证券代码：002130 证券简称：沃尔核材 深圳市沃尔核材股份有限公司 投资者关系活动记录表 编号：2024-008  特定对象调研 □分析师会议 投资者关系活 □媒体采访 □业绩说明会 动类别 □新闻发布会 □路演活动 □现场参观  其他 线上会议 国盛证券 林卓欣； 中信建投 于芳博； 中信证券 柯迈； 富国基金 张富盛； 参与单位名称 北京泽联资本 刘宽清； 及人员姓名 兴证通信 代小笛，王灵境，杨雨； 淳厚基金 廖辰轩，薛莉丽，钟臻，陈文； 浦银安盛 杨达伟，赵宁，凌晨，秦闻，王聪，赵楠； 鹏华基金 王璐，黄奕松，傅一珂，胡颖，周书臣。 2024 年7月2日 15:00-16:30 时间 2024 年7月3日 09:30-11:30、14:00-17:00 地点 深圳市坪山区兰景北路沃尔工业园综合楼二楼会议室 ...

证券代码：002130 证券简称：沃尔核材 公告编号：2024－046 深圳市沃尔核材股份有限公司 关于回购股份进展暨回购实施结果的公告 根据公司《关于回购公司股份方案的公告》《回购股份报告书》，如若公司 在回购期间内实施了送股、资本公积金转增股本、现金分红等除权除息事项，自 股价除权除息之日起，按照相关规定相应调整回购价格上限。鉴于公司2023年年 度权益分派方案已实施完毕，公司对本次回购股份的价格上限进行调整，公司回 购股份价格上限由不超过人民币10元/股（含）调整至不超过9.83元/股（含）。 上述具体内容详见公司在《证券时报》、《中国证券报》和巨潮资讯网 （www.cninfo.com.cn）披露的相关公告。 截至本公告披露日，公司回购股份方案已实施完毕。根据《上市公司股份回 购规则》《深圳证券交易所上市公司自律监管指引第9号—回购股份》的相关规 定，现将公司股份回购进展、股份回购实施结果暨股份变动有关事项公告如下： 一、回购股份的具体实施情况 1、2023年11月7日，公司首次通过回购专用证券账户以集中竞价交易方式回 购了公司股份3,292,300股，占公司总股本的0.26%。具体内容详见公司于20 ...

证券代码：002130 证券简称：沃尔核材 公告编号：2024-043 深圳市沃尔核材股份有限公司 二、以9票同意、0票反对、0票弃权，审议通过了《关于为控股子公司提供 担保的议案》。 为促进下属子公司业务发展，提高其经济效益和盈利能力，公司拟为控股子 公司深圳市长园特发科技有限公司向银行申请授信额度提供总额不超过人民币 2,000万元的担保。 《关于为控股子公司提供担保的公告》详见2024年6月29日的《证券时报》、 《中国证券报》和巨潮资讯网（www.cninfo.com.cn）。 1 特此公告。 深圳市沃尔核材股份有限公司董事会 2024年6月29日 第七届董事会第十七次会议决议公告 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。 深圳市沃尔核材股份有限公司（以下简称"公司"）第七届董事会第十七次 会议通知于2024年6月25日（星期二）以电话及邮件方式送达给公司9名董事。会 议于2024年6月28日（星期五）以通讯会议方式召开，会议应到董事9人，实到董 事9人，公司监事、高管列席了本次会议。本次董事会的召开符合国家有关法律、 法规和《公司章程》的规定。会议 ...

二、被担保人基本情况 证券代码：002130 证券简称：沃尔核材 公告编号：2024－045 深圳市沃尔核材股份有限公司 关于为控股子公司提供担保的公告 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、担保情况概述 为促进下属子公司业务发展，提高其经济效益和盈利能力，公司拟为控股子 公司深圳市长园特发科技有限公司（以下简称"深圳特发"）向银行申请授信额 度提供总额度不超过人民币2,000万元的担保。具体授信银行、担保金额、担保 期限根据签订的担保合同为准。上述担保额度合同签署的有效期自董事会审议通 过之日起12个月内有效。 本次担保事项已经公司2024年6月28日召开的第七届董事会第十七次会议审 议通过。本次对外担保金额合计人民币2,000万元，占公司2023年末经审计净资 产的0.41%。根据《深圳证券交易所上市公司自律监管指引第1号——主板上市公 司规范运作》及《公司章程》等有关规定，公司本次担保事项属于董事会权限范 围之内，无需提交股东大会审议。 本次担保事项不构成关联交易，不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 1、公司名称：深圳 ...

本次控股子公司向其下属子公司增资事项尚需在工商行政管理等相关部门 进行备案登记，相关事项的办理以有关部门的审批意见为准。 根据有关法律法规、规范性文件和《公司章程》等制度的规定，本次增资事 项属于公司董事会决策权限，无需提交公司股东大会审议。本次事项不构成关联 交易，也不构成《上市公司重大资产重组管理办法》规定的上市公司重大资产重 组。 本次增资事项具体内容如下： 证券代码：002130 证券简称：沃尔核材 公告编号：2024-044 深圳市沃尔核材股份有限公司 关于控股子公司向其下属子公司增资的公告 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。 深圳市沃尔核材股份有限公司（以下简称"公司"）于 2024 年 6 月 28 日召 开的第七届董事会第十七次会议审议通过了《关于控股子公司向其下属子公司增 资的议案》，为增强公司控股子公司的资金实力，进一步提升其竞争力和抗风险 能力，促进子公司业务发展，公司控股子公司长园电子（东莞）有限公司（以下 简称"东莞电子"）及上海长园电子材料有限公司（以下简称"上海电子"）拟 以自有资金共计 20,000 万元向公司控股子公司 ...

Investment Rating - The report gives a "Buy" rating for the company, marking it as the first coverage [51]. Core Insights - The company has established a strategic focus on "new materials and new energy," with significant growth in its electronic, power, wire, and new energy business segments. From 2019 to 2023, the company's revenue increased from 3.978 billion to 5.723 billion yuan, with a CAGR of 9.52%. The net profit attributable to the parent company rose from 210 million to 700 million yuan, achieving a CAGR of 35.21% [44][36]. Summary by Sections 1. Company Overview - The company was founded in June 1998 and has a strong presence in the domestic heat shrink materials industry, holding a significant market share. It has continuously expanded its product offerings and market reach, including electronic products used in nuclear power, automotive, and rail transportation sectors [31][49]. 2. Wire Segment - The wire segment is expected to benefit from the increasing demand for high-speed communication lines, particularly in data centers, industrial robots, and automotive applications. The company’s high-speed communication lines have achieved stable mass production, with products like 400G and 800G already in the market [20][44]. 3. Electronic Segment - The electronic segment is a market leader in heat shrink materials, with ongoing advancements in high-end applications. The company has seen a steady increase in market share in high-end sectors, including aerospace [62][49]. 4. Power Segment - The power segment is poised to benefit from increased investment in the power grid and rapid development in new energy. The company is actively expanding its high-voltage product market and developing new energy and nuclear-grade cable accessories [45][62]. 5. New Energy Segment - The new energy segment includes electric vehicle charging guns, with a market share exceeding 60% in the national standard DC charging gun sector. The company also operates three wind power plants, contributing stable cash flow [50][63]. 6. Financial Performance - The company’s revenue and net profit have shown significant growth, with Q1 2024 revenue reaching 1.389 billion yuan, a year-on-year increase of 21.62%, and net profit of 184 million yuan, up 77.27% year-on-year [36][44]. The gross profit margin has remained high, and the net profit margin has consistently improved over the years [40]. 7. Market Outlook - The global AI server market is projected to grow significantly, with the company positioned to benefit from this trend. The demand for high-speed copper cables is expected to increase, with a CAGR of 25% anticipated from 2023 to 2027 [60][22].

Investment Rating - The report gives a "Buy" rating for the company, with a predicted stock price increase of over 20% relative to the market index [12][13] Core Views - The company's Q1 2024 net profit attributable to parent company was 184 million yuan, up 77.27% YoY, and adjusted net profit was 173 million yuan, up 78.84% YoY [3] - The company is implementing a share repurchase plan, using 100-120 million yuan of its own funds to buy back shares, with 13.565 million shares repurchased by May 31, 2024, accounting for 1.08% of total shares [3] - The company's high-speed communication cable products have achieved stable mass production of 400G and 800G, and are in the sampling stage for 224G single-channel products with major customers like Amphenol [4] - The company's revenue is expected to grow from 6.694 billion yuan in 2024 to 9.490 billion yuan in 2026, with EPS increasing from 0.66 yuan to 0.96 yuan [4] Business Segments Electronics - The company holds a significant market share in China's heat shrinkable materials industry, with breakthroughs in high-end sectors like new energy, medical, and aviation [13] - It has developed new products like 150℃ double-wall tubes, upgraded FEP medical heat shrink tubes, and MT series polyolefin/fluororesin medical heat shrink tubes [13] Power Products - The company has made progress in ultra-high voltage cable accessories, with 330kV and 500kV products passing pre-qualification tests [13] - Its 66kV offshore wind power separable connector series has passed certification, benefiting from China's nuclear power development trend [13] Wire Products - Subsidiary Loting Zhilian has advanced 67Hz network analyzers and has completed development of 800G high-speed communication cables [13] - Its high-speed communication cable products have reached international advanced levels, serving major clients like Amphenol, Volex, Molex, TE Connectivity, and Luxshare [13] New Energy Products - The company holds over 60% market share in China's national standard DC charging guns [13] - Its high-power liquid-cooled charging guns (1000A/1000V) have achieved the largest charging power in China, with growing orders from clients like Teld, Kehua, and Sinexcel [13] Financial Performance - 2023 revenue was 5.723 billion yuan, up 7.61% YoY, with net profit attributable to parent company of 700 million yuan, up 13.97% YoY [15] - Gross margin improved to 32.63% in 2023, with electronics and power products showing margin increases due to R&D investment and cost reductions [15] - 2024-2026 revenue is forecasted to grow at 17.0%, 18.2%, and 19.9% respectively, with net profit growth of 19.2%, 20.4%, and 20.2% [17][19] - ROE is expected to increase from 12.8% in 2023 to 14.8% in 2026 [20]

证券代码：002130 证券简称：沃尔核材 深圳市沃尔核材股份有限公司 投资者关系活动记录表 编号：2024-006  特定对象调研 □分析师会议 投资者关系活 □媒体采访 □业绩说明会 动类别 □新闻发布会 □路演活动 □现场参观 □其他 博普资产 雍国铁，华源证券 郑嘉伟，光大资管 郭冲冲，路演 参与单位名称 光年 黄景荣，路翔投资 李正，中信证券 王子昂，浙商证券 尹 及人员姓名 仕昕、杨子伟、林亮亮，望正资产 马力，恒邦兆丰 段迎晟，中 泰证券 农誉 时间 2024年6 月14日 14:30-16:30 地点 深圳市坪山区兰景北路沃尔工业园综合楼二楼会议室 上市公司接待 董事会秘书 邱微女士，证券事务代表 李文雅女士 人员姓名 一、参观公司展厅 二、双方沟通交流 ...

铜缆高速连接概念股：公司产品多点开花、业绩保持较快增长 公司近期看点： 以下为付费部分（不可见） 沃尔核材产品包括：热缩套管、热缩母排、热缩电缆附件、冷缩电缆附件、电缆分支箱等 2500 多种产品，广泛应用于电子、电力、冶金、石化、汽 车、高铁、煤矿及航天航空等领域，产品远销欧美、东南亚等多个国家和地区。 1、铜缆高速连接：公司子公司乐庭智联生产的 400G、800G 高速通信线为 DAC 铜电缆，在短距离信号传输方面，具备低功耗、高性价比、高速率等优 势，广泛应用于数据中心、服务器、交换机/工业路由器等数据信号传输。 摘要：英伟达新一代 AI 服务器量产，铜缆高速连接板块迎来风口。 作者：市值风云 App：天成 henry 1、2024 年一季度业绩快速增长。 3、5 月份 96 家机构密集调研。 沃尔核材主营业务为高分子核辐射改性新材料及系列电子、电力、电线产品的研发、制造和销售，开发运营风力发电，布局新能源汽车、智能制造等 相关产业，具体可分为电子、电力、电线及新能源四个业务板块。 2023 年公司营业收入 57.2 亿元，同比增加 7.2%；归母净利润 7 亿元，同比增加 14%；扣非净利润 6.7 ...

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company,沃尔核材, has shown a strong performance in 2023 with total revenue of 57.23 billion and a net profit of 7 billion, reflecting a year-on-year increase of 7.2% and 14% respectively [13] - The first quarter of 2024 demonstrated significant growth, with revenue reaching 13.89 billion, up 21.6% year-on-year, and net profit increasing by 77% to 1.84 billion [13] - The company has a diverse product range, including over 2500 products in various sectors such as electronics, power, metallurgy, petrochemicals, automotive, high-speed rail, coal mining, and aerospace [1] Revenue Breakdown - In 2023, the revenue from electronic products was 2.26 billion, power products 1.28 billion, wire products 1.17 billion, and new energy products 860 million, with power and new energy products contributing more to revenue compared to 2022 [2] - The first quarter of 2024 saw significant contributions from the new energy sector, particularly charging gun products, which accounted for over 60% of the segment's revenue [7] Market Behavior - The company’s subsidiary, 乐庭智联, achieved a revenue of 340 million in the first quarter of 2024, marking a 29.1% increase year-on-year, with a net profit of 13.11 million, up 126.5% [6] - The company has established a stable supply relationship with major clients, including Huawei and BYD, enhancing its market position [16][28] Future Growth Drivers - The company anticipates significant market potential for its charging gun products and has entered the supply chain for China's commercial aircraft, which is expected to drive growth [32] - The nuclear power sector is projected to expand, with the company’s nuclear-grade cable products expected to see increased demand as the country aims to raise nuclear power's share in total electricity generation [32] - The rapid development of AI is expected to boost demand for high-speed communication lines, which are crucial for data centers and servers [32]