此外，公司积极拓展产品布局，在配电类产品领域初见成效，已成为国家电网三个项目的中标候选人， 2025年已累计中标国家电网项目8127.42万元，帮助公司丰富了产品类别，开拓业务场景，持续提升公 司的业绩和产品竞争力。 答:在通信领域，公司依托国内中国移动、中国电信、中国联通等通信运营商资源开展合作，提供通信 基础设备。随着产业数字化升级，公司紧跟行业趋势、提升技术能力进入智算数据中心市场，已为杭州 杭钢云计算数据中心有限公司等多个项目提供服务，并成功入围万国数据、有孚白名单，为后续业务推 进奠定坚实基础。同时，公司开发工业控制机柜、自动化控制柜，进一步将产品应用领域拓宽至工业类 企业以及轨道交通、国家高铁、新能源等场景，成功为公司传统业务注入新动能。 格隆汇12月12日丨万马科技在投资者关系中表示，有被问到:公司的通信类业务布局如何？ ...

答:在通信领域，公司依托国内中国移动、中国电信、中国联通等通信运营商资源开展合作，提供通信 基础设备。随着产业数字化升级，公司紧跟行业趋势、提升技术能力进入智算数据中心市场，已为杭州 杭钢云计算数据中心有限公司等多个项目提供服务，并成功入围万国数据、有孚白名单，为后续业务推 进奠定坚实基础。同时，公司开发工业控制机柜、自动化控制柜，进一步将产品应用领域拓宽至工业类 企业以及轨道交通、国家高铁、新能源等场景，成功为公司传统业务注入新动能。 此外，公司积极拓展产品布局，在配电类产品领域初见成效，已成为国家电网三个项目的中标候选人， 2025年已累计中标国家电网项目8127.42万元，帮助公司丰富了产品类别，开拓业务场景，持续提升公 司的业绩和产品竞争力。 格隆汇12月12日丨万马科技(300698.SZ)在投资者关系中表示，有被问到:公司的通信类业务布局如何？ ...

证券代码：300698 证券简称：万马科技 万马科技股份有限公司 投资者关系活动记录表 编号：2025-009 | | 特定对象调研 | | 分析师会议 | | | --- | --- | --- | --- | --- | | 投资者关系 活动类别 | □媒体采访 | | 业绩说明会 | | | | □新闻发布会 | | 路演活动 | | | | 现场参观 | | 券商策略会 | | | | 参会人员： | | | | | | 线下券商策略会： | | | | | | 南方基金 | 杨惠冰 | 华宝基金 | 谭行悦 | | | 长信基金 | 张政 | 中加基金 | 于成琨 | | | 光大保德信 | 王艺伟 | 中航基金 | 黄心宇 | | | 新华基金 | 梁文博 | 中信资管 | 程骥腾 | | | 兴业自营 | 王俊 | 奇盛基金 | 任钰枭 | | | 瀛赐基金 | 胡小骏 | 复胜资产 | 戴卡娜 | | | 鹤禧投资 | 李峥嵘 | 丹羿投资 | 宝玥娇 | | 参与单位名称 及人员姓名 | 上海信托 | 陆方 | 方御投资 | 朱俊 | | | 东吴证券 | 黄细里 | 天风证券 ...

Company Overview - Wanma Technology Co., Ltd. was established in 1997 and listed on the Shenzhen Stock Exchange's Growth Enterprise Market on August 31, 2017 [2][3] - In the first three quarters of 2025, the company achieved a revenue of CNY 557 million, representing a year-on-year growth of 44.51% [2][3] Business Segments - The company has expanded from traditional communication equipment to the intelligent computing data center market, capitalizing on rapid industry growth [3][4] - Both the communication and industrial control business segments, as well as the vehicle networking segment, have experienced significant growth in 2025 [3][4] Vehicle Networking Solutions - As a leading player in the vehicle networking sector, the company offers comprehensive solutions that include high-level hardware, mature eSIM solutions, and dual-active link solutions [4][8] - The company has established partnerships with major automotive manufacturers such as Geely, Ideal, SAIC, and Dongfeng, managing over 16 million connected vehicles [4][6] Global Business Strategy - The company has deployed six regional platforms globally and has built deep relationships with mainstream operators in various countries, providing overseas connectivity services for several well-known automotive brands [4][10] - The company aims to expand its global business ecosystem strategy, exploring new business scenarios and broadening its cooperation scope to create new profit growth points [10][11] Technological Advantages - The company possesses innovative capabilities in AI networks, AI operations, and data closed-loop cloud services, which enhance the operational efficiency and capabilities of smart connected vehicles [4][8] - In the context of Robotaxi and Robovan, the company emphasizes the importance of network stability, bandwidth, and latency, which are critical for safe decision-making and operational efficiency [7][9] Future Directions - The company plans to optimize its traditional communication business while continuing to strengthen its vehicle networking segment and explore new applications such as Robotaxi and Robovan [11] - The company is also focusing on expanding its data center business and migrating its capabilities to other IoT scenarios, including embodied intelligence and unmanned systems [11]

Group 1: Company Overview and Financial Performance - Wanma Technology Co., Ltd. was established in 1997 and listed on the Shenzhen Stock Exchange's Growth Enterprise Market on August 31, 2017 [2] - In the first three quarters of 2025, the company achieved a revenue of CNY 557 million, representing a year-on-year growth of 44.51% [2][3] - The company is transitioning from a traditional communication equipment provider to the intelligent computing data center market [2][3] Group 2: Business Segments and Growth - The company has two main business segments: communication and industrial control, and vehicle networking, both of which have shown rapid growth in 2025 [3] - Wanma Technology is a leading player in the vehicle networking sector, providing services to major automotive manufacturers such as Geely, Li Auto, and SAIC [3][4] - The company has the capability to manage intelligent connections for over 16 million vehicles [3][9] Group 3: Market Expansion and International Strategy - The company is actively expanding its overseas vehicle networking business, with a focus on global business ecosystem strategies [6] - Wanma Technology has established six global data centers to enhance its international service capabilities [6] - The company is leveraging partnerships with mainstream telecom operators worldwide to boost its international presence [6] Group 4: Technological Advancements and Product Offerings - The company has developed advanced technologies in vehicle networking, including dual SIM solutions and AI network management [9] - Wanma Technology's products are essential for the operation of Robotaxi and RoboVan, which require high bandwidth and low latency [8][9] - The company is collaborating with NVIDIA to enhance its computing capabilities for automotive clients [10] Group 5: Future Outlook and Strategic Initiatives - The company plans to optimize its traditional communication and industrial control businesses while expanding its vehicle networking capabilities [10] - Wanma Technology aims to explore new application scenarios such as Robotaxi and RoboVan, aligning with industry trends [10] - The company is focused on accelerating its globalization strategy to create new profit growth points [11]

Core Viewpoint - Wanma Technology is transitioning from a traditional communication equipment provider to the intelligent computing data center market, aiming to capitalize on the rapid growth opportunities in the industry [2] Group 1: Company Developments - On October 20, Wanma Technology responded to investor inquiries, indicating its participation in the "millisecond computing" initiative organized by the Ministry of Industry and Information Technology [2] - The company is actively expanding its data center business while ensuring steady revenue growth in its communication sector [2] Group 2: Industry Trends - The "millisecond computing" initiative focuses on developing a high-speed, large-capacity, low-latency, and widely accessible metropolitan network to provide millisecond-level computing resource network capabilities [2]