证券代码：002130 证券简称：沃尔核材 深圳市沃尔核材股份有限公司 投资者关系活动记录表 编号：2025-008 投资者关系活 动类别 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称 及人员姓名 美阳投资 胡智敏；第一创业 李泽梓；六秒星 许重九、尹骅； 元航资本 廖伟棠；量子智能 黄泽斌；纽富斯投资 戚锦锭； 杭州富贤 杜群飞；东恺投资 李威；信达证券 胡琎心 时间 2025 年 12 月 11 日 地点 深圳市坪山区兰景北路沃尔工业园综合楼会议室 上市公司接待 人员姓名 董事会秘书 邱微女士，证券事务代表 李文雅女士 投资者关系活 动主要内容介 绍 一、参观公司展厅 二、双方沟通交流 1、目前针对未来高速通信线缆下游终端客户的技术方案 有多种讨论，公司未来将如何应对技术迭代与竞争冲击以保障 该核心业务增长？ 答：在 AI 技术高速迭代的浪潮下，产业链内多种技术路线 加速探索、动态演进，未来可能多种方案共存。公司控股子公司 乐庭智联在通信线缆领域深耕数十年，拥有丰富的产品开发经验 和制程控制经验，掌握了全部重点产品的核心技术，目前高速通 ...

Core Insights - The news highlights the significant advancements and competitive advantages of various companies in the nuclear fusion materials and technology sector, emphasizing their roles in the ITER project and domestic fusion initiatives. Company Summaries - **West Superconducting (688122)**: As a leading player in low-temperature superconducting materials, the company is the sole domestic supplier for ITER's low-temperature superconducting wire, with its products being critical for fusion device superconducting magnets. The company has achieved international standards in key performance metrics and has established a comprehensive production chain, positioning itself to benefit from the growing demand for superconducting materials as fusion projects accelerate [1][23]. - **Lianchuang Optoelectronics (600363)**: The company focuses on high-temperature superconducting technology, being the only domestic entity capable of designing and manufacturing large-diameter high-temperature superconducting magnets. It has successfully applied its technology in the "Spark One" project and aims to capture high-end market share as high-temperature superconducting technology expands in the fusion sector [2][24]. - **Antai Technology (000969)**: A leader in core materials for nuclear fusion components, the company supplies critical materials for ITER's first wall and blanket modules. Its advanced tungsten-copper composite components meet international standards, and it has a strong foothold in the supply chain for fusion experiments, poised to benefit from increased orders as fusion projects ramp up [3][25]. - **Guoguang Electric (688776)**: The company is a key supplier for plasma control and core components in fusion devices, holding a 60% market share for ITER's divertor. It has secured significant contracts, including an 18 billion yuan package for the CFETR project, indicating strong demand for its products as global fusion construction progresses [4][27]. - **Yongding Co., Ltd. (600105)**: The company specializes in high-temperature superconducting tape, with a projected 80% revenue growth in its superconducting business for 2024. It is involved in the development of superconducting magnets for fusion reactors, leveraging its parent company's resources to create a comprehensive industrial layout [5][28]. - **Xiamen Tungsten (600549)**: The company holds a monopoly in tungsten-based materials for nuclear fusion, being the only supplier with full-process certification for ITER's tungsten-copper divertor components. It is expanding its production capacity to meet growing demand as fusion engineering progresses [6][29]. - **Baosheng Co., Ltd. (600973)**: A leader in special cables for nuclear fusion, the company has secured all cable orders for the "Chinese Circulator No. 3" project, amounting to 5.2 billion yuan. Its products meet international standards, and it is positioned to benefit from the increasing demand for specialized cables in fusion projects [7][30]. - **Guangda Special Materials (688186)**: The company has developed materials for superconducting coil armor, achieving batch production and securing significant orders. Its products are critical for fusion devices, and it is well-positioned to benefit from the growing demand as fusion projects expand [8][31]. - **Hongxun Technology (603015)**: Through its subsidiary in Italy, the company supplies high-precision power systems for ITER, which are essential for plasma control. As domestic fusion projects accelerate, the demand for its power systems is expected to grow significantly [9][32]. - **Wangzi New Materials (002735)**: The company focuses on special capacitors for fusion pulse power systems, being the only domestic supplier certified by ITER. Its products are crucial for plasma heating and confinement, and it is expected to see increased demand as fusion projects move towards commercialization [10][33]. - **Jiusheng Electric (301082)**: A niche leader in special cables for nuclear fusion, the company has a market share exceeding 40% in nuclear power special cables. Its products are already in use in ITER, and it is well-positioned to benefit from the growing demand for specialized cables in fusion applications [11][34]. - **Hedong Intelligent (603011)**: The company is a key player in manufacturing core structural components for fusion, focusing on vacuum chambers. It has secured significant contracts and is expected to benefit from the increasing demand for large structural components as fusion projects advance [12][35]. - **Zhongzhou Special Materials (300963)**: The company specializes in high-temperature and corrosion-resistant materials for fusion applications, supplying critical components for major fusion projects. Its products are expected to see increased demand as fusion engineering progresses [13][37]. - **China Nuclear Construction (601611)**: As a core member of the "national team," the company plays a leading role in the construction of fusion projects, leveraging its extensive experience in nuclear engineering to meet complex project demands [14][38]. - **China Nuclear Power (601985)**: The company is positioned as a long-term beneficiary of the nuclear fusion industry, actively participating in major fusion projects and leveraging its expertise in nuclear power operations to support the commercialization of fusion energy [15][39]. - **Hancable Co., Ltd. (002498)**: The company is a significant player in special and superconducting cables for fusion, with a focus on meeting the extreme conditions of fusion environments. It is expected to capture a substantial market share as demand for specialized cables grows [16][40]. - **Wol Nuclear Materials (002130)**: The company focuses on insulation materials and special components for fusion, leveraging its expertise in nuclear-grade materials to meet the stringent requirements of fusion applications [17][41]. - **Dongfang Tantalum (000962)**: The company is a hidden champion in core materials for nuclear fusion, holding a dominant market position in beryllium materials and superconducting niobium. It is expected to benefit significantly from the upcoming surge in fusion project orders [18][43]. - **Nuiwei Co., Ltd. (603699)**: The company is a core player in the nuclear fusion valve market, holding over 80% market share. It has secured significant contracts for ITER and is expanding its international presence, positioning itself for substantial growth as global fusion projects accelerate [19][20]. - **Hailu Heavy Industry (002255)**: The company is a leading supplier of core structural components and vacuum systems for fusion, with significant contracts in place for ITER and domestic projects. It is well-positioned to benefit from the growing demand for these critical components as fusion engineering progresses [21][42].

人民财讯12月11日电，企查查APP显示，近日，苏州达润新材料有限公司成立，法定代表人为赵广经， 注册资本为8000万元，经营范围包含：新材料技术研发；电子元器件制造；塑料制品制造；耐火材料生 产；密封件制造等。企查查股权穿透显示，该公司由沃尔核材（002130）旗下上海科特新材料股份有限 公司全资持股。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问公司当前出货的224G单通道通信线主要是发泡技 术还是公司专利的共挤技术？当前公司共挤技术生产的高速线是否向下游生产厂商送样测试？ （记者 胡玲） 沃尔核材（002130.SZ）12月10日在投资者互动平台表示，公司已实现量产的单通道224G高速通信线的 核心技术方案包括物理发泡技术和实心材料技术。共挤技术采用双导体结构，工艺实现难度较高，目前 公司已在实心材料技术方案中广泛使用，运用此技术方案生产的单通道224G高速通信线已大批量出 货。 ...

12月9日，中国证监会对9家境内企业发行上市备案通知书，均为赴港上市备案。 1.卧安机器人（深圳）股份有限公司 你公司境外发行上市及境内未上市股份"全流通"的备案材料收悉。根据《中华人民共和国证券法》《境 内企业境外发行证券和上市管理试行办法》《H股公司境内未上市股份申请"全流通"业务指引》等规 定，我会对备案事项通知如下： 一、你公司拟发行不超过25,555,600股境外上市普通股并在香港联合交易所上市。 二、你公司19名股东拟将所持合计200,000,000股境内未上市股份转为境外上市股份，并在香港联合交易 所上市流通。股东名称及转换数量附后。 三、自本备案通知书出具之日起至本次境外发行上市结束前，你公司如发生重大事项，应根据境内企业 境外发行上市有关规定，通过中国证监会备案管理信息系统报告。 四、你公司完成境外发行上市后15个工作日内，应通过中国证监会备案管理信息系统报告发行上市情 况。你公司在境外发行上市和股份转换过程中应严格遵守境内外有关法律、法规和规则。 五、你公司自本备案通知书出具之日起12个月内未完成境外发行上市及股份转换，拟继续推进的，应当 更新备案材料。 2.深圳创智芯联科技股份有限公司 ...

Group 1: Company Announcements - Haiguang Information and Zhongke Shuguang have agreed to terminate the proposed share-swap merger transaction, with an investor briefing scheduled for December 10 [4][5] - Lain Bio is planning a change of control, issuing shares, and cash payment for asset acquisition, leading to a stock suspension starting December 10 [5][6] - SIRUI has decided to terminate the major asset restructuring plan involving the acquisition of shares in Ningbo Aola Semiconductor, with stock resuming trading on December 10 [5][6] Group 2: Financial Data and Corporate Actions - Haiguang Information plans to distribute a cash dividend of 0.9 yuan per 10 shares, totaling 2.09 billion yuan, while Zhongke Shuguang will distribute 0.7 yuan per 10 shares, totaling 1.02 billion yuan [5] - Lain Bio's control change may lead to a new major shareholder, with plans to acquire at least 80% of Beijing Jinkangpu Food Technology Co., which will become a subsidiary [5][6] - Hao Wei Group's major shareholder has decided to terminate a planned share reduction of up to 24 million shares, representing 1.99% of total shares [7] Group 3: Industry Developments - A new platform for polysilicon capacity integration has been established, focusing on strategic cooperation opportunities within the industry [1] - Guizhou Province is drafting measures to boost the sales of local liquor, including enhancing online sales and implementing export strategies [2] - The first MUSA Developer Conference will be held by Moore Threads, focusing on their full-stack development strategy and new GPU architecture [2] Group 4: Regulatory and Compliance Issues - Jiaao Environmental Protection received a notice of administrative penalty for information disclosure violations, leading to a temporary stock suspension and risk warning [8] - Huilun Crystal will also face a temporary stock suspension and risk warning due to compliance issues [8] - Tianyuan Dike's chairman is under investigation, but the company states it will not significantly impact operations [8] Group 5: Market Trends and Investment Opportunities - CITIC Securities suggests focusing on domestic demand stability and external demand breakthroughs in the power equipment sector for investment opportunities in 2026 [11]

证券日报网讯12月9日，沃尔核材（002130）在互动平台回答投资者提问时表示，公司已在《2025年第 三季度报告》中详细披露了相关财务指标并说明了变动原因。公司第三季度营收较第二季度略有下降， 主要是消费电子线等传统产品营收有所下降。利润下降的主要原因是：公司为拓展业务，提升公司竞争 力，三季度销售费用、研发费用、财务费用均较二季度略有增长。 ...

格隆汇12月9日丨沃尔核材(002130.SZ)公布，公司正在进行申请发行境外上市外资股（H股）并在香港 联合交易所有限公司（简称"香港联合交易所"）主板上市的相关工作，公司于2025年12月9日收到中国 证券监督管理委员会（简称"中国证监会"）出具的《关于深圳市沃尔核材股份有限公司境外发行上市备 案通知书》。 ...

沃尔核材公告称，公司正在推进境外发行上市工作，于2025年12月9日收到中国证监会备案通知书。公 司拟发行不超过160,987,000股境外上市普通股并在香港联交所上市。自备案通知书出具日至发行结束 前，若有重大事项需通过系统报告；完成发行上市后15个工作日内也需报告情况。公司自通知出具日起 12个月内未完成发行，拟继续推进的需更新备案材料。本次境外发行上市尚需获相关机构批准，存在不 确定性。 ...

证券代码：002130 证券简称：沃尔核材 公告编号：2025-080 中国证监会备案的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市沃尔核材股份有限公司（以下简称"公司"）正在进行申请发行境外上 市外资股（H 股）并在香港联合交易所有限公司（以下简称"香港联合交易所"） 主板上市的相关工作（以下简称"本次境外发行上市"），公司于 2025 年 12 月 9 日收到中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于深圳市 沃尔核材股份有限公司境外发行上市备案通知书》（国合函〔2025〕2203 号）（以 下简称"备案通知书"）。备案通知书主要内容如下： 一、公司拟发行不超过 160,987,000 股境外上市普通股并在香港联合交易所上 市。 二、自备案通知书出具之日起至本次境外发行上市结束前，公司如发生重大事 项，应根据境内企业境外发行上市有关规定，通过中国证监会备案管理信息系统报 告。 三、公司完成境外发行上市后 15 个工作日内，应通过中国证监会备案管理信息 系统报告发行上市情况。公司在境外发行上市过程中应严格遵守境内外有关法律、 ...