Shenzhen Prince New Materials (SZ:002735) Zheng Quan Shi Bao Wang·2025-05-25 09:27Core Viewpoint - Wangzi New Materials (002735) has seen a significant increase in its stock price, with a cumulative rise of over 100% since May, attributed to its association with the controllable nuclear fusion concept [1][3]. Group 1: Stock Performance - The stock has experienced five consecutive trading limit increases in the past six trading days [1]. - As of May 23, the closing price was 18.96 yuan per share, with a static price-to-earnings ratio of -105.73 and a price-to-book ratio of 4.18 [5]. Group 2: Company Operations - Wangzi New Materials primarily engages in plastic packaging, military electronics, and film capacitor businesses, with plastic packaging being the main revenue source [4]. - The controllable nuclear fusion business is concentrated in its subsidiary, Ningbo Xinrong, which has participated in domestic nuclear fusion projects [4]. Group 3: Financial Performance - In 2024, the company achieved a revenue of 1.989 billion yuan, representing a year-on-year growth of 12.15%, while net profit was -68.50 million yuan, a decline of 213.51% year-on-year [3]. Group 4: Market Position and Competition - Ningbo Xinrong has secured contracts for capacitor products related to the magnetic power supply project in Hefei, with ongoing deliveries and project progress [4]. - The company acknowledges the competitive landscape, noting that other suppliers can provide similar products, which introduces uncertainty regarding the sustainability of orders in the controllable nuclear fusion sector [3][4].