Core Viewpoint - The company is actively expanding its production capacity and product offerings in response to growing demand in data centers, automotive applications, and high-speed products, while maintaining a focus on high-value products and strategic market expansion. Group 1: Revenue Structure and Product Development - By Q3 2025, approximately 50% of the company's revenue will come from 6A and above data cables and wiring products, specialized cables, and connection products that support 10G data transmission [1] - The company is focusing on high-value products with higher transmission rates and diverse application scenarios, including optical-copper wiring products for data centers and automotive data cables [1] Group 2: Production Capacity and Market Expansion - The company is benefiting from rapid growth in downstream applications such as global data centers and artificial intelligence, with plans for steady capacity expansion based on customer demand [1] - Domestic production facilities are well-prepared, with ongoing equipment procurement and rapid capacity enhancement, while the Thai production base is under construction and expected to be operational in the second half of next year [1] Group 3: High-Speed Products and Market Demand - The current market demand for high-speed products is strong, with orders in Q3 and Q4 showing significant growth, and optimistic cooperation expectations from major clients [2] - The company has developed comprehensive technical reserves and industrial capabilities to meet the performance requirements of various high-speed cable products [2] Group 4: Automotive Project Progress - The company has established a joint venture with an Austrian automotive wiring manufacturer and is the exclusive partner for automotive data cables in the Asia-Pacific region, with small-scale validation and introduction of related products underway [3] - The automotive cables are expected to enter mass production starting in 2026, following client factory audits next year [3] Group 5: Copper Price Management - The company monitors copper price fluctuations closely and employs a daily pricing strategy for data cables, while considering technical value and raw material price changes for pricing high-speed and industrial products [3] - Overall, the impact of rising copper prices on the company's profitability is expected to be minimal due to effective procurement and cost control measures [3] Group 6: Future Product Development - The company is actively working on the development of single-channel 224G high-speed cable products in collaboration with AI data center clients, with plans for market launch and mass supply based on validation progress and customer feedback [3]
兆龙互连：汽车线缆有望在2026年起量