Core Viewpoint - Honglin Electric (301439) has responded to investor inquiries regarding its new energy business, indicating that its stock performance has recently outperformed the market, with institutions holding a positive growth outlook for its future profitability [1][2]. Recent Events - On February 9, 2026, Honglin Electric addressed questions on its investor interaction platform, stating that its products mainly include power line components and special cables, which are applied in computers, home appliances, and new energy electric vehicles. However, the company did not disclose specific revenue figures for its photovoltaic and energy storage businesses, reflecting market interest in its expansion in the new energy sector [2]. Stock Performance - As of February 12, 2026, Honglin Electric's stock closed at 16.63 yuan, up 1.09% for the day, with a cumulative increase of 2.78% over the past five days, outperforming the Shanghai Composite Index, which rose by 1.43% during the same period. The net inflow of institutional funds was 1.2708 million yuan, while retail investors experienced a net outflow of the same amount, with a turnover rate of 3.35%. Technical analysis indicates that the stock is currently in a bullish trend, with a 20-day Bollinger Bands resistance level at 17.3 yuan and a support level at 15.74 yuan [3]. Institutional Views - According to a consolidated institutional view on February 13, 2026, Honglin Electric's market attention is generally moderate, with most institutional ratings being neutral. Profitability forecasts indicate that three institutions expect a net profit of 258 million yuan for 2025, representing a year-on-year growth of 31.30%. Additionally, two institutions project a net profit of 300 million yuan for 2026, with a year-on-year growth of 16.28%. In the industry context, a report from Yingda Securities on February 3 noted that the capacity pricing mechanism policy could accelerate energy storage development, although the power equipment index has recently shown weak performance, declining by 5.10% from January 26 to February 1 [4].

证券日报网讯 2月9日，泓淋电力在互动平台回答投资者提问时表示，公司产品主要有电源线组件、特 种线缆、新能源电动汽车充电连接产品、高速铜缆连接产品，主要应用于计算机、家电、新能源电动汽 车、终端零售市场、数据通讯等领域。 （文章来源：证券日报） ...

证券日报网讯 1月23日，泓淋电力在互动平台回答投资者提问时表示，公司产品主要有电源线组件、特 种线缆、新能源电动汽车充电连接产品、高速铜缆连接产品，主要应用于计算机、家电、新能源电动汽 车、终端零售市场、数据通讯等领域。目前公司暂无更名计划，公司后续如有更名计划，将按照相关规 定履行审议程序及信息披露义务。 （文章来源：证券日报） ...

Group 1 - The company, Honglin Electric (301439.SZ), primarily focuses on products such as power line components, special cables, new energy electric vehicle charging connection products, and high-speed copper cable connection products [2] - These products are mainly applied in various fields including computers, home appliances, new energy electric vehicles, terminal retail markets, and data communications [2]

Core Viewpoint - The stock price fluctuations of Honglin Electric are influenced by various factors including international environment, macroeconomic conditions, and industry trends, with the management emphasizing the importance of enhancing core competitiveness and long-term value [1] Group 1: Company Focus - The company is concentrating on manufacturing areas such as power line components, special cables, and electric vehicle charging connection products, driven by technological innovation [1] - Future efforts will continue to focus on technological innovation, optimizing product structure, and increasing R&D investment to steadily advance the cultivation of new productive forces [1] Group 2: Management Perspective - The management team is highly attentive to the company's performance in the secondary market, indicating a commitment to improving stock performance [1] - The company encourages stakeholders to refer to its periodic reports and temporary announcements for specific R&D developments [1]

Core Viewpoint - The company has established a long-term partnership with Dell Technologies, primarily supplying power cord components [1] Group 1 - The company confirmed its business relationship with Dell Technologies on an investor interaction platform [1] - The main product provided to Dell Technologies by the company is power cord components [1]

Core Viewpoint - Honglin Power has shown a modest increase in stock price and trading volume, indicating potential investor interest and activity in the market [1] Group 1: Financial Performance - As of November 20, 2025, Honglin Power reported a revenue of 2.962 billion yuan, representing a year-on-year growth of 16.69% [2] - The net profit attributable to shareholders for the same period was 143 million yuan, reflecting a year-on-year increase of 3.32% [2] - Since its A-share listing, Honglin Power has distributed a total of 292 million yuan in dividends [2] Group 2: Shareholder and Market Activity - As of November 27, 2025, the number of shareholders for Honglin Power was 25,300, a decrease of 4.20% from the previous period [2] - The average number of circulating shares per shareholder increased by 4.38% to 7,248 shares [2] - On November 27, 2025, Honglin Power's financing balance was 90.966 million yuan, accounting for 3.35% of its market capitalization, which is below the 20th percentile level over the past year [1] Group 3: Company Overview - Honglin Power, established on November 27, 1997, is located in Weihai, Shandong Province, and was listed on March 17, 2023 [1] - The company's main business involves the research, development, production, and sales of power line components and special cables, with revenue contributions of 59.30% from power line components, 38.54% from special cables, and 2.17% from other sources [1]

Core Viewpoint - Honglin Electric (301439.SZ) focuses on manufacturing power line components, specialty cables, and new energy electric vehicle charging connection products, serving various sectors including computers, home appliances, new energy electric vehicles, and retail markets [1] Group 1 - The company's products are primarily used in the computer, home appliance, new energy electric vehicle, and terminal retail markets [1] - A subsidiary, Dawei Interconnect, produces high-speed copper cables that are supplied to downstream customers for use by major international and domestic server manufacturers [1]

Core Viewpoint - Honglin Electric (301439.SZ) produces power line components that are applicable in computer power devices, with major clients including Dell, Compal, Delta, and Qisda [1] Group 1 - The company specializes in manufacturing power line components [1] - The products are utilized in computer power equipment [1] - Key customers of the company include notable manufacturers such as Dell, Compal, Delta, and Qisda [1]

Core Insights - Honglin Electric, established on November 27, 1997, went public on March 17, 2023, on the Shenzhen Stock Exchange, and is a significant player in the domestic power cable components and specialty cable sector with strong R&D and production capabilities [1] Group 1: Business Performance - For Q3 2025, Honglin Electric reported revenue of 2.962 billion yuan, ranking 20th in the industry, below the top competitor Baosheng Co. at 37.65 billion yuan and second-place Far East Co. at 20.209 billion yuan, with the industry average at 5.823 billion yuan [2] - The net profit for the same period was 152 million yuan, ranking 11th in the industry, lower than the leading Eastern Cable at 914 million yuan and second-place Jinbei Electric at 536 million yuan, with the industry average at 131 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Honglin Electric's debt-to-asset ratio was 39.11%, an increase from 29.14% year-on-year, but still below the industry average of 54.36% [3] - The gross profit margin for Q3 2025 was 12.70%, up from 11.84% year-on-year, but slightly below the industry average of 13.49% [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Liu Xiongbing was 1.1917 million yuan in 2024, an increase of 296,000 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 0.24% to 26,100, while the average number of circulating A-shares held per account increased by 0.25% to 7,026.34 [5]