Sichuan Huiyuan Optical Communications Co.,Ltd. (stock code: 000586) announced on the evening of November 11 that it is planning a private placement of A-shares, which may lead to a change in control of the company. The specific plan is still under further discussion and negotiation.
Due to the uncertainty surrounding this matter, the company has applied to the Shenzhen Stock Exchange for a trading suspension starting from the morning of November 12 (Wednesday) to ensure fair information disclosure and protect investor interests. The suspension is expected to last no more than two trading days.
On November 11, Sichuan Huiyuan Optical Communications Co.,Ltd. closed at 15.21 yuan per share, with a daily increase of 0.33%.
The company specializes in power optical cables and online monitoring systems for power grids. Power optical cables are a type of specialized cable used in electric field environments. With the expansion and modernization of power systems, fiber-optic communication has become an essential component for ensuring stable and secure operations, particularly with the development of smart grids and renewable energy, driving increased demand for power optical cables.
Additionally, the company’s online monitoring devices enhance grid reliability, safety, and efficiency through real-time monitoring, fault diagnosis, and data analysis, supporting the growth of smart grids. Demand for these products is rising rapidly as new power systems accelerate construction.
In the fiber-optic cable sector, Sichuan Huiyuan Optical Communications Co.,Ltd. develops, manufactures, and sells all-dielectric self-supporting cables (ADSS), optical fiber composite overhead ground wires (OPGW), preformed cables, microduct cables, and related accessories. Its major clients include State Grid and China Southern Power Grid. Notably, the company’s OPGW and ADSS products have been rated as "Grade A" in State Grid’s supplier performance evaluations for three consecutive years as of 2024.
As a key supplier of online monitoring products for high-voltage transmission lines in China, the company offers a range of solutions, including transmission line video monitoring, distributed fault detection, ice-coating simulation monitoring, cable loop current and tunnel environment monitoring, conductor vibration/galloping monitoring, and forest fire prevention systems. These products are widely used in power systems, forest fire prevention, and environmental protection.
Financial data shows that in the first three quarters of this year, Sichuan Huiyuan Optical Communications Co.,Ltd. achieved revenue of 361 million yuan, up 30.37% year-on-year, with net profit attributable to shareholders reaching 14.76 million yuan. In the third quarter alone, revenue stood at 125 million yuan, a 9.04% increase, while net profit surged 86.74% to 6.19 million yuan.
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