Group 1 - The core point of the article is that Tongda Co., Ltd. announced the resignation and re-election of independent directors during its board meeting held on November 24, 2025 [1] - For the first half of 2025, the revenue composition of Tongda Co., Ltd. is as follows: 45.74% from wire and cable manufacturing, 38.62% from non-ferrous metal aluminum processing, 12.26% from trade sales, 2.71% from machinery manufacturing and processing, and 0.68% from other sources [1] - As of the report date, the market capitalization of Tongda Co., Ltd. is 4.4 billion yuan [1] Group 2 - The article also mentions that another company, which recently went public, is under investigation by the China Securities Regulatory Commission due to a significant loss exceeding 100 million yuan and a major client reducing purchases by using its own production [1]

Core Viewpoint - Tongda Co., Ltd. (SZ 002560) expects a significant increase in net profit for the first three quarters of 2025, projecting a growth of 50.01% to 111.12% year-on-year, driven by a focus on core business and optimized customer structure [1] Financial Performance - The projected net profit for the first three quarters of 2025 is between 108 million to 152 million yuan, with basic earnings per share estimated at 0.2054 to 0.2891 yuan [1] - The increase in performance is attributed to sustained rapid growth in operating revenue and stable product gross margins [1] Business Segments - For the first half of 2025, the revenue composition of Tongda Co., Ltd. is as follows: - Wire and cable manufacturing: 45.74% - Non-ferrous metal aluminum processing: 38.62% - Trade sales: 12.26% - Machinery manufacturing and processing: 2.71% - Others: 0.68% [1] Market Position - As of the report date, Tongda Co., Ltd. has a market capitalization of 3.9 billion yuan [1]