Group 1 - Company Tongguang Cable reported Q3 performance with revenue of approximately 1.91 billion yuan for the first three quarters of 2025, an increase of 0.29% year-on-year [1] - The net profit attributable to shareholders was approximately 32.13 million yuan, a decrease of 38.19% year-on-year [1] - Basic earnings per share were 0.07 yuan, down 36.36% year-on-year [1] Group 2 - As of the report, Tongguang Cable's market capitalization stands at 4.4 billion yuan [2]

Core Insights - The company reported a third-quarter revenue of 682 million, a year-on-year decrease of 9.88% [1] - Net profit for the third quarter was 14.44 million, showing a year-on-year increase of 73.70% [1] - For the first three quarters, the company achieved a revenue of 1.91 billion, reflecting a year-on-year growth of 0.29% [1] - Net profit for the first three quarters was 32.13 million, which represents a year-on-year decline of 38.19% [1]

Financial Performance - The company's revenue for Q3 2025 was ¥682,146,185.20, a decrease of 9.88% compared to the same period last year[5] - Net profit attributable to shareholders was ¥14,443,066.70, an increase of 73.70% year-over-year[5] - The net profit after deducting non-recurring gains and losses was ¥7,007,889.26, up by 0.61% from the previous year[5] - Total operating revenue for the current period reached ¥1,909,687,132.88, slightly up from ¥1,904,079,626.97 in the previous period[21] - The company's operating profit for the current period is CNY 27,583,258.14, compared to CNY 71,026,769.65 in the previous period, reflecting a significant decrease[22] - The net profit attributable to shareholders of the parent company is CNY 32,133,371.75, down from CNY 51,987,977.82, indicating a decline of approximately 38.3%[22] - The total comprehensive income for the current period is CNY 47,790,381.63, compared to CNY 54,032,892.69 in the previous period, showing a decrease of about 11.5%[22] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was ¥47,372,193.98, showing a significant increase of 147.33%[5] - Cash flow from operating activities generated a net inflow of CNY 47,372,193.98, a recovery from a net outflow of CNY -100,093,323.21 in the previous period[23] - The company reported cash inflows from financing activities of CNY 557,826,942.09, an increase from CNY 517,909,318.71 in the previous period[24] - Cash and cash equivalents at the end of the period totaled CNY 330,147,977.69, compared to CNY 293,451,472.94 at the end of the previous period, reflecting an increase[24] - The company incurred a net cash outflow from investing activities of CNY -98,946,808.90, compared to CNY -360,860,275.49 in the previous period, indicating a reduction in cash outflow[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,553,477,175.81, reflecting a growth of 2.79% from the end of the previous year[5] - Total liabilities increased to ¥1,249,340,370.77 from ¥1,187,632,758.84, which is an increase of approximately 5.2%[19] - The company's equity attributable to shareholders was ¥2,272,092,024.73, an increase of 1.56% compared to the previous year-end[5] - The company's equity attributable to shareholders rose to ¥2,272,092,024.73 from ¥2,237,203,257.80, reflecting an increase of about 1.6%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,721[12] - The largest shareholder, Tongguang Group Co., Ltd., holds 39.88% of shares, totaling 182,830,000 shares[12] - Zhang Zhong, a significant shareholder, holds 3.44% of shares, amounting to 15,780,201 shares, with 10,000,000 shares pledged[12] - The top ten shareholders hold a significant portion of shares, with the top shareholder alone holding nearly 40%[12] - The company has not disclosed any related party relationships among shareholders[12] Joint Ventures and Investments - The company plans to establish a joint venture with Changfei Fiber Optic Co., Ltd., contributing RMB 600 million, with a 56.5% stake[15] - The registered capital of the joint venture is RMB 600 million, with the company’s contribution being RMB 339 million[15] Stock and Bonds - The convertible bond "Tongguang Convertible Bond" will mature on November 3, 2025, with a conversion price of RMB 7.88 per share[16] - The company’s stock will stop trading on October 30, 2025, before the conversion period ends[16] - The company has 299,625 shares under lock-up, which will be released according to the annual release schedule[14] Operating Costs and Expenses - Total operating costs increased to ¥1,863,107,679.35 from ¥1,832,146,644.04, with operating costs specifically rising to ¥1,613,490,225.69[21] - Research and development expenses for the current period were ¥77,716,386.58, compared to ¥76,514,507.68 in the previous period, indicating a slight increase[21] - The company experienced a 39.68% decrease in net profit for the year-to-date compared to the previous year, primarily due to reduced government subsidies and a decline in gross margin[10] - The total profit for the year-to-date was ¥27,056,707.61, down 61.42% year-over-year, attributed to reduced government subsidies and a decline in overall gross margin[9] Other Financial Metrics - The weighted average return on net assets was 0.64% for the current period, a slight increase from the previous period[5] - The company reported a significant decrease in interest income by 58.46% to ¥1,011,228.11 due to reduced fundraising interest[9] - Accounts receivable rose to ¥1,293,506,564.75 from ¥1,206,840,703.93, reflecting an increase of about 7.2%[18] - Inventory increased significantly to ¥323,866,211.24 from ¥230,635,414.78, marking an increase of approximately 40.4%[18] - Deferred income tax assets increased to ¥52,936,421.13 from ¥43,215,122.24, showing a growth of approximately 22.1%[19] - The company's basic earnings per share decreased to CNY 0.07 from CNY 0.11 in the previous period, representing a decline of approximately 36.4%[22] - The total operating revenue from sales of goods and services was CNY 1,878,431,865.24, an increase from CNY 1,640,470,840.31 in the previous period, reflecting a growth of about 14.5%[23]

| 证券代码：300265 | 证券简称：通光线缆 | 编号：2025-068 | | --- | --- | --- | | 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 关于通光转债到期兑付及摘牌的公告 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、"通光转债"到期日和兑付登记日：2025年11月3日 2、"通光转债"到期兑付价格：113元人民币/张（含税及最后一期利息） 3、"通光转债"到期兑付资金发放日：2025年11月4日 4、"通光转债"最后交易日：2025年10月29日 5、"通光转债"停止交易日：2025年10月30日 6、"通光转债"最后转股日：2025年11月3日 7、"通光转债"摘牌日：2025年11月4日 8、截至2025年11月3日收市后仍未转股的"通光转债"将被强制赎回；本次 赎回完成后，"通光转债"将在深圳证券交易所摘牌。特此提醒"通光转债"持 有人注意在转股期内转股。 9、在停止交易后、转股期结束前（即2025年10月30日至2025年11月3日）， "通光转债"持有人仍可以 ...

Core Points - Tongguang Cable announced that the "Tongguang Convertible Bonds" will be forcibly redeemed after the market closes on November 3, 2025, if not converted [1] - Following the redemption, the "Tongguang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1] - Bondholders are reminded to convert their bonds into company shares during the conversion period [1] - The conversion period ends on November 3, 2025, with the conversion price set at 7.88 yuan per share [1]

2、"通光转债"到期兑付价格：113元人民币/张（含税及最后一期利息） 3、"通光转债"最后交易日：2025年10月29日 4、"通光转债"停止交易日：2025年10月30日 | 证券代码：300265 | 证券简称：通光线缆 | 编号：2025-067 | | --- | --- | --- | | 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 关于通光转债即将到期及停止交易的第五次提示性公告 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。 特别提示： 1、"通光转债"到期日和兑付登记日：2025年11月3日 5、"通光转债"最后转股日：2025年11月3日 根据《募集说明书》的约定，在本次发行的可转换公司债券期满后五个交易 日内，公司将以本次发行的可转债票面面值的113%（含最后一期利息）的价格向 投资者赎回全部未转股的可转债。"通光转债"到期合计兑付113元人民币/张（含 税及最后一期利息）。 三、可转换公司债券停止交易相关事项说明 根据《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》 规定，上市公 ...

Core Viewpoint - Tongguang Cable announced that the "Tongguang Convertible Bonds" will be forcibly redeemed after the market closes on November 3, 2025, if they have not been converted into shares by that date, and the bonds will be delisted from the Shenzhen Stock Exchange after the redemption [1] Summary by Relevant Sections - Announcement Details - The company has issued a notice regarding the forced redemption of the "Tongguang Convertible Bonds" [1] - Holders of the bonds are reminded to convert their bonds into shares during the conversion period [1]

人民财讯10月20日电，通光线缆（300265）10月20日发布可转债交易异常波动公告，"通光转债"近期价 格波动较大，2025年10月20日盘中涨幅达17.85%，当日收盘涨幅12.59%，换手率2102.49%。最近2个交 易日，累计涨幅达到35.11%。截至10月20日，"通光转债"价格为181.05元/张，"通光转债"按照当前转股 价格转换后的价值为121.32元(转股价值)，可转债价格相对于转股价值溢价49.23%。当前"通光转债"存 在较大的估值风险。"通光转债"到期日为2025年11月3日，最后一个交易日为2025年10月29日。 ...

通光线缆公告，公司可转债交易价格连续2个交易日（2025年10月17日、10月20日）内日收盘价格涨幅 偏离值累计达到30%。截至2025年10月20日，"通光转债"价格为181.05元/张，"通光转债"按照当前转股 价格转换后的价值为121.32元，可转债价格相对于转股价值溢价49.23%。公司目前的经营情况及内外部 经营环境未发生重大变化，不存在导致可转债价格异常波动的重大信息或者重大风险事项。 ...

| 证券代码：300265 | 证券简称：通光线缆 | 编号：2025-065 | | --- | --- | --- | | 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 关于通光转债即将到期及停止交易的第四次提示性公告 4、"通光转债"停止交易日：2025年10月30日 5、"通光转债"最后转股日：2025年11月3日 6、截至2025年11月3日收市后仍未转股的"通光转债"将被强制赎回；本次 赎回完成后，"通光转债"将在深圳证券交易所摘牌。特此提醒"通光转债"持 有人注意在转股期内转股。 7、在停止交易后、转股期结束前（即2025年10月30日至2025年11月3日）， "通光转债"持有人仍可以依据约定的条件，将"通光转债"转换为公司股票， 目前转股价格为7.88元/股。 一、可转换公司债券基本情况 经中国证券监督管理委员会"证监许可【2019】1315号"文核准，公司于2019 年11月4日公开发行了297万张可转换公司债券，每张面值100元，发行总额2.97 亿元，存续期限6年，即自2019年11月4日至2025年11月3日。 本公司及董事会全体成员保证公告内 ...