WOER(002130)2024-11-19 11:17Production Capacity and Equipment - Subsidiary Loting Zhilian currently has over 300 winding machines and more than 30 core wire machines, with over 200 additional winding machines and dozens of core wire machines on order [2] - New high-speed communication line equipment is being delivered, with key equipment expected to arrive in 2025 [2] Product Performance and Orders - Loting Zhilian's 224G high-speed communication line products are in batch delivery with stable yield rates meeting customer demands [3] - The company plans to improve production efficiency through process formula optimization, equipment upgrades, and automation line enhancements [3] Customer Base - Loting Zhilian's high-speed communication line products serve international clients like Amphenol, Molex, and TE Connectivity, as well as domestic connector companies such as Luxshare and InfyLink [3] Financial Performance - The company's wire products achieved a comprehensive gross margin of 15.09% in the first half of 2024, with high-speed communication lines having a relatively higher margin [4] - Future strategies to maintain healthy gross margins include technological innovation, product structure optimization, and cost reduction measures [4] Competitive Advantages - Loting Zhilian has decades of experience in wire product development and process control, with some products reaching international advanced levels [4] - The company possesses world-class production equipment and maintains long-term stable relationships with industry-leading clients [4] Management and Incentives - The company has a robust management team and a scientific compensation and incentive system [4] - In October 2023, the company completed a share repurchase of 13,565,000 shares (1.08% of total shares) for potential equity incentives or employee stock plans [4]