Wolde: Revenue of 754 million yuan in 2025, up 11.08%, net profit of 94.2403 million yuan, down 4.98%

Economic Observer Network March 2026, Wald (688028) focused on institutional research and new project developments.

Recent Events

On March 9, the company was surveyed by multiple institutions including Guotai Fund and Yongxing Securities, mainly revealing details of the diamond micro-drilling industrialization project (Phase I). The total investment is 134 million yuan, with a construction period of three years. Upon reaching full production, it will produce 560,000 micro-drills annually, targeting semiconductor and high-end PCB micro-hole processing fields. At the same time, the diamond functional materials project (Phase I) has a total investment of 132 million yuan, focusing on CVD diamond acoustic diaphragm industrialization, with an annual capacity of 270,000 pieces after reaching full production, aimed at high-demand scenarios such as automotive applications. On March 10, the company further disclosed its 2025 performance quick report, but the research content was largely the same as on March 9. These project developments highlight the company’s layout in new materials, which may influence long-term growth expectations.

Financial Report Analysis

On February 28, 2026, the company disclosed its 2025 performance quick report, estimating an annual operating revenue of 753.7036 million yuan, an increase of 11.08% year-over-year; however, net profit attributable to shareholders was 94.2403 million yuan, down 4.98% year-over-year, mainly due to intensified competition in the tool industry, rising raw material costs, and increased depreciation expenses. The third quarter of 2025 showed some improvement, with revenue up 14.27% and net profit up 24.76% year-over-year. The performance divergence reflects a stable core tool business and ongoing investment in new materials, with short-term profit pressure but continued structural growth highlights.

Recent Stock Performance

The stock price has been volatile over the past week. On March 11, it closed at 113.03 yuan. On March 17, influenced by the overall market and capital flows, it dropped sharply by 8.19% to 96.09 yuan. On March 18, it slightly rebounded to 97.55 yuan (up 1.52% intra-day). Capital flows were mixed: on March 10, main funds had a net inflow of 57.091 million yuan, but on March 17, there was a net outflow of 72.7664 million yuan, while retail investor funds saw significant inflows during the same period. The price range was 23%, with a trading volume exceeding 3.4 billion yuan, indicating intense short-term sentiment fluctuations. The latest P/E ratio (TTM) is 156.25 times, indicating high valuation and associated risks.

The above content is compiled from public information and does not constitute investment advice.