Group 1 - The core point of the article is that Zhongbei Communication has provided guarantees for its subsidiaries amounting to approximately 1.064 billion RMB, which represents 52.17% of the company's latest audited net assets [1] - As of the announcement date, Zhongbei Communication's market capitalization is 10.5 billion RMB [1] - The revenue composition for Zhongbei Communication from January to June 2025 is as follows: 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 activity involved a delegation from Xiaogan City conducting an investment inspection at the Xiangnan Chamber of Commerce in Wuhan, highlighting the importance of local business engagement in regional development [1][3] - The delegation visited Zhongbei Communication Group Co., Ltd., gaining insights into the company's advancements in 5G infrastructure, computing networks, and artificial intelligence, which left a strong impression on the delegation [3][5] - The Xiangnan Chamber of Commerce expressed gratitude for the visit, emphasizing the significance of this inspection in fostering collaboration between government and enterprises to support local development [3][9] Group 2 - The Vice President of the Xiangnan Chamber of Commerce, representing Youyi Times Wuhan Technology Co., Ltd., presented investment projects, showcasing the company's robust growth of 30% annually and its commitment to contributing to local industry upgrades [5][11] - Chamber members shared their dedication to supporting their hometown, with notable contributions from various companies in technology and finance sectors, aiming to address local business challenges and enhance economic development [7][9] - The event underscored the need for collaboration between government and local businesses to drive high-quality development in the Xiaonan region, aligning with the strategic goals of the Xiaogan municipal government [11][13]

Core Viewpoint - Zhongbei Communication's stock price has shown fluctuations, with a slight increase of 2.05% on October 31, 2023, while the company has experienced a year-to-date price increase of 2.23% and a decline of 10.70% over the past 20 trading days [1][2]. Group 1: Financial Performance - For the period from January to September 2025, Zhongbei Communication achieved a revenue of 2.317 billion yuan, representing a year-on-year growth of 5.05% [2]. - The net profit attributable to shareholders for the same period was 85.0419 million yuan, which reflects a significant year-on-year decrease of 41.14% [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]. Group 2: Stock Market Activity - As of October 31, 2023, Zhongbei Communication's stock was trading at 23.37 yuan per share, with a total market capitalization of 10.148 billion yuan [1]. - The stock has seen a trading volume of 1.09 billion yuan on the same day, with a turnover rate of 1.09% [1]. - The net inflow of main funds was 9.5089 million yuan, with large orders accounting for 22.03% of purchases and 14.52% of sales [1]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Zhongbei Communication was 66,100, which is a decrease of 13.03% compared to the previous period [2]. - The average number of circulating shares per shareholder increased by 14.98% to 6,571 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 5.2545 million shares, an increase of 3.2048 million shares from the previous period [3].

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].

Core Viewpoint - Zhongbei Communication's stock price has shown a slight increase this year, but recent financial results indicate a significant drop in net profit, raising concerns about its future performance [1][2]. Company Overview - Zhongbei Communication Group Co., Ltd. is located in Wuhan, Hubei Province, and was established on December 29, 1999. It was listed on November 15, 2018. The company specializes in communication network technology services, focusing on network construction, system integration, optimization, maintenance, and planning [1]. - The company's main business revenue composition is as follows: 5G new infrastructure 46.76%, smart city and others 33.58%, intelligent computing business 18.76%, and others 0.90% [1]. Financial Performance - For the first half of 2025, Zhongbei Communication achieved operating revenue of 1.584 billion yuan, a year-on-year increase of 4.77%. However, the net profit attributable to shareholders decreased by 51.94% to 50.6429 million yuan [2]. - Since its A-share listing, Zhongbei Communication has distributed a total of 324 million yuan in dividends, with 145 million yuan distributed in the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Zhongbei Communication was 76,000, a decrease of 3.95% from the previous period. The average circulating shares per person increased by 4.12% to 5,715 shares [2]. - Among the top ten circulating shareholders, the Southern CSI 1000 ETF (512100) ranked as the eighth largest, increasing its holdings by 918,400 shares to 3.1938 million shares. Conversely, Hong Kong Central Clearing Limited, ranked tenth, reduced its holdings by 973,000 shares to 2.0497 million shares [3].

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 ...