On July 8, Wanwei Hi-tech voluntarily disclosed its semi-annual performance forecast for 2026. In the first half of the year, the company expects to achieve a net return of 300 million to 330 million yuan, an increase of 17.23% to 28.95% over the same period last year. The profit resilience of the main industry of new materials continues to highlight. As the leader of PVA chemical new materials in China, Wanwei Hi-tech's steady profit has opened up a new industrial profit increment for the controlling shareholder Conch Group, helping it get rid of the traditional cement industry cycle constraints and build a diversified development pattern. Conch Group will enjoy the corresponding investment income according to the shareholding ratio, effectively increasing the overall profit of the group.
According to the performance forecast, the good performance is mainly due to the gradual recovery of the downstream market of the industry, the increase of customer demand, the strengthening of cost control, the deepening of economic operation, the full reduction of costs and efficiency, and the continuous improvement of enterprise operation efficiency. In addition, the export business performed well, with the export volume of vinyl acetate increasing by more than 400% year-on-year, the export volume of redispersible rubber powder increasing by about 30%, and VAE emulsion also achieving substantial growth.
Relying on the integration layout of state-owned assets of Anhui SASAC, Conch Group has continued to integrate Wanwei Hi-tech since 2026. In January
this year, Conch Group invested 4.998 billion yuan to control Wanwei Group, indirectly control Wanwei Hi-tech , make up for the shortcomings of new materials in its "cement plus" strategy, and realize the industrial complementarity between traditional building materials and high-end new chemical materials.
In July, the integration entered the stage of substantive operation. On July 2, Conch Cement spent 619 million yuan to acquire all the cement production capacity of Wanwei Hi-tech and its subordinate Mengwei Science and Technology. It covers 3 million tons of clinker and 4 million tons of cement production capacity. This transaction has thoroughly solved the problem of competition between the two sides and revitalized the inefficient assets in stock. After the delivery of assets, Conch Cement further consolidated the regional market advantages of East China and North China, and the two sides effectively reduced production and logistics costs through material circulation and pipeline network interconnection.
On July 7, Wanwei Hi-tech completed the core personnel change, former chairman Wu Fusheng retired at the age of retirement, former director yuan Dabing resigned, general manager Zhu Shengli of Conch Group and core members Tao Yong and Fan Zhan of the integration class were stationed on the board of directors , marking that the Conch team will take over the management and control of the enterprise, and that the Conch team will take over the management and control of the enterprise. Wanwei Hi-tech has entered a new stage of standardization and systematization. At the level of
industrial synergy, the adaptability advantages of both sides are prominent. VAE emulsion and redispersible rubber powder are the core additives of building mortar and coatings. Vinyl acetate and PVB film are widely used in building safety glass, photovoltaic packaging and other fields, which precisely conform to the development direction of green building materials of Conch Group and promote the extension of traditional cement industry to high-end and new energy supporting fields. At present, the industrial matrix of Conch Group's coordinated development of building materials, new materials and new energy has formed a scale.
On the whole, this round of provincial state-owned assets integration has both long-term and short-term value. In the short term, it will optimize the layout of regional cement production capacity and consolidate the basic position of Conch Cement's main business. In the long term, it will rely on the stable new material profit increment of Wanwei Hi-Tech to create the second growth curve for Conch Group and build an anti-cyclical diversified profit system.
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