Core Viewpoint - The company, Hebei Huatong Cable Group Co., Ltd., is engaged in the research, production, and sales of electrical cables, with a significant focus on the smart grid and photovoltaic industries, benefiting from the depreciation of the RMB and a global sales strategy [2][4][8]. Company Overview - Hebei Huatong Cable Group was established on June 21, 2002, and went public on May 11, 2021. The main business revenue composition includes electrical cables and others (86.45%), continuous pipes and operating devices (9.99%), and other (3.56%) [8]. - As of March 31, 2025, the company had 14,000 shareholders, a decrease of 12.75% from the previous period, with an average of 36,538 circulating shares per person, an increase of 14.61% [8]. Financial Performance - For the first quarter of 2025, the company achieved a revenue of 1.536 billion yuan, representing a year-on-year growth of 11.25%. However, the net profit attributable to the parent company was 41.71 million yuan, a decrease of 53.79% year-on-year [8]. - The company has distributed a total of 107 million yuan in dividends since its A-share listing, with 94.47 million yuan distributed over the past three years [9]. Market Position and Trends - The company operates in various sectors, including marine economy, smart grid, industrial internet, and oil and gas exploration, with a significant overseas revenue share of 66.81%, benefiting from the depreciation of the RMB [4][8]. - The stock has shown a recent increase of 0.59% with a trading volume of 235 million yuan and a turnover rate of 2.13%, with a total market capitalization of 11.242 billion yuan [1]. Technical Analysis - The average trading cost of the stock is 17.83 yuan, with recent accumulation activity noted, although the strength of this accumulation is weak. The stock price is approaching a resistance level of 22.77 yuan, indicating potential for a pullback if this level is not surpassed [7].

Core Viewpoint - Tongda Co., Ltd. has recently secured a significant order from the State Grid, indicating strong growth potential in its core cable business and overall financial performance [2][3]. Group 1: Recent Orders and Financial Performance - On June 17, Tongda Co., Ltd. announced a pre-bid win for a State Grid procurement project valued at 137 million yuan, which is approximately 2.20% of the company's total revenue for 2024 [3]. - Since May, the total value of pre-bid orders from the State Grid has reached 520 million yuan, showcasing the company's strong market position [5]. - In Q1 2025, the company reported a 61.98% year-on-year increase in new orders, reflecting robust demand for its products [6]. Group 2: Revenue and Business Segments - The cable business is the primary revenue source for Tongda Co., accounting for over 50% of total revenue, with a reported revenue of 32.33 billion yuan in 2024, up 16.63% year-on-year [8]. - The company aims to achieve an annual revenue target of 10 billion yuan by 2025 as part of its "511" development plan, marking the final year of this strategic initiative [8]. - In Q1 2025, Tongda Co. achieved a revenue of 1.474 billion yuan, representing a 39.35% increase compared to the previous year [7]. Group 3: Strategic Goals and Market Position - Tongda Co. has been recognized as a leading enterprise in the Henan province's wire and cable industry, with products utilized in over 600 national key projects [5]. - The company has set ambitious goals to become a leader in both the cable and aerospace component processing sectors, aiming for a total revenue of 100 billion yuan within five years [8]. - The company has experienced fluctuations in performance since its listing in 2011, but recent trends indicate a stabilization in revenue and profit growth [7].

Core Insights - The company Tongda Co., Ltd. (002560) has announced a potential winning bid for low-voltage power cable procurement from the State Grid Corporation of China, with a total value of approximately RMB 137 million, which represents about 2.20% of the company's projected revenue for 2024 [1] Summary by Category Procurement Details - The company is a candidate for three procurement packages of low-voltage power cables, with bid amounts of RMB 82.67 million, RMB 41.34 million, and RMB 12.56 million for different packages in Shanghai and Zhejiang [1] Financial Impact - The expected winning bid is anticipated to have a positive impact on the company's future operational activities and financial performance [1]