证券代码：002372 证券简称：伟星新材 编号：2025-019 1 本增效，紧扣"投入产出"主线，着力精益管理与风险防控，促进公司健康发展。 2025 年上半年公司实现营业收入 20.78 亿元，较上年同期下降 11.33%；归属于上 市公司股东的净利润 2.71 亿元，较上年同期下降 20.25%；归属于上市公司股东的 扣除非经常性损益的净利润 2.68 亿元，较上年同期下降 21.06%；虽然受外部环境 与行业影响，报告期公司主要几项经营指标同比有所下降，但公司的盈利能力、现 金流水平、资产质地及运营质量依然保持良好。 报告期，公司经营管理工作主要围绕以下几方面重点展开：1、聚焦核心，精 耕零售基本盘；2、强化转型提质，推动工程业务高质量发展；3、优化布局，加快 推进国际化战略落地；4、数智赋能，打造强大的制造保障；5、深化研产销服协同 体系，打造"硬核"产品力和服务力；6、激活组织动能，筑牢战略保障根基。 本次半年报的亮点主要体现在以下三个方面：一是在市场需求疲弱、竞争白热 化的环境下，公司防水业务的销售收入实现略增，户数及配套率均有提升，发展态 势良好；二是公司 PVC 产品销售降幅较小、并且毛利 ...

Group 1: Economic Environment and Company Performance - The global economic growth has slowed down, with significant uncertainties due to tariffs, trade friction, and geopolitical conflicts [3] - In H1 2025, the company achieved revenue of CNY 2.078 billion, a decrease of 11.33% year-on-year; net profit attributable to shareholders was CNY 271 million, down 20.25% [3] - Despite external challenges, the company's profitability, cash flow, asset quality, and operational efficiency remain strong [3] Group 2: Strategic Focus and Operational Highlights - The company emphasizes "sustainable development" and "high-quality growth" as core strategies, focusing on core business and model innovation [3] - Key operational focuses include enhancing retail fundamentals, promoting high-quality development in engineering, and accelerating international strategy [3] - The waterproof business showed slight revenue growth, with an increase in customer numbers and service rates [3] Group 3: Market Conditions and Future Outlook - The market environment remains challenging, with no signs of demand improvement and intense competition expected to continue [3] - The company maintains a cautious outlook for H2 2025, linking retail demand closely to economic conditions and consumer confidence [6] - Sales strategies have been adjusted to strengthen channel construction and enhance product iteration and service innovation [6][7] Group 4: Product Pricing and Profitability - In H1 2025, product prices decreased year-on-year due to intensified market competition and shrinking demand, but are gradually recovering compared to H2 2024 [5] - The gross margin for PVC products improved by 2.55 percentage points, reflecting the company's efforts over recent years [3] Group 5: Dividends and Investor Relations - The company implemented a semi-annual cash dividend, considering external conditions, development plans, profitability, and investor return needs [7]