兆龙互连(300913) - 2024年9月2日投资者关系活动记录表

Group 1: Company Performance - The company achieved a revenue of 850 million in the first half of 2024, representing a year-on-year growth of 16.12% [2] - Revenue from data communication cables of category 6A and above increased by 37.10% [2] - Revenue from specialized cables, including industrial and high-speed cables, grew by 17.23% [2] - Revenue from connection products, including high-speed and industrial components, surged by 58.06% [2] Group 2: Market Trends and Demand - There is a growing demand for high-speed data transmission, driven by advancements in technology and industrial automation [3] - The North American market, particularly in AI server investments, signals positive growth prospects for high-speed products [3] - The overall market for 6A and below data communication cables is stabilizing, with a gradual increase in demand for higher-grade products [2][3] Group 3: Product Development and Capacity Expansion - The company is expanding its production capacity for high-speed cables and connection products, with a focus on meeting market demands [4] - The production line for high-speed products is set to enhance its capacity to meet transmission rates of 800G and below [4] - The company is making progress in establishing a production facility in Thailand, with key milestones achieved in equipment installation and trial production [4] Group 4: Profitability and Margins - The gross margin for specialized cables was 29.40%, while connection products achieved a gross margin of 30.06% in the first half of 2024 [4] - The company aims to improve its gross margin through continuous R&D investment, technological innovation, and cost optimization [4] Group 5: Risks and Challenges - The investment in the Thailand production base may exert short-term financial pressure due to initial costs [5] - Intense market competition in the high-speed sector could impact product pricing and profit margins [5] - The company is focusing on leveraging its technological, brand, and customer resource advantages to enhance overall competitiveness [5]