Record of Investor Relations Activities on May 6, 2025
Time：2025-05-06 17:00
| Securities Code: 002886 | Securities Abbreviation: Wote Shares |
Record of Investor Relations Activities of Shenzhen Water New Materials Co., Ltd.
Number: March 2025
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Investor Relations Activity Category
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□ Targeted Research □ Analyst Conference □ Media Interview □ Earnings Conference □ Press Conference ☑ Roadshow Event □ On-site visit □ Other |
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Name of Participating Organization |
Guojin Securities, CITIC Securities, CICC, CITIC Securities Investment, China Galaxy Securities, China Post Securities, Zhongtai Securities, Changjiang Securities, GTJA Securities, Guolian Minsheng Securities, Guoxin Securities, Open Source Securities, China Merchants Securities, East Money Securities, Huatai Securities, GF Securities, SW China Securities, Tianfeng Securities, Northeast Securities, Western Securities, Debang Securities, Zhejiang Commercial Securities, Huachuang Securities, HuAn Securities, Huafu Securities, Huaxi Securities, Great Wall Securities, Orient Securities, Guohai Securities, Yongxing Securities, Ping An Securities, Pacific Securities, Caixin Securities, Century Securities, CITIC Futures, Ping An Pension Insurance, Huabao Trust, Guotai Fund, Harvest Fund, Cinda Australia–Asia Fund, Everbright Pramerica Fund, Qianhai Open Source Fund, Shanghai Silver Fund, Tianzhi Fund, Xinyuan Fund, Shanghai Weining Fund, Shanghai Wudi Fund, Guangdong Zhengyuan Fund, Chengdu Yuzhu Private Equity Fund, Beijing Yuanlesheng Asset, China Re Asset, Shanghai Tuling Asset, Shanghai Xitai Investment, Bisheng Investment, Guangdong Hengjian Investment, Zhuhai Deno Venture Capital, Leying Investment, Ningbo Shengshi Investment. |
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Time |
Tuesday, May 6, 2025, 3:30–4:30 p.m. |
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Location |
Online conference call |
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Name of the接待 personnel for the listed company |
Secretary of the Board and Deputy General Manager: Zhang Liang |
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Overview of the Main Activities in Investor Relations
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Questions Raised by Investors and the Company’s Responses The company has responded to the questions raised by investors during this roadshow: 1. Please provide a brief overview of the company’s operating performance for fiscal year 2024 and the first quarter of 2025. Hello! The company adheres to a platform-based strategy for specialty polymer materials and is actively expanding into such key areas as high-frequency communications, computing servers, new-energy vehicles, the low-altitude economy, and semiconductors. Despite challenges posed by industry cycles, depreciation of newly added production capacity, and the amortization of share-based compensation expenses under the employee stock ownership plan, the company has achieved double-digit growth in both net profit attributable to shareholders of the listed company and net profit excluding non-recurring items. In 2024, the company achieved operating revenue of RMB 1.897 billion, up 23.45% year on year, with quarter-on-quarter growth for three consecutive quarters; net profit attributable to shareholders of the listed company reached RMB 36.5965 million, a year-on-year increase of 520.69%; and net profit after deducting non-recurring items amounted to RMB 27.8283 million, up 2,085.60% year on year. Increased sales of specialty polymer materials such as LCP, PPA, and PPS positively contributed to the improvement in operating performance, with specialty polymers accounting for 48.58% of total operating revenue—a level that has remained consistently high. Meanwhile, the company continued to maintain a high level of R&D investment, with R&D expenditures totaling RMB 115.6445 million in 2024, representing 6.10% of full-year revenue; net operating cash flow increased by 78.04% year on year; and the combined amount of cash dividends and share repurchases represented 112.17% of the company’s net profit attributable to shareholders of the listed company. In the first quarter of 2025, the company maintained its growth trajectory, with revenue increasing by 8.46% year on year and net profit attributable to shareholders of the listed company, excluding non-recurring items, rising by 24.76% year on year. At the same time, the company continued to invest heavily in R&D, steadily enhancing its ability to iterate and upgrade customer-facing products and solutions to better meet a broader range of downstream application scenarios. Operating net cash flow also continued to improve, reflecting an overall healthy development trend for the company. Thank you! 2. Could you please tell us about any new developments the company has made in areas such as product and business expansion? Hello! The company is seizing opportunities to meet the diverse material needs of its downstream customers: (1) Automotive and New-Energy Materials Solutions: The company has established stable supply chains for multiple vehicle brands, covering the new-energy “three-electric” systems and thermal-management applications. Small-batch deliveries of millimeter-wave radar are underway, with potential expansion into vision-based radar. Laser-radar materials have completed testing and will be ramped up for volume supply in tandem with the mass production of new products. High-precision in-vehicle positioning antenna materials have been certified and are now deployed in customers’ autonomous-driving systems. The company’s specially developed photovoltaic materials align with the evolving needs of connectors in the PV industry, helping customers achieve independent and controllable access to critical material supply chains. Materials for mobile energy-storage power systems have also earned recognition from leading industry clients. (2) High-Frequency Communication and High-Speed Computing Materials Solutions: ① AI Server Thermal Management Materials: The company has developed a range of air-cooling materials in multiple specifications, establishing the most comprehensive air-cooling material solution for servers in the industry; ② Optical Communication Materials: The company has assembled a team to develop specialty polymer materials with consistent coefficient of linear thermal expansion in all directions, thereby ensuring domestic self-reliance and controllability of these critical materials; ③ High-Frequency, High-Speed Communication Materials: The company provides multi-frequency dielectric constant materials with signal loss as low as 1.4‰, and has become a leading materials supplier for global electronic supply chain enterprises; ④ PTFE Films: These films have been recognized by domestic and U.S. high-frequency, high-speed PCB customers, and the company is conducting collaborative research with leading high-speed cable manufacturers on the impact of expanded polytetrafluoroethylene (ePTFE) film wrapping on the signal transmission performance of cables. (3) Material Solutions for Low-Altitude Aircraft and Robots: ① Materials for Low-Altitude Aircraft: The company provides lightweight materials for UAVs. In addition, aramid-reinforced wear-resistant materials and camera-specific materials developed in response to customer needs have been adopted for mass production by customers. Furthermore, the newly commissioned carbon-fiber composite production line can directly supply customers with molded components such as rotor blades, drone arms, and airframe frames, meeting the material-performance requirements of high-load, low-altitude aircraft. ② Materials for Robots: The company’s R&D efforts focus on key requirements such as ease of processing, weight reduction, high-precision integration, and enhanced strength. For robotic structural components, the bone/robotic-arm materials developed for customers strike a balance among strength, heat resistance, lightweight design, fatigue resistance, and low-carbon objectives; these materials are currently undergoing installation testing at several customer sites. In terms of robotic functional components, the company’s PEEK materials have already been subjected to testing by multiple customers. To address the demands for miniaturization and weight reduction in robotic rotary motors, the company has developed a high-flow motor stator encapsulation material that effectively reduces the encapsulation thickness to 0.1 mm, cuts the weight of the insulation layer by 30%–50%, and increases the stator winding fill factor by 30%–40%. (4) Semiconductor Materials Solutions: Completed the acquisition of all equity in Shanghai Watergate Ben Semiconductor Technology Co., Ltd., expanding coverage to both domestic and international semiconductor customers and establishing in-depth collaborations. Thank you! 3. Could you please provide an update on the company’s progress with PEEK materials? Dear Sir/Madam, the trial production phase of the company’s PEEK resin synthesis project has now been completed, with all relevant equipment operating in full compliance with design specifications. The project has successfully passed the expert review conducted by the competent authorities and is currently undergoing the necessary licensing procedures in preparation for the issuance of a formal production license. Meanwhile, the company has commenced various customer onboarding initiatives to capitalize on the newly added production capacity. In addition, the 100-ton-scale PEEK profile processing line at our subsidiary, Zhejiang Kesa New Materials Technology Co., Ltd., has completed the certification of the company’s self-produced PEEK resin, thereby providing new support for the promotion of our PEEK materials. Thank you! 4. What has been the impact of recent U.S. tariff policies on the company? Hello! The company has achieved domestic sourcing for all raw material supply chains, and its export business is primarily focused on Asia and Europe. The specialty polymer materials industry in which the company operates is now poised for unprecedented growth opportunities. Leveraging years of experience and expertise, the company has successfully built up strengths in technology, product offerings, production capacity, and customer relationships. In 2025, the company’s primary focus will shift to accelerating the ramp-up of production capacity. Thank you! |
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List of Attachments (if any) |
None |
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Date |
May 6, 2025 |
Headquarters business contact
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