沃尔核材：公司持续关注下游技术路线及相关产品架构的演进情况

Core Viewpoint - The company is actively monitoring the evolution of downstream technology routes and product architectures while maintaining close communication with core customers, indicating a proactive approach to market changes [2] Industry Insights - Current adjustments in technology solutions are primarily focused on specific application scenarios and localized structures, with copper cable solutions remaining the mainstream for medium to short-distance transmission, suggesting limited impact on overall demand for high-speed communication lines [2] - The demand for high-speed copper cables is rapidly increasing, driven by the growth of AI, indicating a robust market opportunity [2] - The company has developed a next-generation single-channel 448G high-speed cable, which is positioned to meet the future demands of higher-grade terminal products, showcasing innovation in product development [2] - The company's high-speed communication line products are characterized by low cost, high reliability, scalability for mass production, and a well-established supply chain, providing a solid demand foundation and long-term growth potential [2]