Record of Investor Relations Activities on January 21, 2026
Time：2026-01-21 14:00
| Securities Code: 002886 | Security Abbreviation: Wote Shares |
Record of Investor Relations Activities of Shenzhen Water New Materials Co., Ltd.
Number: 2026-01
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Investor Relations Activity Category
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□ Targeted Research □ Analyst Conference □ Media Interview □ Earnings Conference Call □ Press Conference ☑ Roadshow Event □ On-site visit □ Other |
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Name of Participating Organization |
CICC, Yangtze Securities, GTJA Securities, Kaiyuan Securities, Huatai Securities, China Galaxy Securities, Guoxin Securities, East Money Securities, SW China Securities, Guolian Minsheng Securities, Northeast Securities, Debang Securities, Shanxi Securities, Western Securities, Everbright Securities, CITIC Securities, Huafu Securities, Huaan Securities, Huajin Securities, Huaxi Securities, Huaxin Securities, Donghai Securities, China Post Securities, Jianghai Securities, Xingye Fund, Ping An Fund, Anhui Meitong Fund, Shenzhen Luoyu Fund, Hainan Runfeng Fund, Jiangsu International Trust, Global Fusheng, Shanghai Dushi Investment, Zhejiang Fengdao Investment, Lupu Investment, Qilin Investment, Shanghai Miyuan Investment, Guangdong Bozhong Investment, Shanghai Qingcong Investment, Guangdong Jiuyi Capital, Taiju Private Equity, Ping An Insurance, China Electric Power Research Institute, Zhongzhe Group, Fuzhou Sanxin Asset, Detai Holdings, Weixiang Capital, Xuanjiao Management, Beijing Acorn, Shanghai Jiufang Yunzhi, Shenzhen Shangcheng, Liyuan Group, Shijia Group, Shenzhen Qianhai Jun’an. |
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Time |
Wednesday, January 21, 2026, 9:00–10:00 |
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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 responded to the questions raised by investors during this roadshow: 1. Please provide an overview of the company’s operating performance for 2025. Good afternoon! For the year 2025, the company expects net profit attributable to shareholders of RMB 57 million to RMB 70 million, representing a year-on-year increase of 56% to 91%. The company continues to deepen its platform-based strategy for specialty polymer materials, with LCP product shipments steadily rising. At the same time, specialty nylon, PPS, PTFE, PEEK, and other advanced materials are being developed in parallel, providing innovative new-material solutions to globally renowned customers across industries such as high-frequency communications, computing servers, new-energy vehicles, the low-altitude economy, semiconductors, and robotics. Thank you! 2. What is the overall progress of the company’s LCP materials? Good afternoon! With the successful commissioning of Phase I and Phase II of the new 20,000-ton-per-year LCP resin project in Chongqing in 2025, the company is both deepening its customer partnerships in key sectors such as high-frequency communications, AI computing servers, and new-energy vehicles, and accelerating the market expansion of LCP materials into emerging applications—including active thermal management for mobile phones and robot motors. Meanwhile, the company’s centrally budgeted LCP film project has successfully passed acceptance inspection and will, going forward, drive the industrialization of LCP films in high-end electronic components and other fields, thereby significantly enhancing product value-added and strengthening technological barriers. Thank you! 3. Aside from LCP materials, how is the development progressing on the company’s other newly cultivated specialty materials? Hello! In 2014, the company officially embarked on a strategic transformation toward specialty polymer materials by acquiring Samsung’s LCP production line in South Korea. Since then, the company has steadfastly pursued a specialty materials development strategy, progressively expanding from LCP to multiple categories of specialty materials, including specialty nylons, PTFE, PPS, PEEK, and polysulfone, while completing the corresponding capacity deployment. Currently, in addition to LCP products, shipments of specialty nylons and PPS are showing sustained growth. The specialty nylon portfolio includes high-temperature nylons, long-chain nylons, transparent nylons, and nylon elastomers, with both bio-based and petroleum-based formulations available for each. PPS materials have already been adopted in electronic components for new-energy vehicles and now hold a core market share among leading electronics component manufacturers. With the commissioning of PEEK polymerization capacity in 2025, the company has overcome key technical barriers in continuous polymerization processes, achieving precise control over the molecular weight distribution of PEEK resins and continuously optimizing product performance. Leveraging its end-to-end industrial-chain advantages spanning polymerization, modification, and finished-product manufacturing, as well as collaborative breakthroughs in high-end applications such as semiconductors, PEEK production capacity will be gradually brought online. In addition, with the commencement of production of thermoset carbon-fiber composites in 2025, the company will gain a competitive edge in serving the low-altitude economy by providing lightweight structural components for aircraft, robots, and other applications. As shipments of PPA, PPS, and PEEK continue to grow, and once the peak pressure from fixed-asset depreciation has passed, the company’s profitability is expected to improve further. Thank you! 4. How was the negative goodwill mentioned in the company’s 2025 performance forecast formed? Good afternoon! In 2025, the Company acquired Shanghai Waterway Huaben Sealing Products Co., Ltd. at a price below its appraised value, resulting in negative goodwill and delivering a positive impact on 2025 earnings. With the completion of this acquisition and its gradual integration into our existing operations, the Company will become a full-service provider of semiconductor component solutions within the industry. Furthermore, the localization of semiconductor materials has accelerated significantly, enabling us to achieve comprehensive coverage of leading global semiconductor equipment manufacturers. Thank you! 5. Please provide a brief overview of the company’s overall business plan for 2026. Hello! Leveraging our first-mover advantage in production capacity and sustained R&D investment, the company will continue to maintain a leading position in the process of strengthening and optimizing the specialty materials value chain. Going forward, we will focus on building differentiated competitive advantages, gradually ramping up production capacity, and further expanding our market share amid the dual trends of domestic technology self-reliance and high-end manufacturing upgrades, thereby providing solid support for sustained revenue growth. Thank you! |
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List of Attachments (if any) |
None |
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Date |
January 21, 2026 |
Headquarters business contact
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