Company Performance - The stock price of Kabeiyi reached a historical high, increasing by 3.10% to 59.80 yuan, with a trading volume of 2.4825 million shares and a transaction amount of 146 million yuan, resulting in a turnover rate of 1.37% [2] - The latest total market capitalization of Kabeiyi in the A-share market is 11.253 billion yuan, with a circulating market value of 10.816 billion yuan [2] - The company reported a revenue of 2.854 billion yuan for the first three quarters, representing a year-on-year growth of 11.11%, and a net profit of 138 million yuan, which is a 5.01% increase year-on-year [2] Industry Overview - The overall automotive industry has seen a rise of 0.42%, with 191 stocks increasing in price, including five stocks that hit the daily limit [2] - Among the stocks that declined, 107 experienced a drop, with the largest declines being C Zhixin, Kema Materials, and Shanzi Gaoke, with decreases of 6.18%, 6.07%, and 5.17% respectively [2] Margin Trading Data - As of January 20, the latest margin trading balance for Kabeiyi is 479 million yuan, with a financing balance of 479 million yuan, reflecting an increase of 20.1494 million yuan over the past 10 days, which is a 4.39% increase [2]

Core Viewpoint - The company, 卡倍亿, specializes in the production of various types of cables, including data cables, new energy cables, and general cables, which meet the demands of high-voltage platforms such as 800 volts and 1000 volts [2] Group 1: Company Products - The company primarily manufactures data cables, new energy cables, and general cables [2] - The products are designed to meet the requirements of high-voltage platforms, specifically 800 volts and 1000 volts [2] Group 2: Clientele - In recent years, the company has supplied its products to major domestic new energy vehicle brands, including 比亚迪 (BYD), 小米 (Xiaomi), 吉利 (Geely), 理想 (Li Auto), 蔚来 (NIO), 问界 (Wenjie), and 享界 (Xiaojie) [2]

Core Viewpoint - The company has made significant progress in its high-speed copper cable business, with successful development and testing of various transmission rate samples [2] Group 1: Business Development - The company has completed the development of high-speed copper cable samples for transmission rates of 56G, 112G, and 224G, all of which have passed internal performance tests and some customer performance tests [2] - The 224G product has achieved small-scale production [2] Group 2: Compliance and Disclosure - The company will strictly adhere to relevant laws and regulations regarding information disclosure [2]

Group 1 - The core viewpoint of the article is that the company's operations in Mexico are performing well, with a focus on local production of automotive cable products for globally recognized automotive wiring harness manufacturers [1] - The company’s Mexican production base is not affected by U.S. tariffs, indicating a stable operational environment [1] - There is a growing demand for localized procurement from North American clients to mitigate supply chain risks, contributing to the successful development of the Mexican subsidiary's business [1]

Core Viewpoint - The company, 卡倍亿, is expanding its product offerings and entering the robotics cable industry by establishing a new department in March 2025 [1] Group 1: Product Offerings - The main products of the company include data cables, new energy cables, and ordinary cables [1] - These products are primarily used in the automotive industry, energy storage power station industry, and data center industry [1] Group 2: Future Plans - The company plans to officially establish a robotics division in March 2025 [1] - The new division will leverage existing advantages to enter the robotics cable market [1]

Group 1 - The company, 卡倍亿 (300863), has core management personnel with many years of industry experience, which contributes to a deep understanding of product development, production, and sales across various fields [1] - The company acknowledges areas that require improvement and enhancement, indicating a commitment to continuous development [1] - The company is actively cultivating internal talent while also bringing in external professionals to strengthen its capabilities [1]

Core Viewpoint - The company is experiencing strong customer demand and is confident in its future business development, with ongoing expansion in its main business areas [2] Group 1: Business Operations - The company reports that all production and operations are normal [2] - The "Hubei Kabeiyi Production Base Project" has officially reached the production capacity stage [2] - The "Ninghai Automotive Cable Expansion Project" has completed construction and is now in the capacity ramp-up phase [2] Group 2: International Expansion - The company has invested in building a production base in Mexico to enhance its international strategic layout [2] - The Mexican factory has also entered the capacity ramp-up phase [2] - These domestic and international strategic layouts are expected to further enhance the market competitiveness of the company's products [2]

Group 1 - The company, Kabeiyi, has entered the supply chains of major electric vehicle manufacturers including BYD, Tesla, Geely, NIO, Li Auto, Xpeng, and Xiaomi in the new energy vehicle sector [2]

Core Viewpoint - The company is progressing well in its operations, particularly with its production base in Mexico entering a ramp-up phase and securing significant contracts with major automotive clients [2]. Group 1: Production and Operations - The company's Mexican production base has entered the capacity ramp-up stage and is advancing according to plan, with good operational conditions [2]. - The company announced on March 28, 2025, that its Mexican subsidiary received a procurement designation notification from a well-known international automotive wiring harness company [2]. Group 2: Contracts and Sales - The Mexican subsidiary will supply automotive cable products to the client's factory in Mexico, with a supply period from 2025 to 2027, totaling approximately 1.64 million kilometers of products [2]. - The expected total sales from this contract are approximately 1 billion RMB [2]. - The Mexican subsidiary is also in discussions with traditional major clients such as Aptiv and Yazaki, with positive progress in related business [2].

Core Viewpoint - The company has officially signed a strategic cooperation agreement with Shanghai Matrix Superintelligent System Integration Co., Ltd. to enhance the development of humanoid robots through technology innovation and supply chain collaboration [1] Group 1: Strategic Cooperation - The partnership aims to establish a long-term and stable strategic relationship between the two companies [1] - The goal is for the company to become an important supplier of robot cables and other related fields for Matrix Superintelligent [1] - Both companies will work together on technology collaboration, joint development, and supply chain optimization to enhance product competitiveness [1] Group 2: Investment and Stakeholding - The company has also acquired a stake in Matrix Superintelligent, with further details available in the National Enterprise Credit Information Publicity System [1]