On February 26, 2026, Shantou Wanshun New Material Group Co.,Ltd. (300057) conducted a meeting with institutional investors, including representatives from Huatai Securities Co., Ltd. and Lexue Capital. The discussion covered various aspects of the company's operations.
Regarding the aluminum processing segment, the company has established an integrated industrial chain encompassing aluminum sheets, strips, and foil. Total planned aluminum foil capacity stands at 255,000 tons. The Jiangsu facility primarily produces double-zero foil for packaging with a capacity of 83,000 tons, while the Anhui plant focuses on battery foil, currently holding 72,000 tons of capacity. A project to add 100,000 tons of power and energy storage battery foil capacity is under construction and will commence production in phases, with completion expected by the end of September. Combined aluminum sheet and strip capacity from Jiangsu and Anhui bases totals 130,000 tons, with an additional 130,000 tons from the Sichuan base, bringing total existing capacity to 260,000 tons.
Concerning battery aluminum foil applications in sodium-ion batteries, the company has independently developed high-dyne battery foil. This product features a high and stable surface dyne value, which enhances adhesion during subsequent slurry processing, improves coating uniformity, reduces resistance, and consequently increases battery charge-discharge efficiency and cycle stability. It is also suitable for use in both anodes and cathodes of sodium-ion batteries. The high-dyne battery foil has entered the small-batch supply stage, strengthening the growth potential of the aluminum processing business.
For the functional films division, key products include high-barrier films, dimming conductive films, paint protection films (PPF), and energy-saving films. This year, the company will concentrate on promising functional film markets, prioritizing the application of high-barrier films in mono-material recyclable packaging and expanding the market for conductive films used in automotive dimming sunroofs. Efforts will also focus on building proprietary brands for premium PPF and energy-saving films, increasing capacity utilization, and enhancing profitability.
In the paper packaging materials segment, main products comprise special card paper such as transfer laser card paper and composite paper, primarily used in tobacco and liquor packaging. During the first three quarters of last year, increased sales of high-value-added custom transfer paper products contributed to a slight improvement in the segment's gross profit margin.
Shantou Wanshun New Material Group Co.,Ltd. focuses on the new materials industry, primarily engaged in three business segments: aluminum processing, paper packaging materials, and functional film materials. According to the company's third-quarter report for 2025, revenue for the first nine months was 4.09 billion yuan, a decrease of 13.86% year-over-year. Net profit attributable to shareholders showed a loss of 87.0801 million yuan, down 140.53%. After excluding non-recurring items, the net loss was 94.5867 million yuan, a decline of 95.85%. In the third quarter of 2025 alone, quarterly revenue was 1.397 billion yuan, falling 20.27% year-over-year, with a quarterly net loss of 34.0163 million yuan, down 26.56%. The quarterly loss after excluding non-recurring items was 25.4981 million yuan, a slight increase of 0.14%. The debt-to-asset ratio was 50.95%, investment income was 3.9809 million yuan, financial expenses reached 69.9247 million yuan, and the gross profit margin was 5.21%.
Margin trading data indicated a net outflow of 36.7539 million yuan from financing activities over the past three months, reducing the financing balance. Securities lending showed a net inflow of 0.0, with an increase in the securities lending balance.
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