证券日报网讯 2月25日，万马股份在互动平台回答投资者提问时表示，公司子公司万马天屹主营业务包 括光缆产品的研发、生产与销售，其生产的通信光缆作为数据传输的关键基础设施，能够为各类数据中 心提供稳定、可靠的光纤物理连接方案。公司将积极关注并把握包括AI算力建设在内的市场发展机 遇。 （文章来源：证券日报） ...

Core Insights - The Shandong state-owned enterprise reform sector saw an increase of 0.89% on February 12, with Yabo Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4134.02, up 0.05%, while the Shenzhen Component Index closed at 14283.0, up 0.86% [1] Stock Performance - Yabo Co., Ltd. (002323) closed at 2.62, up 10.08%, with a trading volume of 3.39 million shares and a transaction value of 837 million yuan [1] - Shandong Pofiber (605006) closed at 10.20, up 10.03%, with a trading volume of 645,000 shares and a transaction value of 643 million yuan [1] - Weichai Power (000338) closed at 28.07, up 8.09%, with a trading volume of 1.60 million shares and a transaction value of 4.39 billion yuan [1] - China National Heavy Duty Truck Group (000951) closed at 21.65, up 5.66%, with a trading volume of 1.35 million shares and a transaction value of 750 million yuan [1] - Yanzhou Coal Mining Company (600188) closed at 17.51, up 5.17%, with a trading volume of 1.19 million shares and a transaction value of 2.06 billion yuan [1] Capital Flow - The Shandong state-owned enterprise reform sector experienced a net inflow of 1.049 billion yuan from institutional investors, while retail investors saw a net outflow of 904 million yuan [2] - The main stocks with significant net inflows included Inspur Information (000977) with a net inflow of 648 million yuan, accounting for 13.72% of the total [3] - Weichai Power (000338) had a net inflow of 440 million yuan, representing 10.02% of the total [3] - Yabo Co., Ltd. (002323) had a net inflow of 90 million yuan, accounting for 10.76% of the total [3]

Market Overview - The A-share market experienced a volatile session with the Shanghai Composite Index closing at 4128.37 points, up 0.13%, and a total trading volume of 882.2 billion yuan [1] - The Shenzhen Component Index closed at 14210.63 points, up 0.02%, with a trading volume of 1223.3 billion yuan [1] - The ChiNext Index fell by 0.37% to 3320.54 points, with a trading volume of 597.1 billion yuan [1] - Total trading volume in both markets was 2.11 trillion yuan, a decrease of 143.9 billion yuan compared to the previous trading day [1] Sector Performance - The cultural media, gaming, shipbuilding, education, and communication service sectors saw significant gains, while precious metals, photovoltaic equipment, jewelry, energy metals, and commercial retail sectors experienced declines [1] - The cultural media sector was notably boosted by the AI video generation model Seedance 2.0 from ByteDance, which gained attention both domestically and internationally [1] Company Movements - Companies such as Reading Culture, Jiecheng Shares, Chinese Online, Rongxin Culture, Happiness Blue Sea, and Light Media all hit the 20% daily limit up due to the surge in the cultural media sector [1] - There are indications of profit-taking by major funds in previously strong stocks, leading to a cautious outlook for the last trading days before the holiday [2]

Core Viewpoint - The company has advanced production capabilities and technical advantages in the manufacturing of optical cables, which are applicable to data center infrastructure, although the revenue from these products currently represents a small proportion of total income [2]. Group 1: Company Capabilities - The subsidiary, Wanma Tianyi, specializes in the production and sales of optical cable products [2]. - The company possesses advanced production processes and technical strengths in its operations [2]. Group 2: Market Trends and Future Outlook - There is an increasing demand for interconnectivity in data centers driven by AI, prompting the company to enhance product research and technological upgrades [2]. - The revenue contribution from optical fiber cables and data communication cables to data centers is currently low, indicating potential for growth as market demand increases [2].

Group 1 - The core viewpoint of the article is that Wanma Co., Ltd. (002276) is focusing its research and development of photovoltaic cables primarily for overseas export markets, while also covering domestic sales [1] Group 2 - The company has indicated that specific information regarding its products and sales will be disclosed in official company announcements [1]

Core Viewpoint - Wanma Co., Ltd. emphasizes the importance of operational development and market value management, committing to focus on its core business and technological innovation to enhance operational quality and long-term investment value [1] Group 1 - The company is dedicated to continuous improvement in operational development [1] - The company plans to maintain a strong focus on its main business activities [1] - The company aims to deepen its technological innovation efforts [1] Group 2 - The company is striving to enhance its operational quality [1] - The company is working towards increasing its long-term investment value [1]

Core Viewpoint - Wanma Co., Ltd. has developed a waterproof European standard nylon photovoltaic cable that has passed provincial-level new product identification, achieving a leading position in domestic performance [2] Group 1 - The company has independently researched and developed a new product in the photovoltaic cable sector [2] - The new waterproof cable product meets the standards for provincial-level new product identification [2] - The performance of the new product is recognized as leading within the domestic market [2]

Group 1 - The company, Wanma Co., Ltd. (002276.SZ), has a comprehensive range of products and capabilities in integrated power transmission solutions [1] - The company's power cable and communication cable products are applicable in the smart grid sector [1]

Core Viewpoint - The company, Wanma Co., Ltd., announced an organizational restructuring aimed at improving resource utilization and fostering the development of emerging businesses [1] Group 1: Organizational Changes - The company will establish several new departments, including the Party and Mass Work Department, Risk Control and Legal Review Center, Operations Management Center, Financial Management Center, Capital Operations Center, Supply Chain Management Center, Manufacturing Management Center, R&D Management Center, Comprehensive Management Department, Engineering Management Department, and Safety and Environmental Protection Department [1] - The "Zhejiang Wanma Transmission Technology Co., Ltd." will be adjusted to become the Military Cable Project Department, which will be integrated into the Equipment Cable Sector for unified management [1]

Group 1 - The company, Wanma Co., announced that its seventh board meeting was held on February 6, 2026, via telecommunication voting [1] - The meeting reviewed the proposal regarding the appointment of the internal audit director [1] Group 2 - A survey conducted among several leading public funds revealed unexpected answers regarding the legality of personal stock trading by fund managers [1]