证券日报网讯沃尔核材11月26日在互动平台回答投资者提问时表示，第一，公司的新能源汽车业务包括 电动汽车充电枪、充电座、车内高压线束、高压连接器以及动力电池热失控防护产品，受益于新能源汽 车行业的持续快速发展以及公司的行业领先地位、持续的研发创新等，公司新能源汽车业务相关产品保 持着良好的增长态势，近三年复合增长率在30%以上。第二，公司的核级（1E级）电缆附件产品已成功 应用于国内外多个核电工程，中标率在同行业中处于领先水平，公司也已完成核电站80年寿期核安全级 电缆附件的研制及鉴定，填补了国际空白，处于国际先进水平。公司将按照相关披露要求进行信披，请 关注相关公告。 （文章来源：证券日报） ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司新能源汽车产品这两年快速增长，2024年接近翻 倍，2025年依然快速增长，请问是指的充电枪业务吗？公司能不能把核电业务数据也单独做个披露？ 沃尔核材（002130.SZ）11月26日在投资者互动平台表示，第一，公司的新能源汽车业务包括电动汽车 充电枪、充电座、车内高压线束、高压连接器以及动力电池热失控防护产品，受益于新能源汽车行业的 持续快速发展以及公司的行业领先地位、持续的研发创新等，公司新能源汽车业务相关产品保持着良好 的增长态势，近三年复合增长率在30%以上。第二，公司的核级（1E级）电缆附件产品已成功应用于国 内外多个核电工程，中标率在同行业中处于领先水平，公司也已完成核电站80年寿期核安全级电缆附件 的研制及鉴定，填补了国际空白，处于国际先进水平。公司将按照相关披露要求进行信披，请关注相关 公告。 ...

Investment Rating - The report assigns a "Buy" rating for the company [1] Core Views - The report highlights that the company is a leading player in the global high-speed copper cable market, benefiting from the AI era and the increasing demand for copper interconnect solutions [4][5] - The company has shown steady revenue growth, with total revenue expected to rise from 41 billion yuan in 2020 to 69 billion yuan in 2024, representing a CAGR of 14% [4][34] - The company is positioned to capture significant market share in the high-speed copper cable sector, with an anticipated global market growth from 1.9 billion yuan in 2025 to 4.9 billion yuan in 2029, reflecting a CAGR of approximately 27% [5][50] Summary by Sections Company Overview - Shenzhen Wole Cable Co., Ltd. was established in 1998 and listed on the Shenzhen Stock Exchange in 2007, focusing on electronic materials, communication cables, power, new energy vehicles, and wind power [4][14] - The company has a stable shareholding structure and multiple subsidiaries that work collaboratively [28] Business Segments - The electronic materials segment, including heat shrink materials, is the largest revenue contributor, accounting for 32% of total revenue in 2025H1 [36] - The communication cable segment is experiencing rapid growth, with a revenue share of 32% in 2025H1, driven by the demand for high-speed copper interconnects [36][27] - The new energy vehicle segment is projected to grow significantly, with a market size expected to increase from 50.8 billion yuan in 2025 to 97.1 billion yuan in 2029, achieving a CAGR of 18% [22] Financial Performance - The company forecasts revenues of 86.1 billion yuan, 118.7 billion yuan, and 146.1 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 12.8 billion yuan, 18.7 billion yuan, and 25.5 billion yuan [7][9] - The gross margin is expected to improve from 31.7% in 2024 to 36.4% in 2027, indicating enhanced profitability [9] Market Trends - The report emphasizes the increasing demand for copper interconnect solutions driven by the AI computing boom, with significant growth in the high-speed copper cable market anticipated [5][50] - The global high-speed copper cable market is expected to grow rapidly, with a projected increase from 1.2 billion yuan in 2024 to 4.9 billion yuan in 2029 [50] Product Development and Capacity - The company has made significant advancements in product development, including the launch of 224G single-channel high-speed copper cables and the initiation of 800G multi-channel production [6] - The company plans to enhance its production capacity significantly by acquiring additional advanced equipment by 2026 [6]