万马股份(002276) - 002276万马股份投资者关系管理信息20250711

Group 1: Company Overview and Strategy - The company follows a "One Body, Two Wings" development strategy focusing on three main business segments: wire and cable, new materials, and new energy [2] - The company has a comprehensive product range in the cable sector, including ultra-high voltage cables, fire-resistant cables, and cables for new energy construction, positioning itself as a "comprehensive cable supplier" in China [4] Group 2: Product Details and Performance - In 2024, the production volume of polymer materials reached 561,384.01 tons, with a gross margin of 13.24% [3] - The production capacity for ultra-high voltage insulation materials will reach 60,000 tons after the completion of the third phase project, with a domestic market share increasing from approximately 15% in 2021 to about 20% [3] Group 3: Competitive Advantages - The company has a leading position in product design and manufacturing capabilities, supported by a technical team with over 15 years of experience in intelligent equipment cables [7] - The company is the first in China to have a TUV-certified laboratory for robot cables, enhancing its research and development capabilities [7] - The company participates in the formulation of multiple industry standards, contributing to the advancement of domestic manufacturing technology [7] Group 4: Production Bases - The equipment cable segment has two main production bases: one in Hangzhou Lin'an Taihu Source for optical cables and data cables, and another in Hangzhou Lin'an Qingshan Lake for wind energy, photovoltaics, and charging cables [8] Group 5: Investment Risks - The revenue from industrial robots, humanoid robots, and robotic dog-related cables currently constitutes a small proportion of the company's overall revenue, highlighting potential investment risks [8]