WOTE(002886)2023-11-11 14:52Group 1: Company Overview and Strategic Initiatives - Shenzhen Water New Materials Co., Ltd. has established a joint innovation center with the Shenzhen Institute of Advanced Technology to focus on bio-based high polymer materials and plant and animal nutrition [1] - The company has invested in a production base in Vietnam to meet overseas customer demand, reduce production costs, and enhance profitability and competitiveness [2] - The Vietnam base officially commenced production in mid to late October 2023 [2] Group 2: Product Applications and Industry Positioning - The company's products, including LCP, PPS, and modified engineering plastics, are applicable in robotics for components such as motor control, connectors, and structural parts [1] - LCP materials are being researched for applications in the 6G and high-frequency communication sectors, focusing on high-speed signal transmission and structural enhancement [2] - The company has achieved industrial synthesis of various specialty engineering resins and is enhancing its capabilities in high-value-added materials and downstream industry chain extensions [2]