WOER(002130)2025-01-08 11:08Financial Performance - 2024 performance growth driven by revenue increase, improved gross margin, and reduced period expenses [2] - Gross margin influenced by market environment, raw material price fluctuations, and labor costs [3] - No immediate financing plans due to stable asset structure and operating cash flow [10][11] High-Speed Communication Cable Business - 224G high-speed communication cable orders at full capacity with batch deliveries ongoing [3] - Subsidiary Letong Zhilian has nearly 400 wrapping machines and over 30 core wire machines, with additional equipment on order [3] - 224G product yield rate remains stable, with plans for improvement through process optimization and automation upgrades [5] - R&D process includes technology pre-research and product development, with focus on maintaining innovation and talent retention [8] Competitive Advantages - Letong Zhilian possesses decades of experience in wire product development and process control, with some products reaching international advanced levels [7] - Strong competitive advantages in quality stability, product variety, and large-scale production capacity [7] - Maintains long-term stable cooperation with industry-leading customers [7] Future Development - Capacity expansion based on industry development, customer demand, and equipment technology iteration [4] - Focus on emerging application fields like high-speed communication cables, with increased investment in technological innovation [7] - Current investments primarily address existing factory and capacity bottlenecks, with potential M&A plans subject to strategic considerations [9] Investor Relations - Investor relations activities conducted on January 7-8, 2025, at Shenzhen headquarters [2] - Participants included representatives from major funds and securities companies [2] - Company representatives included Board Secretary Qiu Wei and Securities Affairs Representative Li Wenya [2]