证券代码：301289 公司简称：国缆检测 公告编号：2025-053 上海国缆检测股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： （2）会议召开方式：本次股东会采取现场表决与网络投票相结合的方式 1、本次股东会未出现否决议案的情况； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、 会议召开和出席的情况 1、会议召开情况 （1）会议召开时间： ①现场会议召开时间：2025 年 9 月 12 日下午 14:30 ②网络投票时间：2025 年 9 月 12 日 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 9 月 12 日的交易时间，即 9:15—9:25，9:30—11:30 和 13:00—15:00； 通过深圳证券交易所互联网系统投票的具体时间为 2025 年 9 月 12 日上午 9:15 至下午 15:00 的任意时间。 （3）会议召开地点：上海市宝山区真陈路 888 号上海国缆检测股份有限公 司（以下简称"公司"）会议室 （4）会议召集人：公司第二届董事会 （ ...

Market Overview - On September 8, the professional services sector rose by 0.47% compared to the previous trading day, with Guolai Testing leading the gains [1] - The Shanghai Composite Index closed at 3826.84, up 0.38%, while the Shenzhen Component Index closed at 12666.84, up 0.61% [1] Stock Performance - Notable gainers in the professional services sector included: - Guojij Testing (Code: 301289) with a closing price of 53.07, up 4.10% on a trading volume of 18,500 shares and a turnover of 97.08 million yuan [1] - Xigao Institute (Code: 688334) closed at 19.52, up 3.72% with a trading volume of 50,300 shares and a turnover of 97.13 million yuan [1] - Huace Testing (Code: 300012) closed at 13.46, up 2.98% with a trading volume of 412,400 shares and a turnover of 553 million yuan [1] Capital Flow - The professional services sector experienced a net outflow of 306 million yuan from institutional investors, while retail investors saw a net inflow of 233 million yuan [2] - The sector's capital flow indicated that: - Major net inflows were observed in companies like Huace Testing (1.55 million yuan) and Anbang Guard (1.34 million yuan) [3] - Conversely, companies like Steel Research Nake and Huace Testing experienced significant net outflows from retail investors [3]

国泰海通证券股份有限公司 关于上海国缆检测股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐人名称：国泰海通证券股份有限公司 | 被保荐公司简称：国缆检测 | | --- | --- | | 保荐代表人姓名：赵鑫 | 联系电话：010-83939259 | | 保荐代表人姓名：曹千阳 | 联系电话：010-83939278 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 次 0 | | 2.督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限于防止关联 | | | 方占用公司资源的制度、募集资金管理制度、内控制度、内部 | 是 | | 审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 每月 1 次 | | （2）公司募集资金项目进展是否与信息披露文件一致 | 是 | | 4.公司治 ...

Core Viewpoint - The company has maintained stable economic indicators since its listing in 2022, but revenue and profit growth have stagnated, prompting discussions about potential mergers and acquisitions to expand its business scale [2]. Group 1: Company Strategy - The company plans to implement a "expand region, expand field" strategy to enhance its scale and overall economic indicators [2]. - It aims to establish three subsidiaries through self-built initiatives and mergers and acquisitions, focusing on new inspection and testing businesses such as electrochemical energy storage and certification [2]. - The company acknowledges that the newly developed inspection and testing businesses will require a longer cultivation period, resulting in short-term returns not being immediately apparent [2]. Group 2: Market Position - The company's current inspection business has a relatively small market share domestically, indicating room for growth and expansion [2]. - The company intends to leverage its advantages in the capital market to accelerate business layout optimization and structural adjustments [2]. - There is a focus on improving the national regional layout and expanding into inspection businesses beyond cables [2].

Group 1 - The core viewpoint of the news highlights the financial performance and market activity of Guokai Testing, indicating a slight decline in stock price and a net outflow in financing on August 29 [1] - As of August 29, Guokai Testing's financing balance is 69.35 million yuan, accounting for 1.71% of its market capitalization, which is below the 40th percentile level over the past year, indicating a low financing level [1] - The company has not engaged in any short selling activities on August 29, with a short selling balance of 0, which is above the 70th percentile level over the past year, suggesting a high level of short selling activity [1] Group 2 - As of June 30, Guokai Testing had 9,851 shareholders, a decrease of 5.46% from the previous period, while the average circulating shares per person increased by 3.91% to 2,527 shares [2] - For the first half of 2025, Guokai Testing reported a revenue of 169 million yuan, representing a year-on-year growth of 14.48%, and a net profit attributable to shareholders of 42.76 million yuan, up 13.32% year-on-year [2] - Since its A-share listing, Guokai Testing has distributed a total of 93.18 million yuan in dividends [3]

Group 1 - The core viewpoint of the news is that Guokai Testing has experienced a decline in stock price and trading volume, with significant changes in financing and stockholder metrics [1][2] - As of August 28, Guokai Testing's stock price dropped by 0.94%, with a trading volume of 116 million yuan, and a net financing outflow of 259.39 million yuan [1] - The company's financing balance is 70.22 million yuan, accounting for 1.72% of its market capitalization, which is below the 40th percentile of the past year [1] Group 2 - As of June 30, the number of shareholders for Guokai Testing decreased by 5.46% to 9,851, while the average circulating shares per person increased by 3.91% to 2,527 shares [2] - For the first half of 2025, Guokai Testing reported a revenue of 169 million yuan, representing a year-on-year growth of 14.48%, and a net profit attributable to shareholders of 42.76 million yuan, up 13.32% year-on-year [2] - Since its A-share listing, Guokai Testing has distributed a total of 93.18 million yuan in dividends [3]

Core Insights - The company, Guolan Testing (国缆检测), reported a year-on-year increase in both revenue and net profit for the first half of 2025, with total revenue reaching 169 million yuan, up 14.48%, and net profit at 42.76 million yuan, up 13.32% [1] Financial Performance - Total revenue for Q2 2025 was 87.70 million yuan, reflecting a 9.73% increase year-on-year [1] - Q2 net profit was 21.56 million yuan, showing a modest increase of 0.61% year-on-year [1] - Gross margin stood at 60.36%, down 2.75% from the previous year, while net margin was 28.04%, down 4.26% [1] - Total expenses (selling, administrative, and financial) amounted to 29.84 million yuan, accounting for 17.67% of revenue, a decrease of 8.6% year-on-year [1] Key Financial Metrics - Earnings per share (EPS) increased to 0.55 yuan, up 13.31% year-on-year [1] - Operating cash flow per share rose to 0.81 yuan, reflecting a 13.86% increase [1] - The company's net assets per share were reported at 12.36 yuan, a 2.73% increase year-on-year [1] Changes in Financial Items - Accounts receivable decreased by 17.72% to 46.90 million yuan, attributed to the payment terms of VIP clients [1] - Interest-bearing debt decreased by 14.36% to 18.41 million yuan [1] - Cash and cash equivalents increased by 6.32% to 71.90 million yuan [1] Additional Financial Insights - The company's return on invested capital (ROIC) was reported at 6.66%, indicating average capital returns [2] - The net profit margin for the previous year was 27.7%, suggesting high added value for products or services [2] - The company has a healthy cash asset position, indicating strong debt repayment capability [2]

Financial Performance - In the first half of 2025, the company achieved operating revenue of 169 million yuan, a year-on-year increase of 14.48% [1] - The net profit attributable to shareholders was 42.76 million yuan, reflecting a year-on-year growth of 13.32% [1] - The net cash flow from operating activities reached 63.52 million yuan, up by 13.86% year-on-year [1] Industry Development and Market Expansion - The company is actively developing testing capabilities in the electrochemical energy storage industry, focusing on liquid flow batteries [1] - It has prepared application materials for multiple new testing projects and has applied for 2 invention patents while participating in the formulation of 3 group standards [1] - The company participated in the Shanghai International Carbon Neutrality Expo and successfully hosted a roundtable forum on liquid flow batteries, establishing preliminary contacts with over ten potential clients [1] Certification and Research Activities - The subsidiary, Chuanglan Testing, has begun voluntary product certification activities in the wire and cable sector, focusing on carbon footprint certification [2] - The company has developed 6 carbon footprint evaluation guidelines for various cable products and has issued certification for these products [2] - During the reporting period, the company won bids totaling over 8 million yuan across multiple important service projects and signed annual framework service contracts with key end-users [2] Research and Development - The company is advancing 21 research projects, with 8 new projects initiated during the reporting period, and invested 15.41 million yuan in R&D expenses [2] - It has applied for 7 invention patents, received authorization for 2, and published 3 academic papers [2] - The company participated in the revision of 10 national standards, 7 group standards, and 3 enterprise standards, with 1 national standard and 3 enterprise standards officially released [2] Company Overview - The company is a leading independent third-party inspection and testing service provider for wires, cables, and optical fibers in China, offering a range of services including inspection, testing, equipment measurement, capability verification, and certification [3]

Core Viewpoint - The appointment of Fan Yujun as the new General Manager of Shanghai Guolai Testing Co., Ltd. is seen as a significant signal for the company's strategic development entering a new phase, with expectations for enhanced management efficiency and market expansion [2][7]. Management Changes - Fan Yujun has been promoted from Deputy General Manager to General Manager, reflecting the company's intent to leverage his technical and managerial expertise to accelerate its positioning in the high-end inspection and testing market [2][7]. - The company has emphasized the importance of strengthening management efficiency in response to expanding business scale and increasing industry competition [2]. Financial Performance - As of August 25, the company's stock price was 53.53 yuan per share, with a total market capitalization of 4.14 billion yuan. The stock has shown a steady performance with a year-to-date increase of 10.49% [2]. - For the first half of 2025, the company reported revenue of 169 million yuan, a year-on-year increase of 14.48%, and a net profit attributable to shareholders of 42.76 million yuan, up 13.32% [7]. R&D and Strategic Focus - The company has been increasing its R&D investments, with 21 ongoing research projects and a half-year R&D expenditure of 15.41 million yuan, accounting for 9.1% of the revenue during the same period [7]. - The management change aligns with the company's strategy to enhance its R&D capabilities and market outreach, with a focus on long-term incentives for management to align their interests with shareholder value [7][6]. Executive Compensation - Fan Yujun's annual salary as Deputy General Manager was 719,000 yuan, making him one of the highest-paid executives in the company. His promotion is expected to lead to an optimized compensation structure that includes both cash and stock incentives [5][6].

Core Points - The board of directors of Shanghai Guolan Testing Co., Ltd. held its 12th meeting of the second session on August 21, 2025, to review and approve the 2025 semi-annual report and other key matters [1][2][3] Meeting Details - The meeting was attended by 8 directors, with 6 participating via communication, and was deemed legal and effective according to relevant laws and regulations [1] - The board confirmed that the 2025 semi-annual report accurately reflects the company's actual situation without any false records or omissions [1][2] Financial Management - The board stated that the management and use of raised funds complied with the requirements of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, with no violations or harm to shareholder interests [2] Audit and Appointments - The board agreed to continue hiring Rongcheng Accounting Firm as the auditing institution for the 2025 annual report, citing its qualifications and experience [3] - The board approved the appointment of Mr. Fan Yujun as the general manager, effective from the date of the board's approval [4] Governance Changes - The board proposed to revise the company's articles of association and related governance documents, with the proposal requiring shareholder approval [6][7] - The board decided to hold the second extraordinary general meeting of 2025 on September 12, 2025 [8]