Securities code: 002372 securities abbreviation: Zhejiang Weixing New Building Materials Co.Ltd(002372)
Zhejiang Weixing New Building Materials Co.Ltd(002372) record of investor relations activities
No.: 2021-056
□ specific object research □ analyst meeting
Investor relations activities □ media interview □ performance briefing
Other □ press conference □ Roadshow
□ site visit √ others: teleconference
Shenwan Hongyuan Group Co.Ltd(000166) Securities: Dai Mingyu, Zou Jiewei; Penghua Fund: Zhang Jia; Shaoserva Investment: Wang Rui; Yingge Investment: Wang Xiaosong; China Merchants Energy Shipping Co.Ltd(601872) : Kong Kang; Jiutai Fund: Feng Tao, Huang Hao, Liu Kaiyun; Everbright Securities Company Limited(601788) : Xiao Yisheng, Zhang Xiguang; Industrial Fund: Chen Xu; Goldman Sachs asset management: Wen Shuhan; Baiben Investment: Huang Yong; Managed assets: Tao Ran; National Social Security Fund: Kong Xiaoting; BOC Fund: Zhao Jianzhong; Hantan Investment: Wu Zhifeng, Cai Xiaobo; Related assets: Zhang Tao; Galaxy Fund: shenyufei, Yang Wenchao; Huichuang Juxiang Investment: Cheng Sheng; McCallum Capital：Charles； Greenland financial holding: Wen Haiyuan; Xinran Investment: Li Huikun; Anxin Securities: Ma Zhengnan; Ping an asset management: Cai Tangdong, Zhang Hui; Guoyuan asset management: Chu Jie; Fosun Prudential Life Insurance: Zhu Jiaying, Li Xinyu; Henan Qingshuiyuan Technology Co.Ltd(300437) Investment: Wu Wei; RVX：Tracy Liu； Zhanbo Investment: Li Yongliang; Yong’an Property Insurance: Cheng Jianguo; Qianhai haochuang capital: Gao Qian; Rays Capital Partners: Zhang Yankun; Sino Thai asset management: Wang Tao; Debang Securities: name and person of the participant
Yang Xiaoyu; Soochow life insurance: Jiang Yunqiu, Zhou Rui; CITIC Prudential Fund: Zhang Anning; Citic Securities Company Limited(600030) self employed: name
Lin Feng; Yongxing Securities: Wu Mengmin; Zhejiang BaWO assets: Qi Liya; Park Yi: Chen Qiaoyu; Huabao Trust: Gu Baocheng; Xi’an Investment: laizuhua; Dingtian Investment: Li Shengmin; Everbright Prudential Fund: Su Miao; Jingshun Great Wall: Han Wenqiang; CCB Trust: Chang Xinyue; Chengrui Investment: Yang Liyu; Tianzhi Fund: Tian Huan; PICC pension: Huang Yifan; Anxin Fund: Fu Ming; Yinye Investment: Xu Siyang; Fubang investment letter: Jason; Everbright Yongming life insurance: Yu Yue; Poole Investment: Chen Weirong; Cathay Pacific Investment letter: pet er; Taji asset management: Zhang Zhiliang; Oriental alpha Fund: Pan Lingzi; Tianhui Investment: Guo Lijiang; Kaiyu capital: Feng Tong; Zhongrong Fund: Xiong Jian; Zhongre assets: Zhao Yong; CITIC Prudential Asset Management: Jin Wei; Mingze Investment: Gaoshan; Yinhua Fund: Jia Peng; Ping An Fund: Liu Yiying; China Europe Fund: Feng Hanjie; Patio Investment: Liu Honghai; Calm investment: Chen Chunyan; SDIC UBS: Dai Zhenhua, etc.
Time: December 23, 2021
Location company
Names of receptionists of listed companies such as Tan Mei
1. Could you tell me something about the company’s recent operation?
A: the company’s operating revenue from January to September 2021 was 4.026 billion yuan, a year-on-year increase of 25.02%; The net profit attributable to the shareholders of the listed company was 773 million yuan, a year-on-year increase of 5.27%; Excluding the impact of amortization expense of equity incentive and investment income of Dongpeng Heli, the net profit and operating income basically increase synchronously. The company’s recent operation is normal and has maintained a steady development trend.
2. What is the company’s outlook for next year’s business under the current economic environment?
A: for the retail business, although the macro-control policy will still have a great impact on the real estate industry chain, the company’s retail business is mainly oriented to rigid demand and improvement demand. At the same time, the base of stock houses is large, and the secondary decoration is increasing year by year. Therefore, we believe that the development space of the retail market is still large. For municipal engineering, the market environment next year is expected to be slightly better than this year, and the policy may be more relaxed, which is conducive to the development of municipal engineering business. In terms of construction engineering, the real estate industry is greatly affected by the regulation policies on the whole, and the market competition will be more intense. The company will continue to adhere to the principle of “risk control first”, optimize customers and projects, constantly strengthen the company’s core competitive advantages, and promote the steady development of construction engineering business next year.
Investor relations activity host 3. What is the current price of the company’s raw materials?
A: at present, the price of raw materials has decreased month on month, still increased year-on-year, and generally shows a high shock trend. Among them, PPR and PE are relatively stable, while PVC has dropped but is still at a high level.
4. What is the impact of real estate risk fermentation on the company’s construction customers?
A: the customers of the company’s construction engineering business are mainly high-end real estate developers with brand positioning. At present, they are mainly state-owned enterprises, central enterprises and local brand enterprises, which are less affected by real estate risks and have a very stable development trend. At the same time, such enterprises pay more attention to product quality and pursue high-quality and sustainable development. They are very consistent with the trend of “consumption upgrading” with the brand positioning and business philosophy of the company’s products, which is conducive to the sustainable health of the company’s business.
5. Under the systematic pressure of real estate risk, what is the market competition pattern, and whether there is a phenomenon of accelerating the “liquidation” of small enterprises?
A: the pressure of this round of real estate regulation is indeed accelerating the survival of the fittest in the pipeline industry. Small enterprises are difficult to survive and even phased out. High quality large-scale enterprises survive better and expand gradually in this environment, and the industry concentration is further improved.
6. What is the proportion of each sales channel of the company’s retail business?
Answer; The company’s retail business mainly has three sales channels: home decoration company, water electrician foreman and owner self purchase. The specific proportion of each channel in different regions is different. The first and second tier cities are dominated by home decoration companies, while other regions are dominated by water electricians, foremen and owners.
7. It is expected that the underground pipe gallery will exert its force during the “14th five year plan”. How do you view the impact on the company?
A: the underground pipe gallery includes the construction and pipeline laying of the gallery body. Its pipeline consumption and categories are very large, involving municipal water supply and drainage, gas, heat and other fields. Generally, the company only serves as a material supplier and will not participate in the construction of the corridor; The promotion of the construction of underground pipe gallery should have a positive impact on the expansion of the company’s municipal engineering business.
8. Please look forward to the product pricing next year?
A: the company’s product pricing mainly adopts the cost plus method. Among them, the prices of engineering products follow the market and are priced according to the order; The price system of retail products is relatively stable. If the cost side fluctuates greatly, the company will comprehensively consider various factors and adjust the product price appropriately.
9. What is the regional expansion of the company’s businesses?
A: the company’s engineering business mainly focuses on the surrounding markets and weak markets of the production base; Retail business has actively expanded key regions such as North China, central China, southwest and northwest through various measures. It can be seen from the 2021 semi annual report that the expansion of these regions is gradually achieving results.
10. What is the development of the company’s new business?
A: Waterproof business and water purification business are the key products cultivated by the company in recent years. It is hoped that they can also develop into leading products other than pipelines in the future. At present, the operation of the two businesses is normal and basically carried out as planned.
Annex list (if any) none
Date: December 23, 2021
