Company Overview - Ningbo KBE Electrical Technology Co., Ltd. is a company established from the transformation of a limited liability company into a joint-stock company, with its establishment date on March 5, 2004 [1][2] - The company specializes in the research, production, and sales of automotive cables, serving as a secondary supplier in the automotive supply chain [2][3] - The company has a total share capital of 134,951,140 shares and is listed on the Shenzhen Stock Exchange under the stock code 300863 [1][2] Business Operations - The main products include various types of automotive cables such as conventional cables, aluminum cables, twisted pair cables, shielded cables, new energy cables, and multi-core sheathed cables [2][3] - The company has obtained certifications from major automotive manufacturers and is recognized as a high-tech enterprise, holding 52 patents as of March 31, 2025 [2][3] Financial Performance - The total assets of the company for the years 2022, 2023, and 2024 were 358,912.47 million, 374,696.60 million, and 281,635.52 million respectively [5] - The company reported operating revenues of 294,840.82 million in 2022, 345,193.07 million in 2023, and 364,801.63 million in 2024 [5] - The net profit attributable to shareholders was 14,005.17 million in 2022, 16,594.46 million in 2023, and 16,165.45 million in 2024 [5] Market Position - The automotive wiring harness market is highly concentrated, with the top five companies holding approximately 60%-70% of the market share [11] - The company has established long-term stable supply relationships with major automotive wiring harness manufacturers, including Volkswagen, BMW, and Toyota [2][11] Risks and Challenges - The company faces risks related to high customer concentration, with over 60% of sales coming from the top five customers [11] - Fluctuations in copper prices can significantly impact the company's profit margins and working capital requirements [10][11] - The company must continuously innovate and adapt to meet the evolving technical requirements of automotive manufacturers [12][19]

证券研究报告 | 宏观点评报告 2025 年 07 月 09 日 通胀或已行至年内底部 —2025 年 6 月通胀数据点评 频率：每月 点评报告 相关报告 1、《关税新阶段——7 月 7 日 美国新关税政策点评》2025-07- 08 2、《通胀仍在低位震荡—— 2025 年 6 月宏观经济预测报 告》2025-07-05 3、《降息预期回调，但风偏仍 向好——2025 年 6 月美国就业 数据分析》2025-07-04 张静静 S1090522050003 zhangjingjing@cmschina.com.cn 罗丹 S1090524070004 luodan7@cmschina.com.cn 敬请阅读末页的重要说明 ❑ CPI：6 月 CPI 同比 0.1%，由负转正；环比-0.1%，跌幅收窄。结构上来 看，1）6 月以来，农产品供应进入旺季，比如蛋类、蔬菜等供给较为充 足，当月食品 CPI 同比延续跌势，录得-0.3%，其中猪肉拖累最大，价格 同比录得-8.5%，较上月下降 11.6 个百分点，在猪周期以及需求淡季作用 下，猪肉供需失衡进一步加剧。2）6 月国际油价因伊以冲突一度大幅上 行，传导至国 ...

前不久，传来一则振奋人心的消息：工业和信息化部公布了2025年制造业新型技术改造试点城市名单。 其中，无锡市作为江苏省唯一推荐城市成功入选。 从制造业重镇到科创高地，从传统"制造"到高端"智造"……一直以来，无锡大力推进新型工业化，加快 发展新质生产力，制造业发展始终处于全国第一方阵，在新领域和新赛道走在前列。 此次无锡成为江苏唯一入选的城市，其背后蕴藏着什么样的跃升"密钥"？ 密钥①|聚焦智能化 智改数转网联"跑"在前 在世界最大跨度悬索桥——张靖皋长江大桥施工现场，工作人员正在紧张地施工。 在兴澄特钢，一批特钢线材刚刚下线，这些钢丝将被用在张靖皋长江大桥上，而生产出这些"钢铁琴 弦"的"灯塔工厂"可不简单。 "灯塔工厂"400多米长的产线上，布满了智能燃烧、精准冷却等200多种智能应用以及检测机器人、5G 无人车等上百台套智能装备，仅需4人就能完成十几道工序；工厂的数智中心大屏幕上实时显示着整个 工厂的运行数据，"指挥"着钢铁生产的各个环节。 这座工厂是全球特钢行业首家"灯塔工厂"，也是兴澄特钢数字化转型迈入新阶段的"象征"。 在深度融合人工智能、大数据与数字孪生技术，推动全流程智能化升级的过程中，数智中 ...

Industry Insights - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the need to enhance the resource security of important metal minerals and accelerate the comprehensive development of the non-ferrous metal industry chain, including exploration, investment, development, construction, smelting, and processing [1] - A new round of mineral exploration strategy is being implemented to increase reserves and production of important metal minerals, while also promoting a positive image of central enterprises in the "going out" strategy [1] - There is a focus on achieving high-quality stable growth by closely monitoring macroeconomic conditions and industry trends, adjusting business strategies, and planning major projects to support domestic demand expansion [1] Technology and Market Trends - High-temperature superconductors are expected to see increased market share due to ongoing developments in superconducting cables and controlled nuclear fusion applications [2] - The ReBCO tape is anticipated to significantly reduce production costs compared to first-generation high-temperature superconductors, presenting vast commercial prospects [2] - Controlled nuclear fusion is viewed as a potential ultimate solution for human energy needs, with commercial development prospects expected to accelerate as domestic and international projects progress [2] Company Developments - Western Superconductor is the only company in China that has achieved commercial production of superconducting wires, with products used in major scientific projects such as the International Thermonuclear Experimental Reactor (ITER) and China's fusion reactor [3] - Baile Electric has developed superconducting current limiter technology and is involved in the construction of smart grids for the State Grid, with products certified by IEC to enhance grid stability [3] - Dongfang Tantalum is recognized as the world's largest research and manufacturing base for superconducting niobium materials, achieving a stable RRR value of over 500 for high-purity superconducting niobium materials [4]

Group 1 - China Baowu Steel Group is the largest steel enterprise globally, with an annual steel production of 130 million tons [1] - Hebei Iron and Steel Group is the second-largest steel enterprise in China, producing over 80 million tons of steel annually [3] - Anshan Iron and Steel Group, known as the cradle of China's steel industry, is the third-largest steel producer in China, with an annual output of 75 million tons [6] - Shagang Group is the largest private steel enterprise in China, producing 50 million tons of steel annually, making it the fourth-largest steel producer in the country [8] - Shougang Group is a major player in the steel industry, with an annual production of 35 million tons, ranking as the fifth-largest steel group in China [9]

中国统计信息服务中心 卓创资讯 2.监测内容 流通领域重要生产资料市场价格监测内容包括9大类50种产品的价格。类别与产品规格说明详见附表。 3.监测范围 据对全国流通领域9大类50种重要生产资料市场价格的监测显示，2025年6月下旬与6月中旬相比，26种 产品价格上涨，20种下降，4种持平。 | 2025年6月下旬流通领域重要生产资料市场价格变动情况 | | --- | | 产品名称 | | 本期价格 | 比上期 | 涨跌幅 | | --- | --- | --- | --- | --- | | | 单位 | （元） | 价格涨跌 | (%) | | | | | （元） | | | 一、黑色金属 | | | | | | 螺纹钢（Φ20mm，HRB400E） | 吨 | 3080.7 | -29.7 | -1.0 | | 线材（Φ8—10mm，HPB300） | 吨 | 3238.0 | -32.2 | -1.0 | | 普通中板（20mm，Q235） | 吨 | 3375.8 | -34.1 | -1.0 | | 热轧普通板卷（4.75—11.5mm，Q235） | 吨 | 3195.7 | -4.5 | - ...

7月1日，黑色金属仓单数据显示： 螺纹钢仓库期货仓单24614吨，环比上个交易日增加6393吨； 铁矿石期货仓单3300手，环比上个交易日增加500手； 不锈钢仓库期货仓单111956吨，环比上个交易日减少184吨； 热轧卷板期货仓单66957吨，环比上个交易日减少586吨； 7月2日，国内期市黑色金属板块全线飘红，硅铁主力涨近2%。截止目前，硅铁主力上涨1.67%，报 5346.00元/吨；螺纹钢主力上涨1.44%，报3030.00元/吨；热卷主力上涨1.12%，报3156.00元/吨；不锰硅 主力上涨1.21%，报5678.00元/吨。 7月2日黑色金属期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 螺纹钢 | 3003.00 | 3003.00 | 2987.00 | | 铁矿石 | 708.00 | 708.50 | 710.50 | | 不锈钢 | 12560.00 | 12560.00 | 12535.00 | | 热卷 | 3138.00 | 3136.00 | 3121.00 | | 线材 | 3321.00 | 33 ...

期货HFAL 免费开户 看期货热点,到 3 金十期货 EH 2025 07-01 邮 邮 布局 16:50 6 期市动态雷达 数据透视线索 今日主力合约涨跌分布 今日主力合约市场中36个合约上涨,41个合 约下跌。市场呈现明显的空头情绪,更多资金 和交易活动集中在下跌品种上。 资金流向(亿元) 30 20 10 0 -10 资金流入最多的品种： 沪金2510(29.02亿元)、沪铜2508(27.57亿 元)、中证1000 2509(17.17亿元)，这些品种吸引了大量主力资金关 注。 资金流出最多的品种： 中证500 2507(-9.41亿元)、沪深300 2509(-6.84亿元)、沪银2508(-4.24亿元)，这些品种出现了明显的资金 撤离。 下跌台灣 41 主力合约涨跌排行(%) 8.00% 6.00% 4.00% 2.00% 0.00% -2.00% -4.00% -6.00% 涨幅居前的品种： 集运指数（欧线）2508(+7.80%)、沪金 2510(+1.47%)、20号胶2508(+1.15%)。这些品种受供需影响显著。 主力合约持仓异动排行榜(%) 15.00% 10.00% 5.00% ...

在上周派发2024年年度现金红利的上市公司中，贵州茅台、中远海控、陕西煤业等行业龙头派发的现金 红利超百亿元，洛阳钼业、华夏银行、浙商银行、海螺水泥等19家公司现金分红规模在10亿元以上。 长沙晚报掌上长沙6月30日讯（全媒体记者 刘军）上市公司2024年年度权益分派逐渐进入高潮。Wind数 据显示，上周有超过260家上市公司派发2024年年度现金红利，派现总金额接近1900亿元（含税，下 同），一些"大手笔"公司派现规模在百亿元以上。据记者统计，上周共7只湘股派发了2024年度现金红 利超13亿元。 记者注意到，上周共有三德科技、奥士康、华菱钢铁、旗滨集团、华锐精密、绝味食品、科力尔等7只 湘股派发了现金红利，其中华锐精密、科力尔还进行了转股配送。其中，三德科技每10股派发现金3.00 元（含税），共60228345.00元（含税）。奥士康每10股派发现金6元（含税），共190416302.40元（含 税）。华菱钢铁每10股派发现金1.0元（含税），共686657102.00元。旗滨集团每10股派发现金0.45元 （含税），共119611341.86 元（含税）。华锐精密每10股派发现金6.0元（含税），以 ...

证 券 研 究 报 告 钢铁行业周报（20250623-20250627） 淡季供需尚稳，钢价底部仍有支撑 行业观点：钢材总库存累库，钢价弱势震荡 事件：截至 6 月 27 日，五大品种螺纹钢、线材、热轧、冷轧、中板价格分别 报收 3181 元/吨、3514 元/吨、3205 元/吨、3607 元/吨、3371 元/吨，周环比分 别变化-0.63%、-0.71%、-0.17%、-0.19%、-0.78%。本周五大品种产量 880.99 万吨，周环比上升 12.48万吨。247家钢铁企业日均铁水 242.29万吨，周环比 上升 0.11万吨，高炉产能利用率 90.83%，周环比上升 0.04个百分点，高炉开 工率 83.82%，周环比持平。短流程企业，电炉产能利用率 54.50%，周环比下 降 0.04 个百分点，电炉开工率 70.14%，周环比下降 0.79 个百分点。库存方 面，本周钢材总库存 1340.03万吨，周环比上升1.14万吨。其中社会库存环比 下降 6.6万吨至 906.51万吨；钢厂库存环比上升 7.74万吨至 433.52万吨。需 求端，本周五大材合计消费量 879.85万吨，周环比下降 4 ...