Wan Kai New Materials (301216): Turning Loss into Profit, Uptrend Initiates New Growth Phase

Turned profitable in 25 years, with Q4 attributable profit surging significantly. The company achieved revenue of 15.494 billion yuan in 2025, representing a year-on-year decrease of 10.08%; net profit attributable to shareholders was 169 million yuan, marking a year-on-year increase of 156.37%; non-recurring net profit attributable to shareholders

Zhongtai SecuritiesMay 11 00:00

Wan Kai New Materials (301216): Performance in Line with Expectations; Improvement in Bottle Chip and Ethylene Glycol Sectors; Equity Incentives Reflect Corporate Confidence

Key investment highlights: The company released its 25th annual report and the first quarter report of the 26th year, with performance meeting expectations. In the 25th year, the company achieved operating revenue of 15.494 billion yuan (year-on-year decrease of 10%), and net profit attributable to shareholders of 169 million yuan (reversing losses from the previous year).

Shenwan Hongyuan ResearchMay 6 11:26

Wankai New Materials (301216): The bottle chip industry has passed the turning point, ushering in a dual boost of prosperity and growth.

Turning Profit in 25 Years: The company released its 2025 annual report, recording operating revenue of 15.494 billion yuan during the reporting period, representing a year-on-year decrease of 10.1%; net profit attributable to shareholders reached 169 million yuan, reflecting a year-on-year increase of 156.4%, thereby achieving profitability.

Orient SecuritiesMay 4 00:00

Wan Kai New Materials (301216): Profit Inflection Point Confirmed, Dual Drivers of Valuation Recovery and Growth

On April 28, 2026, Wankai New Materials officially released its 2025 annual report and simultaneously disclosed the Q1 2026 financial report. In 2025, the company achieved total operating revenue of 1.549 billion yuan, representing a year-on-year decrease.

China Post SecuritiesApr 30 00:00

Wankai New Material's 2025 net profit attributable to shareholders reached 169 million yuan, increasing by 156.37% year-on-year, with non-recurring gains accounting for over 70%.

The company’s revenue for 2025 decreased by 10.08% year-on-year to RMB 15.494 billion, while net profit attributable to shareholders surged by 156.37% to RMB 169 million. However, this was primarily driven by non-recurring gains of RMB 127 million (accounting for 75.93% of the total). After excluding non-recurring items, net profit stood at only RMB 41.7 million, with Q4 turning negative. Operating cash flow was -RMB 208 million, indicating pressure on the profitability quality of core operations. Both gross margin and net margin improved, achieving a turnaround in core business losses, but the highly concentrated bottle-grade PET business remains susceptible to market volatility.

lanjinger.comApr 28 14:14

Wankai New Materials: First Quarter Report for 2026

SZSIApr 28 00:00 · Announcements