WEIXING NBM(002372)2024-12-05 08:50Group 1: Capital Expenditure and Market Demand - The company's capital expenditure has been approximately 200-300 million CNY annually for the past few years, primarily for production base expansion, new equipment, and smart upgrades [2] - Overall market demand has not shown significant improvement and remains relatively weak [2] Group 2: Retail Sales Channels and Pricing Strategy - The main retail sales channels are home decoration companies, project managers, and homeowners, with home decoration companies gaining a larger share in first and second-tier cities [2] - The pricing strategy for core retail products is based on a cost-plus principle, with stable pricing overall, while some products may adjust prices based on competitive conditions [2] Group 3: Future Business Goals and Market Trends - The company's business goals and specific development plans for the next year are still under discussion and will be disclosed in the 2024 annual report [2] - Retail business demand is expected to come from the renovation of new and existing homes, with a larger market space despite a decline in new housing completions [4] Group 4: Partnerships and Incentives - The company views its relationship with home decoration companies as a partnership, providing products and services to them [5] - The new equity incentive plan will be implemented based on the company's development needs and various factors [6] Group 5: Dividend Policy - The company's dividend policy is stable and will continue to follow the regulations outlined in the company charter and the three-year shareholder return plan [7]