Record of Investor Relations Activities on February 28, 2024
Time：2024-02-28 23:21
| Stock code: 002886 | Stock abbreviation: WOTE |
Record Form of Investor Relations Activities of Shenzhen WOTE Advanced Materials Co.,Ltd.
NO.: 2024-02
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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, BOCOM Schroders, CICC, ChinaAMC, E Fund, Everbright Pramerica, CITIC Construction Investment Securities, GF Securities, Haitong Securities, Shenwan Hongyuan Securities, Green Fund, Taikang Asset, GF Fund, Great Wall Wealth Insurance, Hainan Qianxin Fund, Huabao Trust, Shenzhen Ruixin Zhiyuan Fund, Zhejiang Longhang Asset, Guojin Fund, CITIC Trust, Guangdong Zhengyuan, Everbright Securities, Chunhou Fund, Hualong Securities, Xiaoyang Investment, Xiaoyang Technology, Beijing Heju Fund, Yangzheng Fund, Shanghai Chunda Asset, Hangzhou Shinian Investment, Guohua Xingyi, China Netherlands Life, Heyong Investment, Xiamen Shuanghongyuan Investment, Dongzheng Ronghui, PICC Asset Management, New China Fund, BOC Asset Management. |
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Time |
February 28, 2024 (Wednesday) 21:00 - 22:00 |
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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 situation of the company's acquisition of the remaining 49% equity of Wote Huaben. Hello! The company intends to acquire the 49% equity of Wote Huaben held by Valqua Corporation with its own funds of 60.266 million yuan (including tax) and sign the "Equity Transfer Agreement" and other relevant agreements. The original parent company of Wote Huaben, Valqua Corporation (stock code: 7995 in the Prime Market section of the Tokyo Stock Exchange), is a world-leading component enterprise for semiconductor equipment and the original global sole self-owned manufacturing base of Valqua Corporation in the field of fluororesin materials. After the completion of this transaction, the company will hold 100% of the equity of Wote Huaben, and Wote Huaben will become a wholly-owned subsidiary of the company. Thank you! 2. Please introduce the operating situation of Wote Huaben since the company acquired 51% of its shares in 2022? Hello! In August 2022, Shanghai Valqua (later renamed Wote Huaben) has completed the industrial and commercial change registration procedures, and the company holds 51% of the equity of Shanghai Valqua, and Wote Huaben has become a holding subsidiary of the company and is included in the company's consolidated financial statements. 2023 is the first complete accounting year after the company holds Wote Huaben, and Wote Huaben achieved operating income of 181 million yuan, an increase of 5.68% year-on-year, and a net profit of 19.5515 million yuan, an increase of 315.39% year-on-year. Thank you! 3. Please introduce the strategic intention of the company's acquisition of the remaining 49% shares of Wote Huaben this time. Hello! After the completion of this transaction, the company will hold 100% of the equity of Wote Huaben, which is in line with the company's established development strategy, is conducive to improving the company's equity structure, and the net profit attributable to the company is expected to further increase, thereby further enhancing the company's profitability and competitiveness, effectively enhancing and stabilizing its market position, and thus achieving the rapid development of the company as a whole. After the completion of this transaction, Wote Huaben will become a wholly-owned subsidiary of the company, which is conducive to increasing the equity of the listed company and improving the efficiency of business decision-making, further supporting and promoting the development of the company's core business, and meeting the needs of the company's production and operation. After the completion of this transaction, the company's equity in Wote Huaben will increase from 51% to 100%, and the company's main business and consolidated financial statement scope will not change, but the proportion of Wote Huaben's net assets and operating results included in the shareholders' equity and net profit attributable to the listed company will increase. As a major subsidiary of the company, Wote Huaben has strong profitability and high asset quality. It is expected that the profitability of the listed company will be further enhanced after the completion of this transaction. Thank you! 4. What is the production rhythm of the company's Chongqing base this year? Hello! The special polyamide project at the company's Chongqing base has been put into production and the construction of the second-phase project is underway. The first-phase project of LCP materials has completed the evaluation of fire protection, environmental protection, and trial production plan, and is waiting to obtain the formal production license. The PEEK material project has completed the acceptance of fire protection and environmental protection, and is organizing the evaluation of the trial production plan as planned, and is expected to be put into production in the second quarter of this year. Thank you! |
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List of Attachments (if any) |
None |
| Date |
February 28, 2024 |
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