Sunway(SH:603333) Mei Ri Jing Ji Xin Wen·2025-06-27 15:44Group 1 - The annual shareholder meeting of Shangwei Co., Ltd. (603333.SH) was held, marking the debut of the new board and executives after a change in control [1][5] - The new chairman, Ye Honglin, emphasized the company's strengths in the cable sector and the intention to expand its operations [1][5] - The company reported a 20.06% decline in net profit last year due to a contraction in demand and increased competition in the domestic cable industry [5] Group 2 - There has been an increase in orders for cables used in nuclear power applications, indicating a positive trend in this segment [3][6] - The stock price of Shangwei Co., Ltd. rose over 75% from May 22 to May 29, driven by optimism surrounding the nuclear power sector [6] - The new controlling shareholder, Fuhua Chemical, has plans to potentially increase its stake in the company and expand into electronic chemicals and related businesses within the next 12 months [7][8] Group 3 - Fuhua Chemical's financial performance showed revenues of 95.3 billion, 69.3 billion, and 76.7 billion from 2022 to 2024, with net profits of 27.7 billion, 6 billion, and 6.03 billion respectively [7] - The company is considering various strategic options, including asset sales, mergers, or partnerships, while maintaining focus on the core cable business [8]