Group 1 - On August 27, New Asia Cable experienced a decline of 3.23% with a trading volume of 148 million yuan [1] - The financing data on the same day showed a financing purchase amount of 12.57 million yuan and a financing repayment of 19.70 million yuan, resulting in a net financing buy of -7.13 million yuan [1] - As of August 27, the total balance of margin trading for New Asia Cable was 55.16 million yuan, accounting for 4.32% of its circulating market value [1] Group 2 - As of June 30, the number of shareholders for New Asia Cable was 33,300, a decrease of 26.52% compared to the previous period [2] - The average circulating shares per person increased by 36.09% to 1,803 shares [2] - For the first half of 2025, New Asia Cable reported a revenue of 1.518 billion yuan, representing a year-on-year growth of 28.98%, while the net profit attributable to shareholders was 55.05 million yuan, a slight decrease of 0.42% [2] Group 3 - Since its A-share listing, New Asia Cable has distributed a total of 103 million yuan in dividends [3] - As of June 30, 2025, the largest circulating shareholder was Hong Kong Central Clearing Limited, holding 424,300 shares as a new shareholder [3]

Core Viewpoint - New Asia Cable has shown a mixed financial performance with a significant increase in revenue but a slight decrease in net profit, indicating potential growth opportunities alongside challenges in profitability [2]. Group 1: Financial Performance - As of June 30, New Asia Cable achieved a revenue of 1.518 billion yuan, representing a year-on-year growth of 28.98% [2]. - The net profit attributable to shareholders for the same period was 55.0459 million yuan, reflecting a slight decrease of 0.42% year-on-year [2]. - The company has distributed a total of 103 million yuan in dividends since its A-share listing [2]. Group 2: Shareholder and Market Activity - As of June 30, the number of shareholders for New Asia Cable was 33,300, a decrease of 26.52% compared to the previous period [2]. - The average number of circulating shares per shareholder increased by 36.09% to 1,803 shares [2]. - On August 26, the company recorded a financing buy-in amount of 11.4201 million yuan, with a net buy of 2.1524 million yuan, indicating active trading interest [1]. Group 3: Business Overview - New Asia Cable, established on July 2, 1999, is located in the Shatian Industrial Zone of Qingyuan City, Guangdong Province, and specializes in the research, production, and sales of electric wires and cables [1]. - The company's main revenue sources include power cables (39.94%), overhead wires (36.68%), and electrical equipment cables (22.94%) [1].

Company Updates - New Asia Cable announced that Secretary of the Board, Mr. Pan Zeguo, will no longer hold the position due to job transfer but will continue as a representative director and deputy general manager [1] - Mr. Zhang Jiajun has been appointed as the new Secretary of the Board after passing the qualification review by the Board Nomination Committee [1] Financial Performance - For the fiscal year 2024, New Asia Cable's revenue composition is as follows: Power cables account for 47.77%, overhead wires for 26.77%, electrical installation cables for 24.95%, cable pipes for 0.28%, and other businesses for 0.23% [1] - As of the report date, New Asia Cable has a market capitalization of 9 billion yuan [1]

Company Overview - New Asia Cable (SZ 001382) appointed Mr. Jia Jinping as the new Deputy General Manager, with the appointment approved by the company's board nomination committee [1] - After this appointment, the number of directors concurrently serving as senior management will not exceed half of the total number of directors on the board [1] Financial Performance - For the fiscal year 2024, New Asia Cable's revenue composition is as follows: Power cables account for 47.77%, overhead wires for 26.77%, electrical equipment wires and cables for 24.95%, cable pipes for 0.28%, and other businesses for 0.23% [1] - As of the report date, New Asia Cable has a market capitalization of 9 billion yuan [1]

Group 1 - New Asia Cable experienced a decline of 0.41% on August 22, with a trading volume of 89.81 million yuan [1] - The financing data on August 22 shows a financing purchase amount of 6.63 million yuan and a financing repayment of 7.53 million yuan, resulting in a net financing outflow of 0.89 million yuan [1] - As of August 22, the total balance of margin trading for New Asia Cable is 58.56 million yuan, which accounts for 4.44% of its market capitalization [1] Group 2 - As of March 31, the number of shareholders for New Asia Cable is 45,400, a decrease of 50.50% compared to the previous period [2] - The average circulating shares per person increased by 102.02% to 1,325 shares [2] - For the first quarter of 2025, New Asia Cable achieved an operating income of 605 million yuan, representing a year-on-year growth of 5.53%, and a net profit attributable to shareholders of 30.27 million yuan, up 3.40% year-on-year [2] Group 3 - Since its A-share listing, New Asia Cable has distributed a total of 103 million yuan in dividends [2] - The company specializes in the research, production, and sales of electric wires and cables, with its main revenue sources being power cables (47.77%), overhead wires (26.77%), and electrical equipment wires and cables (24.95%) [1]

Group 1 - The company, Xin Ya Cable (001382.SZ), primarily produces power cables, electrical equipment wires, and overhead conductors [1] - The main applications of the company's products include power, rail transit, construction engineering, new energy, and intelligent equipment [1] - The company currently does not manufacture UGEFP and UGEFHP specialized rubber-sheathed flexible cable products [1]

新亚电缆年入28亿深主板上市，广发证券保荐承销 费收了3441万元 瑞财经 王敏 3月21日，新亚电缆（001382.SZ）在深交所主板挂牌上市，独家保荐人为广发证券。截至3 月24日收盘，其收报29.25元，总市值120.51亿元。 据招股书，2021年-2023年及2024上半年，新亚电缆实现营收分别为28.93亿元、27.63亿元、30.13亿 元、11.77亿元；归母净利润分别为9644.16万元、1.11亿元、1.64亿元、5528.04万元。 2024年度，公司经审阅的营业收入为28.34亿元，同比下降5.94%，扣除非经常性损益后归属于母公司股 东的净利润为1.32亿元，同比下降19.19%，两者的下降幅度进一步收窄。 新亚电缆是一家专业从事电线电缆研发、生产和销售的企业，主要产品为电力电缆、电气装备用电线电 缆及架空导线等，经过多年自主技术创新及市场经验积累，公司产品质量稳定可靠、种类丰富，广泛应 用于电力、轨道交通、建筑工程、新能源、智能制造装备等领域。 | 项目 | 2024 年 1-6 | 2023 | 2022 | 2021 | | --- | --- | --- | --- | -- ...

Core Viewpoint - The marine economy sector is experiencing a significant surge, becoming a new focal point in the A-share market, with various related stocks showing strong performance [2][4][12]. Market Performance - The stock indices in the two markets showed a volatile adjustment, with the Shanghai Composite Index dropping 0.94% to below 3400 points, while the Shenzhen Component Index fell 1.42%, and the ChiNext Index decreased by 1.70% [2]. - The marine economy sector continued its strong performance, with stocks such as Shaoyang Hydraulic hitting a 20% limit up, and others like Annuoqi, Haimer Technology, and Hailanxin rising over 10% [2][11]. Sector Highlights - Key sectors showing strong performance include deep-sea technology, marine engineering equipment, fisheries, and oil service engineering, all of which saw significant gains [4][12]. - The marine economy's total production value is projected to exceed 10 trillion yuan, contributing 11.5% to GDP, marking it as a new engine for economic growth [12]. Government Initiatives - The government has emphasized "deep-sea technology" in its work report, indicating a strategic focus on the marine economy and the development of new technologies and products [12]. - The "Marine Power" strategy is expected to drive innovative financial tools like blue bonds to support high-quality development in the marine economy, particularly in green industries such as offshore wind power and seawater desalination [12]. Deep-Sea Technology - Deep-sea technology integrates multiple disciplines, including oceanography, materials science, and engineering technology, and is considered a core support for the national marine power strategy [13]. - This technology encompasses various fields such as detection and development equipment manufacturing, resource utilization, and ecological protection, aiming to overcome technical bottlenecks in extreme deep-sea environments [13].

Group 1 - Two new stocks are available for subscription on March 11, namely New Asia Cable and Silicon Electric [1] - New Asia Cable plans to issue a total of 62 million shares, with 18.6 million shares available for online subscription, at a price of 7.40 yuan and a price-to-earnings ratio of 18.71 [1] - Silicon Electric plans to issue a total of 10.43 million shares, with 10.43 million shares available for online subscription, at a price of 52.28 yuan and a price-to-earnings ratio of 26.23 [1] Group 2 - New Asia Cable specializes in the research, production, and sales of electric wires and cables, with main products including power cables and overhead conductors [1] - Silicon Electric focuses on the research, production, and sales of semiconductor-specific equipment [1]

Investment Rating - The investment rating for the company is "Buy," indicating that the stock is expected to outperform the market index by more than 15% over the next 6-12 months [31]. Core Viewpoints - The company, Xinya Cable (001382.SZ), specializes in the research, production, and sales of electric wires and cables, with a focus on power cables, electrical equipment cables, and overhead conductors. It has established a strong competitive position in the South China power grid sector, particularly through long-term partnerships with major clients like the Southern Power Grid [6][22]. - The company has shown a mixed financial performance, with projected revenues of 2.763 billion yuan in 2022, 3.013 billion yuan in 2023, and 2.834 billion yuan in 2024, reflecting year-over-year changes of -4.50%, 9.03%, and -5.94% respectively. The net profit attributable to the parent company is expected to be 111 million yuan in 2022, 164 million yuan in 2023, and 135 million yuan in 2024, with year-over-year changes of 14.85%, 48.40%, and -17.94% respectively [7][22]. Summary by Sections Basic Financial Status - The company achieved operating revenues of 2.763 billion yuan, 3.013 billion yuan, and 2.834 billion yuan for the years 2022, 2023, and 2024, with corresponding year-over-year growth rates of -4.50%, 9.03%, and -5.94% [7][22]. - The net profit attributable to the parent company was 111 million yuan, 164 million yuan, and 135 million yuan for the same years, with year-over-year growth rates of 14.85%, 48.40%, and -17.94% [7][22]. Industry Situation - The electric wire and cable industry plays a crucial role in the national economy, maintaining stable growth due to rapid industrialization and urbanization in China. The industry is expected to continue growing, driven by investments in smart grids, urban infrastructure, and renewable energy [13][14]. Company Highlights - Xinya Cable is recognized as a leading enterprise in the South China power grid sector, with a strong partnership with the Southern Power Grid. The company has been involved in significant national projects and has maintained a stable revenue contribution from this key client, accounting for approximately 40% of its total revenue [22][23]. - The company is actively enhancing its research and development capabilities for specialty cables, targeting new applications in automotive and robotics sectors. This includes the development of fire-resistant cables and cables for electric vehicle charging [23][24]. Comparison with Peers - Compared to its peers, Xinya Cable's revenue and gross margin are below the industry average. The average revenue for comparable companies in 2023 was 5.152 billion yuan, with an average PE-TTM of 24.83X and an average gross margin of 15.28% [26][27].