Record of Investor Relations Activities on January 30, 2024
Time：2024-01-30 23:32
| Stock code: 002886 | Stock abbreviation: WOTE |
Record Form of Investor Relations Activities of Shenzhen WOTE Advanced Materials Co.,Ltd.
NO.: 2024-01
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Category of Investor Relations Activities |
□ Specific Object Research □ Analyst Meeting □ Media Interview □ Performance Presentation |
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Participating Institutions |
Guojin Securities, CICC, BOCOM Schroders Fund, Guotai Fund, CITIC Securities, Minsheng Securities, Caitong Securities, Northeast Securities, Guosen Securities, Tianfeng Securities, Changjiang Securities, Zhongtai Securities, Guotai Junan Securities, Huaxi Securities, Shenwan Hongyuan Securities, GF Securities, Xingzheng Global Fund, Boshi Fund, Detai Holdings, Guojin Fund, Everbright Pramerica Fund, Zhejiang Longhang Asset, Beijing Taozhu Capital, Beijing Chengtianjiutou Investment, Great Wall Wealth Insurance, Yangzheng Fund, Xunyuan Asset, Changqingteng Asset, Taiping Asset, Ningbo Dapeng Fund, Shanghai Heqi Investment, China AMC Innovation Investment, Xuanya Investment, Dajia Asset, Rosefinch Equity Investment, Beijing Fuzhi Investment. |
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Time |
January 30, 2024 (Tuesday) 22:00 - 22:30 |
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Venue |
Conference Room of the Company's Headquarters; Online Conference Call |
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Names of Personnel Receiving Investors from the Listed Company |
Board Secretary and Deputy General Manager: Zhang Liang |
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Main Contents of the Investor Relations Activities |
Questions raised by investors and the company's responses The company responded to the questions raised by investors during this roadshow: 1. Please introduce the company's performance in 2023. Hello! The company adheres to the platform strategy of special polymer materials. In 2023, it is expected to achieve an operating income of approximately 1.55 billion yuan, an increase of about 4% compared to the same period of the previous year, and the operating income has achieved sequential quarterly growth for three consecutive quarters. The proportion of revenue from special polymer materials has increased compared to the same period of the previous year, and the unstable factors in the supply chain have been eliminated during the reporting period, and the gross profit margin of the company's products has improved compared to the same period of the previous year. However, factors such as the industry's prosperity and the lead time for the introduction of new customers have had a certain impact on the release of the company's new production capacity. At the same time, the company's new project commissioning, organizational transformation promotion, process optimization, and other factors have brought about a staged increase in management expenses, and the R&D investment in new technologies and new processes has brought about an increase in R&D expenses, as well as a decrease in exchange gains and an increase in financial expenses due to interest on loans during the project construction period, which have led to a decline in the company's net profit. Thank you! 2. When will the LCP at the company's Chongqing base be put into production, and what is the production capacity target? Hello! The first phase of the LCP production line at the company's Chongqing base has completed the construction, installation, and commissioning work. At present, the company is communicating with the relevant competent departments for the final inspection and acceptance and other links, and the company will gradually release the production capacity according to the acceptance rhythm and the comprehensive situation of the industry. According to the company's existing production capacity planning, the company aims to become the largest LCP material supplier in the world in terms of production capacity. Thank you! 3. It is said that PEEK material is known as the most core weight reduction material for humanoid robots. Please introduce the production capacity and commissioning situation of your company's PEEK. Hello! The company plans an annual polymerization capacity of 1,000 tons for polyaryletherketone. The first-phase production line has basically completed the construction and equipment installation of the production line. At present, the company is communicating with various superior competent departments for the inspection and acceptance and other links, and it is expected to be put into production in the first half of this year. Thank you! 4. At the end of 2022, the "Implementation Plan for the Innovative Development of the Low-altitude Economy Industry in Shenzhen (2022 - 2025)" was issued. Does the company have any layout in the low-altitude economy industry? Hello! The company has become a supplier to the leading customers in the global drone field, continuously strengthening its technological advantages in the field of drone materials, and providing safe and reliable polymer and carbon fiber composite material solutions for multiple components including the fuselage, gimbal, and flight power system for consumer drones, plant protection drones, and logistics industry drones. Thank you! 5. Please introduce the operating situation of your company's Vietnam base. Hello! The company's investment in the establishment of a production base in Vietnam in 2023 is an important measure to implement the company's strategic development plan and carry out a global industrial layout. At the same time, the upfront investment in the new base and the periodic impact of the introduction of new customers will also have a certain impact on the current profit. The company will continuously improve the production efficiency of the Vietnam base to further meet the order demands of overseas customers, reduce the company's production costs, enhance the company's profitability and competitiveness, which is conducive to the company's consolidation and improvement of its market position in the industry and provides support for the company's sustainable and healthy development. |
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List of Attachments (if any) |
None |
| Date |
January 30, 2024 |
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