Company Establishment - Huizhou Wolong Heat Shrinkable Material Co Ltd was recently established with a registered capital of 1 million yuan [1] - The company's legal representative is Wang Yuming [1] - The business scope includes R&D of motor and control systems, electromechanical coupling systems, and engineering and technical research and experimental development [1] Ownership Structure - The company is wholly owned by Wolong Electric [2]

Business Expansion and Strategy - The company plans to establish a production base in Malaysia to enhance its overseas development strategy, focusing on electronic and wire-related products [2] - The subsidiary, Letian Zhilian, currently has nearly 400 winding machines and over 30 core wire machines, with more than 200 additional winding machines and dozens of core wire machines on order [2] - The company's high-speed communication cable business is growing rapidly, with significant R&D and equipment investments, achieving 800G and single-channel 224G high-speed communication cables in 2024 [7] Production and Capacity - Letian Zhilian's high-speed communication cable production capacity is gradually increasing as new equipment is delivered, with key equipment expected to arrive by 2025 [2] - The high-speed communication cable production line is operating at full capacity, with orders fully saturated [2] - The company's high-power liquid-cooled charging guns, produced by its subsidiary Wolong New Energy, are in mass production, with growing demand and overseas sales primarily supporting charging pile and vehicle manufacturers [5] R&D and Innovation - The company's wire product R&D is divided into technical pre-research and product development, with pre-research focusing on cutting-edge technologies and product development tailored to industry trends and customer needs [2] - High-speed communication cable production involves strict requirements for copper conductors, insulation materials, structure, and processes, with significant technical barriers in both production processes and equipment [7] - The company is committed to continuous innovation and upgrading in high-speed communication cable technology, focusing on core business R&D and technological reserves to maintain industry leadership [5] Market and Clients - The company's high-speed communication cables are supplied to international clients such as Amphenol, Molex, and TE Connectivity, as well as domestic connector companies like Luxshare and Infinera [2] - The high-speed communication cables are ultimately used by major server manufacturers, both internationally and domestically [2] - The company is expanding its international market presence by improving European and American standard charging gun product lines and establishing overseas sales teams [5]

Key Points Industry and Company 1. **Industry Focus**: The research focuses on the AEC (Active Electrical Connector) market, specifically exploring the supply chain opportunities, competition landscape, market share, value, and technological barriers within the AEC, line materials, and retimer sectors. 2. **Companies in Focus**: The research highlights several key players in the industry, including Credo, 兆龙互连 (Meg龙互连), 博创 (BoChuang), 新易盛 (XinYiSheng), and others. Core Views and Arguments 1. **Market Growth**: The AEC market is expected to see significant growth over the next few years, with a projected increase from $300 million to $1.8 billion in size within 3-4 years. 2. **Entry Barriers**: The research suggests that the entry barriers for domestic manufacturers in the AEC market are relatively low, primarily due to the availability of Retimer chips and the simpler assembly process compared to optical modules. 3. **Competition**: The competition within the AEC market is intensifying, with new players entering the market, such as Marvell, which has recently started focusing on this sector and offering Retimer chips. 4. **Supply Chain**: The supply chain for AEC components, including Retimer chips and copper cables, is becoming more accessible, with domestic manufacturers like Leiting and Wolong Nuclear Materials entering the market. Other Important Content 1. **Credo's Market Position**: Credo has a significant market share in the AEC market, primarily due to its vertical integration from chips to modules and its early entry into the market. 2. **Technological Advancements**: The research highlights the technological advancements in Retimer chips and copper cables, which are crucial for the performance and cost-effectiveness of AEC products. 3. **Market Dynamics**: The research provides insights into the market dynamics of the AEC industry, including customer segments, order volumes, and future market share and pricing expectations.

证券代码：002130 证券简称：沃尔核材 公告编号：2024－079 深圳市沃尔核材股份有限公司 关于控股子公司拟参与竞拍土地使用权的公告 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。 一、交易基本情况 深圳市沃尔核材股份有限公司（以下简称"公司"）于2024年12月23日召开 了第七届董事会第二十二次会议，以9票同意、0票反对、0票弃权审议通过了《关 于控股子公司拟参与竞拍土地使用权的议案》，为满足公司控股子公司对经营场 地的需求，同意公司控股子公司惠州市沃尔智能科技有限公司（以下简称"惠州 智能"）、惠州市沃尔电子材料有限公司（以下简称"惠州电子"）、惠州市乐庭科 技有限公司（以下简称"乐庭科技"）及惠州市乐庭特种线缆有限公司（以下简 称"乐庭线缆"）以合计不超过人民币14,000万元的自筹资金参与竞拍土地使用 权，本次拟竞拍的土地为位于惠州市惠城区用地编号为JD134-15-01-01、 JD134-15-01-02、JD134-15-01-03、JD134-15-01-04的工业用地，总土地面积为 185,303平方米。 本次土地挂牌起始价合计为人民币 ...

广东普罗米修（龙岗）律师事务所 关于 深圳市沃尔核材股份有限公司召开 2024 年第二次临时股东大会律师见证 之 法律意见书 二零二四年十二月 本所同意将本法律意见书随公司本次股东大会的决议一起予以 公告，并依法对本所出具的法律意见承担相应的责任。 本所经办律师仅对本次股东大会的召集和召开程序、本次股东大 会召集人和出席会议人员的资格、本次股东大会审议的议案、本次股 东大会的表决程序和表决结果发表意见。本法律意见书仅供公司本次 股东大会之目的使用。 根据相关法律法规的要求，按照律师行业公认的业务标准、道德 规范和勤勉尽责的精神，本所经办律师出席了本次股东大会，并对本 次股东大会的相关资料和事实进行了核查和验证，现根据本所经办律 师对事实的了解及对法律的理解，出具法律意见如下： 一、本次股东大会的召集 （一）本次股东大会的召集人 根据本次股东大会的会议通知，本次股东大会由公司董事会召集。 （二）本次股东大会的召集 公司第七届董事会第二十一次会议审议通过了《关于提请召开 2024 年第二次临时股东大会的议案》，公司本次股东大会定于 2024 年 12 月 23 日召开。公司第七届董事会于 2024 年 12 月 ...

证券代码：002130 证券简称：沃尔核材 公告编号：2024－080 深圳市沃尔核材股份有限公司 2024 年第二次临时股东大会决议公告 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 5、会议主持人：董事长周文河先生 6、本次会议的召集、召开与表决程序符合《公司法》、《上市公司股东大会规 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。 1、本次股东大会没有否决议案的情况； 2、本次股东大会不涉及变更前次股东大会决议的情况。 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2024年12月23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 2024年12月23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2024年12月23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 3、会议召开方 ...

证券代码：002130 证券简称：沃尔核材 公告编号：2024－077 一、股票交易异常波动情况 深圳市沃尔核材股份有限公司（以下简称"公司"）股票（证券简称：沃尔 核材，证券代码：002130）连续3个交易日内（2024年12月13日、2024年12月16 日、2024年12月17日）日收盘价格涨幅偏离值累计超过20%，根据《深圳证券交 易所交易规则》的有关规定，属于股票交易异常波动情况。 二、公司关注、核实情况说明 针对公司股票交易异常波动，经公司自查，并书面发函询问公司第一大股东， 对相关事项进行了核实，现将有关情况说明如下： 1、公司前期披露的信息不存在需要补充、更正之处。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息。 3、近期公司经营情况正常，内外部经营环境未发生重大变化。 深圳市沃尔核材股份有限公司 关于公司股票交易异常波动的公告 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。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规 则》等有关规定应予以披 ...

深圳市沃尔核材股份有限公司（以下简称"公司"）董事会于近日收到公司 财务总监马葵女士的书面辞职报告，马葵女士因退休原因申请辞去公司财务总监 职务，辞职后将不再担任公司任何职务。根据《深圳证券交易所股票上市规则》 《深圳证券交易所自律监管指引第1号——主板上市公司规范运作》等相关规定， 马葵女士的辞职报告自送达公司董事会之日起生效。马葵女士的辞职不会影响公 司正常生产经营，公司董事会将按照相关法定程序尽快聘任新的财务总监。 证券代码：002130 证券简称：沃尔核材 公告编号：2024-076 深圳市沃尔核材股份有限公司 关于财务总监辞职的公告 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。 特此公告。 深圳市沃尔核材股份有限公司董事会 2024年12月17日 1 截至本公告披露日，马葵女士持有公司股份共计304,200股，占公司总股本 的0.0241%。马葵女士担任财务总监职务的原定任期为公司第七届董事会第一次 会议审议通过之日起至公司第七届董事会届满之日止，马葵女士辞职后将继续遵 守《上市公司董事、监事和高级管理人员所持本公司股份及其变动管理规则》以 及《深圳证 ...

Key Points Industry and Company 1. **Industry Focus**: The report focuses on the AI computing power connector industry, specifically highlighting the potential benefits for Walhao Electronics under the AI wave. 2. **Company Overview**: Walhao Electronics is discussed, with emphasis on its subsidiaries, such as Leting Wire and Walhao Trade Co., Ltd. 3. **Business Segments**: Walhao Electronics' business is segmented into four main categories: electronic power, wire, new energy, and electronic products. Core Views and Arguments 1. **AI Computing Power Demand**: The report suggests that Walhao Electronics will benefit from the increasing demand for AI computing power connectors, particularly due to the growth in server cabinets from companies like NVIDIA and Huawei. 2. **Growth Prospects**: The company is expected to maintain high growth rates in the next few years, with a focus on the high-speed line segment. 3. **Historical Performance**: Walhao Electronics has shown consistent revenue growth, with a 9.5% CAGR from 2019 to 2023. 4. **Revenue Breakdown**: In the first half of 2024, the company's revenue was 4.82 billion yuan, with the electronic and wire segments contributing the most. 5. **Profitability**: The company's net profit margin has been gradually increasing, from 6% in 2019 to 15% in the first three quarters of 2024. 6. **Market Outlook**: The report predicts a strong growth in the AI computing power connector market, with a projected market size of over 1.2 billion USD by 2027. Other Important Points 1. **Subsidiary Performance**: Leting Wire, a subsidiary of Walhao Electronics, achieved a revenue of 7.7 billion yuan in the first half of 2024, with a 38% year-on-year increase. 2. **Industry Trends**: The report discusses the growing importance of nuclear power in China and the potential for increased demand for related products. 3. **New Energy Vehicle Market**: The report highlights the growing importance of the new energy vehicle market and its impact on Walhao Electronics' business. 4. **Valuation**: The report suggests a target market capitalization of 36 billion yuan for Walhao Electronics, based on a 30x valuation multiple for 2025.