Valiant(SZ:002643) Sou Hu Cai Jing·2025-11-09 16:58Core Viewpoint - Wanrun Co., Ltd. (万润股份) shows positive performance in stock trading and has secured significant contracts, indicating strong market positioning and ongoing development in key product areas [1][2]. Group 1: Stock Performance - As of November 7, 2025, Wanrun Co., Ltd. closed at 14.1 yuan, up 2.62%, with a turnover rate of 3.96%, trading volume of 360,200 shares, and a transaction value of 505 million yuan [1]. - On the same day, the net inflow of main funds was 42 million yuan, indicating strong interest from major investors [3]. Group 2: Business Developments - The company reported that its zeolite series environmental materials had higher revenue in Q3 compared to the same period last year, reflecting a solid market position [2]. - Wanrun Co., Ltd. has successfully won a bid for the ZSM-5 zeolite procurement project from Sinopec Shanghai Research Institute, confirming the quality and supplier qualifications of its products [2]. - The company has completed small-scale testing of lithium sulfide, a key material for solid-state batteries, and is preparing for pilot line construction [2]. Group 3: Financial and Operational Insights - The company has invested in R&D with expenditures of 371.31 million yuan, 372.38 million yuan, and 423.23 million yuan for the years 2022 to 2024, respectively [2]. - The company maintains high inventory levels due to production and transportation cycles, but is actively working to reduce inventory levels [2].