声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 有投资者在互动平台向万马股份提问："结合政府采购整治'内卷式竞争'的新规（2026年2月1日施行） 及万马股份的业务特性，可提出问题：在财政部2026年1月发布的政府采购异常低价整治新规（聚焦'优 质优价、履约验收'）实施后，万马股份2026年以来在电力电缆、储能配套等核心政采赛道的中标数 量、单项目毛利率改善幅度，以及符合新规'全生命周期成本'要求的典型履约案例（如含运维服务的项 目）有哪些？" 针对上述提问，万马股份回应称："尊敬的投资者，您好！感谢您对公司的关注。财政部等相关部委为 推动政府采购回归'优质优价'的价值导向，遏制'内卷式'恶性低价竞争而出台的新规，有利于营造更加 健康、可持续的市场环境。万马股份作为长期服务于国家电网等大型客户的企业，始终坚持以技术创 新、质量可靠和全生命周期服务能力作为核心竞争优势。公司将积极适应政策要求，力争在未来的市场 竞争中，以更高的质量、更优的服务和更全面的解决方案赢得客户认可。公司在新规施行后的具体经营 数据及其他重大信息，将严格按照监管要求，在定期报告或相关公告中予以披 ...

Group 1 - The core viewpoint of the article highlights a significant increase in the power grid equipment sector, which rose by 6.94% on the trading day, with YN Power leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - A detailed table of individual stock performances within the power grid equipment sector shows various stocks with their closing prices, percentage changes, trading volumes, and transaction amounts [1] Group 2 - The net inflow of main funds into the power grid equipment sector was 6.472 billion yuan, while retail funds experienced a net outflow of 2.429 billion yuan [3] - A breakdown of fund flows indicates that major stocks like TBEA and China XD Electric saw significant net inflows of 2.408 billion yuan and 1.807 billion yuan, respectively, while retail investors withdrew funds from these stocks [3] - The table of fund flows provides insights into the net inflows and outflows for various stocks, highlighting the contrasting behaviors of institutional and retail investors [3]

Core Insights - The article emphasizes the rapid growth and importance of the new energy insulation materials industry, driven by the dual forces of the "dual carbon" strategy and explosive growth in downstream new energy sectors such as electric vehicles, photovoltaics, wind power, and energy storage [1][3]. Industry Overview - New energy insulation materials are high-performance special materials designed for solar, wind, energy storage, and electric vehicle applications, requiring not only traditional insulation functions but also high voltage resistance, weather resistance, and flame retardancy [2][3]. - The industry has established a complete supply chain from upstream raw material supply to midstream material R&D and manufacturing, and downstream terminal applications, with a shift from single product supply to comprehensive solution services [1][3]. Market Dynamics - The market for new energy insulation materials is expanding rapidly, with electric vehicles being the core growth market. The demand for insulation materials in photovoltaics, wind power, and energy storage is also increasing significantly [1][4]. - The insulation materials market is projected to reach 66 billion yuan by 2025, driven by the rapid growth of the new energy vehicle sector, which is expected to see production and sales exceed 14.9 million units, with a year-on-year growth rate of over 30% [4][7]. Policy Support - A series of policies have been introduced to support the new energy insulation materials industry, including guidelines for enhancing safety systems in electric vehicle enterprises and plans for green and low-carbon innovation in power equipment [3][4]. Competitive Landscape - The competitive landscape is characterized by a shift towards high-end, green, and localized production, with domestic companies accelerating technological breakthroughs to reduce reliance on imports [1][8]. - Key players in the market include Dongcai Technology, Ping An Electric, and others, with a focus on high-performance materials such as silicone rubber and polyimide films [1][4]. Future Trends - The industry is expected to evolve towards high-end, green, localized, and integrated development, with a focus on technological innovations such as nanocomposites and bio-based materials [8][9]. - The trend of domestic substitution will deepen, with leading companies breaking foreign monopolies in high-end products and enhancing market concentration through mergers and acquisitions [9][10]. - There will be a shift from merely providing products to offering customized solutions, enhancing collaboration between upstream raw material suppliers and midstream manufacturers [10].

（文章来源：证券日报） 证券日报网讯 1月8日，万马股份在互动平台回答投资者提问时表示，公司重视员工关怀与团队建设， 通过建立完善的职业发展体系、有竞争力的薪酬激励及丰富的员工关怀计划，持续增强团队凝聚力与归 属感，每年度会定期开展员工满意度调查。公司员工队伍稳定。未来公司将继续营造积极、健康的工作 氛围，促进员工与公司共同成长。 ...

（文章来源：证券日报） 证券日报网讯 1月8日，万马股份在互动平台回答投资者提问时表示，公司研发投入情况请关注公司后 续披露的2025年年度报告。 ...

证券日报网讯1月8日，万马股份（002276）在互动平台回答投资者提问时表示，青岛万海作为公司"南 北联动"战略的重要布局，自投产以来始终按计划推进产能爬坡与市场拓展，目前项目运营平稳。 ...

Group 1 - The core viewpoint of the article is that Wanma Co., Ltd. is currently in a capacity ramp-up phase for its main products, which include various types of cables and wires [1] Group 2 - Wanma Co., Ltd. specializes in the manufacturing of electric wires and cables, including 110kV and below power cables, overhead insulated cables, control cables, fabric wires, photovoltaic cables, and computer cables [1]

Group 1 - The core viewpoint of the article is that Wanma Co., Ltd. (002276) has indicated that its products, including optical fibers and data communication cables, are applicable in the construction of data centers and related infrastructure [1] - The revenue generated from these products is relatively small in proportion to the company's overall income [1] - The company has advised investors to pay attention to investment risks associated with this segment [1]

证券日报网讯1月8日，万马股份（002276）在互动平台回答投资者提问时表示，公司始终重视市值管理 工作，通过完善治理、提升经营效益与持续回报股东等方式夯实价值基础。未来公司将聚焦主业发展和 技术创新，积极拓展高潜力业务，并通过增强信息披露与投资者交流，推动市值与内在价值合理匹配。 ...

Group 1 - The core viewpoint of the article is that Wanma Co., Ltd. (002276.SZ) has indicated its products, including optical fiber cables and data communication cables, are applicable in the construction of data centers and related infrastructure [1] - The overall revenue contribution from these products is relatively small, suggesting limited impact on the company's financial performance [1]