WEIXING NBM(SZ:002372)2024-09-20 02:38Group 1: Market Demand and Business Operations - Current market demand across all business segments remains weak, with no signs of improvement [1] - Retail business primarily focuses on new home renovations, with limited engagement in the second-hand market [1] - The company has over 31,000 marketing outlets, with stable quality despite limited growth in numbers [1] Group 2: Business Expansion and Product Development - Waterproof business is progressing steadily with a "product + service" model, while the water purification segment is undergoing adjustments for optimization [1] - Integration with Zhejiang Kairui is ongoing, focusing on corporate culture, team, business, and internal control management [1] - Other product revenue growth is driven by the consolidation of Zhejiang Kairui and steady growth in the waterproof business [2] Group 3: Financial Management and Capital Expenditure - Sales expenses increased significantly in the first half of the year due to heightened brand promotion and service investments, as well as the consolidation of Zhejiang Kairui [2] - Capital expenditure is primarily for production base expansion and equipment upgrades, averaging around 200-300 million CNY annually [2] - The company aims to maintain a healthy cash flow and operational quality despite market pressures [2] Group 4: Strategic Planning and Future Outlook - Retail strategy focuses on enhancing channel construction, expanding product categories, and upgrading business models to strengthen core competitiveness [2] - Engineering business development will emphasize acquiring quality clients and projects, accelerating business model transformation, and exploring new fields [2]