证券代码：002560 证券简称：通达股份 河南通达电缆股份有限公司 投资者关系活动记录表 编号：2015-009 | --- | --- | --- | |-----------------------------|-----------------------------|------------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 | □ 新闻发布会 □路演活动 | | | 类别 | □ 现场参观 | | | | □其他 | | | 参与单位名称及 人员姓名 | | 国金证券股份有限公司研究所 司景喆军工研究助理 | | 时间 | 2015 年 12 月 04 | 日下午 | | 地点 | 公司证券部 | | | 上市公司接待人 员姓名 | 生 | 副总经理兼董事会秘书张治中先生、证券事务代表李高杰先 | | 投资者关系活动 主要内容介绍 | 研。 | 就公司产品利润、股权激励、订单情况及战略规划进行调 | | 附 件 清 单 ...

证券代码：002560 证券简称：通达股份 河南通达电缆股份有限公司 投资者关系活动记录表 编号：2015-011 | --- | --- | --- | |-----------------------------|-----------------------------|-------------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 | □ | 新闻发布会 □路演活动 | | 类别 | □ 现场参观 | | | | □其他 | | | 参与单位名称 及人员姓名 | | 广发证券股份有限公司发展研究中心军工行业分析师 赵炳楠 | | 时间 | 2015 年 12 月 | 10 日上午 | | 地点 | 公司证券部 | | | 上市公司接待人 员姓名 | | 副总经理兼董事会秘书张治中、证券事务代表李高杰 | | 投资者关系活动 主要内容介绍 | | 就公司生产经营情况及未来发展方向进行调研。 | | 附 件 清 单 （ 如 有） ...

证券代码：002560 证券简称：通达股份 河南通达电缆股份有限公司 投资者关系活动记录表 编号：2015-010 | --- | --- | --- | |-----------------------------|-------------------------|---------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □其他 | | | 参与单位名称及 人员姓名 | | 中泰证券股份有限公司研究所机械军工行业研究员 卫喆 | | 时间 | 2015 年 12 月 9 | 日下午 | | 地点 | 公司证券部 | | | 上市公司接待人 员姓名 | | 副总经理兼董事会秘书张治中、证券事务代表李高杰 | | 投资者关系活动 主要内容介绍 | | 就公司生产经营情况及未来发展方向进行调研。 | | 附 件 清 单 （ 如 有） | 投资者关系活动附件 ...

Company Overview - Henan Tongda Cable Co., Ltd. was listed on the Shenzhen Stock Exchange on March 3, 2011, with the stock code 002560 [1] - The company specializes in producing overhead conductors for ultra and extra-high voltage transmission lines, including various product series such as steel core aluminum stranded wire and new copper alloy contact network wires for electrified railways [1] Market Dynamics - In 2015, the company secured significantly more orders from the State Grid compared to 2014 due to increased national investment in power line construction, including a substantial rise in investment for ultra-high voltage projects and rural network upgrades [1] - The price of primary raw material aluminum ingots was relatively low and stable in 2015, which encouraged the company to increase its bidding efforts [1] Client Base - Major clients include the State Grid Corporation of China and China Railway Corporation, with a shift in client structure where the State Grid's share has decreased from over 80% pre-listing to around 20% currently, while the railway and overseas markets have seen faster growth [2] Financial Performance of Subsidiaries - The two small loan companies controlled by the company contributed significantly to profits in previous years, but their performance has declined recently due to economic conditions, although they maintain normal operations with enhanced risk control [3] Strategic Direction - The company aims to maintain steady growth in its core business while exploring entry into the military industry, leveraging national policies that encourage military-civilian integration [4] - Future strategies include potential mergers and acquisitions, starting with Chengdu Hangfei, to strengthen the aviation and military supply chain [4] Employee Incentives - A recent equity incentive plan for core employees aims to boost market confidence and retain talent, with performance targets set for 2015-2017 that are considered ambitious within the industry [4] - The targets are based on thorough analysis and align with national strategies such as the Belt and Road Initiative and increased investments in ultra-high voltage construction and railway development [4]

证券代码：002560 证券简称：通达股份 河南通达电缆股份有限公司 投资者关系活动记录表 编号：2015-012 | --- | --- | --- | |-----------------------------|-----------------------------|----------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □其他 | | | 参与单位名称 | | 中信建投证券股份有限公司军工行业分析师 张傲 | | 及人员姓名 | | 华夏基金管理有限公司投资研究部高级经理 奚佳 | | 时间 | 2015 年 12 月 24 | 日上午 | | 地点 | 公司财务部 | | | 上市公司接待人 员姓名 | | 副董事长兼财务总监马红菊、证券事务代表李高杰 | | 投资者关系活动 主要内容介绍 | | 就公司生产经营现状及未来发展方向进行调研。 | | ...

Company Overview - Henan Tongda Cable Co., Ltd. was successfully listed on the Shenzhen Stock Exchange on March 3, 2011 (stock code: 002560) [1] - The company specializes in producing overhead conductors for ultra and extra-high voltage transmission lines, with a significant portion of its products used in long-distance, high-capacity transmission lines [1] Customer Base and Sales Model - Major customers include State Grid Corporation of China and China Railway Corporation, along with their subsidiaries [2] - The sales model primarily involves bidding for projects organized by these major clients, with a production-to-order approach post-bid win [2] - The proportion of sales to State Grid has decreased from over 80% before listing to around 20% currently, while the railway and overseas markets are growing rapidly [2] Railway Market Outlook - The company has developed new copper alloy contact network wires and supporting cables for electrified railways since 2009, with products now in use domestically and some exported to South Korea [3] - The railway market has high entry barriers, requiring strict certifications; the company has obtained necessary certifications to expand into the rail transport market [3] - Increased national investment in railway construction and the promotion of high-speed rail projects abroad indicate a promising market outlook [4] Strategic Shift to Military Industry - The company has chosen to transition towards the military industry due to its high technical barriers, high product value, and long industry lifecycle [4] - The strategic focus has shifted to "rooted in the main business, deepening military industry," with plans for acquisitions in aviation and other military-civilian integration fields [4] - The company aims to achieve its "double hundred" goal through horizontal cooperation with military branches and vertical expansion in the military supply chain [4] Stock Incentive Plan - The recent stock incentive plan is based on past performance and future industry trends, aligning with national strategies such as the Belt and Road Initiative and increased investment in high-voltage construction and railway development [5]

证券代码：002560 证券简称：通达股份 河南通达电缆股份有限公司 投资者关系活动记录表 编号：2015-007 | --- | --- | --- | |-----------------------------|---------------------|-------------------------------------------------------------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | □其他 | | | | | | | | | 国泰君安证券股份有限公司 研究员 王永辉 蝶彩资产管理（上海）有限公司 副总裁 汪逸群 | | 参与单位名称及 | | 上海翊惠资产管理有限公司 投资总监 赵杰 | | 人员姓名 | | 浙江浙商证券资产管理有限公司 权益投资总部 研究员 马斌博 华泰证券股份有限公司 证券投资部 投资经理 赵宇 ...

投资者关系活动附件-座谈内容 1、请简单介绍公司的基本情况。 答：河南通达电缆股份有限公司于 2011 年 3 月 3 日在深圳证券交易所成 功上市（股票简称：通达股份，股票代码：002560），公司专业生产 500kV 及以上超、特高压输电线路用架空导线产品，主要产品有钢芯铝绞线系列、铝包 钢产品系列、铝合金产品系列、电气化铁路和高铁用新型铜合金接触网导线和承 力索产品系列等，公司架空电缆产品工艺也日益成熟。公司产品中架空导线类产 品占比较大，主要用于远距离、大容量的主干输电线路中。 2、电线电缆行业的行业目前情况如何，公司在同行业的排名如何？ 答：公司为国内架空导线的领先企业，曾为国内第一条 1000kV 特高压交 流输电线路、国际第一条 800kV 直流特高压输电线路供货，此外也为国内的重 点工程如三峡工程、奥运备战线路工程成功供货，为国内特高压输电线路建设导 线第一梯队供应商。 3、公司的主要客户是哪些?销售模式及交货期如何？ 答：公司的主要客户为国家电网公司、中国铁路总公司及其各自下属一些子 公司或路局，像太原铁路局、北京铁路局等都有业务合作。 销售模式主要为参与上述主要客户组织的投标，并在中标后以 ...

Business Performance and Growth Projections - In 2015, the company saw an increase in orders from the State Grid compared to 2014, driven by significant investments in power line construction, including a rise in spending on UHV construction, new rural grid transformation, and distribution network construction [1] - The company implemented an equity incentive plan in October 2015, setting performance growth targets based on 2014 figures: revenue growth rates of at least 30% for 2015, 60% for 2016, and 80% for 2017; net profit growth rates of at least 25% for 2015, 60% for 2016, and 80% for 2017 [2] Market Position and Competition - The company's cable products are classified as material-type bidding in the State Grid's tender system, with strict quality requirements for UHV lines leading to fewer competitors compared to lower voltage lines [2] - The domestic competitors in UHV cable supply include Far East Cable and Zhongtian Technology, with a high technical and capability threshold for suppliers [2] Railway Market Insights - The national investment in railway construction is increasing, with plans for new high-speed rail lines and international connections, indicating a promising market outlook [3] - The company has developed new copper alloy contact wire and supporting products for electrified railways since 2009, achieving stable operation and some exports to South Korea [3] - The railway market has high entry barriers, requiring strict certifications, which the company has successfully obtained, laying a solid foundation for future expansion [4] Strategic Direction and Potential Transformation - The company aims to maintain steady growth in its core business while exploring opportunities in light-asset, high-profit industries through acquisitions [5] - Potential areas for transformation include smart manufacturing, military applications, and medical services, with a commitment to deepening industry engagement rather than trial-and-error approaches [6] - The company plans to leverage its financial and regional advantages to support acquired businesses, particularly in the context of local government initiatives promoting industrial robotics and smart equipment [6][7] Acquisition Strategy - Following a failed acquisition in 2014, the company remains open to pursuing strategic acquisitions that align with its goals and can create synergistic benefits [7] - The search for potential acquisition targets is not limited to the local region, emphasizing a commitment to a collaborative and mutually beneficial partnership approach [7]

证券代码：002560 证券简称：通达股份 河南通达电缆股份有限公司 投资者关系活动记录表 编号：2015-008 | --- | --- | --- | |-----------------------------|--------------------------|------------------------------------------------------| | | | | | | ■ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □其他 | | | 参与单位名称及 人员姓名 | | 深圳市宝德投资控股有限公司投资总监 刘新涛 | | 时间 | 2015 年 11 月 20 | 日上午 | | 地点 | 公司三楼会议室 | | | 上市公司接待人 员姓名 | | 副总经理兼董事会秘书张治中先生 | | 投资者关系活动 主要内容介绍 | | 就公司股权激励、生产经营情况及未来发展方向进行调研。 | | 附 件 清 单 （ 如 有） | 投资者关系活动附件 ...