Core Viewpoint - Wankai New Materials (301216) has reported a turnaround in its financial performance, projecting a net profit attributable to shareholders of approximately 156-203 million yuan for the fiscal year 2025, compared to a loss in the previous year, indicating a significant value reconstruction behind this performance [3][4]. Group 1: Business Model and Market Position - Wankai operates as a PET material supplier, playing a crucial yet low-profile role in everyday consumer products such as beverage containers and packaging materials [3][4]. - The company has established a stable supply relationship with leading beverage and tea brands through its core product, food-grade PET, which has resulted in predictable cash flow and stable orders [7]. - Despite operational efficiency, Wankai's valuation has been constrained due to the cyclical nature of PET pricing, which is influenced by crude oil and energy costs, limiting its perceived growth potential [8][9]. Group 2: Strategic Adjustments and Future Directions - Wankai is undergoing systematic adjustments to its business structure, aiming to enhance its profit sources beyond the cyclical nature of its traditional operations [11][12]. - The company is expanding upstream by launching a MEG project in Sichuan, creating a complete industrial chain from natural gas to polyester, and is also diversifying its market presence internationally to mitigate regional risks [12][14]. - The core business remains focused on PET, but the strategic adjustments aim to smooth out cyclical fluctuations and improve operational resilience [14]. Group 3: New Business Paths - Wankai is exploring three new business paths starting in 2025, which include transitioning from petrochemical cycles to natural gas chemical tracks, thereby leveraging low-cost natural gas as a core resource [16][17]. - The company is also venturing into recycled circular materials through collaboration with Carbios, which allows for the recycling of PET back to its original molecular state, thus changing the pricing logic away from oil dependency [24][26]. - Additionally, Wankai is targeting high-demand application scenarios, such as materials for robotics and 3D printing, which are less influenced by crude oil prices and more dependent on technological advancements [28][30]. Group 4: Market Perception and Valuation - The capital market's perception of Wankai has shifted significantly since early 2025, reflecting a growing understanding of its business structure and development paths [33]. - Future valuation will depend on the successful monetization of new business models rather than merely the transition itself, indicating a migration in pricing strategies [34][35].

1月15日，万凯新材（301216）发布最新业绩报告，预计2025年度全年归属上市公司股东净利润约为 1.56-2.03亿元，相比于上年同期的亏损状况，实现了扭亏为盈。 对于大众来说，"万凯新材"是一个并不具备强烈辨识度的名字。但在日常生活中，这家公司却以一种几 乎"隐形"的方式，频繁出现在我们的消费场景里：农夫山泉的瓶体、星巴克和瑞幸不断更换的透明杯 材、新茶饮高峰期大量消耗的吸管与包装材料，背后都绕不开这家PET材料供应商。 这正是万凯过去长期所处的位置：在消费链条中高度存在，在公众认知中却极为低调。 而在最新披露的业绩与经营信息中，一个值得注意的变化正在发生：万凯的资源投向和业务重心，开始 出现系统性的调整。这种调整尚未完全体现在利润数字上，但已经在资本开支结构、技术路线选择以及 中长期业务布局中逐渐显现。 也正因为如此，一个问题开始变得重要：当一家长期被视为"周期型材料制造商"的企业，开始主动重塑 自身利润结构时，市场是否仍然可以沿用旧有的判断方式去看待它？ 大众熟悉的"陌生面孔" 开始重新生长 万凯新材发布最新业绩报告： 业绩转正背后的价值重构。 从商业逻辑上看，万凯走的是一条高度成熟、但并不复杂的 ...

两融数据显示，该股最新（1月19日）两融余额为6.16亿元，其中，融资余额为6.15亿元，近10日减少 4736.80万元，环比下降7.15%。 公司发布的三季报数据显示，前三季度公司共实现营业收入124.36亿元，同比下降5.43%，实现净利润 7759.44万元，同比增长183.45%，基本每股收益为0.1500元，加权平均净资产收益率1.45%。 1月16日公司发布2025年业绩预告，预计实现净利润1.56亿元至2.03亿元，同比变动区间为 152.10%~167.67%。（数据宝） 万凯新材股价创出历史新高，截至10:34，该股上涨4.34%，股价报23.78元，成交量1337.81万股，成交 金额3.13亿元，换手率2.44%，该股最新A股总市值达137.97亿元，该股A股流通市值130.39亿元。 证券时报·数据宝统计显示，万凯新材所属的基础化工行业，目前整体跌幅为0.43%，行业内，目前股价 上涨的有165只，涨停的有江天化学、宏柏新材等10只。股价下跌的有261只，跌幅居前的有神剑股份、 博菲电气、东材科技等，跌幅分别为9.99%、9.92%、8.43%。 （文章来源：证券时报网） ...

1月20日，万凯新材涨5.27%，截至发稿，报23.99元/股，成交3.31亿元，换手率2.58%，总市值139.19亿 元。万凯新材股价已经连续4天上涨，区间累计涨幅11.55%。 资料显示，万凯新材料股份有限公司位于浙江省嘉兴市海宁市尖山新区闻澜路15号，成立日期2008年3 月31日，上市日期2022年3月29日，公司主营业务涉及聚酯材料的研发、生产、销售。主营业务收入构 成为：瓶级PET97.51%，大有光PET2.04%，其他(补充)0.44%，其他PET0.00%。 从基金十大重仓股角度 霍顺朝累计任职时间2年287天，现任基金资产总规模313.72亿元，任职期间最佳基金回报26.96%， 任 职期间最差基金回报0.07%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，国联基金旗下1只基金重仓万凯新材。国联鑫价值混合A（004836）三季度持有股数6049 股，占基金净值比例为0.56%，位居第一大重仓股。根据测算，今日浮盈赚 ...

Core Viewpoint - Wan Kai New Materials (301216.SZ) has turned losses into profits in 2025, with an expected net profit attributable to shareholders of 156 million to 203 million yuan, driven by industry recovery and strategic initiatives [1][2]. Group 1: Financial Performance - The company anticipates a net profit of 156 million to 203 million yuan for 2025, marking a turnaround from previous losses [1]. - The polyester bottle chip industry is experiencing improved supply-demand dynamics, which has laid the foundation for Wan Kai's performance reversal [1]. Group 2: Operational Strategies - Wan Kai New Materials has optimized its industrial chain and implemented precise cost control measures, contributing to its profitability rebound [1]. - The company has established a stable supply of upstream raw materials through its subsidiary Zhengda Kai's 600,000-ton MEG project, which enhances supply stability and reduces raw material cost fluctuations [2]. Group 3: Market Position and International Expansion - Wan Kai has become a stable supplier for globally recognized beverage companies such as Nongfu Spring, Coca-Cola, and Wahaha, creating strong collaboration barriers through a rigorous customer certification system [2]. - The company has maintained over 30% of its revenue from overseas markets for several years, with foreign income consistently exceeding 3.4 billion yuan from 2021 to 2024 [2]. Group 4: New Growth Areas - Wan Kai is advancing in the new materials sector and has entered the robotics industry, aiming to create new growth drivers [3]. - The company has formed a strategic partnership with Carbios to leverage its bio-enzymatic technology for high-end recycled materials, with project construction expected to start in Q1 2026 [3]. - A 350 million yuan investment in an oxalic acid project based on the company's glycol facility is anticipated to benefit from stable demand in the new energy materials sector [3]. Group 5: Technological Advancements - Wan Kai is enhancing product value through dual advantages in foundational and industrialized technologies, providing solid technical support for business structure upgrades [4].

数据显示，国联基金旗下1只基金重仓万凯新材。国联鑫价值混合A（004836）三季度持有股数6049 股，占基金净值比例为0.56%，位居第一大重仓股。根据测算，今日浮盈赚取约6653.9元。连续3天上涨 期间浮盈赚取9436.44元。 国联鑫价值混合A（004836）成立日期2018年3月9日，最新规模1032.82万。今年以来收益0.53%，同类 排名7974/9009；近一年收益5.2%，同类排名7274/8164；成立以来收益2.08%。 国联鑫价值混合A（004836）基金经理为潘巍、霍顺朝。 1月19日，万凯新材涨5%，截至发稿，报23.09元/股，成交3.13亿元，换手率2.57%，总市值133.97亿 元。万凯新材股价已经连续3天上涨，区间累计涨幅7.64%。 资料显示，万凯新材料股份有限公司位于浙江省嘉兴市海宁市尖山新区闻澜路15号，成立日期2008年3 月31日，上市日期2022年3月29日，公司主营业务涉及聚酯材料的研发、生产、销售。主营业务收入构 成为：瓶级PET97.51%，大有光PET2.04%，其他(补充)0.44%，其他PET0.00%。 从基金十大重仓股角度 截至发稿，潘巍累计 ...

Group 1 - Huasheng Tiancheng's AI-related revenue currently accounts for a low proportion of overall revenue, indicating that it does not significantly impact the company's performance [2] - CICC's merger with Dongxing Securities and Xinda Securities is still undergoing audit work, which has not yet been completed [2] - Xinhua Department Store confirmed that there are no undisclosed major matters related to semiconductor asset injections, addressing market rumors [3] Group 2 - Zhong Rare Metals signed a strategic cooperation agreement with Xian Dao Group to enhance market share and industry influence in rare metals [4] - Zhongtian Rocket reported losses in its carbon/carbon thermal field materials business due to intensified competition in the photovoltaic industry [5] - Zhongyuan Nepe proposed to acquire 59% of Zhongyuan Jikean's equity for 143 million yuan, which will make it a wholly-owned subsidiary [5] Group 3 - Jiangxi Copper's subsidiary signed a cooperation agreement with First Quantum Minerals for exploration projects [6] - China Nuclear Power's Jiangsu Xuwei Nuclear Energy Heating Power Plant's first unit is set to pour its first concrete on January 16, 2026 [6] - ST Aowei's stock may be delisted if it continues to trade below par value [6] Group 4 - Triangle Tire plans to invest 3.219 billion yuan in a new high-performance tire project in Cambodia, expected to generate annual revenue of 2.585 billion yuan [7] - Baoxin Technology intends to publicly sell part of its subsidiary's assets, with a valuation of 50.2334 million yuan [7] - Nong Shang Environment's computing infrastructure project has not progressed as planned due to funding issues [8] Group 5 - Golden Dragon Fish plans to transfer stakes in two subsidiaries to Mars China for a total of 60 million USD, which is expected to impact its 2026 earnings significantly [8] - Jin Dao Technology intends to issue convertible bonds to raise up to 306 million yuan for various projects [8] - Aerospace Information expects a net loss of 700 million to 980 million yuan for 2025 due to industry changes [10] Group 6 - Tianji Co. forecasts a net profit of 70 million to 105 million yuan for 2025, recovering from a previous loss [10] - Muyuan Foods anticipates a net profit decrease of 12.2% to 17.79% for 2025 [11] - SAIC Group expects a net profit increase of 438% to 558% for 2025, driven by sales growth [12] Group 7 - Haolaike expects a significant drop in net profit for 2025, projecting a decrease of 75.16% to 83.23% [13] - Hainan Development anticipates a net loss of 440 million to 565 million yuan for 2025 [13] - Shuangliang Energy expects to report a loss for 2025 [14] Group 8 - Aijian Group also anticipates a loss for 2025 [14] - Meijin Energy forecasts a net loss of 850 million to 1.25 billion yuan for 2025 [14] - Kunlun Wanwei expects to report a loss for 2025 [14] Group 9 - Xue Rong Biological expects a net profit of 29 million to 40 million yuan for 2025, recovering from a previous loss [15] - Xin Nuo Wei anticipates a net loss of 170 million to 255 million yuan for 2025 due to increased R&D expenses [15] - Shengnuo Biological expects a net profit increase of 204.42% to 280.53% for 2025 [16] Group 10 - Longyuan Construction forecasts a net loss of 1 billion to 1.5 billion yuan for 2025 [17] - Kosen Technology expects a net loss of 245 million to 330 million yuan for 2025 [17] - Daqian Ecology anticipates a net loss of 100 million to 120 million yuan for 2025 [17] Group 11 - Lianfa Co. expects a net profit increase of 38.92% to 58.77% for 2025 [18] - Chongqing Steel anticipates a net loss of 2.5 billion to 2.8 billion yuan for 2025, but expects to reduce losses compared to the previous year [18] - Tongxing Technology forecasts a net profit increase of 74.2% to 125.44% for 2025 [19] Group 12 - Siyuan Electric expects a net profit of 3.163 billion yuan for 2025, a 54.35% increase year-on-year [19] - Luoyang Molybdenum expects a net profit increase of 47.8% to 53.71% for 2025 [20] - Nawei Technology anticipates a net profit increase of 54.51% to 75.03% for 2025 [20] Group 13 - Jingjia Micro expects a net loss of 120 million to 180 million yuan for 2025 [21] - Southwest Securities forecasts a net profit increase of 47% to 57% for 2025 [22] - Wankai New Materials expects a net profit of 156 million to 203 million yuan for 2025, recovering from a previous loss [22] Group 14 - Yilian Network anticipates a slight decrease in net profit for 2025, projecting a decline of 0% to 4% [23] - Baofeng Energy expects a net profit increase of 73.57% to 89.34% for 2025 [23] - Sanmei Co. forecasts a net profit increase of 155.66% to 176.11% for 2025 [23] Group 15 - Zhenyu Technology expects a net profit increase of 96.89% to 116.58% for 2025 [24] - Fute Technology anticipates a net profit increase of 121.98% to 164.26% for 2025 [24] - Guoli Electronics expects a net profit increase of 124.89% to 164.57% for 2025 [24] Group 16 - Shenyu Co. expects a slight decrease in net profit for 2025, projecting a decline of 0.05% to 11.37% [25] - Rongchang Biological plans to increase its share repurchase price limit to 116 yuan per share [26] - Defu Technology plans to repurchase shares for 75 million to 150 million yuan [26] Group 17 - ST Chengchang's stock will resume trading on January 16 after completing a trading fluctuation investigation [27] - Zhi Te New Materials will also resume trading on January 16 after confirming no major changes in business operations [27] - Lio Co. will suspend trading starting January 16 for stock fluctuation investigation [27]

证券日报网讯1月15日，万凯新材（301216）发布2025年度业绩预告称，公司预计2025年度归属于上市 公司股东的净利润为15，630万元至20，300万元。 ...

Core Viewpoint - Wankai New Materials (301216.SZ) expects a net profit attributable to shareholders of 156.3 million to 203 million yuan in 2025, marking a turnaround from losses in the previous year [1] Financial Performance - The company anticipates a net profit of 37 million to 55.5 million yuan after deducting non-recurring gains and losses, also indicating a return to profitability year-on-year [1] - Non-recurring gains and losses are expected to impact net profit by approximately 146 million yuan, primarily due to government subsidies and gains from raw material futures and foreign exchange hedging [1] Industry Context - The capacity expansion for polyester bottle chips is nearing completion, and the industry is experiencing a recovery in market conditions [1] - The company is focusing on efficiency, enhancing cost control, and adjusting production and sales rhythm as needed [1] - The MEG Phase I project, with a capacity of 600,000 tons, is set to commence production in the second half of the year, further strengthening the company's low-cost and high-efficiency operational advantages [1]

万凯新材（301216）(301216.SZ)发布2025年度业绩预告，预计全年归属于上市公司股东的净利润1.56亿 元至2.03亿元，同比扭亏为盈。报告期内，聚酯瓶片本轮产能投放基本结束，行业景气度有所复苏。公 司坚持以效益为中心，加强成本管控，适时调整产销节奏，同时，MEG一期60万吨项目下半年投产， 进一步强化了公司低成本、高效率的运营优势，主营业务实现扭亏为盈。 ...