证券日报网讯12月24日，通光线缆（300265）在互动平台回答投资者提问时表示，公司光纤光缆产品分 为通信光缆、电力光缆、海底光电缆及通信光纤，具体应用领域等介绍请参考定期报告相关章节，其中 通信光缆主要发挥数据信号传输通道的作用，广泛应用于现代通信网络中。 ...

Group 1 - The company Huayuan Communication (000586.SZ) plans to issue A-shares to specific investors, with the cash subscription for all new shares not exceeding 53,649,956 shares [1] - The chairman of the company, Li Hongxing, is the actual controller of the acquiring party, Hefei Dingyun Technology Industry Development Partnership, marking a management buyout and ending the company's recent status of having no controlling shareholder [1] - The valuation report from Zhongzi Asset Appraisal Co., Ltd. indicates that as of September 30, 2025, the total equity value of Huayuan Communication is 2.553 billion yuan, significantly increasing by 2.409 billion yuan from the book equity of 144 million yuan, with a growth rate of 1671.83% [1] Group 2 - Huayuan Communication was listed on the Shenzhen Stock Exchange in 1995, with main businesses including power optical cables, online monitoring products, highway electromechanical engineering, and vehicle-mounted optoelectronic products [2] - In the first three quarters of 2025, the company achieved an operating income of 361 million yuan and a net profit attributable to shareholders of 14.76 million yuan, with a debt-to-asset ratio of 43.66% [2] - The second-largest shareholder, Guangzhou Huifu Qiji Investment Partnership, holds 26.6 million shares, and another director, Liu Zhongyi, holds 3 million shares, both of which are currently under judicial freeze due to related economic disputes [2]

Core Points - The stock price of Huiyuan Communication increased by 2.05% on December 2, reaching 13.46 CNY per share, with a market capitalization of 2.604 billion CNY [1] - Year-to-date, the stock has risen by 41.68%, with a recent 0.90% increase over the last five trading days [2] - The company reported a revenue of 361 million CNY for the first nine months of 2025, reflecting a year-on-year growth of 30.37% [3] Financial Performance - As of September 30, 2025, Huiyuan Communication achieved a net profit of 14.76 million CNY, a significant increase of 665.31% year-on-year [3] - The company has not distributed any dividends in the last three years, with a total payout of 5.8032 million CNY since its A-share listing [4] Shareholder Information - The number of shareholders decreased by 1.67% to 16,400, while the average number of circulating shares per person increased by 1.70% to 11,780 shares [3] - Notable changes in institutional holdings include the exit of two funds from the top ten circulating shareholders as of September 30, 2025 [4] Business Overview - Huiyuan Communication specializes in power optical cables, online monitoring, blown micro cables, plastic optical fibers, and related products, with the main revenue sources being optical cables and fibers (48.96%) and online monitoring products (44.12%) [2] - The company is categorized under the communication equipment industry, specifically in the communication cables and accessories sector [2]

Core Viewpoint - Huiyuan Communication (000586.SZ) has resumed trading and announced a plan for a change of control, with the company intending to issue shares to a company controlled by Chairman Li Hongxing, raising no more than 600 million yuan to supplement liquidity [2][3]. Group 1: Change of Control - After nearly ten years of maneuvering, Li Hongxing has finally gained actual control of Huiyuan Communication, ending a long-standing power struggle among major shareholders [3][4]. - The plan involves a private placement of 53,649,956 shares to Dingyun Industry, controlled by Li Hongxing, which will hold 21.71% of the shares post-issue, allowing for a combined holding of 32.75% with another major shareholder [6][10]. - The second-largest shareholder, Huifu Qiji Investment, lost its controlling stake due to judicial auction of some shares, creating an opportunity for Li Hongxing's faction [6][7]. Group 2: Capital Operations - Li Hongxing's capital operations have been ongoing for nearly a decade, with significant moves made in 2021 when he brought in major investors to support his control ambitions [4][7]. - The recent capital infusion from Dingyun Industry is crucial, as it will provide the necessary cash to complete the share issuance and strengthen Li's control over the company [6][11]. - The structure of Dingyun Industry's ownership allows Li Hongxing to maintain effective control, as he holds 100% of the controlling entity [10][13]. Group 3: Business Strategy and Future Outlook - Huiyuan Communication has a history of restructuring and has been involved in the power cable and online monitoring sectors, with plans to expand into new business areas such as automotive LED technology [14][15]. - The establishment of a wholly-owned subsidiary in Hefei is part of a strategic move to enhance competitiveness and align with local industrial strengths [14][15]. - The new subsidiary will focus on manufacturing LED chips and modules for automotive lighting, indicating a shift towards high-tech applications [15].

Core Viewpoint - The company Huayuan Communication has announced a private placement plan to end its "no owner" status, but the stock price fell to the limit down at 13.69 yuan per share upon resumption of trading, indicating investor concerns [1]. Group 1: Private Placement Details - The company plans to issue up to 53.65 million shares to Hefei Dingyun Technology Industry Development Partnership (Limited Partnership), controlled by Chairman Li Hongxing, raising a total of no more than 610 million yuan, with net proceeds intended for working capital [3]. - After the issuance, Dingyun Industry and its concerted parties will hold a total of 80.923 million shares, accounting for 32.75% of the company's total share capital post-issuance [3]. Group 2: Change in Control - The controlling shareholder will change from having no controlling shareholder to Dingyun Industry, with the actual controller changing from none to Li Hongxing [4]. - As of January 2024, the company will transition from having the largest shareholder Huifu Qiji to a state of no controlling shareholder due to the judicial auction of 3 million shares (1.55% of total shares) [4]. Group 3: Company Background and Financial Performance - Dingyun Industry, controlled by Chairman Li Hongxing, is a related party and has not yet commenced actual business operations [5]. - Huayuan Communication's main business includes electric power cables and online monitoring of power systems. In the first three quarters of this year, the company achieved total revenue of 361 million yuan, a year-on-year increase of 30.37%, and a net profit attributable to shareholders of 14.76 million yuan, marking a turnaround from losses [6].

Core Viewpoint - Sichuan Huiyuan Communication Co., Ltd. plans to raise up to 610 million yuan through a private placement of A-shares, with all proceeds intended for working capital replenishment [1] Group 1: Fundraising Details - The company intends to issue no more than 53.65 million shares at a price of 11.37 yuan per share, with the sole subscriber being Hefei Dingyun Technology Industry Development Partnership [1] - The issuance constitutes a related party transaction as Dingyun Industry is controlled by the company's chairman, Li Hongxing [1] Group 2: Shareholding and Control Changes - Following the issuance, Dingyun Industry will become the controlling shareholder, and Li Hongxing will officially assume the role of actual controller [1] - The company previously entered a state without a controlling shareholder or actual controller due to the auction of shares held by its former largest shareholder [1] Group 3: Business Overview - Huiyuan Communication specializes in power optical cables and online monitoring systems, primarily serving State Grid and Southern Power Grid with customized optical cable products [2] - The company aims to expand its plastic optical fiber cable business and plans to invest more funds for capacity expansion and technological upgrades, leveraging its established market position and customer trust [2]

Core Viewpoint - Huyuan Communication (000586) announced a suspension of trading due to plans for a private placement of A-shares, which may lead to a change in control of the company. The suspension will start from November 12 and is expected to last no more than two trading days [1]. Group 1: Company Announcement - Huyuan Communication is planning to issue A-shares to specific investors, which could result in a change of control [1]. - The specific details of the plan are still under further verification and negotiation [1]. - Trading of the company's stock will be suspended starting November 12, with an expected duration of no more than two trading days [1]. Group 2: Business Overview - Huyuan Communication's main business includes power optical cables and online monitoring of power systems [3]. - The company is involved in the research, manufacturing, and sales of various products, including special optical cables for power systems, prefabricated optical cables, online monitoring devices for power equipment, and related components [3]. Group 3: Financial Performance - In the first three quarters of the year, Huyuan Communication achieved a revenue of 361 million yuan, representing a year-on-year growth of 30.37% [4]. - The net profit attributable to shareholders was approximately 14.76 million yuan [4]. - Key financial metrics include: - Revenue for the reporting period: 125.27 million yuan, up 9.04% year-on-year [5]. - Net profit attributable to shareholders: 6.19 million yuan, an increase of 86.74% [5]. - Basic earnings per share: 0.0320 yuan, up 87.13% [5]. - Total assets at the end of the reporting period: approximately 612.88 million yuan, an increase of 8.45% from the previous year [5].

Core Viewpoint - Huyuan Communication (000586) is planning to issue A-shares to specific investors, which may lead to a change in company control, resulting in a temporary suspension of trading from November 12, expected to last no more than two trading days [1]. Company Overview - Huyuan Communication's main business includes power optical cables and online monitoring of power systems. The company engages in the research, manufacturing, and sales of special optical cables for power systems, prefabricated cables, online monitoring devices for power equipment, forest fire monitoring products, and related components [3]. Financial Performance - In the first three quarters of this year, Huyuan Communication achieved a revenue of 361 million yuan, representing a year-on-year growth of 30.37%. The net profit attributable to shareholders was 14.76 million yuan [4]. - Detailed financial data shows: - Revenue for the reporting period was approximately 125.27 million yuan, an increase of 9.04% compared to the previous year. - The net profit attributable to shareholders for the reporting period was approximately 6.19 million yuan, up by 86.74% year-on-year. - The net profit after deducting non-recurring gains and losses was approximately 4.27 million yuan, an increase of 40.84% [5]. - Basic earnings per share were 0.0320 yuan, reflecting an increase of 87.13% [5]. - Total assets at the end of the reporting period were approximately 612.88 million yuan, an increase of 8.45% from the end of the previous year [5].

Core Viewpoint - Huyuan Communication's stock rose by 5.16% on September 25, reaching a price of 14.07 yuan per share, with a trading volume of 89.32 million yuan and a turnover rate of 3.37%, resulting in a total market capitalization of 2.722 billion yuan [1] Company Overview - Sichuan Huyuan Optical Communication Co., Ltd. is located at No. 2605, Maoye Center, Tianfu Avenue North Section, High-tech Zone, Chengdu, Sichuan Province, established on March 4, 1994, and listed on December 20, 1995 [1] - The company's main business includes power optical cables, online monitoring, blown micro cables, plastic optical fibers, and related supporting products, as well as materials and construction for highway electromechanical engineering [1] - The revenue composition of the main business is as follows: optical cables and fiber products 48.96%, online monitoring products 44.12%, communication engineering and system integration 3.51%, and others 3.40% [1] Shareholder Information - CITIC Prudential Fund has a fund that ranks among the top ten circulating shareholders of Huyuan Communication. The CITIC Prudential Multi-Strategy Mixed Fund (LOF) A (165531) entered the top ten circulating shareholders in the second quarter, holding 1.0402 million shares, accounting for 0.54% of circulating shares [2] - The estimated floating profit for today is approximately 717,700 yuan [2] - The CITIC Prudential Multi-Strategy Mixed Fund (LOF) A (165531) was established on June 16, 2017, with a latest scale of 1.245 billion yuan. Year-to-date return is 38.53%, ranking 2173 out of 8173 in its category; the one-year return is 72.35%, ranking 1474 out of 8003; and the return since inception is 134.57% [2]

Group 1 - The core viewpoint of the news is that Huiyuan Communication's stock has been experiencing a decline, with a total drop of 7.07% over the past five days, closing at 11.97 yuan per share on September 4 [1] - The company, Sichuan Huiyuan Optical Communication Co., Ltd., was established on March 4, 1994, and listed on December 20, 1995. Its main business includes power optical cables, online monitoring, blown fiber cables, plastic optical fibers, and related products [1] - The revenue composition of the company is as follows: optical cables and fiber products account for 48.96%, online monitoring products 44.12%, communication engineering and system integration 3.51%, and others 3.40% [1] Group 2 - From the perspective of the top ten circulating shareholders, CITIC Prudential Fund has a fund that entered the top ten shareholders of Huiyuan Communication, holding 1.0402 million shares, which is 0.54% of the circulating shares [2] - The fund, CITIC Prudential Multi-Strategy Mixed (LOF) A, has a current scale of 1.245 billion yuan and has achieved a return of 34.49% this year, ranking 1664 out of 8180 in its category [2] - The fund managers, Jiang Feng and Wang Ying, have had varying performance, with Jiang achieving a best return of 107.9% and Wang a best return of 49.16% during their respective tenures [2]