Keda Group(SH:600499) Mei Ri Jing Ji Xin Wen·2025-09-09 14:05Core Insights - The company reported a significant increase in the average price of overseas ceramic tile products in the first half of the year compared to the same period last year, indicating a positive trend in pricing strategy [1] - The company plans to dynamically adjust tile prices based on market conditions across various African markets [1] - The joint venture in Peru has established certain channel resources, positioning the company to enter the market promptly once the glass project is operational [1] Financial Performance - The overseas building materials business experienced a remarkable revenue growth of approximately 90% in the first half of 2025, alongside a gross margin increase of about 6 percentage points [3] - The growth is attributed to capacity release, product price increases, and technological upgrades, particularly in new project launches in Kenya and Côte d'Ivoire [3] Future Outlook - The company is being questioned about the sustainability of high growth rates in key markets like Africa and whether there are plans for further price increases for ceramic products [3] - The glass project in Peru is expected to commence production in 2026, and the company is anticipated to provide specific profit expectations for this project, as well as insights on how it will synergize with existing ceramic operations [3]