WOER(SZ:002130)2025-11-25 12:50Group 1: High-Speed Communication Cable Business - The revenue from high-speed communication cables in the first three quarters of 2025 increased by over 300% compared to the same period last year, benefiting from the rapid growth in demand from global data centers, AI, and high-performance computing [2][3] - The overall gross margin for high-speed communication cables is strong, indicating notable profitability [2][3] - The company has 7 imported foam core line extruders in operation, with plans to have over 30 by mid-next year, enhancing production capacity [3] Group 2: Product Development and Market Strategy - The company has completed the development of the 448G single-channel high-speed communication cable samples, which are currently being validated by key customers [3][4] - The company maintains close communication with downstream customers to dynamically adjust production and delivery schedules based on market demand [3][4] - The company’s high-speed communication cable business is positioned upstream in the supply chain, serving major international clients like Amphenol and domestic firms like Luxshare [4] Group 3: New Energy Vehicle Business - The new energy vehicle segment has seen a compound annual growth rate (CAGR) of over 30% in the past three years, with the company leading in revenue from DC charging guns in 2024 [6][7] - The company enhances competitiveness through self-manufacturing of core components and establishing a full production line for niche products [6][7] Group 4: Electronic Materials Business - The electronic materials segment has a stable development trend, supported by a mature technology system and a broad application range [7] - The gross margin for electronic materials is maintained through product structure optimization and efficient manufacturing processes [7] Group 5: Overall Profitability and Future Outlook - The overall gross margin for the company in the first half of 2025 was 32.45%, with plans to maintain it through innovation and cost control measures [7]