WOTE(SZ:002886)2024-08-27 10:39Financial Performance - The company's revenue for the first half of 2024 reached 807 million CNY, marking a year-on-year increase of 5.81% [2] - The net profit attributable to shareholders was 14.85 million CNY, reflecting a growth of 33.78% compared to the same period last year [2] - The net cash flow from operating activities was 34.14 million CNY [2] Special High-Performance Polymer Materials - Revenue from special high-performance polymer materials grew by 4.61% year-on-year, with a revenue share of 52.05%, maintaining above 50% [3] - Key materials such as LCP, PPA, and PPS showed significant revenue growth, driven by increasing downstream demand [3] - The company is advancing its platform strategy for special high-performance polymers, with ongoing projects in Chongqing and PEEK entering trial production [3][4] Automotive Materials - Revenue from automotive material solutions surged by 62.43% year-on-year, driven by the rapid development of the new energy vehicle market [3] - The company has successfully entered the supply chain of mainstream automotive manufacturers, with multiple materials now in mass production [3] Market Trends and Future Outlook - The domestic supply of LCP raw materials has stabilized, enhancing market acceptance and supporting revenue growth [4] - The recognition of domestic special high-performance polymer products is gradually increasing, with a focus on optimizing upstream processes and expanding capacity [4] - The company anticipates further growth in market share and scale as downstream demand continues to rise [4]