A：The company was founded in 2007 and has been listed on the Hong Kong stock exchange for 15 years. Its primary customer base consists of the three major telecom operators, which account for nearly 95% of its business; including China Tower, this figure rises to 99%. The company boasts a stable customer base and long-term collaborative relationships.

A：The company’s principal products include RF coaxial cables, flame-retardant flexible power cables, optical fiber cables, and data cables, among others. It has established a global footprint, with its headquarters in Yixing, Jiangsu Province, and is listed on the Hong Kong Stock Exchange. On the international front, the company has established a significant presence in South Korea, Australia, and other regions, providing high-quality communication solutions to local customers.

A：One of the company's important strategies this year is to actively expand overseas markets, especially for the world's top storage leaders, and strive to become its core supplier. At the same time, on the AIDC track, the company has established a key position in global expansion through patented technology and product advantages.

A：The company has shortcomings in its industrial-chain layout, particularly in the optical fiber and cable segment, where it is missing only two critical links: preform rods and optical fibers. The company is actively pursuing upstream M&A opportunities to strengthen its supply chain and plans to achieve exponential growth in the optical communications segment by further integrating and optimizing the fiber-optic cable value chain. At present, the company has a carrying capacity of 15 million new kilometers, and the long-term and stable customer relationship of the three downstream operators will strongly support the development of this business.

A：The reason why the optical fiber and cable business did not break out was the lack of two important links, light rods and optical fibers, which affected the company's competitiveness in the scoring and order acquisition process of the three major operators. The three major operators tend to choose suppliers with a complete industrial chain to ensure safe and stable supply, so the company has fewer orders in the optical fiber and cable sector, accounting for less than 5% of the company's overall performance. The chairman of the company personally led the team, determined to quickly fill the optical rod and optical fiber two links of the industrial chain, seize the domestic optical fiber and cable manufacturers most of the attention and production capacity to shift to the overseas high-end optical fiber market historical opportunities, as soon as possible to restore and improve the performance of the optical fiber and cable sector.

A：In the domestic market, we are presented with a historic opportunity: by strengthening our supply chain and fulfilling outstanding orders, our existing customer base will quickly translate into robust growth in business volume. Meanwhile, at the capital level, the company’s performance and valuation are both robust. In particular, in the field of underground mine communications, we have secured sample orders from a major Australian mine and are collaborating with China University of Mining and Technology, positioning us for a significant breakthrough in this sector. However, as these orders have not yet scaled up to full‑volume production, they have not been factored into this year’s earnings guidance.

A：In the power sector, although relatively traditional, there is tremendous potential for applications in the AIDC domain. With the rapid development of AI, computing power, storage and other fields, the demand for capacity (fiber) has increased significantly and prices have risen rapidly. In this year's AIDC investment wave, the capacity sector ushered in a historic opportunity, especially the sharp increase in demand for high-speed optical fiber connections, which is expected to continue to explode in the next few years.

A：At present, there is a supply-demand gap of about 10% in the optical fiber market. It is estimated that the demand this year will be 0.8 billion new kilometers, while the supply will be only 0.7 billion. The gap between supply and demand may widen to 15% next year. The main demand side comes from IDC, DCI (inter-data center interconnection) and the drone industry. Among them, the significant increase in AIDC investment has led to an increase in IDC demand, DCI as a key infrastructure to form a computing matrix will also usher in explosive growth, while drones because wireless transmission can not meet the actual combat needs, fiber cable control has become an inevitable trend, thus increasing the demand for fiber.

A：On the supply side, China accounts for more than 60% of the world's production capacity, and even with the addition of second-tier capacity, the overall supply capacity is limited. The four major manufacturers do not have large-scale expansion plans, only to upgrade technology, so from a global perspective, the supply side can not effectively alleviate the tension between supply and demand. In addition, due to the control of overseas rare earth exports, high-end fiber production is limited, resulting in continued tight global supply, thus forming a strong support for fiber prices.

A：The company has introduced a professor-level R & D personnel who has returned from the United States. He has a deep accumulation in the research and development of millimeter wave products. The product has been incubated in the company for about five years, but it is still in the initial stage in the commercialization process, and the order scale is small., Has not yet made a substantial contribution to the group's profits. Nevertheless, the product has broad application prospects in many fields such as commercial aerospace, military and civilian use. The company maintains a strategy of accumulating and developing, and it is expected that there will be breakthroughs in the future.

A：Our company’s shareholder structure is very straightforward: the chairman holds a 30% stake, and the second-largest shareholder is the State-owned Assets Supervision and Administration Commission. In addition, management holds shares, and there are also public shareholders from among family members and friends, with the overall shareholding structure remaining relatively stable.

A：In the AIDC sector, as global demand for computing power chains surges across the board, the company is providing customers with comprehensive solutions. The company’s core product portfolio comprises signal cables, power cables, and optical fiber cables, with the optical fiber cable business poised for further expansion in the future. In particular, in 2025, the business achieved a significant turnaround, and is expected to see even stronger growth in 2020, especially in terms of the AIDC segment’s revenue share.

A：The company operates a world-leading vulnerability detection center and, through a 370-meter straight‑line dual‑track leak‑detection test, has achieved the highest global standards. During their visit, the foreign client expressed strong appreciation and expressed interest in establishing a deeper partnership with the company.

A：Loulan technology has good coverage and application in railway tunnels, buildings and underground mines. It is a potential outbreak node, but it has not yet achieved large-scale commercialization. The market valuation is expected to be close to RMB 20 billion after commercialization.

A：The company is the only supplier that can provide comprehensive underground communication solutions for high-speed rail projects, subway projects, tunnel projects and mine projects. Customers are mainly the three major operators, and with the continuous growth of operators' investment in AIDC, the company's business has developed rapidly.

A：The company currently has 15 million new kilometers of contracting capacity, in the light rod, optical fiber, optical cable production links have reached about 15 million core kilometers, close to 400 tons of light rod production capacity. The goal is to achieve 100 per cent self-sufficiency through mergers and acquisitions, I .e. at least 500 tons of light rod production capacity, so as to achieve industrial chain integrity, performance index-level improvement, while obtaining higher valuations in the capital markets.

A：Recently, the market has a clearer understanding of the strategic planning and development trend of the company's optical communication sector. The strategy implemented after the Spring Festival has received positive feedback from the capital market. It is expected that once the industrial chain is replenished, the performance will be released immediately, which will promote the company's share price.

A：This storage‑oriented enterprise is a key customer of ours in the AIDC sector. The reason for maintaining confidentiality is the client’s request, and this customer holds a pivotal position in AIDC projects it has invested in overseas.

A：This year, our business expansion will focus on two key areas: first, overseas markets; and second, further strengthening and scaling up our optical communications segment, particularly in the AIDC field.

A：We project this year’s revenue at RMB 4.4 billion and net profit at RMB 400 million, with AIDC accounting for over 10%—a conservative estimate based on our existing product portfolio, current orders, and established customer base.

A：The scarcity of optical‑fiber‑to‑the‑home (FTTH) cable production capacity is primarily attributable to its exceptionally high profit margins, which account for approximately 70% of the entire optical communications industry’s net profits. We are highly determined and are actively strengthening our industrial chain, while also planning to expand optical preform production capacity to capture a larger market share.

A：The Russian-Ukrainian war may cause fluctuations in the price of optical fiber, but in the long run, as a strategic reserve resource, the price of optical fiber will remain relatively stable and will not fall sharply due to short-term conflicts.

A：Yes, the company does have some alternatives in the final negotiation stage, and is confident that it can successfully win these projects, mainly because of the company's determination and sincerity, as well as a win-win situation that can quickly increase production capacity and market orders.

A：The advantage of the company lies in the company's determination and sincerity, the ability to provide cash plus the issuance of shares to make acquisitions, while promising to bring orders immediately and help the target party to improve business development, to achieve win-win cooperation.