Core Viewpoint - Tongguang Cable (300265.SZ) announced that its wholly-owned subsidiaries, Jiangsu Tongguang Qiangneng Transmission Line Technology Co., Ltd. and Jiangsu Tongguang Optical Cable Co., Ltd., have recently participated in the "State Grid Corporation of China 2025 65th Batch Procurement (Fifth Bid for Transmission and Transformation Project Line Installation Materials)" and have a pre-bid amount totaling approximately 138 million yuan [1] Summary by Category - **Company Participation** - The subsidiaries of Tongguang Cable are involved in a significant procurement process by the State Grid Corporation of China [1] - **Financial Implications** - The total pre-bid amount for the company’s subsidiaries is approximately 138 million yuan [1]

Core Insights - Tongguang Cable's wholly-owned subsidiaries, Tongguang Qiangneng and Tongguang Cable, have been announced as candidates for the 65th batch of procurement by State Grid Corporation of China for 2025, specifically for the fifth round of bidding for transmission and transformation project materials [1] Summary by Categories Procurement Details - Tongguang Qiangneng is expected to win bids for energy-saving conductors and conventional conductors, with bid amounts of 99.65 million yuan and 19.28 million yuan respectively [1] - Tongguang Cable is anticipated to win a bid for OPGW cables, with a bid amount of 18.87 million yuan [1] - The total expected bid amount is approximately 138 million yuan [1] Financial Impact - The expected bid amount represents about 5.31% of the company's audited total revenue for 2024, indicating a positive impact on future operating performance [1] Current Status - The projects are currently in the pre-bid announcement stage, and there remains uncertainty regarding the finalization of actual orders [1]

Core Viewpoint - Tongguang Cable (300265) announced its subsidiaries Tongguang Qiangneng and Tongguang Cable participated in the State Grid Corporation of China's procurement for transmission and transformation projects, indicating a significant business opportunity for the company [1] Summary by Category Company Developments - Tongguang Qiangneng is expected to win a bid for energy-saving wires worth 99.65 million yuan (approximately 14.1 million USD) and conventional wires worth 19.28 million yuan (approximately 2.7 million USD) [1] - Tongguang Cable is anticipated to win a bid for OPGW cables valued at 18.87 million yuan (approximately 2.7 million USD) [1] Financial Impact - The total expected contract value of 138 million yuan (approximately 19.5 million USD) represents about 5.31% of the company's audited revenue for 2024 [1]

一、中标项目概况 1、项目名称： 国家电网有限公司 2025 年第六十五批采购（输变电项目第五次线路装置性 材料招标采购） 证券代码：300265 证券简称：通光线缆 编号：2025-074 江苏通光电子线缆股份有限公司 重大合同预中标提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 风险提示：本次重大合同尚处于预中标公示阶段（公示期自 2025 年 11 月 3 日起 3 日），最终形成实际订单并完成交货，仍然存在一定的不确定性和风险。 敬请广大投资者谨慎决策，注意防范投资风险。 江苏通光电子线缆股份有限公司（以下简称"公司"）全资子公司江苏通光 强能输电线科技有限公司（以下简称"通光强能"）、江苏通光光缆有限公司（以 下简称"通光光缆"），于近日参与了"国家电网有限公司 2025 年第六十五批采 购（输变电项目第五次线路装置性材料招标采购）"，招标人为国家电网有限公司。 2025 年 11 月 3 日，国家电网有限公司电子商务平台（https://ecp.sgcc.com.cn/ecp 2.0/portal/）发布了相关的中标候选人公示。现将具体预中 ...

Core Points - Tongguang Cable announced that the "Tongguang Convertible Bonds" began conversion on May 8, 2020, with a total of 337,500,000 shares issued before the conversion started [2] - As of October 29, 2025, a total of 34,806,185 shares have been converted, representing 10.31% of the total shares issued prior to the conversion [2] - There are still 200,760 "Tongguang Convertible Bonds" that have not been converted, which accounts for 6.76% of the total issuance of 2,970,000 bonds [2]

| 证券代码：300265 | 证券简称：通光线缆 | 编号：2025-073 | | --- | --- | --- | | 债券代码：123034 | 债券简称：通光转债 | | 江苏通光电子线缆股份有限公司 关于通光转债转股数额累计达到转股前 公司已发行股份总额10%的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、截至2025年10月29日收盘，江苏通光电子线缆股份有限公司（以下简称 "公司"）于2019年公开发行的可转换公司债券"通光转债"（债券代码：123034， 以下简称"可转债"）累计转股数量为34,806,185股，占可转债开始转股前公司 已发行股份总额337,500,000股的10.31%。 2、截至2025年10月29日收盘，公司尚有200,760张"通光转债"未转股，占 公司可转债发行总量2,970,000张的6.76%。 （三）可转债转股期限及初始转股价格 根据《深圳证券交易所创业板股票上市规则》等相关规定和《江苏通光电子 线缆股份有限公司创业板公开发行可转换公司债券募集说明书》（以下简称"募 集说明书"）的有关约定 ...

Core Viewpoint - Several convertible bonds are experiencing significant declines as they approach their last trading days, highlighting the importance of understanding the details and investment risks associated with these bonds [1][2]. Summary by Sections Convertible Bond Performance - Tongguang Convertible Bond fell by 5.29% on October 29, following a 16.06% drop on October 28, marking four consecutive days of decline. October 29 is its last trading day, with forced redemption at 113 RMB per bond if not converted by November 3, leading to a potential loss of 6.3% based on the closing price of 120.602 RMB [3][4]. - Fushi Convertible Bond closed at 137.805 RMB, down approximately 17% from its historical high in September. It also has its last trading day on October 29, with forced redemption at 100.19 RMB per bond, resulting in a potential loss of 27.30% if not converted [4]. - Changji Convertible Bond has been declining since an early redemption announcement on October 14, with a current price of 117.358 RMB. If not redeemed by November 3, it will be redeemed at 101.151 RMB, leading to a potential loss of 13.81% [5]. - Enjie Convertible Bond has dropped 20.58% from its October high of 160.8 RMB, currently priced at 127.714 RMB. If not converted by the last trading day on October 30, it will be redeemed at 101.44 RMB, resulting in a loss of 20.57% [5]. Market Trends - Despite the overall decline in many convertible bonds, some have shown resilience and even increased in value due to the strong performance of the equity market [6]. Important Considerations - Investors holding convertible bonds nearing their last trading days should consider options such as selling, waiting for redemption, or converting to stocks. Companies typically remind bondholders to convert before trading stops [8]. - For convertible bonds issued by companies on the ChiNext board, investors must have the appropriate trading permissions to convert their bonds into stocks, highlighting the risk of being unable to convert [8]. - Upcoming convertible bonds entering their last trading days include Niutai Convertible Bond on October 30, Chunqiu Convertible Bond on November 3, Sheng24 Convertible Bond on November 10, Chenfeng Convertible Bond on November 17, and Hengbang Convertible Bond on November 24 [8].

Group 1 - The core point of the article is that Tongguang Cable reported a decline in revenue for the third quarter of 2025, while net profit showed significant growth compared to the previous year [1] Group 2 - In the third quarter of 2025, the company achieved operating revenue of 682,146,185.20 yuan, representing a year-on-year decrease of 9.88% [1] - The net profit attributable to shareholders of the listed company was 14,443,066.70 yuan, reflecting a year-on-year increase of 73.70% [1]

Core Viewpoint - Tongguang Cable (300265.SZ) reported a slight increase in revenue for the first three quarters of 2025, but experienced a significant decline in net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.91 billion yuan, reflecting a year-on-year growth of 0.29% [1] - The net profit attributable to shareholders was 32.13 million yuan, representing a year-on-year decrease of 38.19% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 24.78 million yuan, down 45.57% year-on-year [1] - Basic earnings per share stood at 0.07 yuan [1]

| 证券代码：300265 | 证券简称：通光线缆 | 编号：2025-072 | | --- | --- | --- | | 债券代码：123034 | 债券简称：通光转债 | | 江苏通光电子线缆股份有限公司 关于 2025 年前三季度计提信用减值准备和资产减值准备的 公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 江苏通光电子线缆股份有限公司（以下简称"公司"）为真实反映公司的财 务状况、资产价值及经营情况，根据《企业会计准则》等相关规定，基于谨慎性 原则，对合并报表范围内截至 2025 年 9 月 30 日的各类应收款项、存货、固定资 产、长期股权投资、在建工程、无形资产等资产进行了减值测试，判断存在可能 发生减值的迹象，对可能发生减值损失的相关资产计提了减值准备。 根据《深圳证券交易所创业板股票上市公司规则》等相关规定，本次计提减 值准备无需提交公司董事会或股东会审议。现将具体情况公告如下： 一、本次计提信用减值准备和资产减值准备情况概述 根据评估和分析的结果判断，计提 2025 年前三季度各项信用减值准备和资 产减值准备共计 30,289,404 ...