证券日报网12月17日讯华通线缆（605196）在12月15日-16日回答调研者提问时表示，2025年11月-12月 期间铜价上涨明显，但对公司的影响程度有限，因为线缆产品的定价机制为"成本+目标毛利"，上涨的 成本大部分会对下游客户进行传导。此外，公司的盈利能力也在于对大宗商品等原材料精细化库存管理 等核心能力的掌控。公司目前正在不断完善发展供应链系统以及库存管理系统，对于原材料价格波动造 成的利润影响有一定的控制作用。 ...

Group 1: Material Cost Management - The proportion of material costs in the revenue for bicycle parts and fitness rehabilitation equipment has increased compared to 2023, particularly for fitness rehabilitation equipment [2][3] - The company plans to implement various strategies to reduce material costs as a percentage of revenue in 2025, aiming to enhance profitability and performance [3][4] - Strategies include optimizing supplier management, centralized and bulk purchasing, and establishing an inventory management system to lower procurement costs [3][4] Group 2: Production Efficiency and Automation - Significant improvement in production efficiency in FY 2024 compared to 2023, attributed to early investments in automation [4][5] - Future automation plans include upgrading existing equipment, investing in new technologies, and enhancing production processes to further increase efficiency and reduce costs [5] - The company benefits from a large order volume and financial resources, allowing for investment in automated production equipment with tax incentives [5] Group 3: Customer Risk Management - In 2025, the company will strengthen customer risk management to mitigate bad debt rates caused by client bankruptcies and operational issues [5] - A new customer credit management system will be implemented, including increased client visits and monitoring of payment and inventory situations [5] - Collaboration among departments will be enhanced to effectively manage customer default risks, and partnerships with export credit insurance companies will be established to assess and mitigate risks [5]