Financial Performance - In 2024, the company's revenue reached 177.61 billion CNY, with a net profit of 3.41 billion CNY [2] - The revenue composition by product for 2024: - Power products: 117.47 billion CNY (66.14%) - Communication products: 4.99 billion CNY (2.81%) - Polymer materials: 51.85 billion CNY (29.20%) - Trade, services, and others: 1.85 billion CNY (1.85%) [2] Profit Margins - Gross profit margins for 2024: - Power products: 9.92% - Communication products: 12.31% - Polymer materials: 13.24% [3] Business Segments - The company is a leading manufacturer of intelligent equipment cables, with a strong focus on R&D and production capabilities in the robotics cable sector [4] - The company has established a competitive edge in robotics cables through: - Advanced product design and manufacturing capabilities - The first TUV-certified robotics cable laboratory in China - Strong quality control and manufacturing processes [5] Market Position - The domestic market share of the company's high polymer ultra-high voltage insulation materials increased from approximately 15% in 2021 to about 20% [8] - The annual production capacity for high polymer ultra-high voltage insulation materials is projected to reach 60,000 tons after the completion of the third phase project [8] Recent Developments - In Q1 2025, the company reported a revenue of 39.7 billion CNY, a year-on-year increase of 4.43%, and a net profit of 0.82 billion CNY, up 23.05% year-on-year [9] - The third phase project for high polymer ultra-high voltage insulation materials is expected to commence production this year [9] Risk Advisory - The company advises investors to be cautious regarding investment risks, particularly as the revenue from industrial robots, humanoid robots, and robotic dog cables currently represents a small proportion of overall revenue [6][7]

浙江万马股份有限公司董事会提名委员会 浙江万马股份有限公司董事会提名委员会 关于公司第六届董事会非独立董事候选人审核意见 杨黎明、高珊珊、傅怀全 浙江万马股份有限公司董事会： 根据《浙江万马股份有限公司董事会提名委员会工作细则》的规定，作为公司 提名委员会的委员，审核第六届董事会非独立董事候选人赵健先生个人材料，通过 对候选人个人资料等的查阅，认为该非独立董事候选人符合上市公司非独立董事任 职资格，能够胜任所聘岗位职责要求，未发现有不符合《公司法》相关规定，以及 被中国证监会确定为市场禁入者且禁入尚未解除等情形存在。我们同意提名赵健先 生为公司第六届董事会非独立董事候选人。 二〇二五年四月二十九日 ...

| 证券代码：002276 | 证券简称：万马股份 公告编号：2025-024 | | --- | --- | | 债券代码：149590 | 债券简称：21 万马 01 | 本议案经公司董事会提名委员会审议通过。 董事会中兼任公司高级管理人员以及由职工代表担任的董事人数总计不超 过公司董事总数的二分之一。 浙江万马股份有限公司 第六届董事会第三十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 浙江万马股份有限公司（以下简称"公司"）第六届董事会第三十四次会议于 2025 年 5 月 6 日在公司以通讯表决的方式召开。本次董事会会议通知已于 2025 年 4 月 29 日以电子邮件等形式发出。会议由公司董事长李刚先生主持，应出席 董事 9 名，实际出席董事 9 名。公司监事、高管人员列席会议，本次董事会会议 的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 二、董事会会议审议情况 经与会董事认真审议，表决通过了以下决议： 1.会议以 9 票同意、0 票反对，0 票弃权，审议通过《关于提名赵健先生为 ...

| 证券代码：002276 | 证券简称：万马股份 | | 公告编号：2025-025 | | --- | --- | --- | --- | | 债券代码：149590 | 债券简称：21 万马 | 01 | | 浙江万马股份有限公司 关于召开 2025 年第一次临时股东大会的通知 浙江万马股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1.股东大会届次：2025 年第一次临时股东大会。 2.股东大会召集人：公司董事会。2025 年 5 月 6 日，公司第六届董事会第三十 四次会议审议通过《关于提请召开 2025 年第一次临时股东大会的议案》，决定于 2025 年 5 月 22 日召开 2025 年第一次临时股东大会。 3.会议召开的合法、合规性：董事会认为本次股东大会的召开符合有关法律、 行政法规、部门规章、规范性文件、本所业务规则和公司章程等的规定。 4.会议拟召开的日期、时间： （1）现场会议时间：2025 年 5 月 22 日下午 14:30； （2）网络投票时间：2025 年 5 月 22 日 通过深交所交易系 ...

Group 1: Company Overview and Performance - Zhejiang Wanma Co., Ltd. achieved a revenue of 17.76 billion CNY in 2024, representing a year-on-year growth of 17.46% [14] - The net profit attributable to shareholders decreased by 3.41% to 1.38 billion CNY [14] - The company faced pressure on profitability due to rising copper prices and increased market competition [14] Group 2: Product and Market Insights - The company's robot cable products have competitive advantages, including advanced product design and a TUV-certified laboratory for extensive R&D data [2][3] - The new energy segment saw a compound annual growth rate of 38.26% in charging equipment sales, indicating a recovery in profitability [3] - The market share of ultra-high voltage insulation materials is approximately 20% [9] Group 3: R&D and Innovation - In 2024, the cable segment successfully developed 16 new products, with 9 achieving provincial-level industrial new product certification [7] - The high polymer segment completed significant R&D projects, including high-voltage cable materials that have been recognized for their advanced technology [7] - The company holds multiple patents in cable design and production processes, enhancing its competitive edge [7] Group 4: Future Outlook and Industry Trends - The demand for electricity in China is expected to grow by about 6% in 2025, supporting accelerated investment in the power grid [12] - The share of high-end and special cable products in the cable industry is projected to increase from 30% in 2024 to 35%-40% in 2025 [12] - The company is positioned to benefit from strategic opportunities in emerging industries such as new energy and advanced manufacturing [11]

Group 1: Company Overview and Strategy - Zhejiang Wanma Co., Ltd. focuses on a "dual-wing" development strategy encompassing three main business sectors: power cables, new materials, and new energy [2][3]. - The power cable sector is the largest and foundational business, leveraging existing production capabilities and market advantages for stable growth [2][3]. Group 2: Product Differentiation - The power cable sector primarily produces power cables of various voltage levels for infrastructure and large projects, serving clients in sectors like state grid, rail transit, and real estate [3]. - The equipment cable sector specializes in industrial smart cables and various specialized cables, targeting industries such as smart manufacturing and clean energy [3]. Group 3: Robotics and Automation Solutions - The Wanma Robot Intelligent CCa System offers customized electrical connection solutions for automation equipment, enhancing product offerings from single cables to integrated solutions [4]. - The company emphasizes ongoing technical support and product reliability tracking to improve product quality and customer satisfaction [4]. Group 4: Competitive Advantages - Wanma's competitive edge in robot cables includes advanced product design capabilities, a certified laboratory for testing, and a strong focus on manufacturing quality [5]. - The company participates in setting industry standards, which enhances its market position and recognition [5]. Group 5: Market Presence and Production Capacity - Wanma's high molecular ultra-high voltage insulation material aims for an annual production capacity of 60,000 tons post-project completion, with a domestic market share increase from approximately 15% in 2021 to about 20% [5][6]. - The company currently has 40,513 public charging piles and 3,047 charging stations, reflecting its commitment to the new energy sector [6]. Group 6: Raw Material Impact - Fluctuations in copper prices directly affect the cable sector's performance, despite the company employing strategies to mitigate risks [6]. - The new materials sector is influenced by the prices of petrochemical-derived raw materials, which can impact profitability [6].

| | | 证券代码：002276 证券简称：万马股份 公告编号：2025-023 债券代码：149590 债券简称：21 万马 01 浙江万马股份有限公司 关于董事辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 浙江万马股份有限公司（以下简称"公司"）董事会于 2025 年 4 月 28 日收到 董事高珊珊女士的书面辞职报告。 因工作原因，高珊珊女士申请辞去公司董事及董事会相关专门委员会职务， 辞职后不在公司担任其他职务。 根据《公司法》、《公司章程》等有关规定，高珊珊女士的辞职不会导致公 司董事会成员低于法定人数，根据法律法规和公司章程的有关规定，在公司股东 会改选董事就任前，原董事仍将履行董事职务。公司将尽快按照相关规定选举新 任董事。 董事会对高珊珊女士在公司任职期间为公司发展作出的支持和贡献表示衷 心的感谢！ 特此公告。 浙江万马股份有限公司董事会 二〇二五年四月三十日 ...

Core Viewpoint - The company reported its 2024 annual results and Q1 2025 results, showing revenue growth but a significant decline in net profit for 2024, while Q1 2025 showed mixed results in revenue and net profit [1][2]. Group 1: Financial Performance - In 2024, the company achieved revenue of 17.761 billion yuan, a year-on-year increase of 17.46%, but the net profit attributable to shareholders was 341 million yuan, a decrease of 38.57% [1]. - For Q1 2025, the company reported revenue of 3.970 billion yuan, a year-on-year increase of 4.43% but a quarter-on-quarter decrease of 16.25%. The net profit attributable to shareholders was 82 million yuan, a year-on-year increase of 23.05% but a quarter-on-quarter decrease of 5.23% [1]. Group 2: Business Segments - The wire and cable segment continued to grow, with revenue from power products reaching 11.747 billion yuan in 2024, an increase of 32.29%, although the gross margin decreased by 2.32 percentage points to 9.92% [1]. - The polymer materials segment also saw revenue growth, achieving 5.185 billion yuan in 2024, a year-on-year increase of 6.42%, with a gross margin of 13.24%, down by 3.46 percentage points [2]. - The company successfully launched its high-end equipment project in Qingdao, with a focus on leading technology in photovoltaic cable production and a successful implementation of its north-south linkage strategy [1]. Group 3: Innovation and Development - The company has been advancing its capacity in the polymer materials sector, with sales volume reaching 528,700 tons in 2024, a year-on-year increase of 9.31%, and a monthly sales peak of 55,500 tons [2]. - The company has made significant progress in R&D, completing multiple key new product developments and advancing major projects in the new materials sector, including the successful launch of the silane integration project [2]. - The company has also established a robotics cable division since 2016, achieving mass delivery of flexible robotic cables in 2024, which meet international standards for durability [2]. Group 4: Investment Outlook - The company is expected to see net profit attributable to shareholders of 493 million yuan, 641 million yuan, and 838 million yuan for 2025-2027, representing year-on-year growth of 44.4%, 30.2%, and 30.7% respectively, with corresponding EPS of 0.49, 0.63, and 0.83 yuan [3].

据证券之星公开数据整理，近期万马股份(002276)发布2025年一季报。截至本报告期末，公司营业总收 入39.7亿元，同比上升4.43%，归母净利润8182.73万元，同比上升23.05%。按单季度数据看，第一季度 营业总收入39.7亿元，同比上升4.43%，第一季度归母净利润8182.73万元，同比上升23.05%。本报告期 万马股份公司应收账款体量较大，当期应收账款占最新年报归母净利润比达1745.7%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率11.96%，同比减4.91%，净利率2.05%，同比增 16.07%，销售费用、管理费用、财务费用总计3.07亿元，三费占营收比7.73%，同比增0.21%，每股净资 产5.71元，同比增7.85%，每股经营性现金流-0.86元，同比减3.4%，每股收益0.08元，同比增22.96% | 项目 | 2024年一季报 | 2025年一季报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 38.01亿 | 39.7亿 | 4.43% | | 归母浄利润（元） | 6650.06万 | 8182.73万 | 2 ...

浙江万马股份有限公司 舆情管理工作制度 （2025 年 4 月制定） 为了提高公司应对各类舆情的能力，建立快速反应和应急处置机制，根据 《深圳证券交易所股票上市规则》等相关法律法规规定，并结合公司实际情况， 制定本工作制度。 一、舆情管理的组织机构及主要职责 公司成立舆情管理工作领导小组（以下简称"舆情工作组"），由公司董 事长任组长，董事会秘书任副组长，成员由公司其他高级管理人员及相关职能 部门和子公司负责人组成。组长负责领导舆情工作组的各类舆情处理工作，组 长因故不能履行职务时，由副组长进行领导；副组长因故不能履行职务时，由 董事会指定的舆情工作组其他成员进行领导。 舆情工作组是公司应对各类舆情处理工作的领导机构，统一领导公司应 对舆情的处理工作，就相关工作做出决策和部署，根据需要研究决定公司对外 发布信息。 1.重大舆情：指传播范围较广，已经或可能引起公司股票及其衍生品种交 易产生异常波动、严重影响公司公众形象或正常经营活动、使公司已经或可能 遭受损失等相关舆情；或公司及相关信息披露义务人按照法律法规履行信息 披露义务的时点前，重大事项已经泄露或者出现媒体报道、市场传闻等舆情。 2.一般舆情：指除重大舆 ...