Group 1 - The core business of Wanma Technology includes research, production, system integration, and sales of communication and medical information technology equipment, as well as data center integration and maintenance services [2] - The revenue composition of Wanma Technology is as follows: 46.44% from vehicle networking, 30.39% from cabinet and chassis products, 11.64% from industrial control products, 6.64% from other products, and 4.89% from medical information technology products [2] - As of June 30, the number of shareholders of Wanma Technology increased to 32,000, a rise of 151.51%, while the average circulating shares per person decreased by 60.24% [2] Group 2 - In the first half of 2025, Wanma Technology achieved operating revenue of 339 million yuan, a year-on-year increase of 50.91%, and a net profit attributable to the parent company of 16.46 million yuan, up 3.06% year-on-year [2] - Since its A-share listing, Wanma Technology has distributed a total of 35.24 million yuan in dividends, with 30.82 million yuan distributed over the past three years [3] - The stock price of Wanma Technology has increased by 39.73% year-to-date, with a recent decline of 5.63% over the last five trading days [1]

Market Overview - On September 26, the communication equipment sector declined by 2.8%, with Wanma Technology leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers in the communication equipment sector included: - Feiling Kesi (301191) with a closing price of 125.08, up 6.72% [1] - Sinan Navigation (688592) at 49.00, up 6.57% [1] - Cambridge Technology (603083) at 133.05, up 6.55% [1] - Major decliners included: - Wanma Technology (300698) at 47.20, down 7.61% [2] - Taicheng Light (300570) at 106.02, down 6.98% [2] - Lian Te Technology (301205) at 97.05, down 6.54% [2] Capital Flow - The communication equipment sector experienced a net outflow of 4.834 billion yuan from institutional investors, while retail investors saw a net inflow of 2.787 billion yuan [2] - The sector's overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Key stocks with significant capital flow include: - Cambridge Technology (603083) with a net inflow of 52.9 million yuan from institutional investors [3] - Feiling Kesi (301191) saw a net inflow of 82.92 million yuan from institutional investors [3] - Xin Ke Mobile (688387) had a net inflow of 46.39 million yuan from institutional investors [3]

Core Viewpoint - Wanma Technology (300698) reported that as of June 30, 2025, the number of common stock shareholders is expected to reach 31,954 [1] Summary by Relevant Categories - **Company Information** - Wanma Technology has indicated a projected total of 31,954 common stock shareholders by June 30, 2025 [1]

Core Viewpoint - Wanma Technology (300698) confirmed that its production and operational activities are currently normal, and investors are advised to pay attention to the upcoming quarterly report for third-quarter performance details [1] Company Summary - Wanma Technology is actively engaging with investors through an interactive platform, indicating transparency in communication [1] - The company reassured stakeholders about the stability of its operations, which may positively influence investor confidence [1] Industry Context - The mention of the upcoming quarterly report suggests that the industry is closely monitoring financial disclosures, which are critical for assessing company performance and market conditions [1]

万马科技（300698.SZ）9月25日在投资者互动平台表示，公司已经成功与吉利、理想、上汽、东风、岚 图、智己等10多个知名汽车厂商建立紧密的合作关系，均有实际订单落地。截至2025年6月30日，公司 普通股股东人数共31954人。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：尊敬的董秘您好，公司一直在公告说与国内车企有很 多合作，有没有拿到实际的订单，订单量是多少？另外截至今天股东人数为多少？ ...

格隆汇9月25日丨万马科技(300698.SZ)在投资者互动平台表示，公司已经成功与吉利、理想、上汽、东 风、岚图、智己等10多个知名汽车厂商建立紧密的合作关系，均有实际订单落地。 ...

Market Overview - On September 24, the communication equipment sector declined by 0.57%, with Shijia Technology leading the losses [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Notable gainers in the communication equipment sector included: - Fujida (30.80, +7.06%, 147,600 shares, 450 million CNY) - Dongsoft Zhaibo (18.15, +6.20%, 263,800 shares, 473 million CNY) - Zhongda Technology (18.15, +5.28%, 2,760,000 shares, 4.904 billion CNY) [1] - Major decliners included: - Shijia Technology (17.64, -8.22%, 389,900 shares, 697 million CNY) - Guangku Technology (124.62, -8.14%, 260,200 shares, 3.236 billion CNY) - Changfei Optical Fiber (110.30, -5.94%, 186,700 shares, 2.052 billion CNY) [2] Capital Flow - The communication equipment sector experienced a net outflow of 2.052 billion CNY from institutional investors, while retail investors saw a net inflow of 2.012 billion CNY [2][3] - Key stocks with significant capital flow included: - Xinyi Sheng (48.8 million CNY net inflow from institutional investors) - Zhongtian Technology (43.3 million CNY net inflow from institutional investors) [3]

Market Overview - On September 22, the communication equipment sector rose by 0.2% compared to the previous trading day, with Guangku Technology 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] Top Gainers in Communication Equipment Sector - Guangku Technology (300620) closed at 138.21, up 10.27% with a trading volume of 374,600 shares [1] - Yongding Co., Ltd. (600105) closed at 11.00, up 10.00% with a trading volume of 1,934,300 shares [1] - Dingxin Communication (603421) closed at 8.17, up 9.96% with a trading volume of 508,600 shares [1] - Other notable gainers include Guangxun Technology (002281) up 6.88% and Feiling Kesi (301191) up 4.94% [1] Top Losers in Communication Equipment Sector - Sega Technology (002796) closed at 19.59, down 7.68% with a trading volume of 480,600 shares [2] - Kunheng Shunwei (688283) closed at 31.15, down 5.12% with a trading volume of 32,900 shares [2] - Changying Tong (688143) closed at 48.09, down 4.89% with a trading volume of 73,700 shares [2] Capital Flow Analysis - The communication equipment sector experienced a net outflow of 1.746 billion yuan from institutional investors, while retail investors saw a net inflow of 1.607 billion yuan [2] - Notable net inflows from retail investors were observed in stocks like Guangku Technology and Guangxun Technology, while significant outflows were noted in stocks like ZTE Corporation [3] Individual Stock Capital Flow - ZTE Corporation (000063) had a net inflow of 560 million yuan from institutional investors, but a net outflow of 378 million yuan from retail investors [3] - Yongding Co., Ltd. (600105) saw a net inflow of 531 million yuan from institutional investors, with a net outflow from retail investors [3] - Guangxun Technology (002281) had a net inflow of 502 million yuan from institutional investors, while retail investors experienced a net outflow [3]

Core Viewpoint - Wanma Technology (300698) is focused on providing network connectivity and data closed-loop solutions for the smart industry, including smart vehicles, but does not currently offer products directly applicable to unmanned aerial vehicles [1] Group 1: Company Products and Services - The company is committed to offering cloud solutions/services necessary for autonomous driving research and development to manufacturers [1] - Current products do not include communication devices or software specifically for unmanned aerial vehicles [1] - The company's capabilities in 5G high-quality connectivity solutions, eSIM, and edge computing can be applied to the low-altitude economy sector [1]

Core Viewpoint - Wanma Technology (300698.SZ) is focused on providing network connectivity and data closed-loop solutions for the smart industry, including smart vehicles, and offers cloud solutions/services necessary for autonomous driving research and development [1] Group 1 - The company does not currently offer communication devices or related software products directly applicable to unmanned aerial vehicles [1] - The company's capabilities in 5G high-quality connectivity solutions, eSIM, and edge computing can be applied to the low-altitude economy sector [1]