今年以来远程股份已经4次登上龙虎榜，最近一次登上龙虎榜为1月24日。 资料显示，远程电缆股份有限公司位于江苏省宜兴市官林镇远程路8号，成立日期2001年2月20日，上市 日期2012年8月8日，公司主营业务涉及电线电缆产品的设计、研发、生产与销售。主营业务收入构成 为：特种电缆78.48%，电力电缆16.59%，裸电线2.32%，电气装备用线缆1.76%，其他(补充)0.85%。 10月10日，远程股份（维权）盘中上涨2.02%，截至11:00，报5.55元/股，成交5655.90万元，换手率 1.44%，总市值39.86亿元。 资金流向方面，主力资金净流入305.85万元，大单买入1203.71万元，占比21.28%，卖出897.86万元，占 比15.87%。 远程股份今年以来股价涨42.31%，近5个交易日涨3.93%，近20日跌5.45%，近60日涨11.22%。 截至6月30日，远程股份股东户数2.77万，较上期减少22.40%；人均流通股25879股，较上期增加 28.84%。2025年1月-6月，远程股份实现营业收入22.56亿元，同比增长18.46%；归母净利润4195.66万 元，同比减少1. ...

Group 1 - The core viewpoint of the news is that the power equipment sector experienced a decline of 0.5% on the previous trading day, with 聚星科技 leading the losses [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] - The power equipment sector saw significant individual stock movements, with 崧盛股份 rising by 8.94% and 聚星科技 falling by 4.95% [1][2] Group 2 - The trading volume for the power equipment sector showed a net outflow of 9.35 billion yuan from institutional funds, while retail investors contributed a net inflow of 8.54 billion yuan [2] - The top gainers in the sector included 崧盛股份, 南网科技, and 大烨智能, with respective increases of 8.94%, 6.70%, and 5.76% [1] - Conversely, the top losers included 聚星科技, 温州宏丰, and 良信股份, with respective declines of 4.95%, 3.81%, and 3.31% [2]

经营现状挑战，毛利率下滑与现金流承压 远程电缆股份有限公司（证券代码：002692，以下简称"远程股份（维权）"）近期对外披露了针对深圳 证券交易所第二轮审核问询函的回复公告。 该公司申请向特定对象发行股票的计划，在监管层的反复追问下，其历史上因原实际控制人夏建统违规 操作引发的系列问题、当前主营业务的盈利能力以及可能面临的投资者索赔风险等诸多细节被置于聚光 灯下。 历史遗留问题，监管关注与潜在风险 远程股份的历史合规性问题无疑是此次审核关注的焦点。2017年至2019年间，公司因原实际控制人夏建 统的违规行为而受到深交所纪律处分及江苏证监局的行政处罚。 这些违规行为包括未及时披露且未在定期报告中披露对外担保、关联交易、或有负债、重大诉讼和仲裁 等。据江苏证监局行政处罚决定书披露，截至2018年末，远程股份违规担保余额达5.44亿元，占其2017 年末经审计净资产的36.31%。 这些历史问题直接导致了公司实际控制权的变更。2020年2月，无锡市国资委成为公司新的实际控制 人。新任管理层采取了一系列整改措施，包括追溯调整财务数据、计提预计负债、更换管理层等。 尽管公司声称相关问题已整改完毕，且发生在三年前，但 ...

Core Viewpoint - The document provides a supplementary legal opinion regarding the issuance of A-shares by Remote Cable Co., Ltd. for the year 2024, confirming compliance with relevant laws and regulations, and detailing the approval and authorization processes for the issuance [1][3]. Summary by Sections Approval and Authorization - The board of directors and shareholders of Remote Cable Co., Ltd. have approved the extension of the validity period for the resolution regarding the issuance of A-shares by 12 months, extending it to July 14, 2026 [4][5]. - The issuance plan remains unchanged aside from the extension of the resolution's validity period [5]. Issuer's Qualification - Remote Cable Co., Ltd. is a legally established joint-stock company with its stock listed on the Shenzhen Stock Exchange, holding a registered capital of 718.146 million RMB [6][7]. - The company is in good standing, with no legal circumstances necessitating dissolution, and its stock continues to trade on the Shenzhen Stock Exchange under the code "002692" [6][7]. Substantial Conditions for Issuance - The issuance of shares complies with the conditions set forth in the Company Law, Securities Law, and relevant regulations, including a share price of 3.22 RMB, which is not lower than the par value [7][10]. - The funds raised from this issuance will be used to supplement working capital, aligning with national industrial policies [10][12]. Shareholder Structure - The major shareholders include Su Xin Investment and its action partner, Lianxin Assets, holding 18.11% and 10.56% of shares, respectively [15][14]. - The document outlines the shareholding structure and confirms that there are no pledges or freezes on the shares held by the controlling shareholders [15][14]. Business Operations - Remote Cable Co., Ltd. holds various operational licenses, including for the manufacturing of wires and cables, and has maintained its business scope without significant changes over the past three years [16][18]. - The company has not engaged in any major illegal activities that would harm investor rights or public interests in the last three years [9][18].

Core Viewpoint - The company is responding to the second round of inquiry from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, addressing various questions related to its financial performance and operational strategies. Financial Performance - The company's main business gross profit margins over the reporting period were 10.93%, 10.92%, and 10.29% respectively, indicating a downward trend [2][6] - The net cash flow from operating activities for the company was -59,588,044.04 yuan, 76,429,593.57 yuan, and 30,635,791.73 yuan over the last three years, showing significant fluctuations [2][6] - The net profit for the first half of 2025 was 54,278,200 yuan, representing a year-on-year increase of 93.46% [11] Sales and Marketing Strategy - The company relies on sales promotion consultants to assist in market channel development and sales, which is a common practice in the cable industry [3][5] - The sales promotion consultants primarily provide services related to market demand feedback, contract signing, and payment collection, without engaging in logistics or installation services [3][5] Industry Context - The cable industry in China has experienced rapid growth since the 1990s, becoming the second-largest producer globally, only behind the United States [4] - The industry has a low overall gross profit margin, typically ranging from 10% to 12%, due to intense competition and a predominance of low-end products [6][9] - The company’s gross profit margin is slightly below the average of comparable companies, reflecting the competitive landscape and product structure differences [9][11] Future Outlook - The cable manufacturing market is projected to remain significant, with ongoing investments in infrastructure and emerging industries such as renewable energy driving demand [12][14] - The company is increasing its research and development investments to enhance product quality and expand its market presence [14] - The company plans to improve its sales capabilities by expanding its sales team and establishing new regional offices, aiming for better customer service and market penetration [5][11]

Core Viewpoint - The company, Remote Cable Co., Ltd., is responding to a second round of inquiry from the China Securities Regulatory Commission regarding its application for a specific stock issuance, addressing issues related to past violations of information disclosure regulations and ongoing investor lawsuits [1][3]. Group 1: Company Violations and Penalties - The company failed to timely disclose external guarantees, related party transactions, contingent liabilities, and significant lawsuits, resulting in a warning and a fine of 500,000 yuan from the Jiangsu Regulatory Bureau [3][21]. - The former actual controller of the company, Xia Jiantong, received a warning and a fine of 600,000 yuan for his involvement in these violations [3][21]. - The violations occurred between 2017 and 2019, and the company argues that they do not constitute recent illegal activities within the last three years [3][20]. Group 2: Investor Lawsuits - The company has received one investor lawsuit related to false statements, with the plaintiff seeking compensation of 221,842 yuan for economic losses incurred from purchasing the company's stock based on misleading information [5][20]. - The company has engaged a law firm to handle the lawsuit, which is currently in the evidence exchange phase [6][20]. - The company believes that the statute of limitations for potential claims has expired, as the relevant disclosure violations were publicly known by April 2019 [10][20]. Group 3: Financial Impact and Future Outlook - The company estimates that the maximum potential compensation amount related to the ongoing lawsuit could reach 16.82 million yuan, but asserts that this will not significantly impact its operations or financial status [20][19]. - The company has taken steps to rectify past violations and improve governance, with a new management team in place since the actual controller changed to the Wuxi State-owned Assets Supervision and Administration Commission [21][28]. - The company has reported steady growth in revenue and net profit since 2020, indicating a positive market image and operational stability [28].

Core Points - The company, Yuancheng Cable Co., Ltd., has updated its financial data in the application documents for a specific stock issuance following the release of its 2025 semi-annual report on August 26, 2025 [1] - The issuance of stocks to specific targets requires approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission, with uncertainties regarding the approval process and timeline [1] Financial Data Update - The company has synchronized updates to the financial data and other changes in the application documents for the stock issuance with relevant intermediaries [1] - Detailed information regarding these updates can be found on the company's disclosures on the Giant Tide Information Network [1] Regulatory Approval Process - The stock issuance is contingent upon passing the review by the Shenzhen Stock Exchange and obtaining registration approval from the China Securities Regulatory Commission [1] - The company commits to timely information disclosure based on the progress of this matter [1]

Core Viewpoint - The company is responding to inquiries from the Shenzhen Stock Exchange regarding its stock issuance application, addressing issues related to investor lawsuits, sales promotion consultant models, profitability stability, cash flow, and financial investments [1] Investor Lawsuit Impact - The company received an investor lawsuit on March 4, 2025, claiming economic damages of 221,800 yuan and legal fees of 15,000 yuan due to past information disclosure violations. The case is currently in the material supplement stage after one court hearing [2] - The maximum potential compensation could reach 16.82 million yuan, but it is not expected to significantly impact the company's operations or financial status. The company has removed the statement regarding the event being incidental and added relevant risk disclosures [2] Sales Promotion Consultant Model Analysis - During the reporting period, the company paid sales service fees to sales promotion consultants amounting to 146.84 million yuan, 127.91 million yuan, and 152.01 million yuan, primarily to individuals. These consultants assist in market channel development, contract signing, and payment tracking [3] - The company maintains this business model due to historical reasons and plans to expand its sales team starting from the end of 2023, aligning with industry practices [3] Profitability Stability and Sustainability Discussion - The company's main business gross margin has been declining, recorded at 10.93%, 10.92%, and 10.29% during the reporting period, influenced by industry competition and raw material price fluctuations. The company’s gross margin is slightly below the industry average but follows a similar trend [4] - Despite the challenges, the company’s future profitability is expected to remain stable and sustainable due to the large market size of the wire and cable manufacturing industry, emerging opportunities from new industries, and ongoing investments in research and development [4] Cash Flow Discrepancy and Risk Analysis - There is a significant discrepancy between the net cash flow from operating activities and net profit, with negative cash flow in 2024 and the first half of 2025, primarily due to business expansion and a higher growth rate of receivables compared to payables [5] - The company shows improving accounts receivable and inventory turnover rates, indicating better inventory management and a low risk of deteriorating cash flow [5] Financial Investment Compliance - As of June 2025, the company's investment in a subsidiary is classified as a financial investment, but its book value is zero. The company has not made actual investments in its film subsidiary, as the related contributions are for bankruptcy liquidation purposes [6] Additional Information - No significant public opinion or media scrutiny has arisen that could affect the current stock issuance since its acceptance by the Shenzhen Stock Exchange [7]

针对这些问题，公司采取了多项整改措施。完成相关财务数据追溯调整及公告，对2018年会计差错进行 更正，涉及合并报表多项科目调整。积极配合监管调查，缴清罚款并更换时任董事及高管。通过诉讼厘 清历史遗留问题，完成摘帽。加强人员学习，提升规范运作意识。引入国有资本，优化治理结构，完善 内控制度。目前，相关违法违规行为已有效整改规范，内控制度健全并有效执行。 违规行为相关当事人均已在2018 - 2019年辞任，对公司经营无影响力。公司通过完善内控制度、加强人 员学习、控股股东出具承诺等措施，防范违规担保和资金占用，自2020年以来未再发生相关事项。 登录新浪财经APP 搜索【信披】查看更多考评等级 近日，远程电缆股份有限公司针对深圳证券交易所《关于远程电缆股份有限公司申请向特定对象发行股 票的审核问询函》进行了详细回复，就公司过往违法违规行为、资产转让、财务状况等多方面问题作出 说明，展现了公司在规范运作和经营发展上的积极进展。 过往违法违规行为整改与规范 2017 - 2019年间，远程电缆因未经审批的违规担保、财务核算不规范、信息披露违规等问题，受到深交 所和江苏证监局的纪律处分与行政处罚，累计被强制划扣3.2 ...

Core Viewpoint - The company has provided detailed responses to the Shenzhen Stock Exchange's inquiry regarding its stock issuance, addressing issues related to its sales promotion consultant model, gross profit margin, operating cash flow, and recognition of financial investments [1]. Sales Promotion Consultant Model - The company paid sales service fees to consultants amounting to 146.84 million, 127.91 million, and 152.01 million yuan during the reporting period. These consultants are primarily responsible for market channel development, assisting in contract signing, and payment collection [2]. - The reliance on local sales consultants is due to the widespread application of the cable industry and the need for experienced local representatives. This model has been historically established in the industry, and the company plans to expand its sales team starting at the end of 2023 [2]. - The sales promotion consultant model is considered reasonable and aligns with industry practices, with the company's service fees as a percentage of revenue being comparable to peers despite some variations [2]. Stability and Sustainability of Main Business Profitability - The company's gross profit margins during the reporting period were 10.93%, 10.92%, and 10.29%, showing a downward trend [3]. - The cable industry faces intense competition and price fluctuations in raw materials, with an overall gross margin of approximately 10%-12%. The company's gross margin is slightly below the average but comparable to some peers [3]. - The company focuses on specialty cables, which significantly influence its gross margin. Despite a stable product structure, the gross margins of major products have declined [3]. - The market for wire and cable manufacturing exceeds one trillion yuan, with emerging industries creating new demand. The company is expected to maintain stable and sustainable profitability due to its strong customer base, brand influence, and increased R&D investment [3]. Operating Cash Flow Situation - The net cash flow from operating activities for the company was 30.64 million, 76.43 million, and -59.59 million yuan during the reporting period, with the recent negative cash flow attributed to business expansion and an increase in operating receivables [4]. - The company has shown an upward trend in accounts receivable turnover and inventory turnover, indicating improved inventory management. The risk of deteriorating cash flow is considered low due to strong customer credit and collection capabilities [4]. - The recognition of financial investments is compliant with regulations, with the company's investment in Electric Science Chengding being classified as a financial investment with a book value of zero as of June 2025 [4].