Hangdian Co., Ltd. announced that Tianjian Certified Public Accountants issued a standard unqualified audit report on the company's 2025 financial statements. In 2025, the company achieved revenue of 9.451 billion yuan, of which the cable and wire business revenue was 7.840 billion yuan, accounting for 82.95% of total revenue. As of December 31, 2025, the book value of the company's accounts receivable was 3,611 million yuan, the book value of contract assets was 311 million yuan, the book value of fixed assets was 1,761 million yuan, and the fixed asset impairment reserve was 264 million yuan for the current year.

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