Core Points - The company Xin Hong Ye announced the approval of a share transfer agreement to acquire 62% of the equity of Yangzhou Shuguang Optoelectronic Control Co., Ltd. [1] - The acquisition involves cash payment and has been completed with the necessary business registration and licensing procedures [1] Group 1 - The second board meeting of the company was held on October 20, 2025, where the share transfer agreement was approved [1] - The shareholders involved in the transaction include Shuguang Lanfengqi (Nanjing) Technology Partnership, Nanjing Dingkong Electromechanical Technology Co., Ltd., and Nanjing Aiston Automation Co., Ltd. [1] - The business license for Yangzhou Shuguang has been reissued by the Yangzhou Economic Development Zone Administrative Approval Bureau [1]

二、交易进展情况 近日，扬州曙光已完成工商变更登记、工商变更备案手续，并取得扬州经济 开发区行政审批局换发的《营业执照》，具体信息如下： 证券代码：301310 证券简称：鑫宏业 公告编号：2025-096 无锡鑫宏业线缆科技股份有限公司 关于收购扬州曙光光电自控有限责任公司部分股权 的进展暨完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、交易概述 无锡鑫宏业线缆科技股份有限公司（以下简称"公司"）于 2025 年 10 月 20 日召开第二届董事会第二十八次会议审议通过了《关于签订＜股权转让协议 ＞的议案》，同意公司与扬州曙光光电自控有限责任公司（以下简称"扬州曙光"） 股东曙光蓝风启（南京）科技合伙企业（有限合伙）、股东南京鼎控机电科技有 限公司及鼎控机电控股股东南京埃斯顿自动化股份有限公司签署《股权转让协 议》，以现金方式收购扬州曙光光电自控有限责任公司合计 62%的股权。具体内 容详见公司披露于巨潮资讯网（http://www.cninfo.com.cn）的《关于签订<股 权转让协议>暨交易框架协议的进展公告 ...

Core Viewpoint - The company has made significant advancements in embodied intelligent robotics, particularly in multi-joint dynamic adaptation and integrated transmission technology, leading to the successful mass production of specialized robotic cables [2] Group 1 - The company has developed specialized cables for robots that cover critical areas such as the head, chest, and dexterous hands [2] - These cables can simultaneously achieve power transmission, signal perception, and tactile feedback functions [2] - The company has successfully transitioned to large-scale production of these robotic components [2]

Core Viewpoint - The company is actively engaging with investors to discuss its technological advancements, performance growth, cash flow management, and cost control strategies during the 2025 Wuxi Listed Companies Investor Reception Day [1][2]. Group 1: Technological Development - The company focuses on new quality productivity through four main directions: targeted technological breakthroughs in advanced fields such as embodied intelligent robots and controlled nuclear fusion, material innovation and process upgrades, deepening industry-academia collaboration, and global layout and certification [3]. - Significant progress has been made in the field of embodied intelligent robots, with the development of specialized cables that integrate power transmission, signal perception, and tactile feedback, now entering mass production [4]. Group 2: Performance Growth - The company's performance growth is driven by the gradual release of capacity from completed fundraising projects and the orderly delivery of high-margin products in the nuclear power sector, contributing directly to revenue and profit growth [4]. - The company has successfully completed international delivery of ITER-related cables, showcasing its capability in high-end markets [4]. Group 3: Cash Flow Management - The increase in bank borrowings is primarily to meet working capital turnover needs due to long customer payment cycles and the nature of raw material procurement [5]. - The company is implementing strategies to improve cash flow by adjusting its industrial structure, focusing on high-margin sectors, and optimizing inventory management through an information management system [5]. Group 4: Cost Control Mechanism - The company employs a pricing model based on "copper price + processing fee," which helps buffer against raw material price fluctuations, with core profitability derived from the processing fee component [6]. - The company is actively advancing its capital increase matters in accordance with regulatory requirements [6].

Core Viewpoint - Xin Hongye (301310.SZ) has made significant advancements in the field of embodied intelligent robots, particularly in multi-joint dynamic adaptation and integrated transmission technology, which positions the company for growth in the robotics sector [1] Group 1: Product Breakthroughs - The company has developed specialized cables for robots that enable simultaneous power transmission, signal perception, and tactile feedback, which have successfully entered mass production [1] - Jiangsu Huaguang, a wholly-owned subsidiary, has overcome technical barriers related to radiation resistance and longevity, successfully delivering ITER-compatible PIC cables internationally [1]

Group 1: Technology and Innovation - The company focuses on new production capabilities, aiming to build core technological barriers in fields such as intelligent robotics, low-altitude economy, supercharging technology, controllable nuclear fusion, and special equipment [2][3] - Innovations in materials and process upgrades are expected to reduce costs and increase efficiency, including the development of new cross-linked polyolefin elastomer insulation materials [2][3] - Collaboration with Wuxi Industrial Research Institute to enhance research and development capabilities in cutting-edge areas like supercharging materials and humanoid robot cables [3] Group 2: Financial Management and Capital Structure - Significant increase in bank loans is primarily for working capital turnover due to long customer payment cycles [4] - The company is actively working on a private placement to improve capital structure, with progress being made according to regulatory requirements [5] - Strategies to improve cash flow include optimizing inventory management and focusing on high-margin business segments [6][7] Group 3: Business Performance and Market Position - Nuclear energy business has achieved a certain scale of revenue, contributing to the company's overall income [8] - Key performance drivers include the release of production capacity from completed fundraising projects and successful deliveries in the nuclear power sector [9] - Breakthroughs in product development include specialized cables for intelligent robots and successful international deliveries of ITER-related cables [9] Group 4: Procurement and Cost Control - The company employs systematic control measures to manage procurement cash expenditures, emphasizing a sales-driven production model [10][11] - The pricing strategy for products is linked to copper prices, with the core profit derived from processing fees, minimizing the impact of short-term copper price fluctuations [11]

证券代码：301310 证券简称：鑫宏业 公告编号：2025-095 本 次 活 动 将 采 用 网 络 远 程 的 方 式 举 行 ， 投 资 者 可 登 录 " 全 景 路 演 " （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与本次 互动交流，活动时间为 2025 年 11 月 4 日（星期二，15:30-17:00）。 届时公司相关人员将在线就公司 2024 年至 2025 三季度业绩、公司治理、发展战 略、经营状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进 行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 无锡鑫宏业线缆科技股份有限公司董事会 2025 年 10 月 30 日 关于参加 2025 无锡上市公司投资者集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，无锡鑫宏业线缆科技股份有限公司（以下简 称"公司"）将参加"2025 无锡上市公司投资者集体接待日"活动，现将相关事项公告如 下： 出席本次年度网上集体接待日的人员有：董 ...

Core Points - Xin Hongye (301310.SZ) released its Q3 2025 report on October 28, 2025, indicating a total of 4 institutional investors holding shares, amounting to 8.5696 million shares, which represents 6.28% of the total share capital [1] - The institutional holding percentage decreased by 2.37 percentage points compared to the previous quarter [1] - In terms of public funds, 38 new public funds were disclosed this quarter, including several notable funds such as Yongying Advanced Manufacturing Mixed Fund A and Huatai-PB CSI 2000 Index Enhanced A [1] - Foreign investment sentiment showed a change with the absence of previously disclosed foreign institution BARCLAYS BANK PLC this quarter [1]

Group 1 - The company Xin Hong Ye (SZ 301310) announced on October 27 that it will make a provision for credit and asset impairment of approximately 16.18 million yuan, which will reduce the total profit for the first three quarters of 2025 by the same amount [1] - As of the report, Xin Hong Ye's market capitalization is 5.9 billion yuan [1] - For the first half of 2025, the revenue composition of Xin Hong Ye is as follows: 56.21% from new energy vehicle cables, 24.5% from photovoltaic cables, 13.54% from industrial cables, 4.18% from other sources, and 1.57% from other businesses [1]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [1] Financial Performance - The company achieved operating revenue of 1,024,945,346.74 yuan, representing a year-on-year growth of 47.05% [1] - The net profit attributable to shareholders of the listed company was 38,141,036.13 yuan, reflecting a year-on-year increase of 23.65% [1]