Hengtong Optic-electric expands investments, secures offshore wind contracts

Hengtong Optic-electric has approved participation in the Suzhou Qianfan Qihang No. 3 Equity Investment Partnership (Limited Partnership) by acquiring a 10% stake for 50,000,000 yuan. This strategic move aims to explore new opportunities in information technology, new energy, new materials, and AI through collaboration with professional investment institutions. The company emphasizes that this investment will not strain current operations or affect normal production.

Concurrently, Hengtong Optic-electric's subsidiaries have secured new offshore energy projects totaling 1.868 bn yuan. Key projects include a ±500kV DC submarine cable and 66kV collection submarine cable for the Liaoning Dandong Donggang Phase I 1000MW offshore wind power project, marking a technological breakthrough in the application of ±500kV DC submarine cables. These successes reinforce the company's competitive edge in the marine energy sector.

Furthermore, the company's Q3 2025 financial report shows a 17.03% year-on-year increase in operating income to 49.621 bn yuan, with net profit attributable to shareholders rising 2.64% to 2.376 bn yuan. The company also announced revisions to its Articles of Association, including the abolition of the Supervisory Board, with its functions transferred to the Board of Directors' Audit Committee.