TongDa Cable(SZ:002560)2022-12-08 09:28Group 1: Company Overview - Zhengzhou Yifang Electric Co., Ltd. primarily engages in the production and sales of power cables and related products, with over 200 models and nearly 10,000 specifications [1] - The company serves various sectors including power, energy, transportation, and construction, and is one of the few cable manufacturers in Henan that consistently wins bids from the State Grid [1] - Yifang Electric has maintained strict quality control for nearly 20 years without major quality incidents, earning titles such as "Henan Province Quality Product" and "Henan Province Famous Trademark" [2] Group 2: Subsidiary Operations - Yifang Cable, a wholly-owned subsidiary, focuses on foreign trade and has been operational since 2008, holding various trade certifications [2] - The subsidiary's procurement from Yifang Electric accounted for 61%, 63%, and 84% of total purchases in 2012, 2013, and the first five months of 2014, respectively [2] - Yifang Cable has expanded its customer base to regions including Southeast Asia, the Americas, Europe, the Middle East, and Africa [2] Group 3: Financial Performance - The company anticipates a decline in net profit for 2014, projecting a decrease of 30.00% to 10.00%, amounting to between 41.64 million and 53.53 million yuan [3] - The previous year's net profit was reported at 59.48 million yuan [3] Group 4: P2P Lending Involvement - The establishment of a P2P lending platform is attributed to the personal actions of the company's major shareholder, and the company is not informed about the specific investment plans [4]