Core Points - The stock price of Langwei Co., Ltd. (301202) closed at 41.83 yuan on October 29, 2025, down by 1.97% with a turnover rate of 4.01% and a trading volume of 14,900 shares, amounting to a transaction value of 62.74 million yuan [1] Group 1: Trading Information - On October 29, the net outflow of main funds was 15.145 million yuan, while retail investors saw a net inflow of 11.2578 million yuan [2][4] - Speculative funds had a net inflow of 3.8872 million yuan on the same day [2] Group 2: Company Announcements - Langwei's wholly-owned subsidiary, Ningbo Feiman Cable Co., Ltd., plans to conduct copper futures hedging to mitigate risks associated with copper price fluctuations, with a margin amount not exceeding 10 million yuan and a contract amount not exceeding 60 million yuan [3][4] - The hedging activities will be limited to copper futures related to production operations, and the company has established a management system for futures hedging [3]

Core Viewpoint - Longwei Co., Ltd. announced that its wholly-owned subsidiary, Ningbo Feiman Cable Co., Ltd., will engage in copper futures hedging to mitigate commodity price volatility risks, with strict prohibitions on speculative trading [1] Group 1: Company Announcement - The fourth meeting of the fourth board of directors was held on October 27, 2025, where the proposal for the subsidiary to conduct futures hedging was approved [1] - Ningbo Feiman is authorized to use its own funds for hedging activities directly related to its daily production and operation materials [1] - The maximum margin amount for hedging activities is set at RMB 10 million, while the contract amount can reach up to RMB 60 million, with the ability to roll over within the specified limits [1]

Core Insights - The company reported a revenue of 902,509,458.38 yuan for the first three quarters of 2025, reflecting a year-on-year growth of 0.72% [1] - The net profit attributable to shareholders for the same period was 55,980,653.05 yuan, showing a year-on-year increase of 0.70% [1] Financial Performance - Revenue for the first three quarters of 2025: 902.51 million yuan [1] - Year-on-year revenue growth: 0.72% [1] - Net profit for the first three quarters of 2025: 55.98 million yuan [1] - Year-on-year net profit growth: 0.70% [1]

Core Insights - Langwei Co., Ltd. reported a revenue of 903 million yuan for the first three quarters of 2025, representing a year-on-year growth of 0.72% [1] - The net profit attributable to shareholders was 55.98 million yuan, also showing a year-on-year increase of 0.70% [1] - The company's non-recurring net profit decreased by 16.03% year-on-year to 46.89 million yuan [1] Financial Performance - Basic earnings per share for the reporting period was 0.41 yuan [1] - The gross profit margin for the first three quarters was 18.28%, down by 0.48 percentage points year-on-year [1] - The net profit margin remained stable at 6.20% compared to the same period last year [1] - In Q3 2025, the gross profit margin was 16.68%, a decrease of 0.47 percentage points year-on-year and a decline of 2.22 percentage points quarter-on-quarter [1] - The net profit margin for Q3 was 4.01%, down 1.24 percentage points year-on-year and 2.65 percentage points quarter-on-quarter [1] Expense Analysis - Total operating expenses for the company were 110 million yuan, an increase of 17.27 million yuan year-on-year [2] - The expense ratio was 12.14%, up by 1.84 percentage points from the previous year [2] - Sales expenses increased by 33.03%, management expenses rose by 12.30%, and R&D expenses grew by 12.75%, while financial expenses decreased by 53.37% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 14,300, a decrease of 528 from the end of the previous half-year, representing a decline of 3.55% [2] - The average market value per shareholder increased from 377,200 yuan to 429,900 yuan, reflecting a growth of 13.95% [2] Company Overview - Langwei Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on January 20, 2010, with its listing date on July 5, 2023 [2] - The company's main business includes the research, production, sales, and service of data center cabinets and structured cabling products [2] - The revenue composition is as follows: structured cabling products 44.67%, data center cabinets 37.79%, custom cabinets 15.38%, and others 2.16% [2] - The company belongs to the communication equipment sector and is associated with concepts such as Tencent, IDC, East Data West Computing, liquid cooling, and cloud computing [2]

Core Insights - Langwei Co., Ltd. reported a revenue of 903 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 0.72% [1] - The net profit attributable to shareholders of the listed company reached 55.98 million yuan, marking a year-on-year increase of 0.70% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 46.89 million yuan, showing a year-on-year decrease of 16.03% [1] - The basic earnings per share stood at 0.41 yuan [1]

Group 1 - The core viewpoint of the news is that Langwei Co., Ltd. reported its third-quarter performance, showing slight growth in revenue and net profit compared to the previous year [1] - For the first three quarters of 2025, the company's revenue was approximately 903 million yuan, representing a year-on-year increase of 0.72% [1] - The net profit attributable to shareholders was about 55.98 million yuan, with a year-on-year increase of 0.7% [1] - The basic earnings per share remained unchanged at 0.41 yuan, showing a year-on-year increase of 0% [1] Group 2 - As of the report, Langwei Co., Ltd. had a market capitalization of 5.8 billion yuan [2] - The A-share market has recently surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with technology leading the market's transformation [2]

苏州朗威电子机械股份有限公司（以下简称"公司"）全资子公司宁波费曼电缆有 限公司（以下简称"宁波费曼"）主营业务为综合布线产品中数据电缆的研发、生产、 销售，铜线是主要原材料之一。为防范铜线的价格波动，减少对成本造成的影响，宁 波费曼在授权额度内开展铜期货套期保值业务，主要是为了锁定公司产品成本，有效 地防范和化解由于铜线价格变动带来的成本波动，保障利润的实现。提升公司的风险 防御能力，增强公司生产经营的稳健性。宁波费曼将在授权的额度内根据生产经营计 划择机开展商品期货套期保值业务，严禁进行以风险投资为目的的任何投机交易。 二、开展期货套期保值业务的基本情况 1、套期保值品种 套期保值品种仅限于与宁波费曼生产经营有直接关系的铜期货品种，以套期保值、 规避商品价格波动风险为目的，严禁进行以风险投资为目的的任何投机交易。 2、套期保值交易场所 一、开展期货套期保值业务的目的 4、套期保值资金来源 宁波费曼自有资金，不涉及募集资金或银行信贷资金。 5、套期保值期限及授权 由于业务量的增加，为控制整体风险，本次董事会对宁波费曼开展商品期货套 期保值业务额度予以授权，套期保值业务的保证金金额不超过人民币1,000万元， ...

证券代码：301202 证券简称：朗威股份 公告编号：2025-053 苏州朗威电子机械股份有限公司 关于全资子公司开展期货套期保值业务的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 苏州朗威电子机械股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日 召开第四届董事会第九次会议审议通过了《关于全资子公司开展期货套期保值业务 的议案》，公司全资子公司宁波费曼电缆有限公司（以下简称"宁波费曼"）利用 自有资金开展与其日常生产经营原材料直接相关的铜期货套期保值业务，以套期保 值、规避商品价格波动风险为目的，严禁进行以风险投资为目的的任何投机交易。 宁波费曼可开展套期保值业务的保证金金额不超过人民币 1,000 万元，合约金额不 超过人民币 6,000 万元，在使用期限及额度范围内可循环滚动使用，该议案无需提 交公司股东会审议。 一、套期保值业务概述 宁波费曼主营业务为综合布线产品中数据电缆的研发、生产、销售，铜线是主 要原材料之一。为防范铜线的价格波动，减少对成本造成的影响，宁波费曼开展铜 期货套期保值业务，主要是为了锁定公司产品成本，有效地防范 ...

证券代码：301202 证券简称：朗威股份 公告编号：2025-051 苏州朗威电子机械股份有限公司 第四届董事会第九次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 苏州朗威电子机械股份有限公司（以下简称"公司"）第四届董事会第九次 会议于 2025 年 10 月 27 日 10:30 以现场结合通讯方式在公司会议室召开。本次 会议通知于 2025 年 10 月 21 日以邮件方式送达全体董事。会议由董事长高利擎 先生主持，应出席董事 7 名，实际出席董事 7 名。公司高管列席了会议。 本次董事会会议的召集、召开符合《中华人民共和国公司法》和《公司章程》 的规定，决议合法有效。 费曼开展套期保值业务的保证金金额不超过人民币 1,000 万元，合约金额不超过 人民币 6,000 万元。上述额度在有效期内可滚动循环使用，有效期自本次董事会 审议通过之日起十二个月内有效，期限内任一时点的保证金占用额度不超过已审 议额度，如单笔交易的存续期限超过了授权期，授权期限自动顺延至该笔交易终 止。同时公司编制了《关于开展期货套期保值业务的可行 ...

国投证券股份有限公司 关于苏州朗威电子机械股份有限公司 全资子公司开展期货套期保值业务的核查意见 国投证券股份有限公司（以下简称"国投证券"、"保荐机构"）作为苏州 朗威电子机械股份有限公司（以下简称"朗威股份"、"公司"）首次公开发行 股票并在创业板上市及持续督导的保荐机构，根据《证券发行上市保荐业务管理 办法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范 运作》《深圳证券交易所创业板股票上市规则》等有关规定，就朗威股份全资子 公司开展期货套期保值业务额度事项进行了核查，具体情况如下： 一、开展期货套期保值业务的目的 公司全资子公司宁波费曼电缆有限公司（以下简称"宁波费曼"）主营业务 为综合布线产品中数据电缆的研发、生产、销售，铜线是主要原材料之一。为防 范铜线的价格波动，减少对成本造成的影响，宁波费曼在授权额度内开展铜期货 套期保值业务，主要是为了锁定公司产品成本，有效地防范和化解由于铜线价格 变动带来的成本波动，保障利润的实现。提升公司的风险防御能力，增强公司生 产经营的稳健性。宁波费曼将在授权的额度内根据生产经营计划择机开展商品期 货套期保值业务，严禁进行以风险投资为目的的任何 ...