SINOLINK SECURITIES(SH:600109) Xin Lang Zheng Quan·2025-09-09 15:02Core Viewpoint - Hunan Hualing Cable Co., Ltd. is actively engaging with institutional investors and has outlined its strategic focus on various high-tech cable applications, including nuclear power, industrial robotics, and humanoid robotics, while also emphasizing its ongoing development strategy through mergers and acquisitions [1][2][3]. Group 1: Business Development - The company is currently involved in significant projects such as the design phase of the Yajiang Hydropower Station and has secured a contract worth 13.5 million yuan for supplying radiation-resistant and high-temperature cables for the China Institute of Atomic Energy [2]. - In the industrial robotics sector, Hualing Cable is focusing on multiple applications, including cables for mining robots, ROVs, agricultural robots, and aerospace equipment, with a strategic partnership established with Zoomlion for agricultural robot cables [2]. Group 2: Humanoid Robotics - Progress in the humanoid robotics cable business is on track, with successful sample deliveries and product iterations completed with several companies, including Shenzhen Xingzhixing and Shanghai Turing [3]. - The technical challenges for humanoid robot cables include high flexibility and lightweight requirements, multi-signal transmission capabilities, and resistance to oil and aging, which are critical for meeting the demands of confined spaces [3]. Group 3: Strategic Direction - The company’s development strategy includes a focus on mergers and acquisitions, targeting special conductor and polymer material companies to enhance product advantages, while also looking to upgrade products through partnerships with connector and component manufacturers [3]. - Hualing Cable aims to increase its market share in high-value-added areas by collaborating with differentiated and technologically advanced cable companies [3].