WEIXING NBM(SZ:002372)2024-05-29 08:35Group 1: Market Demand and Sales Channels - Current market demand across business segments remains weak, with no significant changes observed [1] - Retail sales channels are primarily through home decoration companies, project managers, and direct purchases by homeowners, with the proportion of home decoration companies increasing annually [1] - The company is focusing on enhancing market share through channel development, expanding product categories, and upgrading business models to improve core competitiveness [2] Group 2: International Strategy and Incentives - The company's international strategy is in the early stages, focusing on building marketing networks, developing international teams, and establishing overseas investment platforms [1] - The equity incentive plan is an ongoing mechanism, with specific timelines and plans to be determined based on development needs and various factors [1] Group 3: Financial Performance and Dividends - The company maintains a high cash dividend ratio, with plans for increased dividends in 2023 and a mid-year dividend plan for 2024, driven by low capital market performance and investor demands [2] - The company aims to balance profit margins and revenue growth, prioritizing risk control in uncertain operating environments [3] Group 4: Product Applications and Pricing Strategy - The company's pipeline products are categorized into three main series: PPR for building water supply, PE for municipal water supply and gas, and PVC for drainage and electrical protection [2] - Retail product pricing follows a cost-plus principle, with adjustments based on raw material price fluctuations and market demand [2] Group 5: Market Trends and Demand Sources - Retail business demand is primarily driven by new homes and renovations of existing properties, with a significant market space despite declining new housing completions [2] - The company believes that renovation demand is more closely linked to economic conditions, with resilient demand for essential and high-end renovations despite economic downturns [2]