Zhejiang Weixing New Building Materials (002372) H2 2025 earnings summary

Executive summary

• Revenue for 2025 was RMB 5.38 billion, down 14.12% year-over-year; net profit attributable to shareholders was RMB 740.78 million, down 22.24%.

• Gross margin remained stable at 41.14%; operating cash flow improved 2.7% year-over-year.

• The company maintained a high-end brand positioning, focused on core pipeline business, and accelerated innovation and international expansion.

• Significant investments were made in R&D, digital transformation, and manufacturing upgrades.

Financial highlights

• Operating income: RMB 5.38 billion, down 14.12% year-over-year.

• Net profit attributable to shareholders: RMB 740.78 million, down 22.24% year-over-year.

• Operating cash flow: RMB 1.18 billion, up 2.7% year-over-year.

• Basic and diluted EPS: RMB 0.47, down 22.95% year-over-year.

• Total assets at year-end: RMB 6.39 billion, down 3.61% from prior year.

Outlook and guidance

• 2026 revenue target set at RMB 5.7 billion, with cost and expenses targeted at RMB 4.72 billion.

• Focus on retail channel expansion, engineering business transformation, international market growth, and digital manufacturing.

• Continued emphasis on innovation, efficiency, and organizational vitality.