Core Viewpoint - The company is actively expanding its communication business by leveraging partnerships with major telecom operators in China and entering new markets such as intelligent computing data centers, which is expected to enhance its performance and product competitiveness [1] Group 1: Communication Business Development - The company collaborates with domestic telecom operators like China Mobile, China Telecom, and China Unicom to provide communication infrastructure [1] - The company has entered the intelligent computing data center market, providing services to projects such as Hangzhou Hangang Cloud Computing Data Center [1] - The company has successfully been included in the whitelist of major data centers, laying a solid foundation for future business development [1] Group 2: Product Expansion and Innovation - The company has developed industrial control cabinets and automation control cabinets, broadening its application fields to industrial enterprises, rail transportation, national high-speed rail, and renewable energy [1] - The company has made initial progress in the distribution product sector, becoming a candidate for three projects of the State Grid [1] - By 2025, the company has cumulatively won State Grid projects worth 81.2742 million yuan, enriching its product categories and expanding business scenarios [1]

Core Viewpoint - The company is actively expanding its communication business and product offerings, leveraging partnerships with major telecom operators and entering new markets such as smart data centers and industrial automation [1] Group 1: Communication Business - The company collaborates with major telecom operators like China Mobile, China Telecom, and China Unicom to provide communication infrastructure [1] - The company is enhancing its technical capabilities to enter the smart data center market, having already provided services for multiple projects, including those for Hangzhou Hangang Cloud Computing Data Center [1] - The company has successfully qualified for the whitelist of WanGuo Data and YouFu, laying a solid foundation for future business development [1] Group 2: Product Expansion - The company is developing industrial control cabinets and automation control cabinets, broadening its application fields to include industrial enterprises, rail transportation, national high-speed rail, and renewable energy [1] - The company has made initial progress in the distribution product sector, becoming a candidate for three projects with the State Grid [1] - As of 2025, the company has won a total of 81.2742 million yuan in State Grid projects, enriching its product categories and expanding business scenarios, which continuously enhances its performance and product competitiveness [1]

Group 1: 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 [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% [3] - The company has two main business segments: communication and industrial control, and vehicle networking, both of which have seen rapid growth [3] Group 2: Business Development - The company is actively expanding its product offerings in the distribution sector, becoming a candidate for three projects with the State Grid, with a total bid amount of CNY 81.2742 million in 2025 [4] - In the vehicle networking sector, the company has connected over 17 million vehicles globally, with significant partnerships with major automotive manufacturers such as Geely and Li Auto [5] Group 3: Competitive Advantages - Wanma Technology leverages partnerships with major telecom operators (China Mobile, China Telecom, China Unicom) to provide robust communication infrastructure [4] - The company has developed advanced networking solutions, including dual SIM and AI network technologies, to meet the high bandwidth and low latency requirements of smart connected vehicles [5] Group 4: Future Market Potential - The Robotaxi market is projected to reach USD 116 billion by 2030, while the domestic logistics market for Robovan is expected to see significant growth, with potential increases of CNY 977 billion and CNY 1,416 billion respectively [6] - The company is focusing on the commercial viability of autonomous driving applications, positioning itself to capitalize on the expected growth in these sectors [6] Group 5: Product Offerings - Wanma Technology provides comprehensive solutions for the vehicle networking sector, including hardware, eSIM solutions, and AI-driven cloud services [7] - The company has established partnerships with various firms in the Robotaxi and Robovan sectors, including Baidu Apollo and Hello Chuxing [7] Group 6: Global Expansion - The company has deployed six major data platforms globally and has established branches in regions such as Europe and the Middle East to enhance service efficiency and compliance [8] - Wanma Technology's platform supports multiple eSIM standards, enabling it to handle large-scale operations for multinational automotive brands [8]

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]