Company Overview - Watte Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on December 28, 2001. The company was listed on June 27, 2017. Its main business involves the research, development, production, and sales of high-performance functional polymer materials [1] - The company's main business revenue comes entirely from the new materials industry, accounting for 100% [1] Financial Performance - As of June 30, the number of shareholders for Watte Co., Ltd. reached 32,400, an increase of 4.80% compared to the previous period. The average number of circulating shares per person decreased by 4.58% to 6,447 shares [2] - For the first half of 2025, Watte Co., Ltd. achieved operating revenue of 906 million yuan, representing a year-on-year growth of 12.29%. The net profit attributable to the parent company was 18.41 million yuan, an increase of 23.94% year-on-year [2] Stock Performance - On September 16, Watte Co., Ltd.'s stock price increased by 2.08%, reaching 23.58 yuan per share, with a trading volume of 217 million yuan and a turnover rate of 4.48%. The total market capitalization is 6.206 billion yuan [1] - Year-to-date, the stock price has risen by 42.24%. In the last five trading days, it has decreased by 2.72%, while it has increased by 5.93% over the last 20 days and by 25.83% over the last 60 days [1] Dividend Information - Since its A-share listing, Watte Co., Ltd. has distributed a total of 68.40 million yuan in dividends. Over the past three years, the cumulative dividend payout has been 16.28 million yuan [3] Industry Classification - Watte Co., Ltd. is classified under the Shenwan industry as basic chemicals - plastics - modified plastics. The company is involved in several concept sectors, including melt-blown fabric, PEEK concept, graphene, carbon-based materials, and solar energy [1]

Core Viewpoint - The company has announced that its LCP materials are being utilized in the fields of chip and server cooling [1] Group 1 - The company is actively engaging with investors through its interactive platform [1] - The application of LCP materials indicates a focus on advanced technology sectors [1]

Core Viewpoint - The company is actively expanding its market for specialized high polymer materials used in server cooling and data transmission components [1] Group 1 - The company's specialized high polymer materials can be utilized for server cooling and data transmission components [1] - The company plans to acquire Walka Sealing Products (Shanghai) Co., Ltd., which manufactures corrugated pipes for server liquid cooling connections [1] - The company is currently focusing on actively developing related markets [1]

Group 1 - The core point of the article is that Waton Co., Ltd. (002886.SZ) has announced on its investor interaction platform that its downstream customers plan to use related products for humanoid robots [1] Group 2 - The announcement indicates a potential expansion of the company's product applications into the robotics sector, which may enhance growth opportunities [1] - This development could signify a shift in market demand towards advanced robotics, reflecting broader industry trends [1] - The company's engagement with customers in innovative applications suggests a proactive approach to adapting to emerging technologies [1]

Group 1 - The company,沃特股份 (002886.SZ), primarily uses its materials for customer connector products [1]

Group 1 - The company has indicated that its specialty high polymer materials can be used in server cooling and data transmission components [2] - The company is in the process of acquiring Walka Sealing Products (Shanghai) Co., Ltd., which produces corrugated pipes that can be used for liquid cooling connections in servers [2] - The company is actively exploring related markets for these applications [2]

Group 1 - The company has achieved breakthroughs in humanoid robot technology, resulting in a 15% reduction in overall weight and a 30% improvement in battery life [2] - The company confirmed that its downstream clients plan to utilize the related products in humanoid robots [2]

Core Viewpoint - The company, Watte Co., Ltd. (002886.SZ), is enhancing its semiconductor business by acquiring 100% equity of Walka Sealing Products (Shanghai) Co., Ltd. for 25.716 million yuan, aiming to strengthen its position in the semiconductor industry and improve global competitiveness [1][2][3]. Acquisition Details - The acquisition is intended to bolster the company's semiconductor sector and enhance its global competitiveness [2][4]. - The purchase price of 25.716 million yuan is significantly lower than the assessed value of 48.2842 million yuan, reflecting an 80.57% appreciation [3]. - The sealing company has faced declining performance, with revenues of 211 million yuan in 2023 and a net profit of -29.0054 million yuan in 2024 [3]. Financial Performance - In the first half of 2025, the company reported revenues of 906 million yuan, a year-on-year increase of 12.29%, with special polymer materials accounting for 48.93% of total revenue [2][6]. - The net profit for the same period was 18.41 million yuan, representing a 23.94% increase year-on-year [6]. - The company’s cash flow from operating activities reached 63.9923 million yuan, up 87.41% year-on-year [6]. R&D Investment - The company has consistently increased its R&D investment, with expenses rising from 31.09 million yuan in 2017 to 116 million yuan in 2024, and 55.9804 million yuan in the first half of 2025 [8]. - R&D expenses accounted for 6.18% of revenue in the first half of 2025, marking seven and a half years of continuous growth [8]. Product and Market Development - The company has launched new production lines for LCP and PEEK resins, contributing to a diverse range of products and applications [7]. - In the first half of 2025, revenue from special polymer materials, engineering plastic alloys, and modified general plastics was 443 million yuan, 250 million yuan, and 160 million yuan, respectively, with respective year-on-year growth rates of 5.55%, 29.19%, and 9.24% [7].

人民财讯9月8日电，沃特股份（002886）9月8日在路演活动中表示，针对机器人旋转电机小型化、轻量 化的要求，公司开发的高流动性电机定子包胶材料，有效降低定子包胶厚度至0.1毫米，降低绝缘层重 量30%—50%，提升定子绕线满槽率30%—40%，相关产品已经得到中国和美国机器人产业链客户的认 可。围绕机器人客户对于轻量化、高精度、高效率的多样化需求，公司已开发出不同材料方案以满足客 户要求，目前已开始向部分机器人客户小批量交付订单。随着终端客户需求的逐步释放，公司相关材料 在机器人领域的应用也将拥有更为广阔的市场空间。 ...

Group 1: Acquisition Background - The acquisition target is Warka Sealing Products (Shanghai) Co., Ltd., a core sealing manufacturing base of Warka Corporation, established in 1927 with a registered capital of 139.57 billion yen [2][3] - The company has built a strong reputation in the semiconductor and nuclear energy sectors, providing deep service to globally recognized advanced manufacturing clients [3] Group 2: Purpose of Acquisition - The acquisition aims to create a complete semiconductor component solution, covering cleaning equipment and storage tanks, enhancing the company's value chain in PEEK material applications [3][4] - The sealing company has approximately 38,000 square meters of land in Shanghai, with 20,000 square meters of cleanroom facilities, addressing production space shortages for semiconductor products [4] Group 3: Operational Arrangements Post-Acquisition - The sealing company will continue to play a role in the supply chain while leveraging advanced technology and quality products to enhance the domestic semiconductor and nuclear energy industries' self-sufficiency [4] Group 4: Developments in Robotics Materials - The company has developed high-flow motor stator encapsulation materials that reduce encapsulation thickness to 0.1 mm, decreasing insulation layer weight by 30%-50% and increasing winding fill rate by 30%-40% [5] - These materials have gained recognition from clients in the Chinese and American robotics supply chains, with small batch orders already initiated [5]