Core Viewpoint - New Asia Electronics has shown a significant increase in stock price and trading volume, indicating strong market interest and performance in the consumer electronics wire industry [1] Company Overview - New Asia Electronics Co., Ltd. is located in the North Baixiang Town, Leqing City, Zhejiang Province, and specializes in the research, manufacturing, and sales of precision electronic wires, including consumer electronics, industrial control wires, automotive electronic wires, high-frequency data wires, and special wires [1] - The company's products are widely used in various sectors such as home appliances, computers, smart office equipment, industrial control devices, automotive electronics, data servers, and new energy technology [1] - After 30 years of development, New Asia Electronics has become a leading enterprise in the niche market of consumer electronics wires in China, with notable clients including domestic brands like Haier, Hisense, Midea, and Gree, as well as global brands like Daikin, Sony, Canon, and General Motors [1] Financial Performance - For the period from January to March 2025, New Asia Electronics achieved a revenue of 882 million yuan, representing a year-on-year growth of 27.39% [1] - The net profit attributable to shareholders for the same period was 47.27 million yuan, reflecting an 18.82% increase compared to the previous year [1] - As of March 31, the number of shareholders for New Asia Electronics was 36,500, with an average of 8,612 circulating shares per person [1]

Core Insights - New Asia Electronics (605277) reported a revenue of 3.531 billion yuan for 2024, representing a year-on-year growth of 10.84%, with a net profit of 153 million yuan, up 6% [1] - The company demonstrated strong operational resilience through product structure optimization, deepening industry chain layout, and accelerating internationalization despite macroeconomic pressures and intensified industry competition [1] Revenue Breakdown - The revenue growth was primarily driven by strong performance in consumer electronics and industrial control cables, new energy cables and components, and automotive cables [1] - In the consumer electronics and industrial control cable segment, revenue reached 1.386 billion yuan, a year-on-year increase of 22.99% [1] - The communication cable and data cable segment experienced a revenue decline of 16.29% due to the slowdown in 5G base station construction; however, high-frequency and high-speed data cable business grew by 102.88% [2] Investment and R&D - New Asia Electronics invested over 70 million yuan in advanced equipment for AI servers and data centers, achieving mass delivery of PCIe 6.0 and completing R&D for PCIe 7.0 [2] - The company reported R&D expenses of 125 million yuan, with 10 new invention patents and 23 utility model patents added during the reporting period [2] Strategic Expansion - The company is transitioning from a single "cable" manufacturer to a comprehensive solution provider for "cables + connectors" through acquisitions and partnerships, including the acquisition of Zhongde Cable and investment in Kebo Optoelectronics [3] - New Asia Electronics is accelerating its global production layout, establishing manufacturing bases in Thailand, Mexico, and Hungary to create a localized overseas operational system [3] Future Goals - The company aims to achieve a revenue target of 4 billion yuan by 2025, focusing on expanding its product applications in "artificial intelligence+" and ensuring comprehensive growth across its business segments [4] - The first quarter of 2025 showed a revenue of 882 million yuan, a year-on-year increase of 27.39%, with a net profit of 47.27 million yuan, up 18.82% [4]