Core Viewpoint - The company expects a net profit of 1.1 billion to 1.18 billion yuan for the year 2025, representing a year-on-year growth of 29.79% to 39.22% [1] Group 1: Business Performance - The market demand for electronic materials, communication cables, power products, and new energy vehicle products has continued to rise during the reporting period [1] - All business segments of the company have achieved varying degrees of revenue growth, with the communication cable and new energy vehicle segments experiencing rapid growth [1] - The communication cable business has benefited from the rapid release of demand in downstream industries such as data communication, leading to significant growth in market demand and revenue [1] Group 2: Growth Drivers - The new energy vehicle product segment continues to maintain a good growth trend, supported by ongoing industrial policy initiatives [1] - The company has enhanced its profitability through continuous improvements in automation levels, production efficiency, and product structure optimization [1] - These combined factors have contributed to the expected year-on-year growth in net profit attributable to shareholders of the listed company [1]

Core Viewpoint - The company,沃尔核材, expects a net profit attributable to shareholders of 1.1 billion to 1.18 billion yuan for 2025, representing a year-on-year growth of 29.79% to 39.22% [1] Group 1: Business Performance - The company reported that market demand for electronic materials, communication cables, power products, and new energy vehicle products has continued to rise [1] - All business segments of the company achieved varying degrees of revenue growth during the reporting period [1] - The communication cable and new energy vehicle product segments experienced rapid growth, primarily due to increased demand from downstream industries such as data communication [1] Group 2: Market Drivers - The communication cable business benefited from a significant increase in market demand, leading to a rapid revenue increase [1] - The new energy vehicle product segment maintained a strong growth trend, supported by ongoing industrial policy initiatives [1]

证券代码：002130 证券简称：沃尔核材 公告编号：2026-005 深圳市沃尔核材股份有限公司 2025 年年度业绩预告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日-2025 年 12 月 31 日 2、业绩预告情况：☑ 同向上升 三、业绩变动原因说明 报告期内，公司电子材料、通信线缆、电力产品以及新能源汽车产品的市场需 求持续提升，公司各业务板块营业收入均实现了不同程度增长，其中，公司通信线 缆与新能源汽车产品业务板块增速较快，主要原因是：公司通信线缆业务受益于数 据通信等下游行业需求的快速释放，相关产品市场需求显著增长，带动收入实现快 速提升；新能源汽车产品业务则在产业政策的持续推动下，继续保持着良好的增长 1 态势。 此外，公司还通过持续提升自动化水平、提高生产效率、优化产品结构等举措， 持续增强盈利能力，综合因素影响下公司实现了归属于上市公司股东的净利润同比 增长，预计2025年年度实现归属于上市公司股东的净利润同比增长29.79%至39.22%。 四、风险提示 1、本次业绩预告 ...

Market Performance - The other electronic sector increased by 0.01% on January 28, with Keleke leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up by 0.27%, while the Shenzhen Component Index closed at 14342.9, up by 0.09% [1] Top Gainers - Keleke (002782) closed at 23.33, up by 6.43% with a trading volume of 316,500 shares and a transaction value of 726 million [1] - Mindray Electronics (300656) closed at 27.64, up by 6.14% with a trading volume of 216,200 shares and a transaction value of 605 million [1] - Shannon Chip Creation (300475) closed at 175.00, up by 5.00% with a trading volume of 454,600 shares and a transaction value of 778 million [1] Top Losers - Walden Nuclear Materials (002130) closed at 29.32, down by 10.01% with a trading volume of 1,972,400 shares and a transaction value of 6.072 billion [2] - Jingquan Technology (002885) closed at 27.40, down by 3.15% with a trading volume of 151,500 shares and a transaction value of 419 million [2] - Hanzhuo Technology (301275) closed at 60.40, down by 2.89% with a trading volume of 33,600 shares and a transaction value of 206 million [2] Capital Flow - The other electronic sector experienced a net outflow of 320 million from institutional investors, while retail investors saw a net inflow of 444 million [2] - The capital flow data indicates that institutional investors withdrew funds, while retail investors increased their investments in the sector [2] Individual Stock Capital Flow - Shannon Chip Creation (300475) had a net inflow of 96.5 million from institutional investors, but a net outflow of 47.3 million from speculative funds [3] - Keleke (002782) saw a net inflow of 29.9 million from institutional investors, with a significant outflow from retail investors [3] - Mindray Electronics (300656) had a net inflow of 10.6 million from institutional investors, while retail investors withdrew funds [3]

沃尔核材今日跌停，成交额60.72亿元，换手率17.23%，盘后龙虎榜数据显示，深股通专用席位买入 3.37亿元并卖出3.82亿元，3家机构专用席位净买入9964.36万元，有2家机构专用席位净卖出8174.07万 元。 ...

Core Viewpoint - The stock of Wolong Materials (002130) experienced a sudden drop of 10.01%, leading to a market capitalization decrease to 36.94 billion yuan and a trading volume exceeding 5.8 billion yuan, raising concerns among investors about the reasons behind the decline [1]. Group 1 - On January 27, Wolong Materials announced the publication of materials related to its overseas listing of foreign shares (H-shares), indicating that the Hong Kong Stock Exchange's listing committee had held a hearing to review the company's application for overseas issuance [4]. - The company plans to list on the Hong Kong main board, with CITIC Securities International and China Merchants Securities International as joint sponsors [4]. - Market rumors suggested that the H-share issuance price might be significantly discounted compared to the A-share price, which has raised investor concerns [4]. Group 2 - Following the stock's decline, many investors took to social media to express confusion and seek explanations for the sudden drop, with some speculating about potential impacts from the company's H-share listing [2]. - The company reportedly expressed surprise at the stock's performance and inquired about the movements of its competitors [2]. - There were also mentions of potential disturbances related to copper cable, which could affect the stock's performance [4].

| | | 沃尔核材[002130] 2026-01-28 15:00 | | | 5PMA = | 10PMA = 20PMA = 30PMA = | | | --- | --- | --- | --- | --- | --- | --- | --- | | 35.41 | | | | | | | | | 33.83 | | | | | | | | | 32.25 | | | | | | | | | 30.67 | | | | | | | | | 29.09 | | | | | | | | | 27.52 | | | | | | | | | 25.94 | | | | | | | | | 24.36 | | | | | | | | | 22.78 | | | | | | | | | 309万 | 交軍:1967788 | | | | | | | | 232万 | | | | | | | | | 155万 | | | | | | | | | 77.32万 | | | | | | | | | | 11-07 | 11-19 | 12-01 | 12-11 | 12-23 | 01-06 01-16 | 01-2 ...

Market Overview - The Hang Seng Index is expected to challenge the 2025 high of 27,381 points, supported by the continuation of interest rate cuts in the US and increased monetary policy easing in mainland China [2] - The first quarter of 2026 is anticipated to see policy implementation focusing on expanding domestic demand and achieving technological self-reliance [2] - Despite geopolitical instability affecting risk appetite, a significant decline in the US dollar index is favorable for emerging markets, alongside a robust financing activity in the AI sector [2] Corporate News - Ganfeng Lithium (1772) has issued a profit warning, expecting a net profit between 1.1 billion to 1.65 billion RMB [4] - Cao Cao Mobility (2643) plans to raise 389 million RMB through a share placement at an 8.97% discount [4] - Haifeng International (1308) anticipates a 16%-19% increase in annual profits due to increased container throughput [4] - Dongfang Securities (3958) forecasts a 67.8% increase in net profit for 2025, reaching 5.62 billion RMB [10] - China Merchants Securities (6099) reported an 18% increase in net profit for the previous year, amounting to 12.3 billion RMB [10] - Shenwan Hongyuan (6806) expects a significant profit increase of 74.6%-93.8% for 2025, with net profit projected between 9.1 billion to 10.1 billion RMB [10] Economic Indicators - China's industrial profits increased by 0.6% in 2025, totaling 7.398 trillion RMB, with state-owned enterprises seeing a 3.9% decline in profits [8] - The People's Bank of China reported a 6.9% year-on-year increase in fixed asset loans by the end of Q4 2025, with total loans reaching 271.91 trillion RMB [8] - Hong Kong's exports rose by 26.1% and imports by 30.6% in December 2025, both exceeding expectations [8] AI Sector Developments - The AI sector is experiencing a surge in financing activities, driven by advancements in large AI models [7] - QuestMobile reported that Baidu's Wenxin Assistant has become the largest AI application in China, with over 200 million monthly active users [10] - Alibaba continues to invest heavily in AI and cloud services, aiming to optimize its capital structure and attract diverse funding [10]

Group 1: New Listings on Hong Kong Stock Exchange - Five companies, including Yuchai Ship Electric, Deyang Co., Weiyuan Energy, Xinquan Co., and Xingchen Tianhe, have submitted listing applications to the Hong Kong Stock Exchange, showcasing the attractiveness of the Hong Kong market for real economy and hard technology enterprises [1] Group 2: Collaboration between Exchanges - Hong Kong Stock Exchange has signed a memorandum of cooperation with the Brazilian Securities Exchange to promote sustainable finance and carbon market development, exploring cross-border securities listing and new opportunities in carbon and ESG products [2] Group 3: Walden Materials' Listing Progress - Walden Materials has passed the listing hearing on the Hong Kong Stock Exchange, being one of the largest manufacturers of heat shrink materials and communication cable products globally, with a market share of 20.6% in the global heat shrink materials industry and 12.7% in the telecommunications cable sector [3] Group 4: Financial Performance of China Merchants Securities - China Merchants Securities reported preliminary financial data for 2025, achieving a total revenue of 24.9 billion yuan, a year-on-year increase of 19.19%, and a net profit attributable to shareholders of 12.3 billion yuan, up 18.43% year-on-year, reflecting a steady transformation aligned with serving the real economy [4] Group 5: Hong Kong Stock Market Performance - The Hang Seng Index closed at 27,126.95, with a gain of 1.35%, while the Hang Seng Tech Index rose by 0.50% to 5,754.72, and the National Enterprises Index increased by 1.07% to 9,244.88 [5]

Core Viewpoint - The company has completed the development of a single-channel 448G high-speed line sample and has delivered it for validation by key customers, indicating a strong position in technology and equipment reserves within the industry [1] Group 1 - The company has achieved significant advancements in technology, positioning itself as a leader in the industry [1] - The production capacity of the company has been greatly enhanced, reflecting its commitment to meeting market demands [1]