万马股份（002276.SZ）1月30日在投资者互动平台表示，公司航空导线等部分产品符合机载和航天设备 要求，应用于航空及地面装备等，该类业务尚处于市场开拓期，对公司当前整体营收贡献较小，敬请投 资者注意相关风险。 每经AI快讯，有投资者在投资者互动平台提问：太空、卫星互联网等场景对线缆的耐辐照、低放气 率、极端温度耐受能力要求极高，请问公司现有航空航天线缆产品是否具备向这类场景升级的技术基 础？后续在产品工艺改进上有何具体计划？ （文章来源：每日经济新闻） ...

Group 1 - The company has not yet directly applied its products in the satellite internet and satellite communication fields [2] - Some of the company's products, such as aviation wires, meet the requirements for airborne and aerospace equipment, and are used in aviation and ground equipment [2]

有投资者问通光线缆，公司航空导线是否被工信部认定为单项冠军产品？通光线缆在互动平台表示，公 司航空导线被认定为单项冠军产品。 未来公司将持续注重产品研发、做好生产经营，争取保持相关行 业领先地位。 ...

证券日报网讯12月17日，万马股份（002276）在互动平台回答投资者提问时表示，公司航空导线等部分 产品符合机载和航天设备要求，应用于航空及地面装备等，目前该类业务占公司整体营收的比例很小。 ...

（文章来源：每日经济新闻） 万马股份（002276.SZ）12月17日在投资者互动平台表示，在海底电缆领域，万马高分子生产的海底电 缆用绝缘层、海缆用超光滑半导电屏蔽料以及海底电缆护套产品等多品类产品均有应用于海风电缆。其 中，海底电缆用绝缘层、海缆用超光滑半导电屏蔽料，已成功应用于多个国内外重大海底电缆输电项 目，并参与多个高压电缆尖端工程的技术攻坚。目前该类产品占公司整体营收的比例较小。在航天领 域，公司航空导线等部分产品符合机载和航天设备要求，应用于航空及地面装备等，海底隧道不适用， 目前该类业务占公司整体营收的比例很小。敬请投资者注意投资风险。 每经AI快讯，有投资者在投资者互动平台提问：请问公司的产品是否可用于商业航天、海底隧道等电 力设施的应用上？ ...

格隆汇12月17日丨万马股份(002276.SZ)在投资者互动平台表示，在海底电缆领域，万马高分子生产的 海底电缆用绝缘层、海缆用超光滑半导电屏蔽料以及海底电缆护套产品等多品类产品均有应用于海风电 缆。其中，海底电缆用绝缘层、海缆用超光滑半导电屏蔽料，已成功应用于多个国内外重大海底电缆输 电项目，并参与多个高压电缆尖端工程的技术攻坚。目前该类产品占公司整体营收的比例较小。在航天 领域，公司航空导线等部分产品符合机载和航天设备要求，应用于航空及地面装备等，海底隧道不适 用，目前该类业务占公司整体营收的比例很小。 ...

Core Viewpoint - Wanma Co., Ltd. has a patented production process for aerospace electrical wires, indicating a focus on specialized electronic cables for military and aerospace applications [1] Company Overview - The patented technology, "XLETFE insulated printing production process," is owned by Zhejiang Wanma Group, a wholly-owned subsidiary of Wanma Co., Ltd. [1] - The company is one of the military procurement units, suggesting its involvement in defense contracts [1] Product Application - Certain products, such as aviation wires, meet the requirements for airborne and aerospace equipment, indicating a niche market presence [1] - Currently, the revenue contribution from this aerospace-related business segment is relatively small compared to the company's overall revenue [1]

Core Viewpoint - Tongguang Cable (stock code: 300265) demonstrated robust operational capabilities in a complex market environment, achieving a revenue of 1.228 billion yuan in the first half of 2025, representing a year-on-year growth of 7.01% despite short-term fluctuations in net profit due to multiple factors [1] Revenue and Cash Flow - The company's main business segments include optical fiber cables, power transmission cables, and equipment cables, with equipment cable revenue increasing by 32.41% and gross margin rising to 30.68% [2] - Power transmission cable revenue grew by 13.01%, maintaining market advantages, while optical fiber cable business saw a slight decline, although the proportion of high-value-added products continued to increase [2] - Net cash flow from operating activities improved significantly by 75.99%, indicating enhanced sales collection capabilities and improved working capital management [2] High-end Marine Equipment Project - The "High-end Marine Equipment Energy System Project (Phase I)" has made significant progress, with major infrastructure and equipment installation completed, and partial delivery of subsea cable orders [3] - The total investment for this project is 620 million yuan, with cumulative investment reaching 495 million yuan, expected to be operational by June 30, 2025 [3] - The completion of this project will enhance the company's comprehensive service capabilities in offshore wind power, subsea communication, and marine oil and gas sectors, solidifying its leading position in the high-end marine cable market [3] - The company holds 369 patents and has participated in the formulation of 10 international IEC standards and multiple national standards, showcasing its leadership in the special cable industry [3] Strategic Layout - Tongguang Cable aims to focus on "high-end, intelligent, and green" development, with key layouts in offshore wind power and subsea cable systems, 5G communication-related optical cable products, aerospace and military special cables, and smart grid and energy-saving conductors [4] - The joint venture with Yangtze Optical Fibre and Cable Joint Stock Limited Company, Jiangsu Tongfei Technology Co., Ltd., is in substantial progress, aiming to deepen cooperation in the optical fiber and cable sector [4] - The company has achieved substantial progress in revenue growth, technological breakthroughs, and major project construction in the first half of 2025, with a solid foundation and a firm pace towards high-end transformation [4] - With the production of fundraising projects and the continuous release of market demand, Tongguang Cable is expected to experience stronger growth momentum in the second half of 2025 [4]