Hi everyone,
I’ve been away for a few days and couldn’t reply earlier.
I’ve done some additional tests:
• WiiM Ultra → NAD C320 used as power amplifier → speakers: completely silent, no noise.
• RCA cable with 120-ohm resistor: noise still present, no change, and it does not vary with volume.
• RCA → XLR connection to the Audiophonics amplifier: noise still present.
At this point I think I have to assume that direct connection between the WiiM Ultra and the Audiophonics power amplifier is not workable in my setup.
Using a preamp between them (NAD or Aiyima T20) solves the problem, so that will probably be my practical solution.
Thanks again to everyone for the suggestions and help.