Wang Xingxing pointed out at the Qualcomm Snapdragon Summit in China on September 24, 2025, that in the industrial robotics field, which has developed for several decades, the most common failure remains cable issues. Cable failures may account for as much as 60%-70% of the factors affecting the failure rate and lifespan of industrial robots. He also mentioned that cables connect the robot’s body joints and various sensory systems such as cameras, but they are extremely prone to failure, a problem often overlooked by chip manufacturers. “It may be hard to imagine, but sometimes our team spends a lot of time and effort to reduce the weight of a single wire,” he explained. In a sense, reducing the number of cables is particularly important for improving a robot’s performance and reliability. Wang Xingxing hopes that in the future, humanoid robots will only need one cable to connect the main control brain and limbs, and there is still much work to be done to achieve this goal.
Wanma Co., Ltd.: Zhejiang Wanma Co., Ltd., stock code: 002276, is listed on the main board of the Shenzhen Stock Exchange, with its headquarters in Hangzhou. Founded in 1996, it was listed on the Shenzhen Stock Exchange in 2009. • Business Scope: The company focuses on three main business sectors: wire and cable, polymer new materials, and new energy, with a core development strategy of one body and two wings. The wire and cable business covers various types, including power cables and communication cables; the polymer new materials business mainly produces insulation materials, shielding materials, and sheathing materials; the new energy business mainly engages in the production of charging infrastructure, network construction and operation, and building energy management system platforms. • Financial Status: In the first half of 2025, the company achieved operating revenue of 9.272 billion yuan, a year-on-year increase of 8.58%, and a net profit attributable to the parent company of 250 million yuan, a year-on-year increase of 21.80%. The thematic concepts include rail transit, high-voltage fast charging, wind power, energy storage, data centers, humanoid robots, green electricity, marine engineering equipment, etc., reflecting the broad application of cables.
Key focus on Wanma’s advantages in the robotics cable layout. Wanma Co., Ltd. has multiple advantages in the development and application of robotics cables, as follows: • Technical R&D Advantage: Wanma established the “Industrial Intelligent Equipment Cable Division” as early as 2016, focusing on the field of intelligent equipment such as robots. The core members of its R&D team have over 15 years of experience in the field of robotics and intelligent equipment cables. The company’s robotics cable laboratory is the first TUV-certified robotics cable laboratory in China, capable of conducting full lifecycle simulation testing. The developed flexible motion robotics cable has a bending cycle exceeding 30 million times, far exceeding international product standards. • Product Performance Advantage: Wanma’s robotics cables use new materials such as polyurethane elastomers, which can operate stably in extreme environments from -40°C to +125°C, reducing weight by 22% compared to traditional products, effectively lowering the overall load of the robot. The developed Wanma Robotics Intelligent CCa system integrates dynamic power distribution and real-time data interaction functions, adapting to the complex motion requirements of humanoid robots. • Quality Certification Advantage: All series of Wanma’s equipment cables have UL and CE certifications, and the products comply with the EU RoHS environmental standards, receiving dual certification from the German Rhine TUV and the American UL laboratory, with the testing center being a TUV Rheinland authorized testing laboratory, ensuring that product quality is recognized by international authoritative institutions. • Market Cooperation Advantage: Wanma is a core supplier for Midea’s KUKA robots, securing orders worth over 100 million yuan from Midea KUKA, with a 170% year-on-year increase in robotics cable orders in 2024. Additionally, the company is the exclusive supplier of special cables for Yushu Technology’s robotic dogs and humanoid robots, with products covering humanoid and quadruped robots, entering the core supply chain of companies like Yushu Technology and Figure. • Industry Standard Setting Advantage: Wanma is a major participant in the formulation of several industry standards, such as T/CIET830-2024 “Quality Grading and ‘Leader’ Evaluation Requirements for Drag Chain Cables”, T/CIET831-2024 “Drag Chain Cable Wear Resistance Test Methods”, and T/CIET833-2024 “Drag Chain Cables for Robots”, leading the technological path for R&D and manufacturing upgrades in the domestic industry.
The monthly K-line chart for the closing price on September 26, 2025, shows a bottom support at 17 yuan and a top pressure at 30 yuan, with a long-term breakthrough of 44 yuan historical high (just a dream, but dreams are important, especially with the backing of supplying Yushu humanoid robots and robotic dogs) 
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