WOER(002130)2024-12-27 10:25Business Expansion and Strategy - The company plans to establish a production base in Malaysia to enhance its overseas development strategy, focusing on electronic and wire-related products [2] - The subsidiary, Letian Zhilian, currently has nearly 400 winding machines and over 30 core wire machines, with more than 200 additional winding machines and dozens of core wire machines on order [2] - The company's high-speed communication cable business is growing rapidly, with significant R&D and equipment investments, achieving 800G and single-channel 224G high-speed communication cables in 2024 [7] Production and Capacity - Letian Zhilian's high-speed communication cable production capacity is gradually increasing as new equipment is delivered, with key equipment expected to arrive by 2025 [2] - The high-speed communication cable production line is operating at full capacity, with orders fully saturated [2] - The company's high-power liquid-cooled charging guns, produced by its subsidiary Wolong New Energy, are in mass production, with growing demand and overseas sales primarily supporting charging pile and vehicle manufacturers [5] R&D and Innovation - The company's wire product R&D is divided into technical pre-research and product development, with pre-research focusing on cutting-edge technologies and product development tailored to industry trends and customer needs [2] - High-speed communication cable production involves strict requirements for copper conductors, insulation materials, structure, and processes, with significant technical barriers in both production processes and equipment [7] - The company is committed to continuous innovation and upgrading in high-speed communication cable technology, focusing on core business R&D and technological reserves to maintain industry leadership [5] Market and Clients - The company's high-speed communication cables are supplied to international clients such as Amphenol, Molex, and TE Connectivity, as well as domestic connector companies like Luxshare and Infinera [2] - The high-speed communication cables are ultimately used by major server manufacturers, both internationally and domestically [2] - The company is expanding its international market presence by improving European and American standard charging gun product lines and establishing overseas sales teams [5]