Company Overview - Wanma Co., Ltd. is located in Qingshanhu Street, Lin'an District, Hangzhou, Zhejiang Province, and was established on December 30, 1996. The company was listed on July 10, 2009. Its main business involves the research, production, and sales of power cables [1] - The revenue composition of Wanma Co., Ltd. includes: Power products 68.11%, Polymer materials 28.63%, Communication products 1.70%, Trade, services, and others 1.56% [1] Financial Performance - For the first half of 2025, Wanma Co., Ltd. achieved operating revenue of 9.272 billion yuan, representing a year-on-year growth of 8.58%. The net profit attributable to the parent company was 250 million yuan, with a year-on-year increase of 21.80% [2] - Since its A-share listing, Wanma Co., Ltd. has distributed a total of 685 million yuan in dividends, with 155 million yuan distributed in the last three years [3] Stock Performance - As of September 25, Wanma Co., Ltd.'s stock price was 18.29 yuan per share, with a market capitalization of 18.551 billion yuan. The stock has increased by 117.48% year-to-date [1] - The stock has seen a net outflow of 189 million yuan in principal funds, with significant buying and selling activity in the last trading days [1] - Wanma Co., Ltd. has appeared on the daily trading leaderboard 11 times this year, with the most recent appearance on September 24, showing a net buy of -25.3167 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders of Wanma Co., Ltd. was 183,200, an increase of 0.51% from the previous period. The average circulating shares per person were 5,485, a decrease of 0.51% [2] - The top ten circulating shareholders include Southern CSI 1000 ETF, holding 7.4922 million shares, and Hong Kong Central Clearing Limited, holding 5.4780 million shares, with changes in their holdings compared to the previous period [3] Industry Context - Wanma Co., Ltd. operates within the electric equipment industry, specifically in the cable components and other related sectors. The company is associated with concepts such as Xiaopeng Motors, new energy vehicles, humanoid robots, battery swapping, and energy storage [2]

Group 1 - Wanma Co., Ltd. experienced a decline of 9.24% in stock price, with a turnover rate of 20.24% and a trading volume of 3.878 billion yuan, showing a fluctuation of 9.62% [2] - Institutional investors net sold 90.49 million yuan, while the Shenzhen Stock Connect saw a net purchase of 96.30 million yuan [2] - The stock was listed on the Shenzhen Stock Exchange for a daily price deviation of -10.80%, with institutional proprietary seats contributing to the net sell-off [2] Group 2 - The latest margin trading data shows a total margin balance of 1.221 billion yuan, with a financing balance of 1.218 billion yuan and a securities lending balance of 3.7133 million yuan [3] - Over the past five days, the financing balance increased by 39.83 million yuan, representing a growth of 3.38%, while the securities lending balance rose by 882.2 thousand yuan, a 31.16% increase [3] - On September 24, the top trading departments included the Shenzhen Stock Connect, which was the largest buyer and seller, with buying and selling amounts of 242.15 million yuan and 145.84 million yuan respectively [4]

Group 1 - The A-share market has seen a pullback in robotics concept stocks, with significant declines in several companies [1] - Haon Automotive and Electric fell over 9%, while Lihexing and Wanma shares dropped over 8% [1] - Other companies such as Wolong Electric Drive, Feilong Shares, and Fulongma experienced declines exceeding 7% [1] Group 2 - Jinfa Technology, Chuanrun Shares, and Lingyun Light fell over 6% [1] - New Asia Electronics and Zhaolong Interconnect saw declines of over 5% [1]

Core Viewpoint - The Shanghai Composite Index fell by 0.18% on September 23, with the banking and coal industries leading the gains, while social services and retail sectors experienced the largest declines [1]. Industry Summary Electric Power Equipment Industry - The electric power equipment industry rose by 0.43%, despite a net outflow of 2.345 billion yuan in main funds. Out of 362 stocks in this sector, 114 increased, with 4 hitting the daily limit, while 244 declined [1]. - Among the stocks with net inflows, 124 saw capital inflows, with 17 exceeding 100 million yuan. The top three stocks by net inflow were: - EVE Energy (6.32 billion yuan) - Ocean Motor (3.84 billion yuan) - Sungrow Power (3.16 billion yuan) [1]. - The stocks with the largest net outflows included: - CATL (7.05 billion yuan) - Wanma Co. (4.29 billion yuan) - Guoxuan High-Tech (3.97 billion yuan) [1][2]. Top Gainers in Electric Power Equipment - The following stocks had significant gains and capital inflows: - EVE Energy: +2.79%, 631.86 million yuan - Ocean Motor: +9.97%, 383.96 million yuan - Sungrow Power: +4.60%, 315.58 million yuan [1]. Top Losers in Electric Power Equipment - The following stocks experienced notable losses and capital outflows: - CATL: -0.51%, -704.60 million yuan - Wanma Co.: 0.00%, -428.79 million yuan - Guoxuan High-Tech: -0.67%, -397.31 million yuan [2].

Group 1 - The "Ma" series stocks experienced a counter-trend surge, with Feima International seeing a sharp increase and briefly hitting the daily limit [1] - Fulongma reached the daily limit, while Hanma Technology, Wanma Shares, and Wanlima also saw gains [1]

Market Overview - The grid equipment sector increased by 0.12% compared to the previous trading day, with Honglida leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Honglida (688330) saw a significant rise of 20.00%, closing at 40.74 with a trading volume of 133,900 shares [1] - Other notable gainers included: - Huashengchang (002980) up 10.00% at 25.74 with a trading volume of 100,600 shares [1] - Wanma Co. (002276) up 10.00% at 20.57 with a trading volume of 1,327,300 shares [1] - Hangdian Co. (603618) up 9.99% at 11.12 with a trading volume of 1,730,700 shares [1] Capital Flow - The grid equipment sector experienced a net outflow of 490 million yuan from institutional investors, while retail investors saw a net inflow of 302 million yuan [2] - The capital flow for key stocks showed: - Wanma Co. had a net inflow of 377 million yuan from institutional investors [3] - Jingda Co. (600577) had a net inflow of 93.69 million yuan from institutional investors [3] - Honglida experienced a net outflow of 38.52 million yuan from retail investors [3]

Group 1 - Wanma Co., Ltd. and Dayang Electric both hit the daily limit up, indicating strong market performance [1] - Lihexing and Dema Technology saw increases of over 10%, reflecting positive investor sentiment [1] - Other companies such as World, Xiangxin Technology, and Fulian Precision also experienced significant gains, contributing to a bullish trend in the market [1]

Market Overview - The Shanghai Composite Index closed at 3822.59 points, up 0.07%, while the Shenzhen Component Index closed at 13093.29 points, up 0.17%. The ChiNext Index fell by 0.09%, and the Sci-Tech Innovation 50 Index rose by 1.52% [1]. Stock Performance - Among the tradable A-shares, 1886 stocks rose, accounting for 35.03%, while 3404 stocks fell, with 94 stocks remaining flat. There were 54 stocks that hit the daily limit up, and 5 stocks hit the limit down [1]. - The sectors with the most stocks hitting the limit up included electronics, machinery equipment, and automotive, with 9, 6, and 6 stocks respectively [1]. Notable Stocks - Tianpu Co. has achieved 14 consecutive limit up days, the highest among all stocks [1]. - The stock with the highest limit up order volume was Shanzi Gaoke, with 13641.22 million shares, followed by Aotegia and Hongdou Co. with 11659.97 million shares and 8328.58 million shares respectively [1]. - In terms of order value, Luxshare Precision, Heertai, and Wanma Co. had the highest limit up order funds, amounting to 3.96 billion yuan, 1.12 billion yuan, and 832 million yuan respectively [1]. Detailed Stock Data - A detailed list of stocks hitting the limit up includes: - Luxshare Precision (60.95 yuan, 1.18% turnover, 6495.81 million shares, 3.96 billion yuan, Electronics) - Heertai (50.17 yuan, 0.96% turnover, 2224.59 million shares, 1.12 billion yuan, Electronics) - Wanma Co. (20.57 yuan, 12.86% turnover, 4044.52 million shares, 831.96 million yuan, Power Equipment) [1][2].

Group 1 - The core viewpoint of the news is that Wanma Co., Ltd. has seen a significant increase in its stock price, rising by 5.29% to reach 19.69 CNY per share, with a trading volume of 564 million CNY and a turnover rate of 2.89%, resulting in a total market capitalization of 19.971 billion CNY [1] - Wanma Co., Ltd. is primarily engaged in the research, production, and sales of electric power cables, with its main business revenue composition being: electric power products 68.11%, polymer materials 28.63%, communication products 1.70%, and trade, services, and others 1.56% [1] - The company is located in Hangzhou, Zhejiang Province, and was established on December 30, 1996, with its listing date on July 10, 2009 [1] Group 2 - From the perspective of the top ten circulating shareholders of Wanma Co., Ltd., GF Fund has increased its holdings in the Wanma stock through the GF CSI 1000 ETF, acquiring an additional 784,800 shares, bringing its total holdings to 3.5576 million shares, which represents 0.35% of the circulating shares [2] - The GF CSI 1000 ETF has a current scale of 30.718 billion CNY and has achieved a year-to-date return of 26.08%, ranking 1921 out of 4222 in its category, while its one-year return is 67.56%, ranking 1293 out of 3813 [2] - The fund manager of GF CSI 1000 ETF, Luo Guoqing, has a tenure of 9 years and 348 days, with the fund's total asset scale currently at 67.565 billion CNY, achieving the best return of 78.4% and the worst return of -48.08% during his tenure [2]

Group 1 - The core point of the news is that Wanma Co., Ltd. experienced a stock price increase of 5.38%, reaching 19.01 CNY per share, with a trading volume of 1.198 billion CNY and a turnover rate of 6.47%, resulting in a total market capitalization of 19.282 billion CNY [1] - Wanma Co., Ltd. is primarily engaged in the research, production, and sales of electric power cables, with its main business revenue composition being 68.11% from electric power products, 28.63% from polymer materials, 1.70% from communication products, and 1.56% from trade, services, and others [1] Group 2 - From the perspective of the top ten circulating shareholders, GF Fund's Guangfa CSI 1000 ETF (560010) increased its holdings by 784,800 shares in the second quarter, now holding 3.5576 million shares, which accounts for 0.35% of the circulating shares [2] - The Guangfa CSI 1000 ETF has a current scale of 30.718 billion CNY and has achieved a year-to-date return of 28.04%, ranking 1834 out of 4222 in its category, with a one-year return of 72.81%, ranking 1267 out of 3804 [2]