Xin Lang Cai Jing·2025-09-11 14:55Core Viewpoint - The company has experienced significant growth in its high-speed communication cable business, driven by increasing demand from global data centers and artificial intelligence applications, leading to a substantial rise in overall revenue [2][3]. Group 1: Business Performance - The high-speed communication cable business achieved revenue of 466 million, marking a year-on-year increase of 397.80%, contributing to an overall revenue growth of 62.46% for the company [2]. - The company is steadily expanding its production capacity, with five imported foam core cable extrusion machines already in operation and plans to have over twenty by the end of the year, along with an additional ten expected by April next year [2]. Group 2: Product Development - The 224G single-channel high-speed communication cable has seen rapid growth in foreign high-end markets, showcasing advantages such as high frequency performance, reliability, and cost-effectiveness, indicating a large future market demand [3]. - The company is actively developing samples for the next-generation 448G high-speed communication cable, aligning with industry trends [3]. Group 3: Cost Management - The impact of copper price fluctuations on the company is minimal, as copper constitutes a small portion of the raw materials for high-speed communication cables, and the company employs strategic and bulk purchasing to control costs [4]. - The company adheres to a "sales-driven production, appropriate inventory" principle, utilizing information technology to manage inventory levels effectively [4]. Group 4: Business Diversification - In addition to the high-speed communication cable business, the company is also involved in industrial robot cables and embodied intelligent robot cables, with some products already in application or testing phases [5]. - The company maintains a stable development trend in its core business segments, including electronic materials and power products, with the new energy business, particularly DC charging guns, expected to lead the domestic industry in revenue by 2024 [5]. Group 5: Competitive Advantages and Future Plans - The company possesses multiple core competitive advantages, including technology, manufacturing, marketing, branding, and business synergy, laying a solid foundation for long-term development [5]. - The company is planning a listing on the Hong Kong stock market and has submitted application materials, receiving feedback and progressing in related work [5].