证券代码：605277 证券简称：新亚电子 公告编号：2025-025 新亚电子股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 每股分配比例 A 股每股现金红利0.15元 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 28 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 本次利润分配以方案实施前的公司总股本324,297,261股为基数，每股派发现金红利0.15 元（含税） | 股份类别 | 股权登记日 | | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/13 | － | 2025/6/16 | 2025/6/16 | | 四、 分配实施办法 （1）无限售条件流通股的红利委托中国结算上海分公司通过 ...

Core Viewpoint - The resignation of Li Gang as chairman of Wanma Co., Ltd. raises questions about the future strategic direction of the company and the role of Qingdao's state-owned assets in its next phase of development [2][11]. Company Background - Wanma Co., Ltd. was established in 1996 and is headquartered in Hangzhou, Zhejiang. It was listed on the Shenzhen SME Board in 2009 and specializes in the R&D, production, and sales of electric wires and cables, polymer materials, and electric vehicle charging equipment [2]. - The company became closely associated with Qingdao in November 2020 when Qingdao West Coast New Area Ocean Holding Group Co., Ltd. became its largest shareholder [2][3]. Recent Developments - Following the acquisition by Qingdao state-owned assets, Wanma Co., Ltd. has expanded its investments and operations in Qingdao, including acquiring stakes in subsidiaries and signing new projects [3]. - In December 2020, Wanma's subsidiary acquired a 69% stake in Shandong Wan'en New Energy Technology Co., which became a wholly-owned subsidiary [5]. - In January 2021, Wanma announced a total investment of 1 billion yuan in a new energy project in the West Coast New Area, focusing on the R&D, manufacturing, and operation of electric vehicle charging stations [5]. Leadership Background - Li Gang, who resigned as chairman, has a strong background in Qingdao and has held various leadership roles in companies related to real estate and new energy [6][8]. - During his tenure, Wanma Co., Ltd. experienced revenue growth, but net profit showed significant volatility, indicating challenges during the company's strategic transformation [8]. Financial Performance - In 2023, Wanma Co., Ltd. reported total revenue of 15.121 billion yuan and a net profit of 555 million yuan, representing year-on-year growth of 3.04% and 34.97%, respectively [8]. - For 2024, the company projected revenue of 17.761 billion yuan, a 17.46% increase, but a decline in net profit to 341 million yuan, down 38.57% [9][10]. Strategic Focus - Wanma Co., Ltd. has established a collaborative development model across its product lines, with significant contributions from power products and polymer materials, which accounted for 66.14% and 29.20% of total revenue in 2023 and 2024, respectively [10]. - The company is also expanding its market presence in new regions and sectors, including heavy-duty logistics and renewable energy, with a notable 437% increase in sales of charging equipment for heavy-duty vehicles [10]. Future Outlook - The company plans to develop a funding strategy for 2025 to enhance capital efficiency and reduce costs, while the strategic direction post-Li Gang's resignation will be closely monitored [11].

Core Viewpoint - Jiangsu Dongfeng Cable Co., Ltd. has received multiple prestigious awards in the "2025 China Wire and Cable Bidding Procurement Evaluation and Recommendation Activity," highlighting its strong bidding capabilities and comprehensive strength in the industry [1][4][5]. Group 1: Company Achievements - Jiangsu Dongfeng Cable Co., Ltd. was recognized as one of the "Top 100 Bidding Strength Wire and Cable Suppliers in China 2025" and "Top 50 Comprehensive Strength Power Cable Suppliers in China 2025" [1][5]. - The company also earned titles such as "Top 10 Recommended Brands in Wire and Cable Bidding Procurement 2025" and "Top 10 Brands in Wire and Cable 2025" [1][4]. Group 2: Company Background - Established in 1988, Jiangsu Dongfeng Cable Co., Ltd. is a national high-tech enterprise that integrates research and development, production, and sales of various wire and cable products [7]. - The company has built a strong reputation and brand image over more than 30 years of focus on product development, manufacturing, and service [7]. Group 3: Research and Development - Dongfeng Cable collaborates with various research innovation platforms, universities, and military units for technological research and development [8]. - The company has developed advanced cable products, including high-voltage and fire-resistant cables, and has mastered key manufacturing technologies [8]. Group 4: Market Applications - Dongfeng Cable's products are widely used in sectors such as power, railways, aerospace, petrochemicals, metallurgy, and construction [9]. - Major clients include State Grid Corporation, China Southern Power Grid, China Railway Corporation, and Sinopec, with products utilized in significant national projects [9]. Group 5: Customer Service and Recognition - The company has received numerous accolades for its performance in technology research, product quality, market application, and customer service [10]. - Awards include "National Green Factory," "Jiangsu Province Specialized and Innovative Enterprise," and "AAA Credit Enterprise," reflecting its commitment to high-quality development and service [10].

Core Insights - The electric vehicle (EV) market is experiencing significant growth, with sales and consumer interest reaching new highs, but concerns about charging wait times, range anxiety, and the convenience of charging infrastructure remain prominent [1] - Charging efficiency is identified as a core pain point, driving the rapid development of megawatt-level ultra-fast charging technology, where the performance of charging cables plays a crucial role in achieving a seamless charging experience [1] - Far East Cable Co., a leading cable manufacturer, is actively working on comprehensive technical solutions to address these challenges, leveraging multiple core technologies [1] Charging Technology - Far East Cable has developed a liquid-cooled high-power charging cable that significantly reduces cable diameter and weight, allowing for easier handling and operation [10] - The cable can maintain stable and controllable temperatures even under continuous operation at power levels exceeding 1500 kW, enhancing charging efficiency for electric vehicles and trucks [10] - The liquid cooling system acts as a "silent and efficient cooling engine," improving user experience by eliminating the cumbersome nature of traditional cables [10] Lightweight Solutions - Far East Cable has introduced a high-performance aluminum busbar solution that transforms the energy flow within electric vehicles, offering advantages over traditional copper wiring [11][21] - Compared to traditional copper busbars, aluminum busbars are lighter, dissipate heat faster, and are more cost-effective, achieving a weight reduction of 40% and a cost reduction of 30% while maintaining comparable conductivity and mechanical strength [21] - This innovation doubles the charging efficiency and significantly reduces overall vehicle energy consumption, extending the driving range [21] Data Transmission - The company has designed high-speed cables for automotive electronic systems that support transmission rates from 100 Mbps to 10 Gbps, far exceeding traditional standards [22] - These cables enhance real-time data processing capabilities, crucial for advanced driver-assistance systems (ADAS) and other high-bandwidth applications [22] - The lightweight design of these cables reduces weight by 30% to 50%, optimizing vehicle layout and energy efficiency [22] Market Dynamics - The competition in the EV market has evolved from merely comparing sales figures to a comprehensive contest of technology, user experience, and ecosystem [23] - Addressing core user anxieties, particularly regarding charging and range, requires collaborative innovation across the industry supply chain [23] - Far East Cable's 40 years of expertise and technological innovation provide robust support for efficient charging, range breakthroughs, and smart upgrades, enhancing the overall experience of electric mobility [23]

河北华通线缆集团股份有限公司 董事会薪酬与考核委员关于公司 2025 年限制性股票 激励计划（草案）的核查意见 河北华通线缆集团股份有限公司（以下简称"公司"）董事会薪酬与考核委 员会依据《中华人民共和国公司法》 （以下简称"《公司法》"） 《中华人民共和 国证券法》（以下简称"《证券法》"）《上市公司股权激励管理办法》（以下简 称"《管理办法》"） 《上海证券交易所股票上市规则》 （2）最近一个会计年度财务报告内部控制被注册会计师出具否定意见或无 法表示意见的审计报告； （3）上市后最近 36 个月内出现过未按法律法规、公司章程、公开承诺进行 利润分配的情形； （4）法律法规规定不得实行股权激励的； （5）中国证监会认定的其他情形。 （1）最近 12 个月内被证券交易所认定为不适当人选； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （3）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行政处 罚或者采取市场禁入措施； （以下简称"《上市规则》"） 和《河北华通线缆集团股份有限公司章程》（以下简称"《公司章程》"）等有 关规定，对《河北华通线缆集团股份有限公司 2025 年 ...

河北华通线缆集团股份有限公司 2025 年限制性股票激励计划实施考核管理办法 河北华通线缆集团股份有限公司 河北华通线缆集团股份有限公司（以下简称"公司"）为进一步健全公司经 营机制，完善公司的法人治理结构，形成良好、均衡的薪酬考核体系，建立股东 与经营管理层及核心骨干之间的利益共享、风险共担机制，确保公司未来发展战 略和经营目标的实现，为股东带来更为持久、丰厚的回报，制定了《河北华通线 缆集团股份有限公司 2025 年限制性股票激励计划（草案）》（以下简称"《激励 计划（草案）》"）。为保证本次股权激励计划能够顺利实施，公司根据《公司法》 《证券法》《上市公司股权激励管理办法》以及其他法律、法规、规范性文件和 《公司章程》的规定，结合公司实际情况，制订了《2025 年限制性股票激励计 划实施考核管理办法》（以下简称"本办法"）。 第一章 总 则 第一条 考核目的 进一步完善公司法人治理结构，建立和完善公司激励约束机制，保证股权激 励计划的顺利实施，进而确保公司发展战略和经营目标的实现。 第二条 考核原则 考核评价以公开、公平、公正的原则为基础，严格按照本办法和激励对象的 业绩进行评价，以实现本次股权激励计划 ...

Group 1 - The stock of Shangwei Co., Ltd. has experienced a significant increase, with 7 out of 9 trading days resulting in a trading limit increase, leading to a cumulative rise of 71.35% and a turnover rate of 101.51% [2] - As of 9:50 AM, the stock's trading volume reached 96.97 million shares, with a transaction amount of 919 million yuan, resulting in a turnover rate of 15.60% [2] - The total market capitalization of the A-shares reached 5.985 billion yuan [2] Group 2 - The stock has appeared on the Dragon and Tiger list four times due to a cumulative deviation in the increase of 20% over three consecutive trading days, with a daily drop deviation of 7% and a daily increase deviation of 7% [2] - The net selling amount from the leading brokerage firms on the buy and sell side totaled 19.90 million yuan [2] Group 3 - The company's Q1 report indicated a total operating revenue of 242 million yuan, reflecting a year-on-year decrease of 4.15%, while the net profit was -14 million yuan, showing a year-on-year increase of 12.25% [2] Group 4 - Recent trading data shows fluctuations in daily price changes and turnover rates, with notable days including a 10.06% increase on May 29 and a 10.04% decrease on May 30 [2]

5月铜市运行平稳，沪铜价格持续在78000元/吨附近窄幅震荡。伦铜与沪铜走势总体趋同，不过受库存下降及美元走弱 等因素提振，伦铜表现强于沪铜。 市场聚焦海外宏观数据 5月初，英美就关税贸易协议条款达成一致，市场对全球贸易环境改善的预期升温，美元指数随之小幅回升。5月 12 日，商务部发布中美日内瓦经贸会谈联合声明，宣布中美贸易谈判达成重要共识，这一进展促使市场风险偏好显著回 升，铜价受此提振一度走强。 此外，美联储5月议息会议维持暂缓降息节奏。美联储主席鲍威尔表示，高关税可能推升通胀并加剧就业市场压力，当 前货币政策处于适度限制性区间，潜在通胀前景可控，因此维持观望是明智选择。在美联储公布最新利率决议两天 后，多位美联储官员重申控制通胀预期的重要性，认为贸易政策的不确定性可能导致利率维持高位的时间更长。 综上所述，6月铜价将继续高位震荡。（作者单位：国元期货） 截至5月30日当周，进口铜精矿加工费报-43.56美元/吨，较4月末的- 42.61美元/吨进一步走低。自今年1月24日由正转负 后，进口铜精矿加工费持续震荡下行，反映出矿石供应压力持续凸显。废铜方面，今年以来从美国进口的废铜数量持 续减少，虽对日本废 ...

Investment Rating - The investment rating for the company is "Accumulate" (首次) [5] Core Views - The company is recognized as a national-level "little giant" in the wire and cable industry, with a projected revenue growth of 20.19% year-on-year in 2024. The main products include power cables below 500kV, which are widely used in various sectors such as power, energy, transportation, and construction [5][6] - The company is expected to achieve a revenue of 3.585 billion yuan in 2024, with a net profit of 132.92 million yuan, reflecting a year-on-year increase of 8.43% [5][6] - The demand for cables is driven by equipment renewal policies and new infrastructure plans, with the power cable business projected to grow by 22% in 2024 [5][6] Financial Summary - The company’s total market capitalization is approximately 3.297 billion yuan, with a circulating market value of about 1.913 billion yuan [3] - The company’s earnings per share (EPS) for 2025 is projected to be 0.45 yuan, with corresponding price-to-earnings (P/E) ratios of 22.4, 19.3, and 16.1 for 2025, 2026, and 2027 respectively [6][7] - The company is expected to maintain a gross margin of 10.86% and a net margin of 3.71% in 2024 [5][7] Market Position and Strategy - The company aims to enhance its market position by focusing on high-voltage and special cables, while also expanding its presence in the new energy cable sector [5][6] - The company has established a strong customer base, with the State Grid Corporation and China Southern Power Grid being the largest clients, accounting for 63% of total sales [5][6] - The company plans to continue strengthening its market share in the local power sector and expand into large state-owned enterprises and foreign trade markets [6]

转自：前瞻产业研究院 行业主要上市公司：金杯电工(002533.SZ);宝胜股份(600973.SH);远东股份(600869.SH);金龙羽(002882.SZ);汉 缆股份(002498.SZ);尚纬股份(603333.SH);起帆电缆(605222.SH)等 本文核心数据：电线电缆行业投融资规模;代表性企业融资事件;兼并重组 1、近期国内电线电缆行业投融资规模近年迅速增长 电线电缆行业作为传统制造产业，据IT桔子统计，2020年及之前国内融资事件较少;2021年，随着新能源的 火热和智能电网等兴起，以及产业升级背景下对高端制造装备的需求，都进一步刺激了特种电线电缆的发 展，具有核心研发技术优势的企业获得资本融资，投资数量从2020年的2起增长至2024年的9起;融资金额也 从2020年的2亿元升至2024年的19.8亿元。2025年截至3月31日，我国电线电缆行业融资数量已有3起，金额 累计已达3.4亿元。 2、电线电缆领域单笔融资规模呈增加趋势，投资轮次开始集中在晚期战略投资阶段 从单笔融资金额来看，2011-2017年平均规模基本在5000万元以下，近年来整体呈升高趋势，2024年平均单 笔融资金额 ...