每经AI快讯，有投资者在投资者互动平台提问：全球铜价飙升，请问贵公司生产是否大部分以铜为 主？成本是否大幅增长？公司是否有囤积铜或者应对成本增加的办法？ 通光线缆（300265.SZ）12月31日在投资者互动平台表示，铝、铜为公司生产所需的主要原材料，其中 铜用量相对铝用量较小。铝、铜价格的大幅波动会对公司原材料采购成本产生一定的影响，公司在经营 过程中通过开展套期保值业务，一定程度上降低原材料价格波动对公司正常生产经营的影响。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：全球铜价飙升，请问贵公司生产是否大部分以铜为 主？成本是否大幅增长？公司是否有囤积铜或者应对成本增加的办法？ 通光线缆（300265.SZ）12月31日在投资者互动平台表示，铝、铜为公司生产所需的主要原材料，其中 铜用量相对铝用量较小。铝、铜价格的大幅波动会对公司原材料采购成本产生一定的影响，公司在经营 过程中通过开展套期保值业务，一定程度上降低原材料价格波动对公司正常生产经营的影响。 （文章来源：每日经济新闻） ...

Core Viewpoint - Tongguang Cable (300265) has confirmed that its aerospace-grade high-temperature cables meet the requirements for airborne and aerospace equipment, capable of transmitting information and energy in harsh environments across various sectors including aerospace, aviation, naval, maritime, electronics, and armored vehicles [1] Group 1 - The company produces high-temperature cables suitable for aerospace applications [1] - The cables are designed to operate in demanding environments, ensuring reliable information and energy transmission [1] - The product range includes applications in aerospace, aviation, naval, maritime, electronics, and armored vehicles [1]

Core Viewpoint - Tongguang Cable (300265.SZ) is actively involved in the aerospace sector with its high-temperature resistant cables and has established a joint venture with Yangtze Optical Fibre to enhance its fiber optic cable production capabilities [1] Group 1: Product Applications - The company's high-temperature resistant cables are specifically designed for the aerospace industry [1] - The robot cables produced by the company's subsidiary are primarily used in industrial automation [1] Group 2: Joint Ventures and Collaborations - The company has formed a joint venture with Yangtze Optical Fibre, focusing on the research, development, production, and sales of fiber optic cables [1] - Teams from both companies have officially commenced work on the joint venture [1]

格隆汇12月31日丨通光线缆(300265.SZ)在投资者互动平台表示，公司光纤光缆产品主要应用于光通信 领域。 ...

Investment Rating - The report maintains an "Overweight" rating for the electric power equipment and new energy industry [2] Core Insights - The demand for grid equipment is expected to increase due to domestic and international resonance, driven by significant investments in smart grids, west-to-east power transmission, and urban-rural grid upgrades [2][4] - The cumulative investment in national grid projects reached 560.4 billion yuan from January to November 2025, reflecting a year-on-year increase of 5.9% [4][38] - The export value of domestic transformers reached 8.08 billion USD from January to November 2025, marking a year-on-year growth of 35.19% [4][59] Summary by Sections Market Review - As of December 25, 2025, the electric power equipment industry rose by 2.10% over the past two weeks, outperforming the CSI 300 index by 0.11 percentage points [11] - The wind power equipment sector increased by 4.37%, while the photovoltaic equipment sector rose by 1.59% [11][19] Valuation and Industry Data - The PE (TTM) ratio for the electric power equipment sector is 33.43 times, with sub-sectors like motors at 59.57 times and photovoltaic equipment at 30.07 times [4][24] - The report highlights that the demand for high-efficiency, energy-saving, and environmentally friendly transformers will dominate the future market [4][46] Industry News - The rapid development of artificial intelligence in the U.S. is driving the construction of large-scale data centers, which require high-performance transformers for stable and efficient power supply [4][56] - The report suggests focusing on leading new energy companies with technological and scale advantages [4][60]

Group 1 - The core viewpoint of the news is that Tongguang Cable has shown significant stock performance, with a year-to-date increase of 74.33% and a recent rise of 6.98% over the last five trading days [1] - As of December 26, the stock price of Tongguang Cable is 14.26 yuan per share, with a market capitalization of 6.668 billion yuan [1] - The company has experienced net outflows of main funds amounting to 19.62 million yuan, with large orders showing a buy of 82.39 million yuan and a sell of 97.14 million yuan [1] Group 2 - Tongguang Cable, established on January 29, 2002, specializes in the research, production, and sales of special cables, primarily for high, ultra-high, and extra-high voltage power transmission lines [2] - The company's revenue composition includes 53.05% from power transmission cables, 26.84% from fiber optic cables, 14.16% from equipment cables, and 5.95% from other sources [2] - As of September 30, the number of shareholders is 33,700, a decrease of 8.40%, while the average circulating shares per person increased by 9.21% [2] Group 3 - Since its A-share listing, Tongguang Cable has distributed a total of 175 million yuan in dividends, with 64.12 million yuan distributed over the past three years [3]

宏盛华源是国内输电线路铁塔制造行业的"国家队"，主要从事输电线路铁塔的研发、生产和销售，主要 产品为全系列电压等级的输电线路铁塔，包括角钢塔、钢管塔、钢管杆、变电构支架及通信塔、钢构 件、热浸镀锌防腐业务。 从经营业绩看，宏盛华源前三季度营业收入73.43亿元，同比下降3.10%；归母净利润2.83亿元，同比增 长58.54%。第三季度实现营业收入24.38亿元，同比下降0.09%；归母净利润8463.55万元，同比增长 9.27%。 来源：证券时报 证券时报记者 曹晨 12月25日晚间，宏盛华源（601096）公告，国家电网有限公司发布了《国家电网有限公司2025年第八十 八批采购（输变电项目第六次线路装置性材料招标采购）推荐的中标候选人公示》《国家电网有限公司 2025年第八十九批采购（输变电项目第二次35—330千伏材料协议库存招标采购）推荐的中标候选人公 示》。公司下属子公司合计预中标27个标包，预中标金额约5.69亿元，约占公司2024年营业收入的 5.61%。 对此，宏盛华源表示，上述项目中标后，其合同的签订和履行对公司经营业绩具有积极影响，项目的中 标不影响公司业务的独立性，不会因履约合同而对合 ...

水井坊澄清："某酒企拟收购水井坊"报道不属实；百纳千成：拟取得众联世纪100%股份 26日起复牌； *ST建艺：获控股股东债务豁免及现金捐赠；毅昌科技：实控人拟变更为滁州市国资委 26日起复牌；紫 光国微：全资子公司拟与宁德时代子公司等共同设立新公司从事汽车域控芯片业务；中鼎股份：拟设立 合资公司开展人形机器人制造代工业务；天铁科技：控股股东、实控人许吉锭被采取强制措施…… 今日看点 ▼聚焦二：百纳千成：拟取得众联世纪100%股份 26日起复牌 公司拟通过发行股份及支付现金的方式直接及间接取得厦门众联世纪股份有限公司（以下简称"众联世 纪"）100%股份，并向不超过35名特定投资者发行股份募集配套资金。截至目前，本次交易相关的审 计、评估工作尚未完成，标的资产的估值及定价尚未最终确定。根据标的企业未经审计的财务数据初步 判断，本次交易预计构成上市公司重大资产重组。 公告显示，众联世纪是一家专业的数字化智能化营销综合服务商，依托自研的全场景全链路营销技术服 务系统，为客户提供优质的一站式数字化智能化营销解决方案，已成为通信行业数字营销的头部服务商 之一，并逐步将业务拓展至金融、电商等行业。公司表示，通过本次交易 ...

Group 1 - Guangdong Construction signed an EPC contract worth 416 million yuan, with a total construction area of 99,595.6 square meters and a construction period of 640 calendar days [1] - Hekang New Energy's subsidiary received a government subsidy of 6 million yuan, accounting for 58.27% of the company's latest audited net profit attributable to shareholders [2] - Jinbei Automotive signed a memorandum of understanding with E-Works to establish a research and development center for electric light commercial vehicles [3] Group 2 - Hongsheng Huayuan is expected to win approximately 569 million yuan in procurement projects from the State Grid, which represents about 5.61% of the company's projected revenue for 2024 [4] - Zhongding Co. plans to establish a joint venture for humanoid robot manufacturing with a registered capital of 50 million yuan [5] - Kede CNC's new factory in Shenyang is expected to achieve an annual production capacity of about 60 units [6] Group 3 - Hongbo Pharmaceutical's share transfer price is set at 25.27 yuan per share [7] - ST Jinglan plans to sign a letter of intent for the acquisition of Xinlian Environmental Technology Co., enhancing its core technology competitiveness [8][9] - Hato Co. announced the resignation of its general manager due to job relocation [10] Group 4 - Meibang Co. plans to apply for a new bank credit line of up to 160 million yuan [11] - Southern Media's general manager resigned due to job relocation [12] - Dalian Electric Porcelain's subsidiary is expected to win procurement projects from the State Grid worth approximately 70.7 million yuan [13] Group 5 - Sinopharm Modern's subsidiary received a drug registration certificate for a new medication [14] - ST Meigu plans to implement a capital reserve transfer to increase share capital, leading to a one-day stock suspension [15] - Ruisheng Intelligent confirmed a transaction of 152 million yuan for domestic computing equipment procurement [16] Group 6 - Jinguang Electric won three procurement packages from the State Grid, totaling 37.43 million yuan [17] - Guangju Energy increased its stake in Mawan Power to 14.42% by acquiring an 8% share for 680 million yuan [18][19] - ST Lingda announced a stock suspension due to capital reserve transfer related to its restructuring plan [20] Group 7 - Suli Co. plans to increase its investment in Suli Ningxia by 76.63 million yuan [21] - Dalian Shengya's subsidiary plans to reduce its registered capital by 32.37 million yuan [22] - Yinxin Technology received a cash dividend of 11.05 million yuan from its subsidiary [23] Group 8 - Haike New Source signed a three-year supply agreement for 270,000 tons of electrolyte materials [24] - Xinhua Medical received registration certificates for several medical devices [25] - Wantai Bio received a registration certificate for an HIV antibody testing kit [26] Group 9 - Beilu Pharmaceutical obtained a drug registration certificate for a new erectile dysfunction treatment [31] - Zhongwei Company is planning to issue shares to acquire assets, leading to a stock suspension [32] - Zhejiang Haideman plans to purchase land for strategic development, with a budget of up to 260 million yuan [33] Group 10 - Ningbo Ocean announced the resignation of its deputy general manager due to job adjustments [34] - Tongguang Cable is expected to win procurement projects from the State Grid worth over 139 million yuan [35]

转自：证券时报 人民财讯12月25日电，通光线缆(300265)12月25日公告，全资子公司通光强能、通光光缆预中标国家电 网有限公司2025年第八十八批采购（输变电项目第六次线路装置性材料招标采购）、国家电网有限公司 2025年第八十九批采购（输变电项目第二次35-330千伏材料协议库存招标采购），中标金额合计1.39亿 元，约占2024年营业收入总额的5.36%。 ...