Core Viewpoint - Jingda Co., Ltd. has shown a mixed performance in stock price and financial metrics, with a notable increase in revenue and net profit year-on-year, while experiencing fluctuations in stock trading activity and shareholder composition [1][2][3]. Group 1: Stock Performance - On September 11, Jingda's stock price increased by 2.11%, reaching 8.23 CNY per share, with a trading volume of 281 million CNY and a turnover rate of 1.62%, resulting in a total market capitalization of 17.688 billion CNY [1]. - Year-to-date, Jingda's stock price has risen by 13.67%, with a slight decline of 0.84% over the last five trading days, a 2.62% increase over the last 20 days, and a 10.77% increase over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Jingda reported a revenue of 11.856 billion CNY, reflecting a year-on-year growth of 14.28%, and a net profit attributable to shareholders of 306 million CNY, which is a 6.03% increase compared to the previous year [2]. - Since its A-share listing, Jingda has distributed a total of 1.907 billion CNY in dividends, with 712 million CNY distributed over the last three years [3]. Group 3: Shareholder Composition - As of June 30, 2025, Jingda had 109,600 shareholders, a decrease of 2.86% from the previous period, with an average of 19,613 circulating shares per shareholder, an increase of 2.95% [2]. - Among the top ten circulating shareholders, XINGQUAN Trend Investment Mixed Fund is the eighth largest with 20 million shares, while Hong Kong Central Clearing Limited is the ninth largest with 19.8724 million shares, having increased its holdings by 2.4356 million shares [3].

9月11日，尚纬股份盘中上涨2.04%，截至09:49，报8.99元/股，成交4055.04万元，换手率0.74%，总市 值55.88亿元。 资金流向方面，主力资金净流入361.48万元，特大单买入174.48万元，占比4.30%，卖出0.00元，占比 0.00%；大单买入613.24万元，占比15.12%，卖出426.23万元，占比10.51%。 尚纬股份今年以来股价涨61.69%，近5个交易日跌2.49%，近20日涨10.85%，近60日涨18.29%。 今年以来尚纬股份已经7次登上龙虎榜，最近一次登上龙虎榜为7月2日，当日龙虎榜净买入2233.34万 元；买入总计5992.92万元 ，占总成交额比10.45%；卖出总计3759.59万元 ，占总成交额比6.55%。 资料显示，尚纬股份有限公司位于四川省乐山高新区迎宾大道18号，成立日期2003年7月7日，上市日期 2012年5月7日，公司主营业务涉及特种电缆的研发、生产、销售和服务。主营业务收入构成为：特种电 缆91.97%，普通电缆5.87%，其他1.42%，其他(补充)0.74%。 尚纬股份所属申万行业为：电力设备-电网设备-线缆部件及其他。所属概念 ...

Company Overview - Shangwei Co., Ltd. is located at No. 18 Yingbin Avenue, Leshan High-tech Zone, Sichuan Province, established on July 7, 2003, and listed on May 7, 2012. The company specializes in the research, production, sales, and service of special cables [1][2]. - The main business revenue composition includes special cables (91.97%), ordinary cables (5.87%), and other categories (1.42% and 0.74%) [1]. Financial Performance - As of June 30, Shangwei Co., Ltd. reported a revenue of 549 million yuan for the first half of 2025, a year-on-year decrease of 24.79%. The net profit attributable to the parent company was -31.62 million yuan, a year-on-year decrease of 1131.88% [2]. - The company has cumulatively distributed 93.37 million yuan in dividends since its A-share listing, with 12.26 million yuan distributed over the past three years [3]. Stock Performance - On September 10, the stock price of Shangwei Co., Ltd. fell by 2.03%, trading at 8.67 yuan per share, with a total market capitalization of 5.389 billion yuan [1]. - Year-to-date, the stock price has increased by 55.94%, with a slight decline of 1.03% over the last five trading days, and increases of 5.73% and 6.64% over the last 20 and 60 days, respectively [1]. - The company has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on July 2, where it recorded a net purchase of 22.33 million yuan [1]. Shareholder Information - As of June 30, the number of shareholders for Shangwei Co., Ltd. was 38,600, an increase of 27.37% from the previous period. The average circulating shares per person decreased by 21.49% to 16,105 shares [2].

Company Overview - Shanghai Qifan Cable Co., Ltd. was established on July 11, 1994, and listed on July 31, 2020. The company is located at No. 238, Zhenkang Road, Zhangyan Town, Jinshan District, Shanghai [1] - The main business involves the production, research and development, and sales of electric wires and cables. The revenue composition is as follows: power cables 65.62%, electrical equipment wires and cables 32.83%, and others 1.55% [1] Financial Performance - As of June 30, the number of shareholders increased by 5.23% to 17,500, with an average of 23,553 circulating shares per person, a decrease of 4.97% [2] - For the first half of 2025, the company achieved operating revenue of 10.166 billion yuan, a year-on-year decrease of 1.19%. The net profit attributable to shareholders was 164 million yuan, down 12.56% year-on-year [2] - Since its A-share listing, the company has distributed a total of 280 million yuan in dividends, with 128 million yuan distributed over the past three years [2] Stock Performance - On September 1, the stock price increased by 2.06%, reaching 17.32 yuan per share, with a trading volume of 47.9167 million yuan and a turnover rate of 0.69%. The total market capitalization is 7.151 billion yuan [1] - Year-to-date, the stock price has risen by 12.76%, with a 6.52% increase over the last five trading days, 9.55% over the last 20 days, and 15.31% over the last 60 days [1] Capital Flow - In terms of capital flow, there was a net outflow of 208,800 yuan from main funds, with large orders buying 7.4471 million yuan (15.54%) and selling 6.3416 million yuan (13.23%). Special large orders bought 1.2505 million yuan (2.61%) and sold 2.5649 million yuan (5.35%) [1] Industry Context - Qifan Cable is categorized under the electrical equipment industry, specifically in the cable components and other sectors. The company is associated with concepts such as photovoltaic glass, charging piles, solar energy, Tesla, and wind energy [1]

Core Viewpoint - Dongfang Cable's stock price has shown fluctuations with a slight increase of 0.54% year-to-date, while experiencing a 26.57% decrease in net profit year-on-year for the first half of 2025 [1][2]. Group 1: Stock Performance - On August 28, Dongfang Cable's stock rose by 2.01%, reaching 52.38 CNY per share, with a trading volume of 149 million CNY and a turnover rate of 0.42%, resulting in a total market capitalization of 36.023 billion CNY [1]. - The stock has seen a 0.54% increase in price since the beginning of the year, a 0.32% decrease over the last five trading days, a 10.48% increase over the last 20 days, and a 9.86% increase over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Dongfang Cable reported a revenue of 4.432 billion CNY, reflecting a year-on-year growth of 8.95%, while the net profit attributable to shareholders decreased by 26.57% to 473 million CNY [2]. - Since its A-share listing, Dongfang Cable has distributed a total of 1.377 billion CNY in dividends, with 790 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Dongfang Cable was 36,100, a decrease of 31.73% from the previous period, with an average of 19,055 circulating shares per shareholder, an increase of 46.48% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 8.3221 million shares to 41.8889 million shares, and GF Advanced Manufacturing Stock A, which increased its holdings by 1.6693 million shares to 7.8852 million shares [3].

Group 1 - The core viewpoint of the news is that Jinlongyu's stock has shown significant volatility, with a year-to-date increase of 115.21%, despite a recent slight decline in the last five trading days [1] - As of June 30, 2025, Jinlongyu's revenue reached 2.157 billion yuan, representing a year-on-year growth of 32.98%, while the net profit attributable to shareholders decreased by 20.19% to 66.716 million yuan [2] - The company has a diverse revenue structure, with special cables accounting for 62.79% of total revenue, followed by ordinary wires at 20.46%, special wires at 14.29%, and ordinary cables at 1.50% [2] Group 2 - Jinlongyu has been active in the stock market, appearing on the "Dragon and Tiger List" 10 times this year, with the most recent appearance on June 27, where it recorded a net purchase of 95.8999 million yuan [1] - The company has distributed a total of 757 million yuan in dividends since its A-share listing, with 303 million yuan distributed in the last three years [3] - As of June 30, 2025, the number of Jinlongyu's shareholders increased by 164.33% to 92,700, while the average circulating shares per person decreased by 62.18% to 2,660 shares [2]

丨证券研究报告丨 公司研究丨点评报告丨东方电缆（603606.SH） [Table_Title] 东方电缆：Q2 经营基本触底，排产加速有望奠 定下半年交付放量基础 报告要点 [Table_Summary] 公司发布 2025 年中报，公司实现营业收入 44.32 亿元，同比增长 8.95%；归属净利润 4.73 亿 元，同比下降 26.57%。其中，2025Q2 营业收入 22.85 亿元，同比下降 17.13%；归属净利润 1.92 亿元，同比下降 49.56%。 分析师及联系人 [Table_Author] 邬博华 曹海花 司鸿历 周圣钧 SAC：S0490514040001 SAC：S0490522030001 SAC：S0490520080002 SAC：S0490524120003 SFC：BQK482 SFC：BVD284 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 事件评论 ⚫ 收入端，公司 2025 年上半年营业收入同比增长，其中：海底电缆与高压电缆营收 19.57 亿元，同比增长 8.32%，海洋装备与工程运维营收 2.75 亿元，同比下 ...

Group 1 - The core viewpoint of the report is a "buy" rating for Dongfang Cable (603606.SH) with a latest price of 51.39 yuan [2] - Short-term performance is slightly under pressure due to the revenue recognition cycle of offshore wind projects [2] - There is a significant increase in inventory and contract liabilities, indicating a promising acceleration in performance in the second half of the year [2] - The company maintains a high level of orders on hand, with expectations for accelerated order acquisition in the second half of the year [2]

Group 1 - The company establishes a management system for external guarantees to effectively control guarantee risks and protect investors' rights [1] - The company emphasizes strict control over external guarantee risks, requiring all directors to be cautious and responsible for any losses from unauthorized guarantees [1][4] - Subsidiaries are treated as the company itself regarding external guarantees, and they must adhere to the same decision-making procedures [1] Group 2 - The company must conduct thorough investigations into the creditworthiness of guaranteed entities, generally refusing guarantees for those with low credit ratings [1] - Guarantees must require counter-guarantees from parties with actual capacity to undertake the obligations [1] - Certain external guarantee actions require approval from the shareholders' meeting, including guarantees exceeding 50% of the latest audited net assets or 30% of total assets [1][2] Group 3 - The board of directors has the authority to approve guarantees that do not require shareholders' meeting resolutions, needing a two-thirds majority of attending directors [2] - The company must provide complete information on external guarantees to registered accountants and include independent opinions in annual reports [2][3] - Daily management of guarantees includes written contracts and regular monitoring of the financial status of guaranteed entities [3] Group 4 - In case of default by the guaranteed party, the finance department must promptly inform the board and disclose relevant information [3] - The company must take effective measures to recover debts after fulfilling guarantee obligations and disclose recovery status [4] - Violations of the guarantee management system by directors or senior management will lead to accountability for damages caused to the company [4]

Core Viewpoint - The company reported a revenue of 4.432 billion yuan for the first half of 2025, reflecting a year-on-year growth of 8.95%. However, the net profit decreased to 473 million yuan, showing a decline of 26.57% compared to the previous year [1] Summary by Category Financial Performance - Revenue for the first half of 2025 reached 4.432 billion yuan, marking an increase of 8.95% year-on-year [1] - Net profit for the same period was 473 million yuan, which represents a decline of 26.57% year-on-year [1]