XINYA(605277)2024-07-08 07:38Financial Performance - High-frequency and high-speed cable revenue averages around 70 million yuan annually [4] - Guangdong Zhongde Cable Co Ltd achieved a net profit of approximately 82 million yuan in 2023 [5] - The company's high-frequency and high-speed cables have an average gross profit margin of 30%-40% [4] Product and Technology - The company supplies high-frequency and high-speed data cables and consumer electronics and industrial control cables to Amphenol [4] - The company does not currently produce 112G or 224G cables [4] - The company produces high-frequency and high-speed cables including PCIe4 0/5 0/6 0 and other specifications [4] Expansion and Capacity - The company is expanding production capacity for high-frequency and high-speed cables with new equipment being installed and debugged [4] - The company plans to steadily increase production capacity for high-frequency and high-speed cables [4] Mergers and Acquisitions - Guangdong Zhongde Cable Co Ltd specializes in the R&D manufacturing and sales of communication cables widely used in communication base stations data centers and photovoltaic scenarios [5] - After acquiring Zhongde Cable the company restructured its board and retained the original management team while strengthening financial control and standardizing operations [5] - The company granted 3 435 000 restricted shares to 40 core employees of Zhongde Cable as part of an incentive plan [5] Incentive Plans - The company launched a 2024 equity incentive plan targeting a net profit growth rate of at least 30% 50% and 75% over the next three years based on 2023 net profit [5] - The incentive plan aims to enhance competitiveness and employee motivation aligning with the company's future development strategy [5]