天眼查App显示，近日，合肥衎鑫电线电缆有限公司成立，法定代表人为张丽丽，注册资本5万人民 币，经营范围为一般经营项目：电线、电缆经营；电力电子元器件销售；五金产品批发；五金产品零 售；建筑材料销售；耐火材料销售；石灰和石膏销售；石棉水泥制品销售；建筑防水卷材产品销售；劳 动保护用品销售；机械设备销售；智能输配电及控制设备销售；电工仪器仪表销售；保温材料销售；隔 热和隔音材料销售；涂料销售（不含危险化学品）；橡胶制品销售；金属材料销售；塑料制品销售；润 滑油销售；消防器材销售；办公用品销售；非金属矿及制品销售（除许可业务外，可自主依法经营法律 法规非禁止或限制的项目）。 ...

Core Viewpoint - The copper industry is experiencing a dichotomy in production and demand, with some companies maintaining high production levels while others face significant slowdowns due to high copper prices and reduced downstream orders [4][28][34]. Group 1: Production Dynamics - A copper rod company in Jiangxi has been operating at full capacity to meet order demands, producing over 1,000 tons of recycled copper raw materials before the National Day holiday [2][5]. - According to Mysteel's survey, 19 out of 61 surveyed copper rod companies chose to continue production during the holiday, indicating strong demand in certain segments [2][4]. - In contrast, some companies, particularly in the refined copper rod sector, have extended their holiday breaks due to high inventory levels and slow order pickups, with an average holiday duration of 4.05 days in 2025 compared to 3.95 days in 2023 [3][4]. Group 2: Market Conditions - The copper price surged due to supply disruptions from the Grasberg copper mine incident, leading to a cautious approach among downstream buyers [4][34]. - The average copper price in 2025 has been higher than in 2024, yet end-user orders have not returned to peak levels, reflecting a cautious market sentiment [4][34]. - High copper prices have resulted in increased production costs for refined copper rod companies, with some reporting a 30% decrease in orders compared to the previous year [28][33]. Group 3: Inventory Management - Companies are adopting varied inventory strategies, with 30% of firms maintaining current stock levels while another 30% are delaying production due to unclear policies and weak demand [7][28]. - The need for careful inventory management is emphasized, as companies must balance production with financial pressures and market uncertainties [7][34]. - Some companies are facing significant financial strain due to high inventory levels, with one firm reporting a stock of over 2,000 tons, double the normal level, leading to increased financial costs [26][33]. Group 4: Demand for Lithium Battery Copper Foil - The demand for lithium battery copper foil has surged, with one company reporting a 40% increase in urgent orders compared to the previous year [14][20]. - During the National Day holiday, many copper foil companies maintained over 80% operating rates, significantly higher than the typical 50% [22]. - The growth in the lithium battery sector is driving production decisions, with companies adjusting their output to meet urgent customer demands [16][20]. Group 5: Future Outlook - The copper market is expected to face a supply surplus in 2025, transitioning to a shortage in 2026, primarily due to tightening supply conditions [37][40]. - The Chinese government has set clear growth targets for the recycled metals sector, which may influence production strategies in the coming years [40][41]. - Analysts predict that while short-term price fluctuations may occur, the long-term outlook for copper prices remains positive due to structural demand growth in sectors like renewable energy and electric vehicles [34][41].

（编辑 袁冠琳） 证券日报网讯 通达股份10月10日在互动平台回答投资者提问时表示，公司已对"雅鲁藏布江下游水电工 程"进行小批量供货；公司已研发生产高强度、抗冰雪的导线产品；公司电线电缆产品广泛应用于三峡 工程、奥运备战线路、特高压输电工程等600多项国家重点线路工程，公司具备万吨级订单的快速交付 能力。 ...

Market Overview - A-shares experienced a strong opening on October 9, with the Shanghai Composite Index breaking through 3900 points, reaching a ten-year high at 3933.97 points, up 1.32% [1] - The Shenzhen Component Index rose 1.47% to 13725.56 points, while the ChiNext Index increased by 0.73% to 3261.82 points [1] - Total trading volume in the Shanghai and Shenzhen markets reached 26,532 billion yuan, a significant increase of 4,718 billion yuan compared to the previous trading day [1] Sector Performance - The majority of industry sectors saw gains, with precious metals, energy metals, and steel industries leading the rise, while tourism and real estate services faced declines [1] - The precious metals sector saw a notable increase, with 12 stocks in the sector, 4 of which hit the daily limit, and the smallest gain being 5.3% for Hunan Gold [2] Key Drivers - The market's upward momentum was attributed to two main factors: accelerated recovery of margin financing and positive performance in overseas markets, particularly in artificial intelligence and non-ferrous metals [1] - The price of gold surpassed 4000 USD/ounce, driven by increased risk aversion due to the U.S. government shutdown, ongoing global central bank gold purchases, and expectations of interest rate cuts by the Federal Reserve [2] Technical Analysis - The market showed strong bullish signals, with all three major indices in a bullish arrangement, particularly the Shanghai Composite Index, which is expected to continue rising and may reach 4000 points soon [3] - The MACD indicator showed a reduction in green bars, and the KDJ line indicated an upward trend, suggesting further upward movement in the coming days [3] Company Spotlight - Jinbei Electric, a company specializing in the research, production, and sales of wire and cable products, saw its stock hit the daily limit, primarily due to the favorable sentiment surrounding the controllable nuclear fusion concept [3] - The company reported a net profit of 296.28 million yuan for the first half of 2025, with a year-on-year growth rate of 7.46% [3] - Jinbei Electric's products are utilized in various nuclear power stations and are involved in projects related to the nuclear fusion industry, enhancing its market position [3]

Core Viewpoint - The company emphasizes the importance of shareholder value and is committed to maintaining the rights of all shareholders through standardized governance, prudent operations, and continuous enhancement of intrinsic value [1] Group 1 - The company actively engages with investors and addresses their concerns through interactive platforms [1] - The company plans to develop relevant systems in accordance with securities regulatory requirements and its actual situation [1]

Core Viewpoint - The company emphasizes the importance of technological innovation and intellectual property accumulation, having obtained multiple invention patents in relevant fields [1] Group 1 - The company is open to evaluating various technology enhancement paths, including the suggestion of patent acquisitions, based on R&D needs, market conditions, and compliance requirements [1]

Core Viewpoint - Xingkai Holdings (01166.HK) reported a significant decline in total revenue for the fiscal year ending June 30, 2025, with a decrease of 27.3% compared to the previous year, leading to a substantial increase in net loss for shareholders [1] Financial Performance - The total revenue for the year was approximately HKD 579 million, down from approximately HKD 796 million in the same period last year, marking a 27.3% decrease [1] - The loss attributable to shareholders was approximately HKD 142 million, compared to a loss of approximately HKD 88.5 million in the previous year [1] - The loss per share for the year was approximately HKD 1.20, compared to HKD 0.75 for the 2023/2024 fiscal year [1] Business Segment Performance - Revenue from the wire and cable segment was approximately HKD 187 million, a decrease of 24.6% from approximately HKD 248 million in the previous year, accounting for 32.3% of total revenue [1] - Revenue from the copper rod business was approximately HKD 377 million, down 29.8% from approximately HKD 537 million last year, representing 65.1% of total revenue [1] - Revenue from rental business increased by 40.8% to approximately HKD 14.8 million, up from approximately HKD 10.5 million in the previous year, making up 2.6% of total revenue [1]

Group 1 - Hualing Cable held its sixth second board meeting on September 28, 2025, to discuss the proposal for using part of the idle raised funds to temporarily supplement working capital [1] - For the first half of 2025, Hualing Cable's revenue composition was 98.62% from the wire and cable industry and 1.38% from other businesses [1] - As of the report, Hualing Cable's market capitalization was 6.6 billion yuan [1] Group 2 - The competition between Nongfu Spring and Yi Bao has intensified, with Nongfu Spring's green bottle launch leading to a significant market share decline for Yi Bao, dropping nearly 5 percentage points [1]

Core Viewpoint - New Asia Cable experienced a decline in stock price and negative net financing on September 26, 2023, indicating potential liquidity issues and investor sentiment concerns [1]. Financing Summary - On September 26, New Asia Cable had a financing buy-in amount of 5.77 million yuan and a financing repayment of 10.39 million yuan, resulting in a net financing outflow of 4.62 million yuan [1]. - The total financing balance as of September 26 was 54.41 million yuan, accounting for 4.22% of the circulating market value [1]. - No shares were sold or repaid in the securities lending market on the same day, with a total securities lending balance of 0 yuan [1]. Company Performance Summary - As of June 30, 2023, New Asia Cable had 33,300 shareholders, a decrease of 26.52% from the previous period, while the average circulating shares per person increased by 36.09% to 1,803 shares [2]. - For the first half of 2023, New Asia Cable reported a revenue of 1.518 billion yuan, representing a year-on-year growth of 28.98%, while the net profit attributable to shareholders was 55.05 million yuan, a slight decrease of 0.42% year-on-year [2]. Dividend and Shareholding Summary - Since its A-share listing, New Asia Cable has distributed a total of 103 million yuan in dividends [3]. - As of June 30, 2023, the largest circulating shareholder was Hong Kong Central Clearing Limited, holding 424,300 shares as a new shareholder [3].

Group 1 - The core point of the announcement is that Jingda Co., Ltd. has declared a cash dividend of 0.03 yuan per share (tax included) for the first half of 2025 [1] - The record date for the dividend is set for October 10, 2025, and the ex-dividend date is October 13, 2025 [1]