Group 1 - The company's communication cable products are applied in various scenarios including 5G base stations, F5G all-optical parks, and more, contributing to a gross margin of 15.95% as per the 2025 semi-annual report [2] - The company has participated in the formulation of multiple standards related to communication cables and optical-electrical hybrid cables, indicating its technical reserves and product validation capabilities in the evolution of 5.5G [2]

Core Viewpoint - New Asia Cable experienced a decline of 1.20% in stock price on November 18, with a trading volume of 73.27 million yuan, indicating a potential shift in investor sentiment and market dynamics [1]. Financing and Trading Data - On November 18, New Asia Cable had a financing buy-in amount of 11.17 million yuan, with a net financing buy of 6.79 million yuan after 4.38 million yuan in financing repayments. The total financing and margin balance reached 91.59 million yuan, accounting for 6.90% of the circulating market value [1]. - The company had no short selling activity on the same day, with both short selling and repayment amounts recorded as zero [1]. Company Overview - New Asia Cable, established on July 2, 1999, is located in Qinyuan City, Guangdong Province. The company specializes in the research, production, and sales of electrical wires and cables [1]. - The revenue composition of New Asia Cable includes: 39.94% from power cables, 36.68% from overhead wires, 22.94% from electrical equipment wires and cables, 0.23% from cable pipes, and 0.21% from other sources [1]. Financial Performance - For the period from January to September 2025, New Asia Cable reported a revenue of 2.26 billion yuan and a net profit attributable to shareholders of 77.18 million yuan, reflecting a year-on-year decrease of 14.56% [2]. - As of September 30, 2025, the number of shareholders decreased by 22.76% to 25,800, while the average circulating shares per person increased by 33.47% to 2,407 shares [2]. Dividend and Shareholding - Since its A-share listing, New Asia Cable has distributed a total of 103 million yuan in dividends [3]. - As of September 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 713,500 shares, which is an increase of 289,200 shares compared to the previous period [3].

天眼查App显示，近日，上海粤越电缆科技有限公司成立，法定代表人为魏俊杰，注册资本3600万人民 币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；金属材 料销售；供应链管理服务；金属材料制造；普通货物仓储服务（不含危险化学品等需许可审批的项 目）；新材料技术研发；信息咨询服务（不含许可类信息咨询服务）；电线、电缆经营；货物进出口。 （除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Group 1 - The company, Jiusheng Electric (301082.SZ), stated that its products are currently not applied in the military and aerospace sectors [1]

Core Viewpoint - The company, Jiusheng Electric (301082.SZ), has indicated that its products are currently not applied in the military and aerospace sectors [1] Group 1 - Jiusheng Electric's products are not utilized in military applications [1] - Jiusheng Electric's products are not utilized in aerospace applications [1]

Group 1 - The company, Jiusheng Electric (301082.SZ), stated that its products are currently not applied in the military and aerospace sectors [1]

Group 1 - The company is exploring applications of electromagnetic wire in robot motors and is currently testing samples with some downstream motor enterprises, but has not yet achieved sales [1] - Future supply and volume will depend on the development and cooperation with downstream customers, indicating uncertainty in this area [1] - The company does not plan to engage in the solid-state battery sector [1]

Core Points - Yili Group, a major shareholder holding over 5% of the shares, reduced its stake in Sun Cable by 7,973,374 shares on November 13, representing 1.1% of the total share capital [1] - The reduction included 1,350,000 shares sold through centralized bidding and 6,623,374 shares sold via block trading [1] - Following this transaction, Yili Group's ownership decreased from 15% to 13.9% [1] - Yili Group had previously announced a plan to reduce its holdings by up to 21,670,011 shares (3% of total share capital) within three months after October 14, and this reduction aligns with that plan, which is still ongoing [1]

Core Insights - A new company, Jieyang Xinjian Cable Co., Ltd., has been established with a registered capital of 1 million RMB, indicating a potential growth opportunity in the cable and electrical products sector [1] Company Overview - The legal representative of the company is Yang Gengxin, which may influence the company's strategic direction and management style [1] - The company’s business scope includes a wide range of products and services, such as electrical wires, cables, optical cables, building materials, and various electronic products, suggesting a diversified portfolio [1] Industry Implications - The establishment of Jieyang Xinjian Cable Co., Ltd. reflects ongoing investment and development in the electrical and construction materials industry, which may indicate a growing demand for these products [1] - The inclusion of services like technical consulting, system integration, and marketing planning highlights the trend towards value-added services in the industry, which could enhance competitive positioning [1]

Group 1 - The company, Sun Cable, reported that as of November 10, 2025, the total number of shareholders will be 69,820 [2]