Summary of Key Points Core Viewpoint - The report details the fundraising activities and the usage of raised funds by Shandong LianKe Technology Co., Ltd., highlighting the amounts raised, their allocation, and the current status of these funds as of March 31, 2025 [1][2]. Fundraising Overview - The total net amount raised from the initial public offering (IPO) was RMB 596,312,839.61 after deducting issuance costs of RMB 52,972,160.39 [2]. - The company was also approved to raise RMB 265,472,460.69 through a simplified procedure for a specific audience, with all funds received by June 27, 2023 [2]. Fund Usage and Balance - The net amount from the IPO was allocated as follows: - Pre-investment project replacement: RMB 160,118,544.89 - Post-investment project replacement: RMB 169,401,612.76 - Bank loan repayment: RMB 120,000,000.00 - Working capital: RMB 124,972,046.07 - Total interest income: RMB 14,990,416.15 - Remaining balance as of March 31, 2025: RMB 36,811,052.04 [2][3]. - For the funds raised through the simplified procedure, the allocations were: - Pre-investment project replacement: RMB 42,882,174.99 - Post-investment project replacement: RMB 205,344,603.35 - Total interest income: RMB 6,662,477.79 - Remaining balance as of March 31, 2025: RMB 23,908,160.14 [2][3]. Fund Management - The company has established a fundraising management system to ensure compliance with relevant laws and regulations, including the storage of funds in dedicated bank accounts under a tripartite supervision agreement [4][5]. Investment Project Status - There were no changes or transfers in the investment projects funded by the raised capital [6]. - The actual investment amounts for various projects differed from the committed amounts, with reasons provided for discrepancies, such as ongoing construction or market conditions affecting project timelines [8][9]. Project Benefits and Performance - The report includes a table detailing the benefits realized from the investment projects, with some projects unable to be individually assessed for profitability due to their nature [9][10]. - The "10,000 tons/year high-dispersed silica project" and the "10,000 tons/year high-pressure cable shielding material project" are highlighted, with the latter expected to generate significant profits once fully operational [10][11]. Idle Funds - The company has not utilized idle funds for purposes other than those specified in the fundraising commitments [11].

Core Viewpoint - The company has achieved significant breakthroughs in the power market, securing multiple key projects from State Grid and Southern Grid, with a total bid amount exceeding 1.3 billion yuan, showcasing its core competitiveness in the power cable sector [1][2] Group 1: Project Achievements - The company successfully won 15 procurement projects from State Grid, with a total bid amount of 831 million yuan, covering various types of power cables and electrical equipment cables across more than 10 provinces [1] - In the Southern Grid bidding, the company achieved a total bid amount of 509 million yuan, with notable projects including a 428 million yuan bid for distribution network materials [1] Group 2: Competitive Strength - The company has maintained a stable bidding share in State Grid and Southern Grid tenders for several years, reflecting high recognition in product quality, technical strength, and market reputation [2] - The company has established a competitive advantage in the high-voltage cable sector, particularly with its 220kV products, and is advancing the development of 500kV ultra-high voltage cables [2] Group 3: Market Strategy and Future Outlook - The company is actively expanding its market presence, focusing on both domestic core markets and international markets, particularly in Latin America [2] - The recent success in securing over 1.3 billion yuan in projects is attributed to the company's long-term commitment to technological investment, strict quality control, and optimized market strategies [2]

Group 1: Company Overview and Strategy - Zhejiang Wanma Co., Ltd. focuses on a "one body, two wings" development strategy, emphasizing three main business sectors: electric cables, new materials, and new energy [2][3]. - The company has established itself as a comprehensive cable supplier with a mature cable industry chain, offering a wide range of products including ultra-high voltage cables and fire-resistant cables [3][4]. Group 2: Product Offerings - The main products in the cable sector include 500kV and below ultra-high voltage cross-linked polyethylene insulated cables, low-voltage cables, fire-resistant cables, and various special cables [3][4]. - The equipment cable sector consists of coaxial cables, indoor and outdoor optical cables, security cables, data cables, and industrial intelligent equipment cables [3][4]. Group 3: Competitive Advantages - The company possesses a leading product design and manufacturing capability, supported by a technical team with over 15 years of experience in intelligent equipment cables [6]. - Wanma is the first in China to have a TUV-certified robot cable laboratory, which has accumulated extensive experimental data in the field [6]. - The company has established itself as a key participant in the formulation of multiple industry standards, enhancing its competitive edge in the market [6]. Group 4: Market Position and Growth - By 2024, Wanma aims to become the largest supplier of robot cables for KUKA in China, successfully replacing imports and breaking the monopoly of international high-end robot cable giants [5]. - The market share of Wanma's high-voltage insulation materials has increased from approximately 15% in 2021 to about 20% [10]. Group 5: Innovations and Future Developments - The Wanma Robotic Intelligence Equipment Cable & Cable Assembly System provides comprehensive design and manufacturing solutions for intelligent automation devices [8]. - The company is actively developing underwater cable materials, achieving international advanced levels in key performance metrics [11][12]. Group 6: Risk Considerations - The revenue contribution from industrial robots, humanoid robots, and robotic dog cables is currently small, prompting investors to be cautious and consider investment risks [7][8].

Group 1: Company Overview and Strategy - The company follows a "One Body, Two Wings" development strategy focusing on three main business segments: wire and cable, new materials, and new energy [2] - The company has a comprehensive product range in the cable sector, including ultra-high voltage cables, fire-resistant cables, and cables for new energy construction, positioning itself as a "comprehensive cable supplier" in China [4] Group 2: Product Details and Performance - In 2024, the production volume of polymer materials reached 561,384.01 tons, with a gross margin of 13.24% [3] - The production capacity for ultra-high voltage insulation materials will reach 60,000 tons after the completion of the third phase project, with a domestic market share increasing from approximately 15% in 2021 to about 20% [3] Group 3: Competitive Advantages - The company has a leading position in product design and manufacturing capabilities, supported by a technical team with over 15 years of experience in intelligent equipment cables [7] - The company is the first in China to have a TUV-certified laboratory for robot cables, enhancing its research and development capabilities [7] - The company participates in the formulation of multiple industry standards, contributing to the advancement of domestic manufacturing technology [7] Group 4: Production Bases - The equipment cable segment has two main production bases: one in Hangzhou Lin'an Taihu Source for optical cables and data cables, and another in Hangzhou Lin'an Qingshan Lake for wind energy, photovoltaics, and charging cables [8] Group 5: Investment Risks - The revenue from industrial robots, humanoid robots, and robotic dog-related cables currently constitutes a small proportion of the company's overall revenue, highlighting potential investment risks [8]

1、据央视新闻， 当地时间7月4日，美国总统特朗普表示，美国政府将从当天起开始致函贸易伙伴，设定新的单边关税税率 。 特朗普称，新关 税"十有八九"从8月1日开始生效 。对于将设定的新关税，特朗普说，"关税税率可能从60%、70%到10%、20%不等" 。 2、 商务部就欧盟进口白兰地反倾销案最终裁定答记者问表示，反倾销实践中，如果调查机关接受涉案出口企业作出的价格承诺，即未来出口价格 不低于某个水平，那么这些出口将不会被征收反倾销税 。本案欧盟有关行业协会和企业按时提交了价格承诺申请。调查机关依法审查后认为，其中34 家企业的申请符合法律要求，决定予以接受。这些企业的产品向中国出口时，只要满足承诺条件，就不会被征收反倾销税。 1、 国务院副总理刘国中在广东调研时强调，要加快推进农业和医疗领域科技创新 ，因地制宜发展农业新质生产力，提升药品医疗器械自主创新能 力 ，有力促进产业提质升级和经济高质量发展 。要加快构建药品医疗器械领域全国统一大市场，支持企业参与国际竞争，拓展医药产业发展空间。 2、 法国总统马克龙会见外交部长王毅 。王毅表示，愿同法国深化互利合作，希望法方为中国企业赴法投资兴业提供更加良好和公平 ...

Core Viewpoint - The announcement discusses the potential dilution of immediate returns for shareholders due to the issuance of new shares to specific investors, along with measures to compensate for this dilution [1][4][8]. Financial Impact of the Issuance - The company estimates that the total number of shares will increase from 19,310.76 million to 23,072.00 million after the issuance [2][3]. - The net profit attributable to shareholders is projected to remain the same as 2024 at 74.68 million, leading to a basic earnings per share (EPS) of 0.39 yuan, which may decrease to 0.32 yuan post-issuance [2][3]. - In scenarios where net profit increases by 10% and 20%, the EPS would be 0.43 yuan and 0.46 yuan respectively, indicating a potential recovery in returns [3][4]. Necessity and Reasonableness of the Issuance - The funds raised will be used for expanding production capacity, technological upgrades, and enhancing marketing and service systems, which align with the company's strategic goals [4][5]. - The investment projects are expected to enhance the company's competitiveness and sustainable development capabilities [4][5]. Relationship with Existing Business - The projects funded by the issuance are extensions of the company's existing business, complying with national industrial policies and enhancing market opportunities [4][5]. - The company has a strong talent pool and technical expertise, which supports the successful implementation of the investment projects [5][6]. Measures to Mitigate Dilution of Immediate Returns - The company will strengthen the management of raised funds to ensure compliance and effective use, thereby protecting investor interests [7][8]. - There will be an emphasis on accelerating project implementation to achieve expected returns quickly [7]. - The company plans to enhance governance and internal controls to ensure operational efficiency and risk management [7][8]. Commitments from Key Stakeholders - The controlling shareholder and management have committed to not interfere with company operations or harm its interests, ensuring adherence to the measures designed to mitigate return dilution [9][10].

Core Viewpoint - Jiangsu Dongfeng Cable Co., Ltd. has received multiple prestigious awards in the "2025 China Wire and Cable Bidding Procurement Evaluation and Recommendation Activity," highlighting its strong bidding capabilities and comprehensive strength in the industry [1][4][5]. Group 1: Company Achievements - Jiangsu Dongfeng Cable Co., Ltd. was recognized as one of the "Top 100 Bidding Strength Wire and Cable Suppliers in China 2025" and "Top 50 Comprehensive Strength Power Cable Suppliers in China 2025" [1][5]. - The company also earned titles such as "Top 10 Recommended Brands in Wire and Cable Bidding Procurement 2025" and "Top 10 Brands in Wire and Cable 2025" [1][4]. Group 2: Company Background - Established in 1988, Jiangsu Dongfeng Cable Co., Ltd. is a national high-tech enterprise that integrates research and development, production, and sales of various wire and cable products [7]. - The company has built a strong reputation and brand image over more than 30 years of focus on product development, manufacturing, and service [7]. Group 3: Research and Development - Dongfeng Cable collaborates with various research innovation platforms, universities, and military units for technological research and development [8]. - The company has developed advanced cable products, including high-voltage and fire-resistant cables, and has mastered key manufacturing technologies [8]. Group 4: Market Applications - Dongfeng Cable's products are widely used in sectors such as power, railways, aerospace, petrochemicals, metallurgy, and construction [9]. - Major clients include State Grid Corporation, China Southern Power Grid, China Railway Corporation, and Sinopec, with products utilized in significant national projects [9]. Group 5: Customer Service and Recognition - The company has received numerous accolades for its performance in technology research, product quality, market application, and customer service [10]. - Awards include "National Green Factory," "Jiangsu Province Specialized and Innovative Enterprise," and "AAA Credit Enterprise," reflecting its commitment to high-quality development and service [10].

Core Viewpoint - The article discusses a groundbreaking experiment conducted by the State Grid Tianjin Electric Power Research Institute to test the insulation characteristics of high-voltage cable terminals under extreme low temperatures, addressing the challenges posed by frequent extreme weather events in North China [1][2]. Group 1: Experiment Overview - The experiment involves subjecting 220 kV high-voltage cable terminals to a controlled temperature drop to -25 degrees Celsius, aiming to understand how these cables can withstand low-temperature impacts [1]. - This is the first domestic experiment of its kind, establishing a model to correlate environmental temperature with terminal interface pressure, which is crucial for assessing discharge risks under varying temperature conditions [1][2]. Group 2: Methodology and Data Collection - To ensure data reliability, temperature and pressure sensors were installed inside the cable terminals, and the experiment simulates real operating conditions with high load currents maintained [2]. - Data will be collected at three low-temperature points (-5, -15, and -25 degrees Celsius) over approximately 80 hours, allowing for a comprehensive analysis of temperature-pressure relationships under both high and low load conditions [2]. Group 3: Research Implications - The overall experiment will last for two months and aims to provide a scientific basis for operational strategies of high-voltage cables during winter [2]. - Future research will also explore the impact of insulation blankets on the insulation characteristics of high-voltage GIS terminals, expanding the laboratory's role in testing various electrical equipment under extreme conditions [2].

2025年5月29日，联科科技发布《以简易程序向特定对象发行股票 预案（二次修订稿）》，拟发行股票 募集资金总额不超过30，000万元（含本数），扣除发行费用后的募集资金净额将全部用于年产10万吨 高压电缆屏蔽料用纳米碳材料项目（二期），发行对象为不超过35名（含35名）的特定对象。 值得注意的是，联科科技2021年IPO募投项目 "研发检测中心建设项目"多次延期，最新预计2025年6月 完成，较原计划滞后两年。截至2025年3月31日，公司IPO募集资金未使用金额 36，811，052.04元，尚 未使用完毕的主要原因是"研发检测中心建设项目"尚处于建设中。 根据《上市公司证券发行注册管理办法》，简易程序适用于 "融资金额不超过 3 亿元且不超过净资产 20%" 的项目。联科科技本次募资 3 亿元，恰好踩中最高募资额的标准线。 注：本文创作借助AI工具收集整理市场数据和行业信息，结合辅助观点分析和撰写成文。 联科科技自 2021 年 6 月登陆深交所以来，已形成 "IPO 募资 6.49 亿→2023 年定增 2.69 亿→2025 年拟 募资 3 亿" 的密集融资节奏，累计融资规模超9亿元。此次定增若成功 ...

Core Viewpoint - The State Grid Tianjin Electric Power Research Institute has conducted the first domestic extreme low-temperature testing of high-voltage cable terminals, which will provide crucial data support for winter operation and maintenance of high-voltage cable equipment [1][3]. Group 1: Testing and Research - The testing involves a stepwise cooling process from room temperature to extreme cold, focusing on the insulation characteristics of 220 kV high-voltage cable terminals [1][3]. - The research team has built a temperature-controlled laboratory over two years to study the operational mechanisms of high-voltage cables under extreme weather conditions [3]. - Sensors for temperature and pressure have been installed inside the cable terminals to ensure the accuracy of the test data [3]. Group 2: Testing Conditions and Data Collection - The tests will be conducted at three low-temperature points: -5°C, -15°C, and -25°C, with steady-state data collected under high load conditions [3]. - The expected duration for data collection at the three temperature points is 80 hours, with a total testing period of two months [3]. - The core objective is to establish a correlation model between environmental temperature and terminal interface pressure, assessing discharge risks under different low temperatures [3]. Group 3: Future Research Directions - Future studies will include the impact of insulation blankets on the insulation characteristics of high-voltage GIS terminals [4]. - The laboratory serves not only for cable terminal research but also as a reliability verification platform for various types of power grid equipment under extreme conditions [4].