Group 1 - The company Xin Hong Ye (SZ 301310) announced a board meeting on September 5, 2025, to review the report on the simplified procedure for issuing stocks to specific targets for the year 2025 [1] - For the first half of 2025, Xin Hong Ye's revenue composition was as follows: 56.21% from new energy vehicle cables, 24.5% from photovoltaic cables, 13.54% from industrial cables, 4.18% from other businesses, and 1.57% from miscellaneous [1] - As of the report date, Xin Hong Ye's market capitalization was 5.4 billion yuan [1]

Core Viewpoint - The document provides a supplementary legal opinion regarding the issuance of A-shares by Remote Cable Co., Ltd. for the year 2024, confirming compliance with relevant laws and regulations, and detailing the approval and authorization processes for the issuance [1][3]. Summary by Sections Approval and Authorization - The board of directors and shareholders of Remote Cable Co., Ltd. have approved the extension of the validity period for the resolution regarding the issuance of A-shares by 12 months, extending it to July 14, 2026 [4][5]. - The issuance plan remains unchanged aside from the extension of the resolution's validity period [5]. Issuer's Qualification - Remote Cable Co., Ltd. is a legally established joint-stock company with its stock listed on the Shenzhen Stock Exchange, holding a registered capital of 718.146 million RMB [6][7]. - The company is in good standing, with no legal circumstances necessitating dissolution, and its stock continues to trade on the Shenzhen Stock Exchange under the code "002692" [6][7]. Substantial Conditions for Issuance - The issuance of shares complies with the conditions set forth in the Company Law, Securities Law, and relevant regulations, including a share price of 3.22 RMB, which is not lower than the par value [7][10]. - The funds raised from this issuance will be used to supplement working capital, aligning with national industrial policies [10][12]. Shareholder Structure - The major shareholders include Su Xin Investment and its action partner, Lianxin Assets, holding 18.11% and 10.56% of shares, respectively [15][14]. - The document outlines the shareholding structure and confirms that there are no pledges or freezes on the shares held by the controlling shareholders [15][14]. Business Operations - Remote Cable Co., Ltd. holds various operational licenses, including for the manufacturing of wires and cables, and has maintained its business scope without significant changes over the past three years [16][18]. - The company has not engaged in any major illegal activities that would harm investor rights or public interests in the last three years [9][18].

Core Viewpoint - The company is responding to the second round of inquiry from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, addressing various questions related to its financial performance and operational strategies. Financial Performance - The company's main business gross profit margins over the reporting period were 10.93%, 10.92%, and 10.29% respectively, indicating a downward trend [2][6] - The net cash flow from operating activities for the company was -59,588,044.04 yuan, 76,429,593.57 yuan, and 30,635,791.73 yuan over the last three years, showing significant fluctuations [2][6] - The net profit for the first half of 2025 was 54,278,200 yuan, representing a year-on-year increase of 93.46% [11] Sales and Marketing Strategy - The company relies on sales promotion consultants to assist in market channel development and sales, which is a common practice in the cable industry [3][5] - The sales promotion consultants primarily provide services related to market demand feedback, contract signing, and payment collection, without engaging in logistics or installation services [3][5] Industry Context - The cable industry in China has experienced rapid growth since the 1990s, becoming the second-largest producer globally, only behind the United States [4] - The industry has a low overall gross profit margin, typically ranging from 10% to 12%, due to intense competition and a predominance of low-end products [6][9] - The company’s gross profit margin is slightly below the average of comparable companies, reflecting the competitive landscape and product structure differences [9][11] Future Outlook - The cable manufacturing market is projected to remain significant, with ongoing investments in infrastructure and emerging industries such as renewable energy driving demand [12][14] - The company is increasing its research and development investments to enhance product quality and expand its market presence [14] - The company plans to improve its sales capabilities by expanding its sales team and establishing new regional offices, aiming for better customer service and market penetration [5][11]

Core Viewpoint - The company is responding to inquiries from the Shenzhen Stock Exchange regarding its stock issuance application, addressing issues related to investor lawsuits, sales promotion consultant models, profitability stability, cash flow, and financial investments [1] Investor Lawsuit Impact - The company received an investor lawsuit on March 4, 2025, claiming economic damages of 221,800 yuan and legal fees of 15,000 yuan due to past information disclosure violations. The case is currently in the material supplement stage after one court hearing [2] - The maximum potential compensation could reach 16.82 million yuan, but it is not expected to significantly impact the company's operations or financial status. The company has removed the statement regarding the event being incidental and added relevant risk disclosures [2] Sales Promotion Consultant Model Analysis - During the reporting period, the company paid sales service fees to sales promotion consultants amounting to 146.84 million yuan, 127.91 million yuan, and 152.01 million yuan, primarily to individuals. These consultants assist in market channel development, contract signing, and payment tracking [3] - The company maintains this business model due to historical reasons and plans to expand its sales team starting from the end of 2023, aligning with industry practices [3] Profitability Stability and Sustainability Discussion - The company's main business gross margin has been declining, recorded at 10.93%, 10.92%, and 10.29% during the reporting period, influenced by industry competition and raw material price fluctuations. The company’s gross margin is slightly below the industry average but follows a similar trend [4] - Despite the challenges, the company’s future profitability is expected to remain stable and sustainable due to the large market size of the wire and cable manufacturing industry, emerging opportunities from new industries, and ongoing investments in research and development [4] Cash Flow Discrepancy and Risk Analysis - There is a significant discrepancy between the net cash flow from operating activities and net profit, with negative cash flow in 2024 and the first half of 2025, primarily due to business expansion and a higher growth rate of receivables compared to payables [5] - The company shows improving accounts receivable and inventory turnover rates, indicating better inventory management and a low risk of deteriorating cash flow [5] Financial Investment Compliance - As of June 2025, the company's investment in a subsidiary is classified as a financial investment, but its book value is zero. The company has not made actual investments in its film subsidiary, as the related contributions are for bankruptcy liquidation purposes [6] Additional Information - No significant public opinion or media scrutiny has arisen that could affect the current stock issuance since its acceptance by the Shenzhen Stock Exchange [7]

Group 1 - The core point of the article is that Zhongchao Holdings announced the convening of its fifth extraordinary general meeting of shareholders for 2025 on September 4, 2025, to review the proposal regarding the guarantee limit for its wholly-owned subsidiary Zhongchao Cable [2] Group 2 - The extraordinary general meeting was held on the evening of September 4, 2025 [2] - The proposal under review involves providing a guarantee limit for Zhongchao Cable, which is a wholly-owned subsidiary of Zhongchao Holdings [2] - The announcement was made through a public notice by Zhongchao Holdings [2]

Core Viewpoint - The company has provided detailed responses to the Shenzhen Stock Exchange's inquiry regarding its stock issuance, addressing issues related to its sales promotion consultant model, gross profit margin, operating cash flow, and recognition of financial investments [1]. Sales Promotion Consultant Model - The company paid sales service fees to consultants amounting to 146.84 million, 127.91 million, and 152.01 million yuan during the reporting period. These consultants are primarily responsible for market channel development, assisting in contract signing, and payment collection [2]. - The reliance on local sales consultants is due to the widespread application of the cable industry and the need for experienced local representatives. This model has been historically established in the industry, and the company plans to expand its sales team starting at the end of 2023 [2]. - The sales promotion consultant model is considered reasonable and aligns with industry practices, with the company's service fees as a percentage of revenue being comparable to peers despite some variations [2]. Stability and Sustainability of Main Business Profitability - The company's gross profit margins during the reporting period were 10.93%, 10.92%, and 10.29%, showing a downward trend [3]. - The cable industry faces intense competition and price fluctuations in raw materials, with an overall gross margin of approximately 10%-12%. The company's gross margin is slightly below the average but comparable to some peers [3]. - The company focuses on specialty cables, which significantly influence its gross margin. Despite a stable product structure, the gross margins of major products have declined [3]. - The market for wire and cable manufacturing exceeds one trillion yuan, with emerging industries creating new demand. The company is expected to maintain stable and sustainable profitability due to its strong customer base, brand influence, and increased R&D investment [3]. Operating Cash Flow Situation - The net cash flow from operating activities for the company was 30.64 million, 76.43 million, and -59.59 million yuan during the reporting period, with the recent negative cash flow attributed to business expansion and an increase in operating receivables [4]. - The company has shown an upward trend in accounts receivable turnover and inventory turnover, indicating improved inventory management. The risk of deteriorating cash flow is considered low due to strong customer credit and collection capabilities [4]. - The recognition of financial investments is compliant with regulations, with the company's investment in Electric Science Chengding being classified as a financial investment with a book value of zero as of June 2025 [4].

| 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 深股通专用 | 14355.03 | 6852.99 | | 买二 | 国泰海通证券股份有限公司上海松江区中山东路证券营 业部 | 7170.02 | 7.96 | | 买三 | 开源证券股份有限公司西安西大街证券营业部 | 5926.03 | 11.61 | | 买四 | 东方证券股份有限公司无锡新生路证券营业部 | 4941.89 | 19.46 | | 买五 | 国泰海通证券股份有限公司南京太平南路证券营业部 | 4478.05 | 72.62 | | 卖一 | 深股通专用 | 14355.03 | 6852.99 | | 卖二 | 机构专用 | 1516.80 | 3108.50 | | 卖三 | 机构专用 | 1474.95 | 2736.24 | | 卖四 | 中国国际金融股份有限公司上海分公司 | 264.36 | 1559.38 | 卖五 招商证券股份有限公司深圳益田路免税商务大厦证券营 业部 （文章来源：证券时报网） 金龙 ...

Group 1 - The company is primarily engaged in the wire and cable industry, focusing on the research, production, and operation of wire and cable products [2] - The main products of the company include power cables rated at 500kV and below, special cables, bare conductors, and electrical equipment wires and cables [2] - The company does not currently involve in the research and production of solid-state batteries [2]

Core Viewpoint - The company is actively exploring the humanoid robot application field, although this business has not yet generated sales revenue [2] Group 1: Company Overview - The company's products in consumer electronics and industrial control wiring can be applied in industrial control equipment and robotics [2] - The company is currently focused on expanding its presence in the humanoid robot application sector [2]

Core Viewpoint - Far East Holdings (600869.SH) has reported significant growth in contract orders and revenue, achieving historical highs in both areas, indicating strong market demand and operational recovery. Group 1: Contract Orders - In August 2025, the company received contract orders exceeding 10 million yuan totaling 1.689 billion yuan, bringing the total for January to August to 19.855 billion yuan, a year-on-year increase of 10.80% [1][2] - The smart cable network business accounted for 16.293 billion yuan in contract orders, up 13.73% year-on-year; the smart battery business saw 1.601 billion yuan, a 23.78% increase; and the smart airport business reached 1.961 billion yuan [2] Group 2: Financial Performance - For the first half of 2025, the company reported revenue of 12.976 billion yuan, a year-on-year increase of 14.38%, with a net profit of 1.44 billion yuan, reflecting a 210.6% increase [4][6] - The smart cable network business generated 11.486 billion yuan in revenue, up 11.64%, while the smart battery business achieved 687 million yuan, a 40.13% increase, and the smart airport business reached 751 million yuan, growing 37.46% [4][6] Group 3: Market Activity - The company's stock price rose significantly, reaching 6.69 yuan per share by September 2, 2025, marking a 158.3% increase over the past month [1][6] - Hong Kong Central Clearing Limited increased its holdings by 11.3635 million shares, becoming the fourth-largest shareholder [1][6] Group 4: Strategic Initiatives - The company is actively expanding its international market presence, particularly in offshore wind projects in Vietnam, high-voltage cable projects in the Philippines, and power supply projects in Thailand and Africa [3] - Far East Holdings is focusing on innovation in the offshore wind power sector, having completed the first aluminum core submarine cable project in Guangdong [3]