Record of Investor Relations Activities for October 31, 2024
Time：2024-11-01 00:00
| Securities Code: 002886 | Security Abbreviation: Wote Shares |
Record of Investor Relations Activities of Shenzhen Water New Materials Co., Ltd.
Number: May 2024
Investor Relations Activity Category
| □ Targeted Research □ Analyst Conference □ Media Interview □ Earnings Conference □ Press Conference ☑ Roadshow Event □ On-site visit □ Other |
Name of Participating Organization | Guojin Securities, GF Securities, Huaxi Securities, Huabao Trust, Yangzheng Fund, Weisheng Investment, Guangjin Investment, Tuling Asset, Shizheng Investment, Xiaoyang Investment |
Time | Thursday, October 31, 2024, 3:30–4:30 p.m. |
Location | Company Headquarters Conference Room; Online Teleconference |
Name of the接待 personnel for the listed company | Secretary of the Board and Deputy General Manager: Zhang Liang |
Overview of the Main Activities in Investor Relations
| Questions Raised by Investors and the Company’s Responses The company has responded to the questions raised by investors during this roadshow: 1. A brief overview of the company’s key operating performance for the first three quarters of 2024. Good afternoon! In the first three quarters of 2024, the company’s revenue increased by 16.29% year on year, and net profit attributable to shareholders of the listed company, excluding non-recurring items, rose by 41.69% year on year. Specifically, in the third quarter, revenue grew by 23.82% year on year, and net profit attributable to shareholders of the listed company, excluding non-recurring items, surged by 114.79% year on year. Thank you! 2. How is the company’s specialty materials business progressing? Good day! In the first three quarters of 2024, the company’s revenue from specialty polymer materials—including LCP, PPA, and PPS—all posted substantial growth. Notably, the LCP business, following the resolution of raw-material supply issues, has entered a virtuous cycle of development, with gross margin improving markedly year over year. Wotefu’s PTFE business represents a key strategic foothold for the company in the semiconductor sector; in the first half of this year, the company completed a 100% acquisition of Wotefu, and the resulting performance synergies have already begun to materialize in the third quarter. In addition, the company’s Phase I polyether ether ketone (PEEK) synthetic-resin production line has entered the pilot-production phase and is currently applying for a formal production license. The company’s wholly owned subsidiary, Zhejiang Kesa, now boasts capacity to produce and process PAEK-based profiles at the hundred-ton scale, serving customers in precision electronics, information technology, industrial machinery, bearings, and other sectors. Overall, as downstream demand continues to grow, the company is gradually entering a phase of capacity ramp-up. Benefiting from the growth opportunities in sectors such as new-energy vehicles, the low-altitude economy, semiconductors, AI computing power, high-frequency communications, and robotics, the company is poised for robust development. Thank you! 3. How can a company maintain its core competitive advantage? Hello! Our company has consistently placed great emphasis on and maintained substantial investment in technological innovation, steadfastly pursuing research in materials, products, and application technologies. Through continuous R&D and product innovation, we meet our customers’ needs for future product iterations and consistently deliver optimal solutions. In the first three quarters of 2024, R&D spending accounted for nearly 6% of revenue, with ongoing efforts to strengthen our forward-looking initiatives in areas such as the low-altitude economy, high-frequency communications, and healthcare. In addition, the company places great emphasis on cultivating its core technical team, has established and refined a robust R&D system, and continuously enhances the knowledge and skill sets of its technical personnel, thereby building a core technical management team that is technically proficient, highly experienced, and characterized by stability and unity. Thank you! 4. What considerations underlie the company’s donation to Harbin Institute of Technology? Dear Sir/Madam, To strengthen our company’s capability for independent and controllable sourcing of raw materials for specialty polymer materials and to provide assurance for the ongoing development of new technologies and products, our company has made a donation of RMB 1 million through the Harbin Institute of Technology Education Development Foundation to Harbin Institute of Technology (Shenzhen), with the funds earmarked to support research and development in the field of organic polymer materials at Harbin Institute of Technology (Shenzhen). Thank you! 5. Against the backdrop of globalization, has the company made any strategic arrangements? Hello! In recent years, the company has maintained an unwavering commitment to global business expansion, continuously delivering optimized new-material solutions and value-added services to customers worldwide. The acquisition of Watertech is a key component of this strategy, enabling the company to progressively establish a robust presence in the fluorinated materials sector across the Asia-Pacific and European regions and to strengthen the adoption and promotion of its products in high-tech fields such as semiconductors and new energy. Over the past two years, the establishment of a production base in Vietnam has further integrated the company’s accumulated global market strengths, unlocking greater production capacity and reinforcing its new-materials platform strategy—making it a pivotal step in the company’s global industrial footprint. These strategic initiatives reflect the company’s ongoing expansion of its global footprint. On the one hand, they emphasize the localization of our operations, which helps us better meet the order requirements of our international customers. On the other hand, they focus on continuously building and refining our global customer and sales network, enabling us to more effectively attract and integrate global resources, reduce production costs, and enhance our profitability and core competitiveness. Thank you! |
List of Attachments (if any) | None |
Date | October 31, 2024 |
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