Core Points - The launch of the Nippon Paint Refresh Waterproof Worker Certification and National Building Materials Industry Waterproof Worker Skill Evaluation marks a new phase of standardization and professionalism in waterproof services [1][3][5] - The "One Test, Two Certificates" training and certification model combines corporate service standards with national vocational qualifications, enhancing the efficiency and accessibility of skill certification for talent [5][7] - The initiative responds to the Ministry of Housing and Urban-Rural Development's "Good House" policy, emphasizing the importance of waterproofing in ensuring building quality and safety [3][5] Group 1 - The event was attended by key figures from Nippon Paint and the China Building Waterproof Association, highlighting the collaborative effort to improve industry standards [1][3] - The certification aims to reduce issues such as mold and peeling caused by improper waterproofing, thereby creating safer and more comfortable living environments for homeowners [3][5] - The training program includes practical simulations of core construction processes, ensuring that participants meet standardized operational requirements [14] Group 2 - The certification system is designed to establish industry benchmarks, enhance the professional value of waterproof workers, and promote transparency in the waterproofing sector [7][9] - Nippon Paint's Talent Development Center aims to create a systematic and professional platform for training coating professionals, contributing to sustainable industry growth [9][11] - Future plans include expanding the certification system to more construction fields, continuously improving service standards from design to execution [16]

Group 1: Financial Performance - The company's overall revenue in Q1 2025 decreased by 16.71% year-on-year, primarily due to proactive customer structure optimization and channel transformation [2] - The gross profit margin declined by over 5 percentage points compared to the previous year, influenced by product price adjustments and changes in product structure [3] - Operating cash flow net amount increased significantly by 56.98% year-on-year, indicating improved operational quality despite a substantial drop in net profit [3] Group 2: Business Strategy and Market Position - The company shifted its business model from direct sales to a retail and engineering channel-focused approach, leading to a decline in direct sales revenue, particularly in real estate procurement [2] - The engineering channel business continued to grow, reflecting an increase in market share, especially in non-real estate sectors [2] - Retail business showed strong growth after channel optimization, with significant revenue increases from the Deaiwei retail segment [2] Group 3: Cost Management and Efficiency - The company has implemented organizational restructuring and cost control measures, resulting in a noticeable decrease in expense ratios [3] - Continuous efforts in reducing costs and improving efficiency through streamlined processes and shared services for non-core functions [7][8] - The company aims to enhance capacity utilization by increasing market share and optimizing asset management [9] Group 4: Future Growth and Expansion - The overseas business performed well in Q1 2025, with revenue growth and ongoing construction of overseas factories, including a new facility in Malaysia [10] - The company plans to expand its product categories, with non-waterproof products already accounting for about half of the revenue from the civil construction group [12] - The construction group will focus on new product lines, including sand powder and coatings, to alleviate market demand pressure on waterproof products [13]