Core Viewpoint - The demand for data transmission is experiencing explosive growth, and data copper cables are a key transmission medium, leading to an expanding market space for Shengyang Technology [1] Group 1: Business Performance - In Q1 2025, Shengyang Technology achieved operating revenue of 184 million yuan, a year-on-year increase of 7.26%, and a net profit attributable to shareholders of 6.26 million yuan, up 68.79% [2] - The high-speed copper cable business has become a significant revenue contributor, with data copper cables generating 31.36 million yuan in revenue and vehicle-mounted high-speed cables contributing 19.64 million yuan [2] - The company is operating at full capacity, with data copper cable production reaching an annual capacity of 1 million boxes and vehicle-mounted high-speed cable production expected to double to 30,000 kilometers per month by June 2025 [2] Group 2: Technological Advantages - Shengyang Technology has established a competitive moat in high-end cable manufacturing, possessing the capability to design and manufacture advanced data cables and coaxial cables [3] - The company has invested in advanced equipment, including three imported Rosen Tai devices, and has optimized production processes to ensure quality and stability [3] - The technological advantages have translated into market competitiveness, with strategic partnerships established for applications in data centers, industrial automation, and smart cities [3] Group 3: Strategic Development - The company is implementing a dual-driven strategy focusing on both wired/wireless communication and satellite communication, with plans to expand its satellite communication terminal business in 2025 [4] - The satellite communication terminal segment aims to develop maritime satellite communication terminals, Beidou vehicle navigation terminals, and satellite internet communication terminals, with a focus on enhancing product quality and market collaboration [4][5] - The satellite communication industry is expected to grow rapidly, with Shengyang Technology's early positioning in this sector likely to create new growth opportunities [5] Group 4: Industry Outlook - The data cable market is projected to expand due to advancements in artificial intelligence and industrial automation, with new demands arising from data centers, industrial internet, and healthcare sectors [6] - The company is confident in achieving steady growth through capacity enhancement, technological research, and market expansion, aiming to increase market share and order volume [6] - Future growth points include the data cable business, display device collaborations, and satellite communication terminal advancements, all contributing to sustained performance growth [6]