证券代码：301310 证券简称：鑫宏业 公告编号：2025-099 鉴于公司第二届董事会任期即将届满，根据《公司法》《证券法》《深圳证 券交易所创业板股票上市规则》《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》等法律、法规、规范性文件及《公司章程》的有 关规定，经公司第二届董事会提名卜晓华先生、孙群霞女士、赵树朋先生、作为 第三届董事会非独立董事候选人，任期三年，自公司股东会审议通过之日起生效。 为保证董事会的正常运作，在新一届董事会产生前，公司第二届董事会仍将 继续依照法律、法规和《公司章程》等规定履行董事义务和职责。 无锡鑫宏业线缆科技股份有限公司 第二届董事会第三十一次会议决议公告 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。 一、董事会会议召开情况 无锡鑫宏业线缆科技股份有限公司（以下简称"公司"）第二届董事会第三十一 次会议（以下简称"本次会议"）通知于 2025 年 11 月 28 日以书面及邮件等形式送 达，会议于 2025 年 12 月 02 日下午 15:00 以现场结合通讯的方式在公司会议室召 开。本次会议 ...

Group 1 - The company, Xin Hong Ye, announced that neither it nor its wholly-owned subsidiary has provided guarantees to entities outside the scope of the consolidated financial statements [2] - The company confirmed that there are no overdue debts or lawsuits related to guarantees, nor any situations where it has been ordered to bear responsibility due to losing a guarantee case [2]

关于为全资子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 证券代码：301310 证券简称：鑫宏业 公告编号：2025-097 无锡鑫宏业线缆科技股份有限公司 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 27 日，召开第二届董事会第三十次会议，审议通过了《关于为全资子公司提供 担保的议案》，公司为全资子公司鑫宏业科技（湖南）有限公司（以下简称"鑫 宏业科技"）向银行申请授信额度提供连带责任担保，担保总额度不超过人民币 1.5 亿元，担保额度有效期 12 个月。具体内容详见公司 2025 年 10 月 28 日在巨 潮资讯网（www.cninfo.com.cn） 披露的《关于为全资子公司提供担保的公告》 （公告编号：2025-091）。 二、担保进展情况 近日，公司与交通银行股份有限公司株洲分行（以下简称"交通银行"或 "债权人"）签订了《保证合同》，公司为全资子公司鑫宏业科技在一定期间内 连续发生的债务提供本金限额不超过人民币1亿元的连带责任保证。 上述担保属于已审议通过的担保事项范 ...

Core Insights - The report highlights a significant turning point for the defense and military industry in 2025, with a strong recovery in both fundamentals and market performance, indicating a shift from policy expectations to actual performance realization [4][9][11] - The industry is entering a new phase characterized by rigid demand, structural upgrades, and improved financial health, with five core judgments outlined for 2026 [4][6][24] Industry Trends - The defense and military sector saw a cumulative increase of 16.39% in the Shenwan Defense Index by October 31, 2025, closely aligning with the performance of the CSI 300 index but lagging behind the growth-driven ChiNext index [9] - The market experienced a "Q1 bottoming, Q2 recovery, Q3 acceleration, and Q4 consolidation" rhythm, with the driving force shifting from policy expectations to performance realization [9][10] Financial Performance - The industry ended the "increasing revenue without increasing profit" dilemma, with significant improvements in operating cash flow and profitability quality, marking a transition to a new phase of high-quality development [4][24][26] - By November 10, 2025, the PE-TTM (excluding negative values) for the defense sector was approximately 70 times, indicating a structural revaluation rather than a systemic bubble [20][24] Revenue and Profitability - The report indicates a recovery in revenue and profit growth in 2025, with a notable increase in operating cash flow, signaling a turnaround from previous years of negative cash flow [24][31] - The industry experienced a significant rebound in profitability, with a 17.29% year-on-year increase in net profit attributable to shareholders in Q3 2025, reflecting effective cost control and improved operational efficiency [26][31] Investment Focus - The investment strategy focuses on four main lines: the main battle equipment supply chain from a military trade perspective, advanced combat capabilities, military-civilian integration sectors, and reform and asset securitization [4][6][26] - Key companies to watch include AVIC Shenyang Aircraft Corporation, China Aerospace Science and Technology Corporation, and others involved in military trade and advanced combat technologies [4][6][26]

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]