Core Viewpoint - Tongding Interconnection has demonstrated strong recovery and continuous growth in its core business, as evidenced by significant increases in revenue and net profit in the third quarter of 2025 [1][2]. Financial Performance - In Q3 2025, Tongding Interconnection achieved a revenue of 924 million yuan, representing a year-on-year growth of 27.27% [1]. - The net profit attributable to shareholders reached 24.134 million yuan, with a non-recurring profit of 14.485 million yuan, marking a substantial increase of 146.54% compared to the same period last year [1]. - The net cash flow from operating activities for the first three quarters amounted to 157 million yuan, showing a remarkable increase of 142.39% year-on-year [1]. Business Expansion - The company has expanded its safety business significantly, primarily due to the acquisition of controlling interest in Nanjing He Ben Machinery and Electrical Equipment Technology Co., which has been consolidated into its financial statements [1]. - The safety business now includes two main segments: network security and safety systems, with products ranging from high-performance DPI devices to fire detection and alarm systems [2]. Future Outlook - The ongoing development in the safety market and the increasing demand for new energy security are expected to provide growth opportunities for Tongding Interconnection [2]. - The company's ability to leverage its technological research and diverse business layout in the "optical communication + new energy security" sectors is anticipated to drive future growth [2].

Core Viewpoint - Tongding Interconnection Information Co., Ltd. reported a revenue of 1.522 billion yuan for the first half of 2025, marking a year-on-year increase of 5.39% and a net profit of 6.7795 million yuan after deducting non-recurring gains and losses [1] Group 1: Financial Performance - The company achieved a revenue of 1.522 billion yuan, reflecting a growth of 5.39% compared to the previous year [1] - The net profit attributable to shareholders, after excluding non-recurring items, was 6.7795 million yuan [1] Group 2: Business Segments - The power cable business experienced significant growth, with a revenue increase of 47.02% year-on-year [1] - The safety business generated a revenue of 120 million yuan, showing a remarkable growth of 301.91% [2] Group 3: Market Position and Strategy - Tongding Interconnection is recognized as a leading manufacturer in the domestic communication and power cable sectors, with a focus on enhancing customer satisfaction and product quality [1] - The company aims to further develop its power cable business by increasing efforts in the State Grid and railway markets, aligning with national policies [1] - The safety business includes network security and safety systems, with products and solutions tailored for various sectors such as energy, photovoltaic, and data centers [2]

Core Viewpoint - Tongding Interconnection (002491) reported a revenue of 1.522 billion yuan for the first half of 2025, reflecting a year-on-year growth of 5.39%, but incurred a loss of 89.6 million yuan, with a non-recurring net profit of 6.7795 million yuan, down 74.9% year-on-year [1] Financial Performance - The company experienced a significant increase in operating cash flow, reaching 162 million yuan, a year-on-year growth of 100.16%, indicating strong core business capabilities [1] - The revenue from the communication cable and related manufacturing sector was 1.236 billion yuan, accounting for over 81% of total revenue, with the power cable business showing a notable increase of 47% year-on-year to 710 million yuan [1] Business Segments - The safety business segment achieved remarkable growth, with revenue reaching 120 million yuan, a year-on-year surge of 301.91%, driven by the expansion of network security products and energy storage safety systems [1] - The company has established a dual main business structure of "Optical Communication + Safety Business" [1] R&D and Industry Standards - Research and development investment amounted to 79.18 million yuan, a year-on-year increase of 54.16%, with 40 new authorized patents granted, including 11 invention patents [1] - The company participated in the formulation of 249 industry standards in the optical communication materials field, including one international standard, enhancing its technological barriers [1] Future Focus - The company plans to focus on "quality improvement and efficiency enhancement," increasing the promotion of new products such as 5G smart cabinets and data center equipment, while also pushing for the penetration of safety business in the new energy market [2]