Recent Developments - The company plans to invest in a reverse osmosis membrane and polyphenylene sulfide production line in Jiangbei New District, Nanjing, aiming for an annual production capacity of 20 million square meters of reverse osmosis membranes and 3,000 tons of polysulfone by October 2025 [1] - A wholly-owned subsidiary, Wotton Technology (Nanjing) Co., Ltd., was established with an investment of 300 million yuan, serving as the investment and operation entity for the aforementioned project [2] Product Development - The company's UE series membrane products have achieved stable applications in downstream semiconductor enterprises, indicating a technological breakthrough in high value-added areas [3] Institutional Research - The company has been frequently visited by institutional investors, receiving 53 research visits from 45 institutions in the past year, focusing on business growth drivers and domestic substitution in the industry [4] Shareholder Structure - As of January 31, 2026, the number of shareholders decreased by 5.14% to 25,800, indicating an increase in share concentration and potential changes in investor structure [5] Financial Performance - For the first nine months of 2025, the company reported revenue of 1.382 billion yuan, a year-on-year increase of 19.72%, and a net profit attributable to shareholders of 195 million yuan, reflecting a growth of 29.21% [6]