伟星新材(002372) - 2025年8月21日投资者关系活动记录表

Group 1: Economic Environment - The global economy is slowing down, with increased complexity and severity in the macroeconomic environment, including tariff impacts, trade friction, and geopolitical conflicts [2] - Domestic economic resilience is maintained, but investment is slowing, exports are hindered, and terminal consumption is weak, leading to insufficient internal growth momentum [2] Group 2: Company Performance Overview - In the first half of 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] - The company’s net profit excluding non-recurring gains and losses was CNY 268 million, a decline of 21.06% compared to the previous year [3] - Despite declines in key financial metrics, asset operation quality, profitability, and return on investment remain strong [3] Group 3: Business Strategy and Focus - The company emphasizes "sustainable development" and "high-quality development," focusing on core business and model innovation [3] - Key operational focuses include enhancing retail fundamentals, promoting high-quality development in engineering, optimizing layout for international strategy, and improving manufacturing capabilities [3] Group 4: Highlights from the Semi-Annual Report - Retail business remains stable, with a decline in PPR service households significantly lower than the industry average, leading to a steady market share increase [4] - Despite weak market demand, sales revenue from the waterproof business slightly increased, with improvements in household numbers and matching rates [4] - Sales decline in PVC products was minimal, with a gross margin increase of 2.55 percentage points, reflecting the company's efforts in product and brand recognition [4] Group 5: Market Challenges and Responses - The overall industry faces significant demand pressure and intensified competition, prompting the company to enhance product competitiveness and accelerate business transformation [5][6] - The company plans to expand into county and township markets with tailored strategies based on regional characteristics [7] Group 6: Future Outlook and Strategic Planning - The company anticipates a stable total volume in the plastic pipeline industry, with accelerated industry consolidation [8] - Future plans include strengthening retail business, accelerating engineering business transformation, and enhancing international strategy [8]