Core Viewpoint - The company has received 15 out of the planned 20 imported foam core line extruders, with delays in the remaining equipment due to shipping factors, and is actively following up on the situation [2] Group 1: Equipment Delivery - The company has successfully received 15 imported foam core line extruders as per the planned schedule [2] - The remaining equipment is delayed due to objective factors such as shipping time [2] Group 2: Production Plans - Once the equipment is delivered and tested, the company will align production with market demand [2]

证券代码：002130 证券简称：沃尔核材 公告编号：2026－001 深圳市沃尔核材股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 重要提示 1、本次股东会不存在否决议案的情况； 2、本次股东会不涉及变更前次股东会决议的情况。 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2026年1月5日（星期一）下午2:30 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为 2026年1月5日（星期一）上午9:15-9:25、9:30－11:30和下午13:00－15:00。通过 深圳证券交易所互联网投票系统投票的具体时间为2026年1月5日（星期一）上午9:15 至下午15:00期间的任意时间。 2、现场会议召开地点：深圳市坪山区兰景北路沃尔工业园办公楼会议室 6、本次会议的召集、召开与表决程序符合《公司法》《上市公司股东会规则》 《深圳证券交易所股票上市规则》及《公司章程》等法律、法规及规范性文件的规 定。 二、会议出席情况 参加本次会议的股东及股东代理人共2,004人，代表公司有 ...

广东信达律师事务所 股东会法律意见书 中国 深圳 福田区 益田路6001号太平金融大厦11、12楼 邮政编码：518038 11F/12F., Taiping Finance Tower, 6001 Yitian Road, Futian District, Shenzhen, P.R. China 518038 电话(Tel.)：(0755) 8826 5288 传真(Fax.)：(0755) 8826 5537 网址（Website）：https://www.sundiallawfirm.com 广东信达律师事务所 关于深圳市沃尔核材股份有限公司 2026 年第一次临时股东会的 法律意见书 信达会字（2026）第 002 号 致：深圳市沃尔核材股份有限公司 广东信达律师事务所（以下简称"信达"）接受深圳市沃尔核材股份有限公 司（以下简称"贵公司"）的委托，指派律师参加了贵公司 2026 年第一次临时 股东会（以下简称"本次股东会"），并进行了必要的验证工作。 信达律师根据《中华人民共和国公司法》（下称"《公司法》"）、《中华 人民共和国证券法》（下称"《证券法》"）、《上市公司股东会规则》（下称 "《股东 ...

Core Insights - The communication cable industry in China is experiencing steady growth driven by the increasing demand for 5G networks, gigabit optical networks, and the development of the "dual-gigabit" network [1][12] - The market size of China's communication cable industry is projected to grow from 794.8 billion yuan in 2018 to 1200 billion yuan by 2025, with a compound annual growth rate (CAGR) of 5% [1][13] Industry Overview - Communication cables are essential for transmitting telecommunication signals and are categorized into various types based on their structure and application [4] - The industry is supported by government policies aimed at promoting the development of communication cables, including initiatives for advanced technology applications [4][5] Market Demand - As of October 2025, the total number of fixed internet broadband users in China is expected to reach 697 million, with a net increase of 27.01 million users from 2024 [1] - The number of mobile IoT terminal users is projected to reach 2.89 billion, reflecting a net increase of 23.4 million users from 2024 [1] Industry Growth Factors - The exponential growth in data traffic due to the increasing number of internet users and the proliferation of mobile internet is driving the demand for communication infrastructure and cables [1] - The large-scale commercialization of 5G technology requires a vast amount of communication cables to support dense base station construction and extensive network deployment [1] Application Areas - The traditional communication sector remains dominant, accounting for 58.5% of total revenue, while high-speed communication devices are expected to capture 14.8% of the market by 2024 [10] - Emerging applications in smart manufacturing, smart cities, and the Internet of Things (IoT) are expanding the use of communication cables in diverse scenarios [1][10] Industry Structure - The communication cable industry features a competitive landscape with a mix of leading national enterprises and numerous small to medium-sized companies focusing on niche markets [13] - Key players in the industry include companies like Walden Materials, Wanma Co., Hengtong Optic-electric, and Tongding Interconnection Information [2][13] Future Trends - The industry is expected to evolve towards higher speeds, integration of functionalities, and sustainability, with a focus on developing multi-functional cables that can handle data transmission, power supply, and sensing [15][16][18] - The shift towards green practices will involve the use of eco-friendly materials and the establishment of efficient recycling systems throughout the cable lifecycle [18]

Core Viewpoint - The company indicates that the cost of copper in its high-speed communication wire production is relatively low, and it has implemented strategic procurement measures to mitigate the impact of rising copper prices on profitability [1]. Group 1: Cost Structure - The proportion of copper in the raw materials for the company's high-speed communication wires is small [1]. - The company employs strategic and bulk purchasing methods to control costs, which helps minimize the impact of copper price increases on profitability [1]. Group 2: Production Technology - The company has achieved mass production of its single-channel 224G high-speed communication wire, utilizing core technologies such as physical foaming and solid material techniques [1]. - The co-extrusion technology, which employs a dual-conductor structure, presents significant manufacturing challenges; however, the company has successfully implemented solid material technology in its production [1]. - The single-channel 224G high-speed communication wire produced using this technology has been shipped in large quantities [1].

Core Viewpoint - The company,沃尔核材, is actively involved in the supply chain for high-speed communication lines, primarily used in data centers and servers, and has established relationships with both international and domestic clients [1] Group 1: Company Operations - The company's high-speed communication line business is positioned upstream in the supply chain, focusing on applications in data centers and servers [1] - Direct clients include major international companies such as Amphenol, HARTING, Molex, and TE Connectivity, as well as domestic connector manufacturers like Luxshare, Qinghong, and Huafeng [1] - These direct clients further process the company's products before supplying them to major international and domestic server manufacturers for end-use [1] Group 2: Market Engagement - The company is inquiring about the usage of its products in popular computing cabinets like the B200 and B300 from NVIDIA, indicating a potential market opportunity [1] - There is interest in whether domestic computing manufacturers such as Cambrian, Huawei, and Moore Threads are indirectly utilizing the company's products, suggesting a broader market engagement [1]

Core Viewpoint - The company has successfully received and is currently operating 15 imported foam core extrusion machines, with additional machines delayed due to shipping factors, and is actively following up on the situation [1] Group 1: Equipment Status - The company initially planned to have over 20 imported foam core extrusion machines by the end of the year, but the arrival of some equipment has been delayed [1] - As of December 31, the company confirmed it has received 15 machines, with the remaining equipment affected by shipping times [1] Group 2: Production and Testing - The company reported that it has mass-produced 6 machines and is testing 3 machines as of October 13, with plans to have 7 machines mass-produced by mid-December [1] - The production process for high-speed communication lines is complex, requiring time for mold development and technical parameter adjustments after the equipment arrives [1]

Group 1 - The core point of the article is that沃尔核材 (002130.SZ) has received 15 imported foam core line extruders this year, with the remaining equipment delayed due to shipping factors [1] - The company is actively following up on the delayed equipment and plans to complete the installation and debugging process before matching the equipment with market demand [1] - The production process for high-speed communication lines is complex, requiring time for mold development and technical parameter adjustments after the equipment arrives [1]

证券日报网讯12月29日，沃尔核材（002130）在互动平台回答投资者提问时表示，公司港股发行并上市 所得的募集资金在扣除发行费用后，将用于公司业务发展与战略布局、加大研发投入、优化全球产能布 局、提升销售网络和客户服务体系、投资与收购、补充日常经营所需的流动资金等用途。 ...

12月26日，沃尔核材大宗交易成交15.73万股，成交额398.76万元，占当日总成交额的0.26%，成交价 25.35元，较市场收盘价26.96元折价5.97%。 ...