Water shares: revenue in the first three quarters increased by 48.01% year-on-year, special polymer materials business performed brilliantly

A few days ago,Water shares (002886) Released the report of the third quarter of 2021, the company achieved in the first three quartersOperating income1.118 billion yuan, a year-on-year increase of 48.01%, attributable to listed companiesshareholderNet profit50.28 million yuan, an increase of 6.43% year-on-year. The third quarterly report shows that the sales revenue of special polymer materials business increased by 77.86% year-on-year, and the sales revenue of modified general plastics and engineering plastic alloy business increased by 39.22% year-on-year; in addition, the company’s research and development expenses in the first three quarters were 49.16 million yuan. A year-on-year increase of 30.78%.

　　Water sharesSaid that in the first half of this year, the company’s LCP materials have achieved sales of 2,300 tons, a year-on-year increase of 127%.As a leading LCP material manufacturer in domestic production capacity and shipments, the company currently has a total production capacity of 8,000 tons. In addition, the company plans to invest in an annual production of 20,000 tons of LCP resin material projects this year.Water sharesIt will have an annual production capacity of 25,000 tons of LCP resin, which can provide the company with an annual output of 35,000 tons of LCP composite materials.

The third quarterly report shows that during the reporting period, Chongqing Water Zhicheng New Material Technology Co., Ltd., a wholly-owned subsidiary of Water Co., Ltd., obtained the “Pollution Discharge Permit” issued by the Chongqing Changshou District Ecological Environment Bureau. The company’s non-public offering of the “special engineering plastic polyamide” project in 2020, completed all the work in the project preparation period as scheduled and successfully trial production, and officially entered the mass production stage. Water shares stated that after years of industrial layout, resource integration and release of reserves, the company has basically completed the industrial chain layout of “special polymer material synthesis-polymer material modification-finished product manufacturing”. It is in a critical period of rapid growth and value release.

(Source: China Securities Journal·China Securities Network)

Article source: China Securities Journal·China Securities Network

Editor in charge: DF064

Original title: Walter shares: revenue in the first three quarters increased by 48.01% year-on-year, and the specialty polymer materials business performed well