WOTE(002886)2025-02-05 11:24Financial Performance - In 2024, the net profit attributable to shareholders is projected to be between 28 million and 38.5 million, representing a year-on-year growth of 374.89% to 552.97% [2] - The net profit excluding non-recurring gains and losses is expected to be between 18 million and 26.5 million, with a year-on-year increase of 1,313.65% to 1,981.21% [2] - Estimated operating revenue is approximately 1.85 billion, reflecting a year-on-year growth of about 20% [2] Production Capacity - Current LCP (Liquid Crystal Polymer) production capacity stands at 5,000 tons, with an additional 20,000 tons under construction in Chongqing [2] - The Chongqing base's first phase of 5,000 tons has passed safety assessments and is awaiting government production permits [2] - The company aims to become the largest global supplier of LCP with the new capacity [2] Product Pricing and Profitability - LCP product prices vary based on application scenarios, with a stable average price expected in 2024 [2] - Improvement in LCP gross margin is anticipated as raw material issues are resolved [2] Market Applications - LCP growth is driven by demand in telecommunications, consumer electronics, and emerging sectors like electric vehicles [3] - PEEK (Polyether Ether Ketone) is positioned for medical applications due to its properties, making it suitable for implantable materials [3] - Special nylon materials are being applied in industries such as drones and smart wearables, with increasing demand expected [3] Sales and Expansion Strategy - The company employs a direct sales model, providing comprehensive services including design and process support [4] - Future expansion plans focus on releasing production capacity in response to opportunities in sectors like electric vehicles, low-altitude economy, and semiconductors [5]