格隆汇10月16日丨沃尔核材(002130.SZ)在投资者互动平台表示，目前，公司的750KV交流电缆附件正 在与国内的部分大型电缆厂做捆绑试验。随着国家能源转型的发展及智能电网新能源体系的建设，公司 将持续推进技术驱动策略，持续致力于高电压等级及多功能的电缆附件开发，实现电力产品的稳健增 长。在电子材料业务领域，公司是热缩材料行业的龙头企业，随着电子材料在核电、航空航天、新能源 汽车、医疗、低空飞行器等高端化应用和新兴领域的不断发展，将为公司电子材料业务提供更为广阔的 市场空间。 ...

Group 1: Business Performance - The company's revenue for high-speed communication cables reached 1.246 billion CNY in the first half of 2025, a year-on-year increase of 62.46% [2] - Revenue from high-speed communication cables alone was 466 million CNY, showing a remarkable growth of 397.80% [2] - The company plans to have over 20 imported foam core wire extrusion machines operational by the end of this year, significantly increasing production capacity [3] Group 2: Product Development and Market Position - The 224G single-channel high-speed communication cable is currently the most advanced product in the market, primarily used in high-end foreign markets [4] - The company is developing the next-generation 448G high-speed communication cable, responding to industry trends and customer needs [4] - Major clients include international companies like Amphenol and Tyco, as well as domestic firms such as Luxshare and QH [5] Group 3: Raw Material and Cost Management - The impact of copper price fluctuations on the company's profitability is minimal, as copper constitutes a small portion of the raw materials for high-speed communication cables [7] - The company employs strategic and bulk purchasing methods to control costs effectively [7] Group 4: Business Segments and Future Outlook - The electronic materials segment has established a mature technology system and product layout, with stable business development [8] - The power cable accessory segment is positioned among the top in the industry, with plans to enhance product technology and expand into international markets [9] - The new energy vehicle product segment has seen a compound annual growth rate of over 30% in the past three years, with the company aiming to maintain its leading position in the domestic market for DC charging guns [10] Group 5: Subsidiary and Capacity Expansion - The subsidiary Shanghai Keter focuses on high polymer materials and plans to establish a new production base in Jiangsu Wujiang to alleviate capacity constraints [10] - The company aims to maintain a healthy overall gross margin through innovation, product structure optimization, and cost control measures [10]