WOER(SZ:002130)2026-01-08 10:54Group 1: Company Overview and Operations - The company has received 16 imported foaming core extrusion machines since 2025, with delays in the arrival of other equipment due to shipping issues [2] - The production lines for high-speed communication cables are versatile and can switch between different products, allowing for dynamic capacity optimization based on market demand [3] Group 2: Competitive Advantages - The company’s advantages in the high-speed communication cable sector include technical expertise, large-scale production capabilities, and strong partnerships with key clients [4] - The subsidiary, Letin Intelligent, has decades of experience in product development and process control, positioning the company as a leader in technology within the industry [4] Group 3: Product Development and Market Strategy - The company has developed a single-channel 448G high-speed communication cable sample, which is currently being validated by key clients [5] - The impact of rising copper prices on the gross margin of high-speed communication cable products is minimal due to strategic procurement and the relatively low proportion of copper in the overall material costs [6] Group 4: Future Expansion Plans - The company plans to establish three new production bases focused on communication cables and electronic materials, with a particular emphasis on high-speed communication cables due to their rapid growth [6] - The company has received regulatory approval for its Hong Kong stock issuance project, with all related activities progressing as planned [6]