HUATONG WIRES & CABLES GROUP released its performance for the first three quarters, with a net profit attributable to the parent company of 257 million yuan, a year-on-year decrease of 7.38%

According to the Zhitong Finance APP, HUATONG WIRES & CABLES GROUP disclosed its third-quarter report for 2025. The company's revenue for the first three quarters reached 5.344 billion yuan, a year-on-year increase of 13.30%; the net profit attributable to the parent company was 257 million yuan, a year-on-year decrease of 7.38%; the net profit excluding non-recurring gains and losses was 245 million yuan, a year-on-year decrease of 9.92%; the basic earnings per share were 0.50 yuan

HUATONG WIRES & CABLES GROUP plans to issue convertible bonds to raise no more than 800 million yuan

According to the Zhitong Finance APP, HUATONG WIRES & CABLES GROUP has announced a plan to issue convertible corporate bonds to unspecified objects. The total amount of funds to be raised from this issuance of convertible corporate bonds is not expected to exceed 800 million yuan (including the principal). After deducting issuance costs, the net funds raised are intended to be invested in the following projects: oil service continuous pipe and smart cable expansion project, submersible pump cable technical transformation and submersible electric pump industrialization project, and working capital replenishment project

Zhitong A-share lock-up release overview | September 25

On September 25th, a total of 4 listed companies had their restricted shares unlocked, with a total market value of approximately 40.982 million yuan. The specific situation of the restricted share unlock today is as follows: Stock Abbreviation Stock Code Restricted Share Type Unlocked Shares New JCM 300157 Equity Incentive Restricted Circulation 6.7375 million GUANGXI LIUYAO GROUP 603368 Equity Incentive Restricted Circulation 784,200 HUATONG WIRES & CABLES GROUP 605196 Equity Incentive Restricted Circulation 30,000 Leedarson IoT 605365 Equity Incentive Restricted Circulation 247,100

The A-share power grid equipment sector experienced a surge, with WISCOM hitting the daily limit, Jianan Electronics, SMARTGEN, HUATONG WIRES & CABLES GROUP, Hangzhou Kelin, and Pano Technology following suit

HUATONG WIRES & CABLES GROUP and others established an international energy company in Beijing

According to the Qichacha APP, recently, Huatong Oilfield Services International Energy Co., Ltd. was established with a registered capital of 10 million yuan. The business scope includes: oil and natural gas technology services; sales of specialized equipment for oil drilling and extraction; research and development of mechanical equipment; sales of mechanical equipment, etc. Qichacha's equity penetration shows that the company is jointly held by Huatong Wires & Cables Group and others