - Zhejiang Shibao's controlling shareholder plans to reduce holdings by up to 2% [4] Contracts and Major Investments - Zhongding Co. signed a strategic cooperation agreement with the Baohe District government for the robotics industry [4] - Tongda Co. is pre-awarded a 122 million yuan procurement project by the State Grid [4] - Runjian Co. won a 392 million yuan project for green power supply in Ulanqab, Inner Mongolia [4] - Dash Intelligent signed a smart project contract for Hualun Century Plaza [4] - Huakang Clean signed a pre-award for a 136 million yuan medical purification project [4] - Shunyu Co. plans to establish a smart water management subsidiary [4] - Guanzhong Ecology plans to invest in a seedling breeding base in Kyrgyzstan [4] Mergers and Acquisitions - Beixin Building Materials intends to acquire 100% equity of an overseas building materials company [4] - Chip Origin plans to purchase equity in Chip Lai Zhirong, with stock suspension starting tomorrow [4] - Kaifa Electric plans to acquire 80% equity of Ouli Power Network for 52 million yuan [4] Other Developments - Jinghe Integration plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Huahai Qingke plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange [4] - Fuhanwei plans to issue H-shares and list on the Hong Kong Stock Exchange [4]

Group 1 - The core point of the article is that Tongda Co., Ltd. has been recommended as a candidate for a procurement project by the State Grid Corporation of China, with a total value of approximately RMB 122 million [1] - The public announcement for the procurement started on August 28, 2025, and will last for three days [1] - The estimated value of the pre-awarded materials represents about 1.97% of the company's projected total revenue for the fiscal year 2024 [1]

人民财讯8月28日电，通达股份（002560）8月28日晚间公告，公司在国家电网采购项目中预中标物资总 价值共计1.22亿元，约占公司2024年度营业总收入的1.97%。 ...

证券代码：002560 证券简称：通达股份 公告编号：2025-057 河南通达电缆股份有限公司 关于国家电网预中标的自愿性信息披露公告 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。 国家电网有限公司电子商务平台(https://ecp.sgcc.com.cn/ecp2.0/porta l/)于近日在"招标采购\推荐中标候选人公示"中发布了《国家电网有限公司 2 025 年第四十九批采购(输变电项目第四次线路装置性材料招标采购)推荐的中 标候选人公示》（以下简称"公示"），公示开始时间为 2025 年 8 月 28 日，公示 期 3 日。据河南通达电缆股份有限公司（以下简称"公司"）测算，在上述公示 中公司预中标物资总价值共计人民币 12,241.335481 万元，约占公司 2024 年度 营业总收入的 1.97%。 | 序号 | 分标编号 | 项目单位 | 分标名称 | 包号 | 投标报价（万元） | | --- | --- | --- | --- | --- | --- | | 1 | SG2508-1402-21017 | 国网吉林省电力有限公司 | ...

Core Viewpoint - The article highlights the rapid growth of the electricity consumption in China, with a focus on the development of the new power system and the role of Tongda Co., a leading company in the special wire and cable sector, in supporting this growth [1][2]. Company Development - Tongda Co. was established in 1987, starting from a small workshop and has grown into a publicly listed company through continuous innovation and participation in major national projects [2]. - The company has become a key supplier in the ultra-high voltage cable sector, leveraging its experience from participating in significant projects like the first ultra-high voltage AC transmission line in China [2][3]. - Tongda's revenue from wire and cable business has increased from 1.735 billion yuan in 2020 to 3.233 billion yuan in 2024, with a 35.49% year-on-year growth in the first half of the current year [3]. Industry Landscape - The wire and cable industry in China is expected to reach a market size of 1.35 trillion yuan by 2024, with sales revenue of large-scale enterprises projected to approach 1.5 trillion yuan by 2030 [3]. - The industry is characterized by low concentration and intense competition, leading to a trend of consolidation where less competitive companies are expected to exit the market [3]. Business Diversification - In 2015, Tongda Co. adopted a strategy to deepen its involvement in the military industry by acquiring Chengdu Hangfei, which specializes in high-precision manufacturing of aircraft components [5]. - The company has expanded its product offerings to include aluminum-based composite materials, which have a high gross margin and provide stable cash flow [6][7]. International Expansion - Since 2009, Tongda Co. has been exporting products and has maintained the top position in the Henan cable industry for over a decade [8]. - The company has formed sales teams to explore markets in Africa, South America, Europe, and Southeast Asia, with a 92.08% year-on-year increase in new overseas orders in the first half of the year [8][9]. - The global wire and cable market is projected to grow at a compound annual growth rate of 6.8%, reaching over $2.3 trillion in the next five years, driven by factors such as ultra-high voltage construction and digital infrastructure [9].

Core Viewpoint - The launch of the Ningxia-Hunan ±800 kV UHVDC project marks a significant advancement in China's renewable energy transmission capabilities, with over 36 billion kWh of electricity expected to be delivered annually, meeting the needs of over 10 million households, and more than 50% of this power coming from renewable sources [1] Industry Overview - The UHV construction boom is driving high growth in the performance of related listed companies, with the industry entering a high prosperity cycle due to the increasing demand for renewable energy transmission [1][4] - China's UHV construction capabilities are globally leading, covering the entire spectrum from original technology to complete equipment, and from engineering design to operation and maintenance [1] Company Performance - Baoding Tianwei Baobian Electric Co., Ltd. reported a revenue of 2.995 billion yuan, a year-on-year increase of 60.89%, and a net profit of 75.37 million yuan, up 230.76% [2] - Henan Tongda Cable Co., Ltd. achieved a revenue of 3.618 billion yuan, a year-on-year increase of 37.28%, and a net profit of 61.87 million yuan, up 68.42%, with significant growth in new orders across various sectors [2] - Pinggao Group Co., Ltd. reported a revenue of 5.696 billion yuan, a year-on-year increase of 12.96%, and a net profit of 666 million yuan, up 24.59%, with a notable increase in market share [3] Future Outlook - The investment in the UHV sector is expected to continue increasing in the coming years, driving high prosperity in the high-end equipment, key materials, and construction segments of the industry [5]

Core Viewpoint - The company announced the transfer of part of its equity in its wholly-owned subsidiary, Henan Tongda Hongji Technology Co., Ltd., to its controlling shareholder and actual controller, Ms. Ma Hongju, and Mr. Qu Hongpu, the director and general manager of the company [1] Summary by Relevant Sections - The company will retain 88% equity in Tongda Hongji after the transfer, while Ms. Ma Hongju will hold 10% and Mr. Qu Hongpu will hold 2% directly [1] - Following the completion of the equity transfer, Tongda Hongji has transitioned from a wholly-owned subsidiary to a controlled subsidiary of the company [1] - The necessary business registration changes have been completed, and a new business license has been obtained for Tongda Hongji [1]

一、关联交易概述 河南通达电缆股份有限公司（以下简称"公司"）于2025年4月22日召开第 六届董事会第六次会议、第六届监事会第六次会议，审议通过了《关于转让子公 司部分股权暨关联交易的议案》，公司将所持有的全资子公司河南通达宏基科技 有限公司（以下简称"通达宏基"）的部分股权转让给公司控股股东、实控人马 红菊女士、董事兼总经理曲洪普先生，其中将所持10%的股权（对应认缴出资额 1000万元，实缴出资额0元）转让给马红菊女士，将所持2%的股权（对应认缴出 资额200万元，实缴出资额0元）转让给曲洪普先生，并由马红菊女士、曲洪普先 生履行相应的实缴出资义务。本次股权转让完成后，公司持有通达宏基88%的股 权，马红菊女士直接持有通达宏基10%的股权，曲洪普先生直接持有通达宏基2% 的股权，通达宏基由公司的全资子公司变更为控股子公司。具体内容详见公司于 2025年4月24日在巨潮资讯网（http://www.cninfo.com.cn）等披露的《关于转 让子公司部分股权暨关联交易的公告》（公告编号：2025-024）。 二、关联交易进展情况 近日，通达宏基已完成相关工商变更登记手续并取得新的营业执照，通达宏 基由公 ...

金融界消息 截至2025年8月19日收盘，通达股份（002560）报收于8.29元，下跌0.48%，换手率4.81%， 成交量21.77万手，成交金额1.80亿元。 天眼查商业履历信息显示，河南通达电缆股份有限公司，成立于2002年，位于洛阳市，是一家以从事电 气机械和器材制造业为主的企业。企业注册资本52573.857万人民币，实缴资本5888万人民币。公司法 定代表人为马红菊。 通过天眼查大数据分析，河南通达电缆股份有限公司共对外投资了10家企业，参与招投标项目3233次， 知识产权方面有商标信息16条，专利信息166条，此外企业还拥有行政许可106个。 来源：金融界 资金流向方面，今日主力资金净流出1514.42万元，占比成交额8.41%。其中，超大单净流出1294.07万 元、占成交额7.18%，大单净流出220.35万元、占成交额1.22%，中单净流出流出355.55万元、占成交额 1.97%，小单净流入1869.98万元、占成交额10.38%。 通达股份最新一期业绩显示，截至2025中报，公司营业总收入36.18亿元、同比增长37.28%，归属净利 润6187.33万元，同比增长68.24%，扣非 ...