Wanshun New Material(SZ:300057)2022-12-03 09:22Group 1: Company Overview - Wan Shun Packaging Materials Co., Ltd. focuses on the consumer goods market with three main business segments: paper packaging materials, aluminum foil, and functional films [3][8]. Group 2: Paper Packaging Materials - The company has a total production capacity of 80,000 tons for paper packaging materials, primarily producing transfer paper and composite paper, serving clients in the tobacco, alcohol, and consumer product packaging sectors [3][4]. - The paper packaging business has maintained stable growth in recent years [4]. Group 3: Aluminum Foil Business - In the first half of the year, the aluminum processing business achieved revenue of 1.263 billion yuan, a year-on-year increase of 33.69% [4]. - The company’s subsidiaries have an annual production capacity of 83,000 tons for aluminum foil, with sales reaching 77,000 tons last year and 42,000 tons in the first half of this year [4][5]. - The aluminum foil products are primarily used in food, batteries, pharmaceuticals, tobacco, construction, and hygiene products [4]. Group 4: Functional Films - The company operates seven German roll-to-roll magnetron sputtering coating production lines and five precision coating lines, covering a product width of 1200mm-1570mm [4][5]. - The functional films include conductive films, smart light-control heat-insulating films, and high-barrier films, with a focus on expanding applications in various markets [5][6]. - The smart light-control heat-insulating film has a production capacity of 2.4 million square meters and has been certified for energy-saving effectiveness, achieving a 30% reduction in air conditioning energy consumption [5][6]. Group 5: Future Growth Points - Future growth is expected from the expansion of double-zero aluminum foil business and the development of energy-saving films, PDLC liquid crystal films, and nano-silver films [8][9]. - The company aims to leverage its existing cash flow and profits from paper packaging and aluminum foil businesses to support the growth of its functional film segment [8].