证券代码：002130 证券简称：沃尔核材 公告编号：2025－051 深圳市沃尔核材股份有限公司 关于向香港联交所递交境外上市股份（H 股） 发行上市的申请并刊发申请资料的公告 中文： https://www1.hkexnews.hk/app/sehk/2025/107449/documents/sehk25061 英文： https://www1.hkexnews.hk/app/sehk/2025/107449/documents/sehk25061 需要特别予以说明的是，本公告仅为境内投资者及时了解本次发行并上市的 相关信息而作出。本公告以及刊登于香港联交所网站的申请资料均不构成也不得 视作对任何个人或实体收购、购买或认购公司本次发行的境外上市外资股（H 股） 的要约或要约邀请。 公司本次发行并上市尚需满足多项条件（包括但不限于取得中国证监会的备 案、香港证监会、香港联交所及其他有关监管机构的批准），并需综合考虑市场 情况以及其他因素方可实施，尚存在不确定性。公司将依据法律法规相关规定， 根据本次事项的后续进展情况及时履行信息披露义务，敬请广大投资者理性投资， 注意投资风险。 特此公告。 深圳市沃尔核材 ...

Core Viewpoint - Shenzhen Woer Power Cable Co., Ltd. has submitted an application for H-share listing on the Hong Kong Stock Exchange, marking the beginning of its journey to become an "A+H" listed company [1] Company Overview - Established in 1998, Woer Power Cable is headquartered in Shenzhen, Guangdong, and is a leading provider of integrated solutions for high-speed data communication and alternative energy power transmission [3] - The company is a market leader in manufacturing and selling high-speed copper cables and has established a strong market position in providing one-stop solutions for electronic materials, cables, and components, with well-known brands such as WOER and LTK [3] Product Leadership - High-speed copper cables: Woer Power Cable is the second largest globally and the largest in China in high-speed copper cable manufacturing, with a global market share of 24.9% as of 2024 [5] - Heat shrink materials: The company ranks first in the global heat shrink materials industry by revenue, holding a market share of 20.6%, and a higher market share of 58.5% in China [5] - New energy vehicle power transmission: Woer Power Cable is the largest manufacturer of DC charging guns for new energy vehicles in China, with a market share of 41.7% as of 2024 [6] - Power transmission for power grids and power stations: The company ranks first among cable accessory manufacturers in China, with a market share of 10.6% as of 2024 [6] Financial Performance - The company's revenue for 2022, 2023, and 2024 was RMB 5.337 billion, RMB 5.719 billion, and RMB 6.920 billion, respectively, with corresponding net profits of RMB 660 million, RMB 758 million, and RMB 921 million, indicating a consistent growth in profitability [6]

Core Viewpoint - Huizhou aims to accelerate the innovation and development of the artificial intelligence and robotics industry through a comprehensive action plan, targeting significant growth in various sectors by 2027 [2] Group 1: Industry Development Goals - By 2027, the output value of intelligent terminal products is expected to reach approximately 400 billion yuan, with core components of artificial intelligence achieving around 45 billion yuan and breakthroughs in high-end electronic new materials reaching about 15 billion yuan [2] - The plan includes the establishment of over 200 typical application scenarios for artificial intelligence and robotics, and the formation of more than three industrial clusters in the region [2] Group 2: Talent and Funding Support - The establishment of an artificial intelligence and robotics industry guidance fund is proposed to attract social capital to key areas of the industry chain, focusing on early, small, long-term, and hard technology investments [3] Group 3: Action Plans - The action plan includes ten major initiatives, such as enhancing the supply of AI smartphones and wearable devices, with a goal of gathering no less than 300 enterprises in the AI terminal industry chain by 2027 [5][6] - Support for leading companies in developing high-energy density batteries and other products to upgrade intelligent equipment manufacturing, aiming to gather over 100 intelligent equipment enterprises by 2027 [7][8] - The cultivation of high-end electronic new materials, including copper-clad laminates and aluminum foils, with support for companies to enhance their competitiveness in these sectors [9] Group 4: Core Component Development - The plan emphasizes the construction of an artificial intelligence component industry cluster, focusing on industries such as intelligent terminals and new energy storage, with support for various enterprises to expand their production capabilities [10] Group 5: AI Computing and Support Infrastructure - The establishment of a green computing center in the Greater Bay Area is planned, focusing on AI computing power to support applications and training in the region [11] Group 6: Innovation and Application - The goal is to cultivate over 500 high-tech enterprises in the AI sector by 2027, promoting the application of AI technologies across various industries [12][13] - The plan aims to create over 20 benchmark enterprises in digital applications, driving deep applications of AI in sectors like government services and manufacturing [13] Group 7: Data and Ecosystem Development - The initiative includes the creation of a national pilot for industry data space, focusing on high-value data sets in manufacturing and intelligent connected vehicles, with a target of nurturing over 50 data-driven enterprises by 2027 [15]

内容概况：工业控制线材作为工控品的重要连接线，可称之为工控品的"血管"，为其保障源源不断工作 动力的同时也承载着传输控制指令以及反馈信号的重要作用。近年来，国家高度重视推进新型工业化和 智能制造，围绕智能工厂、智能装备、工业互联网等方向密集出台政策支持。根据《"十四五"智能制造 发展规划》，到2025年，规模以上制造业企业将基本实现数字化、网络化转型，重点行业骨干企业将初 步应用智能化技术。2024年12月，工信部等多部门联合推动的"人工智能+制造业"行动计划进一步提 出，聚焦通用大模型与行业大模型的研发布局，积极推动人工智能与制造业深度融合应用。随着工业智 能化水平的持续提升，工业控制设备、工业机器人及智能生产线对高性能信号传输、数据处理效率和稳 定性的要求不断提高，带动工业控制线材需求规模同步扩展。据统计，2024年中国工业控制线材行业市 场规模约为365.7亿元。在工业自动化、智能制造等领域的强劲需求带动下，未来工业控制线材行业规 模有望保持稳健增长态势，为制造业转型升级提供坚实支撑。 相关上市企业：日丰股份（002953）、新亚电子（605277）、沃尔核材（002130）、铜陵有色 （000630） ...

Market Overview - Federal Reserve Chairman Jerome Powell anticipates significant inflationary pressures, overshadowing optimistic sentiments from Trump's comments on Iran negotiations, leading to a slight decline in major U.S. stock indices [1] - The S&P 500 index closed down 0.03%, the Dow Jones down 0.10%, while the Nasdaq rose 0.13% [1] - Technology stocks led the gains in the U.S. market, with banks benefiting from proposed easing of capital regulations on U.S. Treasury transactions [1] - Circle, the first stablecoin company, surged over 34% following the U.S. Senate's passage of a stablecoin regulatory framework [1] Commodity and Financial Markets - Gold prices fell over 1% from intraday highs, while platinum reached an eleven-year high [3] - Oil prices experienced volatility, declining after Trump expressed a desire to avoid U.S. involvement in Middle Eastern conflicts [3] AI and Technology Developments - OpenAI has initiated a price war by discounting its ChatGPT enterprise version, putting Microsoft in a reactive position [4] - Sam Altman, in a recent interview, discussed the potential of AI to discover new sciences and the future prevalence of AI companions and humanoid robots [5] Regulatory and Policy Updates - The Central Financial Committee of China issued opinions to support the development of Shanghai as an international financial center, emphasizing the use of blockchain in supply chain finance [8] - The China Securities Regulatory Commission released guidelines to enhance the inclusivity of the Sci-Tech Innovation Board [8] Industry Insights - Goldman Sachs predicts a boom in China's AI/AR glasses market, projecting sales to reach 7 million units by 2030 [7] - The Ministry of Industry and Information Technology of China aims for over 70% digitalization in key business processes of large textile enterprises by 2027 [9] Stock Market Highlights - Circle's market capitalization reached approximately $44.4 billion (around 320 billion RMB) after a significant price increase [15] - The price of platinum has risen over 60 CNY per gram in the past month, with a nearly 30% increase [16][17] - DRAM prices saw a significant increase, with DDR4 experiencing a 53% rise in May, the largest increase since 2017 [18][19]

Financial Policy and Market Developments - The People's Bank of China announced eight significant financial opening measures at the 2025 Lujiazui Forum, including the establishment of an interbank market trading report library and a digital RMB international operation center [3] - The China Securities Regulatory Commission (CSRC) introduced a "1+6" policy to deepen the reform of the Sci-Tech Innovation Board, aiming to enhance market attractiveness and competitiveness [3][4] - The State Administration of Foreign Exchange (SAFE) will implement a package of foreign exchange innovation policies in the free trade pilot zone, including optimizing international trade settlement [3][4] Regulatory and Institutional Support - The Financial Regulatory Bureau and Shanghai Municipal Government jointly released an action plan to support the construction of Shanghai as an international financial center, promoting innovation in technology finance and cross-border finance [3][4] - The CSRC announced that starting from October 9, 2025, qualified foreign investors will be allowed to participate in on-market ETF options trading, aimed at expanding investment opportunities for foreign institutions [3][4] Market Expansion and Investment Opportunities - The Shanghai Futures Exchange will expand the range of commodities available for qualified foreign institutional investors, including natural rubber and lead futures contracts [4] - The Shanghai Stock Exchange is drafting guidelines to support the listing of unprofitable technology companies, enhancing the inclusivity and adaptability of the capital market [3][4] International Financial Cooperation - The Shanghai-Hong Kong International Financial Center Collaborative Development Action Plan was signed, supporting the optimization of free trade account functions and encouraging the use of RMB for cross-border transactions [4] - The Central Financial Committee issued opinions to accelerate the construction of Shanghai as an international financial center, promoting high-quality development of multi-level equity markets [4]

Group 1 - The 2025 Lujiazui Forum in Shanghai saw the central bank and financial regulatory authorities announce multiple financial measures to support high-level opening-up, including the establishment of a digital RMB international operation center and innovative monetary policy tools [2][5] - The People's Bank of China will implement eight policy measures to support the construction of Shanghai as an international financial center, while the financial regulatory authority will facilitate foreign institutions' participation in more financial business pilots [2][5] - The China Securities Regulatory Commission (CSRC) announced the re-launch of the fifth listing standard for unprofitable companies on the Sci-Tech Innovation Board, supporting sectors like artificial intelligence and commercial aerospace [8][9] Group 2 - The U.S. Federal Reserve maintained the benchmark interest rate at 4.25%-4.50%, marking the fourth consecutive meeting without a change, while adjusting the GDP forecast for 2025 down to 1.4% and raising inflation expectations to 3% [2][3][18] - The Fed's dot plot indicates two expected rate cuts in 2025 totaling 50 basis points, consistent with previous forecasts, but only a 25 basis point cut is expected in 2026 [2][3][18] - The Fed's economic projections show an increase in core PCE inflation expectations for 2025, 2026, and 2027, with median values adjusted to 3.1%, 2.4%, and 2.1% respectively [18][19] Group 3 - The Shanghai Stock Exchange and Hong Kong Stock Exchange signed a collaborative development action plan to enhance infrastructure connectivity and create a complementary offshore financial service system [5] - The CSRC announced that qualified foreign investors will be allowed to participate in on-market ETF options trading starting October 9, aimed at promoting long-term investment in A-shares [8] - The establishment of the China Capital Market Society in Shanghai aims to create a high-end think tank platform for capital market theory research and decision-making consultation [8]

Group 1 - Wolong Materials plans to acquire 25% equity of Changyuan Electronics for 340 million yuan, aiming to hold 100% equity post-transaction [1] - New Fengming's wholly-owned subsidiary intends to acquire 36% equity of Jinlian Port for 70.08 million yuan [2] - Qingda Environmental Protection expects revenue for the first half of 2025 to grow by 75.12% to 143.22%, projecting revenue between 900 million to 1.25 billion yuan [3] Group 2 - Wuliangye Group has invested 606 million yuan to increase its stake in Wuliangye, acquiring 470,370 shares, which is 0.12% of the total share capital [4] - Blue Sky Gas's controlling shareholder plans to increase its stake in the company with an investment between 100 million to 150 million yuan, not exceeding 2% of the total share capital [5] - Hahong Huadong's major shareholder, Changzhou Hengtong Investment, plans to reduce its stake by up to 3%, equivalent to 545,440 shares [6] Group 3 - Songcheng Performance received a warning letter from the Zhejiang Securities Regulatory Bureau regarding supervisory measures against the company and related personnel [7] - Shandong Molong confirmed that there are no undisclosed significant matters, stating that its operational situation remains stable [8] - Zhun Oil also reported no undisclosed significant matters, with its operational environment remaining unchanged [9][10]

Suspension - *ST Huamei: The controlling shareholder Shanghai Pengsheng Technology Industry Co., Ltd. is planning a significant matter regarding the transfer of company shares, which may lead to a change in control of the company, resulting in stock suspension [1] Restructuring, Mergers, Acquisitions, and Private Placements - Konggang Co., Ltd.: Plans to sell 80% equity of Tianyuan Construction to its controlling shareholder, constituting a major asset restructuring [2] - Wolong Nuclear Material: Plans to purchase 25% equity of Changyuan Electronics for 340 million yuan; after the completion of this equity purchase, the company's shareholding in Changyuan Electronics will change from 75% to 100% [2] - Kangda New Materials: Plans to raise no more than 585 million yuan through a private placement for the expansion project of 80,000 tons/year electronic-grade epoxy resin, R&D center, and military electronic composite materials project, as well as to supplement working capital [2] Shareholding Changes, Increases, Transfers, and Buybacks - Huate Dain: Received a stake increase from Guo Weisong, with the shareholding ratio reaching 5% [3] - Lantian Gas: The controlling shareholder Lantian Group plans to increase its holdings by 100 million to 150 million yuan [4] - Aikedi: Plans to repurchase company shares for 100 million to 200 million yuan [5] - Liyang Chip: Shareholder inquiry transfer pricing at 15.59 yuan/share [6] - Donghu Gaoxin: Tianfeng Tiancai Asset Management Plan intends to transfer 1.26% of shares to the indirectly controlling shareholder LianTou Group [7] - Qizhong Technology: Plans to repurchase shares for 75 million to 150 million yuan [8] External Investments and Daily Operations - Small Commodity City: Plans to establish a wholly-owned subsidiary in Hong Kong and apply for a Hong Kong TCSP license to provide financial solutions for cross-border trade through the "Yi Payment" platform [9] Performance Changes - Qingda Environmental Protection: Expected operating income in the first half of 2025 is between 900 million to 1.25 billion yuan, a year-on-year increase of 75.12% to 143.22%, driven by increased delivery of energy-saving environmental treatment system products [12] - Obi Zhongguang: Expected cumulative operating income from January to May 2025 is approximately 363 million yuan, a year-on-year increase of about 117.18%; net profit attributable to the parent company is around 55 million yuan, an increase of approximately 86.44 million yuan [12]

Core Viewpoint - The company has approved an increase in collateral for a project loan to support the construction of the Huizhou Sanhe Wol New Materials Industrial Park, ensuring financial risks remain manageable and do not adversely affect operations or shareholder interests [1][2][3] Group 1: Project Loan Guarantee Overview - The company approved a project loan of up to 297.4 million RMB for its subsidiary, Huizhou Wol Technology Development Co., Ltd., with a loan term not exceeding 10 years [1] - The loan will be used for the construction of the Huizhou Sanhe Wol New Materials Industrial Park, which was previously approved by the board [1] Group 2: Additional Collateral Details - The subsidiary plans to provide additional collateral in the form of construction projects to the Bank of Communications, while other collateral conditions remain unchanged [2] - The total guarantee includes a joint liability guarantee of 297.4 million RMB, collateral guarantees, and cash pledges [2] Group 3: Impact on the Company - The increase in collateral is aimed at meeting operational needs, with financial risks considered manageable and not involving new bank loans [3] - There are no adverse effects on the company's operations or shareholder interests due to this decision [3] Group 4: Cumulative External Guarantee Situation - As of the board meeting date, the total approved external guarantees amount to 330.8674 million RMB, representing 5.98% of the company's latest audited net assets and 3.22% of total assets [3] - All guarantees are provided for the company's subsidiaries, with no overdue guarantees reported [3]