Group 1 - The core viewpoint of the article is that Wankai New Materials (301216) has released a performance forecast for the year 2025, estimating a net profit attributable to shareholders of the listed company to be between 156.3 million yuan and 203 million yuan [1] Group 2 - The expected net profit range for 2025 indicates a positive outlook for the company's financial performance [1] - The forecasted figures suggest a potential growth opportunity for investors considering the company's future profitability [1] - The announcement reflects the company's strategic planning and confidence in its operational capabilities moving forward [1]

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。 ...

每经AI快讯，1月15日，万凯新材（301216）(301216.SZ)公告称，万凯新材发布2025年度业绩预告，预 计归属于上市公司股东的净利润为1.56亿元-2.03亿元，同比扭亏为盈。报告期内，聚酯瓶片产能投放基 本结束，行业景气度复苏，公司加强成本管控，调整产销节奏，MEG一期项目投产强化低成本运营优 势，主营业务实现盈利。非经常性损益影响约1.46亿元，主要为政府补助及套期保值收益。 ...

证券代码：301216 证券简称：万凯新材 公告编号：2026-002 债券代码：123247 债券简称：万凯转债 万凯新材料股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 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。 2、非经常性损益影响 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于扭亏为盈情形 单位：万元 | 项 目 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | 15,630 | ～ | 20,300 | -29,997.48 | | 扣除非经常性损益后的净利润 | 3,700 | ～ | 5,550 | -21,409.86 | 二、与会计师事务所沟通情况 本次业 ...

Industry Investment Rating - The industry investment rating is "Outperform" and is maintained [2] Core Views - The basic chemical industry index closed at 4569.80 points, up 4.21% from last week, outperforming the CSI 300 index by 2.35% [17] - Among the 25 sub-industries in the chemical sector, all showed gains, with inorganic salts, modified plastics, synthetic resins, and chlor-alkali leading the way with weekly increases of 10.92%, 9.94%, 7.87%, and 7.60% respectively [18][19] - A total of 462 stocks in the chemical sector saw 400 stocks rise (87%) and 57 stocks fall (12%) during the week [21] Summary by Relevant Sections Weekly Chemical Market Overview - The basic chemical industry index rose to 4569.80 points, marking a 4.21% increase compared to the previous week, and outperformed the CSI 300 index by 2.35% [17] - The weekly performance of 25 sub-industries showed no declines, with significant gains in inorganic salts and modified plastics [18][19] Chemical Product Price Trends - Among 380 tracked chemical products, 89 saw price increases while 70 experienced declines [24] - The top ten products with the highest price increases included lithium manganate and lithium battery electrolytes, with increases ranging from 7% to 22% [25] - Conversely, the top ten products with the largest price declines included vitamin VD3 and lithium hexafluorophosphate, with declines ranging from 4% to 13% [26] Key Chemical Sub-Industry Tracking - The polyester filament market remained stable, with average prices for POY, FDY, and DTY showing slight declines [27] - The average industry operating rate for polyester filament was approximately 88.11%, with some facilities undergoing maintenance [28] - The average processing margin for polyester products indicated a slight improvement in profitability compared to the previous week [29] Tire Industry Insights - The operating rates for the full steel tire industry decreased to 55.50%, while the semi-steel tire industry dropped to 63.78% [38] - Export volumes from major tire companies in Southeast Asia showed significant year-on-year declines [39] - The average price of styrene-butadiene rubber increased by approximately 2.45% during the week [40] Refrigerant Market Overview - The R22 refrigerant market remained weak, with prices stabilizing at low levels due to cautious market sentiment [47] - In contrast, the R134a refrigerant market continued to rise, with major producers increasing prices amid tight supply conditions [48]

Investment Rating - The report maintains a neutral outlook on the oil and chemical industry for 2026, with specific recommendations for various companies based on their performance and market conditions [10]. Core Insights - OPEC+ has decided to continue its production cuts, with a focus on cautious and flexible adjustments based on market conditions. The group has reaffirmed its commitment to compensate for overproduction since January 2024, which is expected to support oil prices in the short term [2][5]. - The downstream polyester sector is tightening in supply and demand, with expectations for improvement in market conditions. Key recommendations include high-quality companies in polyester filament and bottle-grade materials [10]. - The report highlights that oil prices are expected to stabilize, with a limited downside, and suggests focusing on companies with strong dividend yields and improving operational quality [10]. Summary by Sections OPEC+ Production Plans - OPEC+ has confirmed a pause in its planned production increase of 1.65 million barrels per day for February and March 2026 due to seasonal demand weakness. The group emphasizes the need for full compensation for overproduction since January 2024 [2][5]. - The actual production for Q1 2026 is expected to be lower than nominal quotas, with adjustments in compensation plans leading to a reduction of 0.1-0.2 million barrels per day compared to nominal quotas [5]. Price Trends - As of January 9, 2026, Brent crude oil futures closed at $63.34 per barrel, reflecting a week-on-week increase of 4.26%. WTI futures rose to $59.12 per barrel, up 3.14% [14]. - The report notes that the average price for Brent and WTI for the week was $61.55 and $57.66 per barrel, respectively, indicating slight fluctuations in the market [14]. Company Recommendations - The report recommends focusing on high-quality companies in the polyester sector, such as Tongkun Co. and Wankai New Materials, as well as major refining companies like Hengli Petrochemical and Rongsheng Petrochemical, which are expected to benefit from improved cost structures and competitive advantages [10]. - It also highlights the offshore oil service sector, suggesting continued optimism for companies like CNOOC Services and Haiyou Engineering due to high capital expenditures in offshore exploration [10]. Market Dynamics - The report indicates that the U.S. oil production for January 2, 2026, was 13.81 million barrels per day, showing a slight decrease from the previous week but a year-on-year increase of 330,000 barrels per day [23]. - The number of active oil rigs in the U.S. decreased to 544, down 2 from the previous week and down 40 year-on-year, indicating a potential slowdown in exploration activities [25]. Valuation Metrics - The report provides a valuation table for key companies in the oil and chemical sector, detailing market capitalization, earnings per share (EPS), and price-to-earnings (PE) ratios for companies like China National Petroleum and Hengli Petrochemical [11].

Investment Rating - The report maintains a positive outlook on the oil and petrochemical industry, indicating a favorable investment rating due to clear short-term support from the oil supply side [2][3]. Core Insights - OPEC+ continues to pause production increases, with a focus on compensating for overproduction since January 2024, which strengthens short-term supply support [2][3]. - The upstream sector is experiencing rising oil prices, while day rates for self-elevating drilling rigs are declining, indicating a mixed outlook for drilling services [2][13]. - The refining sector shows a decrease in overseas refined oil crack spreads, while olefin spreads are increasing, suggesting a potential improvement in refining profitability [2][47]. - The polyester sector is witnessing a decline in PTA profitability but an increase in polyester filament profitability, indicating a need for close monitoring of demand changes [2][10]. Summary by Sections Upstream Sector - Brent crude oil futures closed at $63.34 per barrel, up 4.26% week-on-week, while WTI futures rose 3.14% to $59.12 per barrel [13]. - U.S. commercial crude oil inventories decreased by 3.83 million barrels to 419 million barrels, which is 3% lower than the five-year average [14]. - The number of active U.S. drilling rigs decreased to 544, down 2 rigs from the previous week and down 40 rigs year-on-year [27]. Refining Sector - The Singapore refining margin for major products was $11.04 per barrel, down $4.15 from the previous week [49]. - The U.S. gasoline RBOB-WTI spread increased to $15.4 per barrel, up $1.3 from the previous week, but still below the historical average of $24.5 per barrel [52]. - The olefin sector shows a positive trend with an increase in the ethylene-crude oil spread, indicating potential profitability improvements [57]. Polyester Sector - PTA prices have declined, with the average price in East China at 5069.25 CNY per ton, down 0.75% week-on-week [2]. - The polyester filament POY spread increased to 905 CNY per ton, up 17 CNY from the previous week, indicating a slight improvement in profitability [2][10]. - The overall performance of the polyester industry is average, with expectations for gradual improvement as new capacity comes online [2][10]. Investment Recommendations - The report recommends focusing on high-quality companies in the polyester sector, such as Tongkun Co. and Wankai New Materials, due to tightening supply and demand conditions [10]. - It suggests monitoring large refining companies like Hengli Petrochemical and Rongsheng Petrochemical, which may benefit from improved cost structures and competitive advantages [10]. - The upstream exploration and development sector remains robust, with recommendations for offshore oil service companies like CNOOC Services and Offshore Engineering [10].

2023年5月31日，万凯新材公告分红方案，每10股派息(税前)3元，转增5股。股权登记日为2023年6 月6日，除权除息日为2023年6月7日。 2024年9月4日，万凯新材披露《向不特定对象发行可转换公司债券上市公告书》。本次发行可转债 募集资金总额（含发行费用）不超过人民币27亿元（含27亿元），扣除发行费用后的募集资金净额将用 于年产120万吨MEG联产10万吨电子级DMC新材料项目（一期）（MEG一期60万吨项目）、补充流动 资金项目，上市时间为2024年9月5日。 万凯新材于2022年3月29日在深交所创业板上市，公开发行股票8585万股，发行价格为35.68元/ 股，保荐机构（主承销商）为中国国际金融股份有限公司，保荐代表人为张磊、杨磊杰。 万凯新材首次公开发行股票募集资金总额为30.63亿元，募集资金净额为29.15亿元，超募14.11亿 元。万凯新材于2022年3月23日发布的招股说明书显示，该公司拟募集资金15.04亿元，分别用于年产 120万吨食品级PET高分子新材料项目（二期）、多功能绿色环保高分子新材料项目、补充流动资金。 万凯新材首次公开发行股票的发行费用总额为1.48亿元，其中， ...

中国国际金融股份有限公司 关于万凯新材料股份有限公司 2025 年度持续督导培训情况的报告 深圳证券交易所: 中国国际金融股份有限公司(以下简称"中金公司")根据《深圳证券交易所 上市公司自律监管指引第 13 号 -- 保荐业务》对万凯新材料股份有限公司(以 下简称"万凯新材"、"公司"）的控股股东、实际控制人、董事、高级管理人员及 关键岗位人员进行了 2025年度持续督导培训,报告如下: 3、介绍了上市公司规范运作、三会运作、董监高任职行为规范等相关监管 法规内容; 4、介绍了股份买卖、内幕交易等相关监管法规内容; 一、本次持续督导培训的基本情况 实施本次现场培训前,中金公司编制了培训讲义,并提前要求万凯新材参与 培训的相关人员了解培训相关内容。 本次现场培训手 2025年 12月 30日在公司办公地(浙江省海宁市尖山新区 闻澜路 15号万凯新材行政楼会议室)进行,公司参会人员包括控股股东实际控 制人、公司实际控制人、董事、高级管理人员及关键岗位人员。中金公司现场培 训授课人员为保荐代表人李鹏飞。现场培训中,中金公司从多个维度介绍了信息 披露的注意事项、三会运作的基本要求等,重点讲解了股东减持、内幕交易、投 ...