Core Viewpoint - Wanma Co., Ltd. has reported strong financial performance in the first half of 2025, with significant growth in revenue and net profit, driven by strategic transformation and expansion into high-end intelligent equipment cables and new materials [1][2]. Financial Performance - The company achieved a revenue of 9.272 billion yuan, a year-on-year increase of 8.58% [1]. - The net profit attributable to shareholders reached 250 million yuan, reflecting a year-on-year growth of 21.8% [1]. - The non-recurring net profit was 221 million yuan, with a year-on-year increase of 25.95% [1]. Business Segments - Revenue from power products was 6.315 billion yuan, up 14.85% year-on-year [1][2]. - Revenue from high polymer materials reached 2.654 billion yuan, a year-on-year increase of 5.7% [1][4]. - The company reported a 136% year-on-year increase in the amount of winning bids for power grid projects, achieving a historical high [2]. Market Trends - The national investment in power grid projects reached 291.1 billion yuan in the first half of the year, a year-on-year increase of 14.6% [1]. - The market concentration in the cable industry is increasing, with the top 10 companies now holding over 20% of the market share [2]. - The company ranks fifth among 40 cable industry enterprises in terms of revenue, with a total of 17.7 billion yuan [2]. Product Development - Wanma Co., Ltd. has established a competitive advantage in the domestic high-end cable market, with products such as ultra-high voltage cables and fire-resistant cables leading the industry [3]. - The company has successfully developed high-pressure submarine cable insulation materials, filling a domestic gap [4]. - The company is focusing on high-performance, customized cables for the rapidly growing industrial automation and robotics sectors [6]. Strategic Initiatives - The company is actively participating in major infrastructure projects, including the world's highest railway construction, which is expected to require significant cable materials [5]. - New product development is accelerating, with new product shipments increasing by 113% year-on-year [2]. - The company has established partnerships with major robotics manufacturers, enhancing its position in the robotics cable market [3].

新华财经北京4月21日电 4月18日晚间，万马股份披露年报，2024年公司实现营业收入177.61亿元，同比 增长17.46%，创历史新高，全年净利润3.44亿，其中，第四季度扣非净利润7704.51万元，同比增长 115.17%。公司拟向全体股东每10股派发现金红利0.50元（含税）。 值得注意的是，在行业竞争加剧环境下，万马股份加快转型发力高端智能装备线缆，电缆业务迎来逆势 增长。其中，电力产品营收117.47亿元，同比增长32.29%。在高端智能装备线缆领域，公司产品目前已 经成熟应用于工业机器人领域，并成功进入新兴的人形机器人、机器狗等具身智能等领域。 据了解，万马股份主要拥有电力电缆、新材料、新能源三大业务。在电力电缆领域，万马股份在国内线 缆中高端产品市场竞争中具备稳定的竞争优势，连续7年蝉联"中国线缆行业最具竞争力企业10强"。 年报数据显示，2024年万马股份在线缆板块积极开发国企央企等大型重点客户，发出规模创历史新高； 公司新增中标6个省电力公司，大型国央企签订框架合同80余份。同时，公司2024年新品研发16项，新 品形成销售20余项，其中8项新品发出规模超千万，3项新品发出超亿元。 近年 ...