WOTE(SZ:002886) Zheng Quan Shi Bao Wang·2025-01-21 10:48Core Viewpoint - Watte Co., Ltd. (002886.SZ) anticipates significant growth in both net profit and net profit excluding non-recurring gains for 2024, with projections indicating a net profit of 28 million to 38.5 million yuan, representing a year-on-year increase of 374.89% to 552.97% [1] Group 1: Financial Performance - The company expects net profit attributable to shareholders to be between 28 million and 38.5 million yuan, marking a substantial year-on-year increase of 374.89% to 552.97% [1] - The projected net profit excluding non-recurring gains is estimated to be between 18 million and 26.5 million yuan, reflecting a year-on-year growth of 1313.65% to 1981.21% [1] Group 2: Strategic Focus - Watte Co., Ltd. is committed to a platform strategy for specialty high polymer materials, actively expanding into high-frequency communications, computing servers, new energy vehicles, low-altitude economy, and semiconductors [1][2] - The company has been enhancing its product line in specialty high polymer materials, which accounted for 52.05% of total revenue, becoming a primary driver of performance growth [2] Group 3: Production Capacity - The company has made significant investments in expanding production capacity for specialty high polymer materials, including a 20,000-ton LCP resin project in Chongqing, which is currently in trial production [3][4] - The production capacity for specialty nylon has reached 5,000 tons, with an additional 5,000 tons under construction [3] Group 4: Market Demand and Applications - Watte Co., Ltd. has effectively anticipated market demand in various sectors, including low-altitude economy, high-frequency communication, artificial intelligence, robotics, aerospace, new energy vehicles, and semiconductors [5][6] - The company's high-performance materials, such as LCP, PPA, and PPS, are widely applied in rapidly growing sectors, contributing to robust market demand [6]