Ge Long Hui A P P·2025-08-20 07:39Core Viewpoint - The report indicates that despite a decline in net profit, the company demonstrates resilience and growth in specific segments, positioning itself for future opportunities in a challenging market environment [1][2]. Financial Performance - The company's net profit attributable to shareholders for the first half of the year was 1.93 billion yuan, a year-on-year decrease of 12.85% [1]. - The overall revenue was impacted by a decline in gypsum board and keel businesses, while waterproof and coating segments continued to grow [1]. Business Segments - The waterproof materials business showed growth despite the downturn in the real estate sector, indicating strong market demand [1]. - The company has expanded its coating business through the acquisition of Zhejiang Daqiao Paint, enhancing its growth strategy [1]. Strategic Development - The company is actively developing its waterproof materials industrial park in Qianjiang and plans to establish a 20,000-ton industrial coating production base in Anqing [1]. - The company is also focusing on international expansion, with production bases in Tanzania and Uzbekistan expected to achieve double-digit revenue and profit growth by mid-2025 [1]. Market Position - As an industry leader, the company possesses strong risk resistance capabilities, allowing it to maintain stable operations even in a sluggish market [1]. - The company holds a significant market share in the domestic gypsum board sector and is pursuing overseas market opportunities, including a trial production of 40 million square meters of gypsum board in Thailand [1].