Wanma Co., Ltd.(SZ:002276) Zheng Quan Shi Bao Wang·2025-07-22 13:53Core Viewpoint - Wanma Co., Ltd. plans to invest approximately 1.245 billion yuan in a new project to produce 350,000 tons of environmentally friendly polymer materials annually in Qingdao, Shandong Province, aiming to enhance its core competitiveness and support sustainable development [1][3]. Group 1: Project Details - The project will be constructed in three phases over five years, from 2025 to 2030, and will involve the establishment of a new company and the acquisition of land and facilities [1]. - The main products of the project include silane cable materials, low-smoke halogen-free cable materials, PVC cable materials, and shielding materials for cables [1]. Group 2: Company Background - Wanma Co., Ltd. is headquartered in Hangzhou, Zhejiang, and specializes in the research, production, and sales of electric wires and cables, polymer materials, and automotive charging equipment [2]. - Wanma Polymer has over 30 years of experience in developing and producing environmentally friendly polymer materials for electric cables, maintaining a leading position in the domestic market [2]. Group 3: Financial Performance - In 2024, the sales volume of Wanma's new materials segment is expected to grow, with a total product output increase of 9.31% year-on-year, and a monthly sales peak exceeding 55,500 tons [3]. - The polymer materials segment is projected to achieve a revenue of 5.185 billion yuan in 2024, reflecting a year-on-year growth of 6.42% [3]. Group 4: Strategic Implications - The investment in the new project is anticipated to alleviate capacity delivery pressures, expand market share, and enhance market competitiveness and operational efficiency [3]. - Establishing the project in Qingdao will improve the domestic market layout for the polymer materials segment, fill the gap in the northern market, and facilitate product exports, aligning with the company's overall development strategy [3].