Company Overview - Zhongbei Communication Group Co., Ltd. is located in Wuhan, Hubei Province, and was established on December 29, 1999. The company was listed on November 15, 2018. Its main business involves providing communication network technology services, focusing on communication network construction, while also engaging in system integration, optimization, maintenance, planning, and design of communication networks [1][2]. Financial Performance - As of June 30, 2025, Zhongbei Communication achieved operating revenue of 1.584 billion yuan, representing a year-on-year growth of 4.77%. However, the net profit attributable to shareholders decreased by 51.94% to 50.6429 million yuan [2]. - The company has distributed a total of 324 million yuan in dividends since its A-share listing, with 145 million yuan distributed over the past three years [3]. Stock Performance - On September 22, Zhongbei Communication's stock price increased by 2.03%, reaching 25.15 yuan per share, with a trading volume of 211 million yuan and a turnover rate of 1.96%. The total market capitalization is 10.921 billion yuan [1]. - Year-to-date, the stock price has risen by 10.02%, with a 7.80% increase over the last five trading days, a 7.39% increase over the last 20 days, and a 17.14% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders is 76,000, a decrease of 3.95% from the previous period. The average number of circulating shares per person increased by 4.12% to 5,715 shares [2]. - Among the top ten circulating shareholders, the Southern CSI 1000 ETF holds 3.1938 million shares, an increase of 918,400 shares compared to the previous period. Conversely, Hong Kong Central Clearing Limited holds 2.0497 million shares, a decrease of 973,000 shares [3]. Industry Context - Zhongbei Communication operates within the communication services sector, specifically in communication engineering and services. It is associated with concepts such as smart cities, Hubei Free Trade Zone, DeepSeek, 6G, and the Internet of Things [2].

中贝通信今年以来股价涨1.62%，近5个交易日涨3.80%，近20日涨2.07%，近60日涨14.55%。 9月15日，中贝通信盘中下跌2.02%，截至11:04，报23.23元/股，成交1.90亿元，换手率1.87%，总市值 100.88亿元。 资金流向方面，主力资金净流出2541.91万元，特大单买入697.09万元，占比3.67%，卖出2398.15万元， 占比12.62%；大单买入3358.17万元，占比17.68%，卖出4199.02万元，占比22.10%。 截至6月30日，中贝通信股东户数7.60万，较上期减少3.95%；人均流通股5715股，较上期增加4.12%。 2025年1月-6月，中贝通信实现营业收入15.84亿元，同比增长4.77%；归母净利润5064.29万元，同比减 少51.94%。 分红方面，中贝通信A股上市后累计派现3.24亿元。近三年，累计派现1.45亿元。 机构持仓方面，截止2025年6月30日，中贝通信十大流通股东中，南方中证1000ETF（512100）位居第 八大流通股东，持股319.38万股，相比上期增加91.84万股。香港中央结算有限公司位居第十大流通股 东，持股2 ...

Group 1 - The core viewpoint of the article highlights the announcement by Zhongbei Communication regarding its board meeting and the composition of its revenue for the first half of 2025 [1] - Zhongbei Communication's revenue breakdown for January to June 2025 shows that 5G new infrastructure accounts for 46.76%, smart city and 5G industry applications account for 33.58%, intelligent computing business accounts for 18.76%, and other businesses account for 0.9% [1]

Group 1 - The core viewpoint of the article is that Zhongbei Communication's financial performance in the first half of 2025 shows a mixed picture, with revenue growth but significant declines in net profit and profit margins [1][2]. - In the first half of 2025, Zhongbei Communication reported a revenue of 1.584 billion yuan, an increase of 4.77% year-on-year, while the net profit attributable to shareholders was 50.64 million yuan, a decrease of 51.94% year-on-year [1][2]. - The company's gross margin for the first half of 2025 was 18.05%, down 1.28 percentage points year-on-year, and the net margin was 3.06%, down 4.14 percentage points year-on-year [2]. Group 2 - The basic earnings per share for Zhongbei Communication in the first half of 2025 was 0.12 yuan, with a weighted average return on equity of 2.45% [2]. - The company's total operating expenses for the first half of 2025 were 206 million yuan, an increase of 55.76 million yuan year-on-year, with an expense ratio of 12.98%, up 3.07 percentage points year-on-year [2]. - The main business revenue composition includes 65.94% from 5G new infrastructure, 24.14% from smart city and other services, and 9.02% from intelligent computing services [3].

北京国枫律师事务所 关于中贝通信集团股份有限公司 向不特定对象发行可转换公司债券的 法律意见书 国枫律证字[2022]AN221-4 号 GRANDWAY 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街26 号新闻大厦 7 层 邮编: 100005 电话 (Tel) : 010-88004488 传真 (Fax) : 010-66090016 | 释 义 . | | --- | | 一、本次发行的批准和授权 . | | 二、发行人本次发行的主体资格 . | | 三、本次发行的实质条件 | | 四、发行人的独立性 …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 13 | | 五、发行人的股本及其演变 …………………………………………………………………………………………………………………………………… 13 | | 六、发行人的业务 . | | 七、关联交易及同业竞争 . | | 八、发行人的主要财产 . | | 九、发行人的 ...