拟变更公司全称、证券简称，终止筹划境外子公司分拆上市，被誉为"中国水泥工业摇篮"的华新水泥股 份有限公司（以下简称"华新水泥"，600801.SH）近期动作不断。 10月25日，华新水泥发布的2025年三季报显示，今年第三季度，华新水泥实现营业收入89.86亿元，同 比增长5.95%；实现归母净利润9亿元，同比增长120.73%。今年前三季度，公司实现营业收入250.33亿 元，同比增长1.27%；归母净利润20.04亿元，同比增长76.01%。 对于今年前三季度归母净利润同比增长76.01%的原因，华新水泥方面解释称，主要系"国内水泥价格同 比上涨，叠加吨成本下降，以及海外业绩持续增长，共同推动盈利上升"。 据《中国经营报》记者了解，华新水泥近期还披露了更名计划。10月9日，华新水泥发布公告称，公司 名称拟变更为"华新建材集团股份有限公司"，证券简称拟由"华新水泥"变更为"华新建材"。 对于拟更名原因，华新水泥方面表示，公司现有名称中的"水泥"已不能完全涵盖公司业务类型，公司名 称及证券简称变更将实现经营范围与公司名称的相符，准确诠释本公司定位，更好呼应企业愿景，品牌 价值进一步赋能公司，符合公司及全体股东 ...

Financial Data and Key Metrics Changes - For Q2 2025, the company reported net revenues of $4.8 billion, a 4.3% increase compared to the same quarter last year [5] - Adjusted EBITDA was $687 million, up 4.7% versus 2024, with an adjusted EBITDA margin of 14.4%, consistent with the previous year [5][32] - U.S. net revenues increased nearly 6% to $2.82 billion, with adjusted EBITDA of $482.7 million, reflecting strong profitability improvements [33][34] Business Line Data and Key Metrics Changes - The U.S. diversified fresh portfolio benefited from favorable commodity prices and strong customer demand, leading to growth in branded offerings [6][7] - Prepared foods saw significant growth, with net sales increasing by 20% compared to last year, driven by strong performance in the Just Bare brand [18][19] - In Europe, adjusted EBITDA margins improved to 8.2% from 7.4% year-over-year, supported by operational improvements and innovative offerings [33] Market Data and Key Metrics Changes - The USDA indicated a 1.9% increase in ready-to-cook chicken production in the U.S. compared to 2024, with expectations of 1.5% growth in 2025 [7][8] - Retail chicken demand is increasing, with both tenders and wings gaining traction, while food service restaurants are seeing a shift towards value offerings [10][11] - In Mexico, net sales increased in double digits, driven by strong demand in the food service rotisserie channel [23][24] Company Strategy and Development Direction - The company announced a $400 million investment to build a new fully cooked prepared food plant in Georgia, expected to enhance long-term growth trends [25][41] - The focus remains on portfolio diversification, operational excellence, and strengthening key customer relationships through innovative product development [20][23] - The company aims to reduce reliance on outside suppliers and leverage fresh production capabilities to drive growth and enhance margins [28][30] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains favorable, with strong demand for chicken and improvements in supply visibility [56][57] - The company anticipates continued growth in the prepared foods segment, supported by consumer interest in higher attributed differentiated offerings [27][29] - Management expressed confidence in maintaining profitability despite challenges in the pricing environment for certain products [34][36] Other Important Information - The company declared a special dividend of approximately $500 million, reflecting strong cash flow and a commitment to shareholder value [7][40] - Legal settlement expenses of $58 million were incurred during the quarter, primarily related to ongoing litigation [36] - The effective tax rate for the quarter was 25.1%, with expectations for the full year to approximate 25% [38] Q&A Session Summary Question: Clarification on the $400 million investment in Georgia - Management indicated that the bulk of the investment will occur in 2026, with a range of $50 million to $70 million expected this year [49] Question: Supply and demand dynamics in the chicken market - Management noted that while supply visibility is improving, hatchability issues persist, impacting overall production [54][56] Question: Update on industry production constraints - Management highlighted that the industry is focusing on improving productivity and addressing hatchery bottlenecks to meet demand [62] Question: Profitability outlook in Mexico - Management acknowledged volatility in the Mexican market but emphasized stable year-over-year performance driven by economic growth [107]