盛洋科技：高速铜缆业务主要面向车载高速传输、数据中心等有线场景

Core Viewpoint - The company, Shengyang Technology, is focusing on two main business segments: high-speed copper cables and satellite communication terminals, which cater to different customer bases and applications [1]. Group 1: High-Speed Copper Cables - The high-speed copper cable business primarily targets wired scenarios such as automotive high-speed transmission and data centers, with customers mainly consisting of harness manufacturers and Tier 1 suppliers [1]. - It is expected that high-speed copper cables will remain the main revenue driver for the company until 2026 [1]. Group 2: Satellite Communication Terminals - The satellite communication terminal segment focuses on areas like satellite internet, Beidou vehicle-mounted systems, and emergency communications, with customers primarily being satellite operators and terminal purchasers [1]. - As overseas projects for satellite communication terminals progress and domestic pilot projects gradually scale up, the revenue share from this segment is anticipated to steadily increase [1]. Group 3: Synergies and Capabilities - There are differences in end customer groups and product forms between the two business segments, which do not directly share customer resources or technology platforms [1]. - However, the company's accumulated capabilities in RF design, high-speed signal integrity, terminal manufacturing, and supply chain management can be partially reused and support synergies between the two business areas [1].