沃尔核材（002130.SZ）8月5日在投资者互动平台表示，公司的马来西亚子公司已签署了购地协议，土 地面积为16万平方米，目前公司正在积极推进项目后续工作。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：马来西亚那边扩产进展如何？ ...

Group 1 - The company, Shenzhen Walke Technology Co., Ltd., has received a civil judgment from the Shenzhen Intermediate People's Court regarding its lawsuit against Changyuan Technology Group Co., Ltd. [1][2] - The lawsuit sought compensation for investment loss amounting to RMB 56,008,304.84, along with additional claims for stamp duty and commission losses [1][2] - The court ruled to dismiss all claims made by the company, and the company is responsible for the case acceptance fee of RMB 322,205.58 [2][4] Group 2 - As of the announcement date, the company and its subsidiaries do not have any other significant undisclosed litigation or arbitration matters [3] - The judgment is a first-instance ruling, and the company has the option to appeal within fifteen days [2][4] - The financial impact of this judgment on the company's current or future profits is expected to be minimal [4]

一、诉讼的基本情况 公司于 2024 年 2 月 22 日收到了广东省深圳市中级人民法院下发的《受理案件 通知书》【（2024）粤 03 民初 2592 号】，公司向广东省深圳市中级人民法院提起了民 事诉讼，诉讼请求：判令长园科技集团股份有限公司（以下简称"长园集团"）赔偿 公司投资差额损失人民币 56,008,304.84 元；判令长园集团赔偿公司印花税损失人 民币 56,008.30 元（以投资差额损失的千分之一计算）以及佣金损失 16,802.50 元 （以投资差额损失的万分之三计算）；本案全部诉讼费用由长园集团承担。 上述内容详见公司于 2024 年 2 月 24 日披露在《证券时报》《中国证券报》及巨 潮资讯网(www.cninfo.com.cn)的《关于提起诉讼的公告》（公告编号：2024-005）。 证券代码：002130 证券简称：沃尔核材 公告编号：2025-059 深圳市沃尔核材股份有限公司 关于提起诉讼的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市沃尔核材股份有限公司（以下简称"公司"或"沃尔核材"）于近日收到 了广东 ...

证券日报网讯沃尔核材7月31日在互动平台回答投资者提问时表示，公司高度重视投资者关系管理，积 极与投资者保持沟通交流。未来公司将持续优化投资者沟通机制，让投资者更全面地了解公司的业务布 局、战略规划以及核心竞争优势等，持续传递公司内在价值，并以稳健的经营业绩切实回报广大投资 者。 （文章来源：证券日报） ...

Core Viewpoint - The company has developed 224G high-speed communication cables using physical foaming technology and solid material technology, which have passed strict certification from leading global clients and are now being delivered in large quantities [1] Group 1 - The mainstream technical solutions for 224G high-speed communication cables are physical foaming technology and solid material technology [1] - The company's 224G high-speed communication cables have undergone rigorous certification and are currently in mass production [1] - The current products with lotus core structure are primarily used in PCIe series products, but their applicability to higher-speed 224G communication cables and next-generation products remains uncertain [1]

证券日报网讯沃尔核材（002130）7月31日在互动平台回答投资者提问时表示，公司将持续加大研发创 新力度，依托领先的技术实力、卓越的产品品质和高效的客户需求响应能力，提升产品的综合性价比， 增强客户黏性，不断提升核心竞争力，扩大市场影响力。 ...

Core Viewpoint - The company,沃尔核材, is a comprehensive solution provider for high-speed data communication and alternative energy power transmission, focusing on polymer radiation-modified new materials and has established a complete industrial chain from copper core wire to finished copper cables [1] Industry Outlook - The communication cable industry is expected to grow from $18.2 billion in 2025 to $22.8 billion in 2029, with a CAGR of 5.7% [2] - Traditional communication devices will continue to dominate the market, accounting for 58.5% in 2024, while high-speed communication devices will account for 14.8% [2] - The global high-speed copper cable market is projected to grow at a CAGR of 26.9%, increasing from $1.9 billion to $4.9 billion between 2025 and 2029 [5] Market Position - In the heat shrink materials sector, the company ranks first globally with a market share of 20.6% and 58.5% in China [6] - The company is the largest manufacturer of DC charging guns for new energy vehicles in China, holding a market share of 41.7% [6] - The company is the second-largest high-speed copper cable manufacturer globally, with a market share of 24.9% [7] Financial Performance - The company's revenues for 2022, 2023, and Q1 2024 were $5.337 billion, $5.719 billion, and $1.759 billion, respectively, with net profit margins of approximately 12.37%, 13.25%, and 15.36% [9] - The electronic materials segment, primarily heat shrink materials, saw a revenue growth of 27.9% in 2024, contributing 37.6% to total revenue [10] - The new energy vehicle segment achieved a revenue of $1.38 billion in 2024, growing by 27.6% [11] Competitive Advantages - The company is the only domestic producer capable of mass-producing 224G PAM4 copper cables, with a stable yield rate of over 90% [15] - The company has sufficient core production equipment, with five machines for producing high-speed copper cables, and plans to acquire more [16][17] - The company maintains a healthy cash flow, with net cash flows from operating activities of $1.035 billion, $860.1 million, and $942.9 million from 2022 to 2024 [13] Customer and Supplier Dynamics - The company has a low concentration of customers, with the top five customers contributing 12.6%, 11.5%, and 12.7% of revenue from 2022 to 2024 [14] - The company’s largest customer, Amphenol, accounted for 4.0% of total revenue in 2024, indicating a diversified customer base [14] Growth Drivers - The demand for high-speed copper cables is expected to surge due to the introduction of NVIDIA's GB200 AI computing server, which utilizes copper interconnect technology [8] - The company is positioned to benefit from the increasing capital expenditures of major cloud service providers, projected to grow by 50% [24] Valuation Insights - The company's A-share PE ratio for 2025 is 22.6x, which is lower than the average of 37x for NVIDIA-related stocks [29]

Group 1 - The core technology solutions for the current 224G high-speed communication cables are physical foaming technology and solid material technology [1] - The company has developed 224G high-speed communication cables based on these two technology solutions, which have passed strict certification from leading global customers and are now being delivered in large quantities [1] - The current lotus core structure products are mainly used for PCIe series products, and there is uncertainty regarding their application in higher-speed 224G high-speed communication cables and next-generation products [1] Group 2 - An investor raised a question regarding the potential confusion between the company's products and those of New Asia Electronics, specifically about the supply of high-frequency high-speed cables to Amphenol [3] - The company supplies high-speed communication cables (single-channel 224G) for data center servers, which are distinct from the products offered by New Asia Electronics [3]

Core Viewpoint - The company,沃尔核材, emphasizes its commitment to innovation and customer satisfaction in the high-speed communication cable market, serving both international and domestic clients [1] Group 1: Clientele and Market Position - The main clients of the company include international firms such as Amphenol, HARTING, Molex, and TE Connectivity, as well as domestic connector companies like Luxshare and Infineon [1] - The high-speed communication cables supplied by the company are utilized by major server manufacturers in both international and domestic markets [1] Group 2: Innovation and Competitive Edge - The company plans to increase its investment in research and development to enhance its technological capabilities and product quality [1] - The focus on efficient customer demand response is aimed at improving core competitiveness and gaining trust from more end customers [1]

Core Viewpoint - The company,沃尔核材, is projected to lead the domestic market in revenue from its new energy business, specifically in DC charging guns, for the year 2024, supported by favorable government policies promoting high-power charging station construction [1] Group 1: Company Performance - The company's revenue from new energy business DC charging guns is expected to rank first among domestic peers in 2024 [1] - The company plans to continue investing in research and development and product iteration to maintain its leading market share [1] Group 2: Industry Impact - The government's strong push for the construction of high-power charging stations is anticipated to positively impact the company's new energy business, including charging guns [1]