Group 1 - ST Xinchao is unable to disclose its audited annual report for 2024 and Q1 2025 by the legal deadline, leading to a stock suspension starting May 6, 2025. If the report is not disclosed within two months, the stock will face delisting risk warning [3] - Wolong Real Estate plans to change its stock name to "Wolong New Energy" to align with national "dual carbon" policies and to explore new profit growth points in the renewable energy sector [4] - Dongzhu Ecology clarifies that it only holds a 10% stake in Dilos AI Technology and has no substantial business cooperation with it, as Dilos is still in its early stages of development [5] Group 2 - Haitian Flavor Industry has received approval from the China Securities Regulatory Commission for its H-share issuance, planning to issue up to 710.52 million shares for listing on the Hong Kong Stock Exchange, though uncertainties remain [6] - Jiawei New Energy's controlling shareholder received a warning letter from the Shenzhen Securities Regulatory Bureau for failing to fulfill a commitment to increase shareholding by at least 60 million yuan [7] - Fudan Zhangjiang will reduce the market retail price of its Doxorubicin Liposome Injection by no less than 35% starting May 1, 2025, which may negatively impact its sales revenue and lead to potential losses for this product in 2025 [8] Group 3 - Tongguang Cable is a pre-selected candidate for two procurement projects from the State Grid Corporation, with a total expected bid amount of 142 million yuan, representing approximately 5.49% of the company's total revenue for 2024 [12]

| 证券代码：300265 | 证券简称：通光线缆 编号：2025-033 | | --- | --- | | 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 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。 3、中标金额及具体内容： | 项目名称 | 物资品类 | 推荐的中 标候选人 | 中标金额 （万元） | 包号 | | | --- | --- | --- | --- | --- | --- | | 年第十三批采 国家电网有限公司2025 | 导地线 | 通光强能 | 11504 | 包22、包29、 | | | 购（输变电项目第二次线路装置性材 | | | | 包 50、包 | 84 | | 料招标采购） | 光缆 | 通光信息 | 1023 | 包 9 | | | 国家电网有限公司2025 年第十四批采 | | | | | | | 购（输变电项目第一次 35-330 千伏材 | 导地线 | 通光强能 | 1707 | 包 7 | | | 料协议库存招标采购） | | | | | | | 合计 | ...

Financial Performance - In 2024, the company achieved a sales revenue of 259,283.11 million CNY and a net profit attributable to shareholders of 4,687.22 million CNY [2] - For Q1 2025, the company reported a sales revenue of 39,625.02 million CNY and a net profit of 558.49 million CNY [2] Risk Management - The company has significant guarantees that are primarily for subsidiaries within the consolidated financial statements, which do not pose a risk [1] - For upcoming guarantees, the company has made financial arrangements to ensure timely repayment, mitigating any major impact on financial status [2] Industry Outlook - The ongoing promotion of 5G applications and stable growth in national defense budgets are expected to drive the development of the domestic wire and cable industry [2] - The wire and cable industry is crucial for national economic development, with applications in power, communication, military, civil aviation, and renewable energy sectors [3] Competitive Advantages - The company focuses on special cables and has participated in drafting various industry standards, establishing a complete independent intellectual property system [3] - Recognized as one of the top ten competitive enterprises in China's optical fiber and cable industry, the company is a key supplier for major state-owned enterprises and research institutions [3] Accounts Receivable Management - The company has seen an increase in credit impairment losses on accounts receivable by 576.26 million CNY and is implementing measures to strengthen collection management [3]

2025年4月26日，通光线缆(300265.SZ)发布2025年一季报。 公司营业总收入为3.96亿元，在已披露的同业公司中排名第39，较去年同报告期营业总收入减少5912.86万元，同比较去年同期下降12.98%。归母净利润为 558.49万元，在已披露的同业公司中排名第52，较去年同报告期归母净利润减少546.72万元，同比较去年同期下降49.47%。经营活动现金净流入为-4750.32 万元。 公司最新资产负债率为33.32%，较去年同期资产负债率增加1.79个百分点。 公司最新毛利率为19.35%，在已披露的同业公司中排名第40。最新ROE为0.25%，在已披露的同业公司中排名第55，较去年同期ROE减少0.24个百分点。 公司摊薄每股收益为0.01元，在已披露的同业公司中排名第55，较去年同报告期摊薄每股收益减少0.01元，同比较去年同期下降50.00%。 公司最新总资产周转率为0.12次，在已披露的同业公司中排名第39，较去年同期总资产周转率减少0.02次，同比较去年同期下降12.76%。最新存货周转率为 1.09次，较去年同期存货周转率减少0.16次，同比较去年同期下降12.94%。 | 序号 ...

Performance Overview - The total revenue of Tongguang Cable in Q1 2025 was 396 million yuan, a decrease of 12.98% compared to the same period last year [1] - The net profit attributable to the parent company was 5.58 million yuan, down 49.47% year-on-year [1] - The net profit after deducting non-recurring items was 4.26 million yuan, a decline of 33.7% year-on-year [1] Profitability Analysis - The company's gross margin was 19.35%, an increase of 22.18% year-on-year [2] - However, the net profit margin was only 1.69%, a decrease of 37.55% year-on-year, indicating challenges in cost and expense control [2] Expense Control - Total expenditures on sales, management, and financial expenses amounted to 46.77 million yuan, accounting for 11.8% of total revenue, an increase of 13.26% year-on-year [3] Cash Flow and Debt - As of the end of the reporting period, the company's cash and cash equivalents were 354 million yuan, a decrease of 12.09% year-on-year [4] - Accounts receivable reached 1.163 billion yuan, representing 2481.81% of the latest annual net profit, indicating significant pressure in accounts receivable management [4] - Interest-bearing debt was 511 million yuan, an increase of 24.52% year-on-year, indicating a heavier debt burden [4] Per Share Metrics - The net asset per share was 4.86 yuan, a decrease of 0.95% year-on-year [5] - Earnings per share were 0.01 yuan, down 50.0% year-on-year [5] - Operating cash flow per share was -0.1 yuan, although it improved by 34.63% year-on-year, it remains negative, indicating significant cash outflow from operations [5] Business Model and Capital Return - The company's performance primarily relies on R&D, marketing, and equity financing [6] - The last year's Return on Invested Capital (ROIC) was 2.38%, indicating weak capital returns, with a net profit margin of 2%, suggesting low added value of products or services [6] Summary - Overall, Tongguang Cable's financial performance in Q1 2025 was unsatisfactory, particularly in terms of profitability and cash flow [7] - The company needs to focus on managing accounts receivable and improving cash flow to ensure sustainable development in the future [7]

| | | 江苏通光电子线缆股份有限公司 特此公告。 2025 年第一季度报告披露提示性公告 江苏通光电子线缆股份有限公司董事会 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"）于 2025 年 4 月 24 日 召开第六届董事会第十一次会议和第六届监事会第十一次会议，分别审议通过了 《关于公司<2025 年第一季度报告>的议案》。 公司《2025 年第一季度报告》已于 2025 年 4 月 26 日在中国证监会指定的 创业板信息披露网站上披露，请投资者注意查阅。 2025 年 4 月 26 日 ...

| 证券代码：300265 | 证券简称：通光线缆 | 编号：2025-032 | | --- | --- | --- | | 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 第六届监事会第十一次会议决议公告 本公司及监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、误导性陈述或者重大遗漏。 江苏通光电子线缆股份有限公司（以下简称"公司"）第六届监事会第十一 次会议于 2025 年 4 月 24 日下午 3 点在公司三楼会议室以现场表决方式召开。本 次会议的通知于 2025 年 4 月 14 日以书面、通讯方式通知全体监事。会议应参加 表决监事3名，实际参加表决监事3名，会议由公司监事会主席徐雪平先生主持。 本次会议的通知、召开以及参会监事人数均符合相关法律、法规、规则及《公司 章程》的有关规定。会议经过认真审议，形成如下决议： 一、审议通过《关于公司<2025年第一季度报告>的议案》 与会监事一致认为公司编制和审核《2025 年第一季度报告》的程序符合相 关法律、法规的规定，报告内容真实、准确、完整地反映了公司 2025 年第一季 度经营的实际情况，不存在任 ...

| 证券代码：300265 | 证券简称：通光线缆 | 编号：2025-029 | | --- | --- | --- | | 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 一、审议通过《关于公司<2025年第一季度报告>的议案》 公司《2025年第一季度报告》全文详见中国证监会指定的创业板信息披露网 站。相关财务信息已经公司审计委员会审议并取得了明确同意的意见。 表决结果：7票赞成、0票反对、0票弃权。 特此公告。 江苏通光电子线缆股份有限公司董事会 2025 年 4 月 25 日 第六届董事会第十一次会议决议公告 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"）第六届董事会第十一 次会议于2025年4月24日下午1点30分在公司会议室以现场结合通讯表决方式召 开。本次会议的通知于2025年4月14日以书面、通讯方式通知全体董事。本次会 议应出席董事7名，实际出席董事7名，本次会议的通知、召开以及参会董事人数 均符合相关法律、法规、规则及《公司章程》的有关规定。本次董事会由公 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥396,250,205.74, a decrease of 12.98% compared to ¥455,378,807.05 in the same period last year[5] - Net profit attributable to shareholders was ¥5,584,851.52, down 49.47% from ¥11,052,008.52 year-on-year[5] - Basic earnings per share decreased by 50.00% to ¥0.01 from ¥0.02 in the same period last year[5] - The total profit for the period was ¥6,730,781.73, down 58.41% from ¥16,183,002.70 year-on-year, primarily due to decreased sales and government subsidies[10] - Net profit for the period was ¥6,702,600.49, down from ¥12,335,011.22, indicating a decline of approximately 45.4% year-over-year[22] - The net profit attributable to the parent company was ¥5,584,851.52, compared to ¥11,052,008.52 in the previous period, a decrease of around 49.5%[22] Cash Flow and Liquidity - The net cash flow from operating activities improved by 34.63%, reaching -¥47,503,158.47 compared to -¥72,669,238.75 in the previous year[5] - Operating cash inflow for the current period was $491,290,654.96, an increase of 13.5% from $432,693,883.36 in the previous period[24] - Cash flow from investment activities resulted in a net outflow of -$45,138,533.01, compared to -$238,001,372.32 in the previous period, indicating a significant reduction in investment losses[24] - Cash inflow from financing activities was $151,591,162.09, slightly down from $159,275,000.00 in the previous period[25] - The ending cash and cash equivalents balance was $302,816,933.51, down from $348,470,748.63 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,404,563,409.89, a decline of 1.52% from ¥3,457,069,029.93 at the end of the previous year[5] - Total liabilities decreased to ¥1,134,422,468.04 from ¥1,187,632,758.84, representing a reduction of approximately 4.48%[20] - The total equity attributable to the parent company was ¥2,236,576,519.25, slightly down from ¥2,237,203,257.80[20] Inventory and Expenses - The company reported a significant increase in inventory by 54.96%, totaling ¥357,397,137.66, due to adjustments in stocking plans based on customer demand[9] - Financial expenses rose by 47.76% to ¥3,331,291.09, attributed to an increase in short-term loans compared to the same period last year[9] - Research and development expenses were ¥20,348,491.25, slightly down from ¥20,780,290.55, indicating a decrease of about 2.08%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,145[12] - The largest shareholder, Tongguang Group Co., Ltd., holds 39.89% of shares, totaling 182,830,000 shares[12] - The number of shares held by the top ten shareholders remains unchanged in terms of financing and securities lending activities[13] - The company has no preferred shareholders or related party transactions disclosed in the report[15] Tax and Other Income - The company reported a 99.27% reduction in income tax expenses, amounting to ¥28,181.24, influenced by deferred tax impacts[10] - Other comprehensive income after tax increased to ¥8,299,917.09 from ¥949,064.00, a significant increase of approximately 772.5%[22] Joint Venture Plans - The company plans to establish a joint venture, Jiangsu Tongfei Technology Co., Ltd., with a total investment of 600 million yuan, where the company will contribute 339 million yuan, representing 56.5% of the registered capital[16] - The company has a total of 60,000,000 yuan in registered capital for the new joint venture[16]

江苏通光电子线缆股份有限公司 信会师报字[2025]第 ZA90404 号 江苏通光电子线缆股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求，我们审计了江苏通光电子线缆股份有限公司（以下简称通光 线缆）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定，建立健全和有效实施内部控制，并评 价其有效性是通光线缆董事会的责任。 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的 有效性发表审计意见，并对注意到的非财务报告内部控制的重大缺陷 进行披露。 三、 内部控制的固有局限性 内部控制审计报告 信会师报字[2025]第 ZA90404 号 内部控制审计报告 我们认为，通光线缆于 2024 年 12 月 31 日按照《企业内部控制 基本规范》和相关规定在所有重大方面保持了有效的财务报告内部控 制。 内部控制审计报告 第 1 页 （本页无正文，为《江苏通光电子线缆股份有限公司内部控制审计报 告》之签章页） （特殊普通合伙） ...