证券代码：002372 证券简称：伟星新材 浙江伟星新型建材股份有限公司投资者关系活动记录表 编号：2024-014 □特定对象调研 □分析师会议 投资者关系活动类 □媒体采访 □业绩说明会 别 □新闻发布会 □路演活动 □现场参观 √其他：电话会议 Fidelity：Max Liang、Breuer Jochen、Rajesh Gannamani、Ronald Chung、Luke Li；Citi：Alice Cai；MFS：Rob Lau、Flora Chai；POLYMER CAPITAL MAN (HK)： Alicia Zhang；Pzena Investment Management LLC：Jun He；Certitudo：Ansel Lu； 参与单位名称及人 Citadel LLC：Shiping Chen；Ellerston Capital Limited：Dejia Li；GIC：Troy 员姓名 Liu；Greenwoods Asset Mgmt HK Ltd：Xian Wu； Nikko Asset MGT：Grace Yan； Point72 Asset Management：Pat ...

证券代码：002372 证券简称：伟星新材 公告编号：2024-020 公司 2023 年度权益分派方案已获 2024 年 4 月 30 日召开的 2023 年度股东大会审议通过， 现将权益分派事宜公告如下： 一、股东大会审议通过权益分派方案情况 1、公司股东大会审议通过的2023年度权益分派方案：以公司现有总股本剔除已回购股 份20,170,000股后的1,571,867,988股为基数，向全体股东按每10股派发现金红利8.00元(含 税)。 浙江伟星新型建材股份有限公司 2023年度权益分派实施公告 浙江伟星新型建材股份有限公司（以下简称"公司""我公司"）及董事会全体成员保 证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、根据《公司法》的规定，公司回购专用证券账户持有的 20,170,000 股不享有参与本 次权益分派的权利。本次权益分派方案为：以公司现有总股本剔除已回购股份 20,170,000 股后的 1,571,867,988 股为基数，向全体股东按每 10 股派发现金红利 8.00 元(含税)。 2、根据 2023 年度权益分派方案，公司本次实际现金分红的 ...

Investment Rating - The report maintains a "Buy" rating for Weixing New Materials, indicating a positive outlook for the company's stock performance in the near term [1][2]. Core Insights - In Q1 2024, Weixing New Materials achieved a revenue of 999.7 million yuan, representing a year-on-year growth of 11.19%. However, the net profit attributable to shareholders decreased by 11.56% to 154 million yuan, while the net profit excluding non-recurring items increased by 37.61% to 142 million yuan [1][2]. - The company's gross margin and net margin for Q1 were 41.48% and 15.77%, respectively, with gross margin improving by 4.30 percentage points year-on-year due to a decrease in raw material prices and an increase in retail business proportion [2]. - The company aims for a revenue target of 7.3 billion yuan in 2024, reflecting a 14% year-on-year increase, with a cost and expense target of approximately 5.7 billion yuan [2]. Financial Performance Summary - **Revenue**: - 2022A: 6,954 million yuan - 2023A: 6,378 million yuan - 2024E: 7,146 million yuan (12% growth) [1] - **Net Profit**: - 2022A: 1,297 million yuan - 2023A: 1,432 million yuan - 2024E: 1,452 million yuan (1.4% growth) [1] - **ROE**: - 2022A: 24.1% - 2023A: 25.4% - 2024E: 24.7% [1] - **EPS**: - 2022A: 0.81 yuan - 2023A: 0.90 yuan - 2024E: 0.91 yuan [1] Strategic Initiatives - The company is focusing on channel expansion and optimization in the retail sector, achieving a market share increase of over 3 percentage points in 2023. It has established over 50 sales companies nationwide and has more than 1,900 professional marketing and service personnel [2]. - Weixing New Materials is also enhancing its operational quality and risk resistance in the engineering sector while exploring new fields to create incremental growth [2].

北京雍行律师事务所 关于浙江伟星新型建材股份有限公司 2023 年年度股东大会的法律意见书 致：浙江伟星新型建材股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》（下称"《公司 法》"）《中华人民共和国证券法》（下称"《证券法》"）《上市公司股东大 会规则》（下称"《股东大会规则》"）《律师事务所从事证券法律业务管理办 法》（下称"《证券法律业务管理办法》"）等相关法律、法规和规范性文件以 及《浙江伟星新型建材股份有限公司章程》（下称"《公司章程》"）的规定， 北京雍行律师事务所（下称"本所"）委派律师出席浙江伟星新型建材股份有限 公司（下称"伟星新材"或"公司"）2023 年年度股东大会（下称"本次股东大 会"），并出具本法律意见书。 本所律师已经按照《股东大会规则》的要求对本次股东大会的真实性、合法 性进行了核查和验证（下称"查验"）并发表法律意见，本法律意见书中不存在 虚假记载、误导性陈述及重大遗漏，否则本所律师将承担相应的法律责任。 本法律意见书仅供本次股东大会之目的使用，不得被任何人用于其他任何目 的。本所律师同意将本法律意见书随本次股东大会其他信息披露资料一并公告， 并依法对本法律 ...

证券代码：002372 证券简称：伟星新材 公告编号：2024-019 浙江伟星新型建材股份有限公司 2023 年度股东大会决议公告 浙江伟星新型建材股份有限公司(以下简称"公司")及董事会全体成员保证信息披露的 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 本次股东大会无新增、变更及否决提案的情况。 一、会议召开和出席情况 1、会议召开情况 （1）会议召开时间： 现场会议时间：2024 年 4 月 30 日（星期二）14:30 开始。 网络投票时间：2024 年 4 月 30 日。其中，通过深圳证券交易所（以下简称"深交所"） 交易系统进行网络投票的具体时间为：2024 年 4 月 30 日 9:15-9:25，9:30-11:30 和 13:00- 15:00；通过互联网投票系统（wltp.cninfo.com.cn）进行网络投票的具体时间为：2024 年 4 月 30 日 9:15-15:00。 （2）会议召开地点：浙江省临海市崇和路 238 号远洲国际大酒店二楼会议厅。 （3）会议召开方式：以现场表决和网络投票相结合的方式召开。 （4）会议召集人：公司董事会。公司第六届董事会 ...

Investment Rating - Industry Investment Rating: Overweight [1] Core Viewpoints - The release of substantial favorable policies for real estate is expected to support short-term valuations in the building materials sector and improve mid-term demand. The logic for supply-side clearing in the industry is becoming clearer, as the consumer building materials market has rapidly shifted from an incremental market to a stock market, putting operational pressure on small and medium enterprises and facilitating market share gains for leading companies [3][4][6]. Industry Perspectives - Continuous optimization of real estate policies in core cities is observed. For instance, Beijing's housing loan policies have been adjusted to favor first-time buyers, and Chengdu has lifted restrictions on housing purchases. Additionally, Shenzhen is launching a "sell old for new" housing initiative [4][24]. - The price increase of glass fiber is gradually being realized, with companies like China Jushi showing improved profit expectations despite a decline in revenue and net profit in Q1 2024. The company has implemented price adjustments for its products, which are expected to have a significant positive effect [5][25]. - Short-term focus on affordable housing is crucial for the development of the real estate sector, with plans to add 6.5 million affordable rental housing units across 21 provinces during the 14th Five-Year Plan period, potentially benefiting construction and building materials companies [6][26]. - Long-term urban renewal initiatives are anticipated to supplement demand for consumer building materials, with significant investments expected from city village renovations and related infrastructure projects [9][27]. - New materials are highlighted as key investment opportunities, particularly in pharmaceutical glass and electronic yarn, driven by increasing demand and favorable market conditions [10][29]. Market Review - The building materials index has seen a decline of 0.45%, while the broader market indices have shown positive performance. Specific sub-sectors such as consumer building materials and glass have experienced varying degrees of price changes [30][32]. - The average price of high-standard cement has decreased by 0.18% to 361.45 CNY per ton, with regional price fluctuations noted. The cement inventory ratio stands at 67.46%, indicating a slight decrease [45][46]. - The average price of float glass has decreased by 0.9% to 1721 CNY per ton, with an increase in inventory levels. The market is experiencing mixed demand dynamics across different regions [51][53].

公司研 究 证 券研究 报 告 其他装饰材料 2024年04月30日 伟 星新材（002372）2024年一季报点评 强 推 （维持） 目标价：18.3元 扣非业绩增长超预期，盈利水平再提升 当前价：17.56元 事项： 华创证券研究所  伟星新材发布 2024 年一季报：公司 2024 年 Q1 实现营业收入 9.97 亿，同比 证券分析师：王彬鹏 +11.19%，归母净利润1.54亿，同比-11.56%，扣非净利润1.42亿，同比+37.61%， 扣非业绩增长超预期。 邮箱：wangbinpeng@hcyjs.com 评论： 执业编号：S0360519060002 证券分析师：鲁星泽  经营保持稳健，扣非业绩增长超预期：公司2024 Q1实现营业收入9.97亿， 同比+11.19%，公司2023年收购浙江可瑞及广州合信方园，预计有一定贡献， 电话：021-20572575 归母净利润1.54亿，同比-11.56%，主要系本期投资净收益同比减少0.67亿， 邮箱：luxingze@hcyjs.com 扣非净利润1.42亿，同比+37.61%，扣非业绩增长超预期，我们认为主要得益 执业编号：S036052 ...

证券代码：002372 证券简称：伟星新材 浙江伟星新型建材股份有限公司投资者关系活动记录表 编号：2024-012 □特定对象调研 □分析师会议 投资者关系活动类 □媒体采访 □业绩说明会 别 □新闻发布会 □路演活动 □现场参观 √其他：电话会议 中泰证券：孙颖、韩宇；中泰资本：陈佳玲；银河基金：杨文超；交银施罗德基金： 张晨；明世伙伴私募基金：张海刚；富国基金：房昭强；光大保德信基金：李峙屹； 泉果基金：尚广豪；弘尚资产：许东；颀臻资管：沈怡雯；太平洋保险资产：徐军 参与单位名称及人 平；源乘私募基金：高飚；嘉实基金：陈路华；博道基金：钱程；路博迈：黄道立； 员姓名 兴证全球基金：李君；浦银安盛基金：王笑；仁桥资管：史国财；华安财保资管： 张勇；淡水泉投资：杨馨怡；工银理财：斯华景；汇添富基金：黄和清；民生证券： 李阳；天风证券：王雯；西部利得基金：温震宇等。 时间 2024年4月29日上午 地点 公司 上市公司接待人员 谭梅、陈安门等 姓名 一、董秘谭梅对2024年一季报的简要解读 2024年第一季度公司实现营业收入9.97亿元，较上年同期增长11.19%；归属 ...

证券代码：002372 证券简称：伟星新材 浙江伟星新型建材股份有限公司投资者关系活动记录表 编号：2024-013 □特定对象调研 □分析师会议 投资者关系活动类 □媒体采访 □业绩说明会 别 □新闻发布会 □路演活动 □现场参观 √其他：电话会议 Jefferies：Jason Tan、Tao Bei；Marathon Asset Management (London)：Kai Chen； MFS：Flora Chai；Apg Asset Management：Kathy Xu、Zichen Xu；Polymer (PAG)： Raymond Choi；Shikhara Investment Management：Marcus Chu；Overlook Partners Fund：William Leung；Schroders Investment Management：Erica Hua；Pinebridge 参与单位名称及人 Investments：Tony Lau；Schonfeld Strategic Advisors：Johnson Lin；Generation 员姓名 Investment M ...

Investment Rating - The report maintains a "Buy" rating for the company [1][5]. Core Insights - The company reported a revenue of 6.378 billion yuan in 2023, a decrease of 8.27% year-on-year, while the net profit attributable to shareholders was 1.432 billion yuan, an increase of 10.4% year-on-year [2]. - The company aims for a revenue target of 7.3 billion yuan in 2024, representing a year-on-year growth of 14.46% [2]. - The company has a strong focus on optimizing channel structures and reducing raw material costs, which significantly improved profitability in 2023, with a gross margin of 44.32%, up 4.56 percentage points year-on-year [2]. - The company has a consistent dividend policy, proposing a cash dividend of 1.257 billion yuan for 2023, with a payout ratio of 87.79%, an increase of 14.17 percentage points year-on-year [2]. Financial Performance Summary - **Revenue Forecasts**: - 2022A: 6,954 million yuan - 2023A: 6,378 million yuan - 2024E: 7,052 million yuan - 2025E: 7,852 million yuan - 2026E: 8,931 million yuan - Year-on-year growth rates: -8% in 2023, +11% in 2024, +11% in 2025, +14% in 2026 [1][7]. - **Net Profit Forecasts**: - 2022A: 1,297 million yuan - 2023A: 1,432 million yuan - 2024E: 1,462 million yuan - 2025E: 1,582 million yuan - 2026E: 1,791 million yuan - Year-on-year growth rates: +10% in 2023, +2% in 2024, +8% in 2025, +13% in 2026 [1][7]. - **Earnings Per Share (EPS)**: - 2022A: 0.81 yuan - 2023A: 0.90 yuan - 2024E: 0.92 yuan - 2025E: 0.99 yuan - 2026E: 1.13 yuan [1][7]. - **Valuation Ratios**: - P/E: 21.9 in 2022, 19.8 in 2023, 19.4 in 2024, 18.0 in 2025, 15.9 in 2026 - P/B: 5.3 in 2022, 5.1 in 2023, 4.2 in 2024, 3.5 in 2025, 3.0 in 2026 [1][7]. Strategic Outlook - The company is focusing on dual-driven growth from retail and engineering sectors, enhancing its high-quality development strategy [2]. - The company plans to expand its product and service offerings, particularly in waterproofing and water purification, leveraging its established retail capabilities [5]. - The acquisition of Zhejiang Keri is expected to enhance the company's system integration capabilities, complementing its existing product and service model [5].