Record of Investor Relations Activities on August 27, 2024
Time：2024-08-27 18:21
| Stock code: 002886 | Stock abbreviation: WOTE |
Record Form of Investor Relations Activities of Shenzhen WOTE Advanced Materials Co.,Ltd.
NO.: 2024-04
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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, CITIC Securities, Northeast Securities, Great Wall Securities, Guangfa Fund, CICC Fund, Huaan Fund, New Thinker (Hong Kong) Investment, Chengdu Yuzhu Fund, Jiangsu Yangzheng Fund, Jinding Capital, Shanghai Chiyue Investment, Wangyue Investment, Shanghai Jisheng Investment, Xiaoyang Investment, Galaxy Fund, Zhongcai Jingtong Investment, Daxing Huaqi Asset, Huatai Asset, Shanghai Daoren Asset, Suzhou Junrong Asset, Huabao Trust |
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Time |
August 27, 2024 (Tuesday) 15:00 - 16:00 |
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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 briefly introduce the company's operating conditions in the first half of 2024. Hello! In the first half of 2024, the company's strategy of developing a platform for special polymer materials achieved good results. With the rapid growth of demand in downstream industries such as low-altitude economy and new energy vehicles, the company's revenue reached a new high in the first half of the year, reaching 807 million yuan, an increase of 12.23% year-on-year. Among them, with the release of downstream demand, the operating income of the company's special polymer materials increased by 4.61% year-on-year. In particular, the income of materials such as LCP, PPA, and PPS achieved good growth, and the revenue of special polymer materials reached a record high, accounting for as high as 52.05%, and continued to remain at a high level. Thanks to the release of downstream demand driving the growth of sales revenue, the company achieved a net profit attributable to the parent company of 14.8519 million yuan, an increase of 33.78% compared with the same period. At the same time, the net cash flow generated by the company's operating activities during the reporting period was 34.1449 million yuan, an increase of 5.81% year-on-year. Thank you! 2. The growth rate of the special polymer segment is good in the first half of the year. How is the company's current layout and the progress of the downstream? Hello! During the reporting period, the company continued to maintain high R & D investment, firmly implemented the platform strategy for special polymer materials, and gradually realized the release of value. During the reporting period, the operating income of the company's special polymer materials increased by 4.61% year-on-year. In the case of the downstream cyclical impact on the sales of PTFE products, the income of materials such as LCP, PPA, and PPS achieved growth, and the revenue of special polymer materials accounted for 52.05%, stably remaining above 50%. The company continued to promote the construction of a special polymer material platform with LCP, PPA, polysulfone, PAEK, PPS, and PTFE as the core. During the reporting period, the company's fixed increase fundraising project in 2022 continued to advance. Among them, the first phase of the Chongqing LCP project and the first phase of the PEEK project had completed the evaluation of the fire protection, environmental protection, and trial production plans, and the project had entered the trial production period from the construction period. After the trial production period expired, it would apply for the official production license in accordance with relevant regulations. With the continuous enrichment of downstream application scenarios such as low-altitude economy, new energy vehicle power systems and three-electric management, 5G/6G communications, and wearable devices, the downstream application demand for multiple types of special polymer materials such as LCP, PPA, PPS, and PAEK has developed smoothly. The company has rich reserves of polymer material solutions and has been used by customers in batches in multiple industries, promoting the continuous growth of the revenue of special polymer materials. Thank you! 3. The growth of engineering plastic alloys and modified general plastics is also relatively fast. What is the main driving force? Hello! It mainly comes from the increase in revenue from automotive material solutions. The new energy vehicle market is evolving rapidly, and the demand for high-performance materials is constantly increasing. The company has laid out automotive materials from scratch and has now entered the ranks of mainstream automotive manufacturers' suppliers. During the reporting period, with the rapid development of the new energy vehicle industry, the materials of multiple models that the company completed the customer-specified certification have entered the mass production stage, and the revenue of automotive material solutions increased by 62.43% year-on-year, including environmentally friendly interior materials and spray-free materials, which can meet the requirements of lightweight, interior environmental protection, and beautiful appearance. Thank you! 4. After the localization of LCP raw materials, how is the acceptance of downstream customers currently, and has the customer base been expanded? Hello! In the middle of 2023, domestic LCP raw material suppliers solved the problems of BP research and development and production continuity, and achieved stable large-scale production under quality control. At present, the supply problem of BP, one of the company's LCP raw materials, has been completely solved, and normal supply to customers has been achieved. The market's recognition of the localization of LCP is also increasing, laying a good foundation for the growth of LCP product revenue in the first half of the year. With the continuous improvement of the quality and brand recognition of the company's LCP products in the market, and the continuous improvement of the requirements for material performance in emerging industries, LCP continues to cooperate with customers to develop new applications and products based on the original application scenarios such as electronics, communications, and notebook computers. Thank you! 5.What is the company's view on the development trend of the special polymer industry? Hello! On the one hand, the current level of autonomy of China's special polymer materials is still relatively low, and customers' recognition of domestic products is gradually increasing; on the other hand, with the optimization of the upstream process and the layout of production capacity of special polymer materials, the development of downstream demand has also entered a new stage, and customers' requirements for material performance are getting higher and higher. The penetration of special polymer materials continues to increase, and downstream customers and upstream material providers cooperate in research and development and coordinated development. At present, the company's platform strategy for special polymer materials has achieved good development results, and the synergy advantages have been reflected in both the material research and development end and the customer expansion end. With the release of downstream demand, the scale and market share are expected to further increase. Thank you! |
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List of Attachments (if any) |
None |
| Date |
August 27, 2024 |
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