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Zhejiang Weixing New Building Materials (002372): The leading domestic retail pipeline company with three strategies to enhance product premium.
Report summary: The domestic PPR pipeline leader shows revenue resilience. The company focuses on plastics pipes, creating a complete water system product matrix. The company's revenue demonstrates resilience, achieving revenue of 3.773 billion yuan from Q1 to Q3 of 2024, year-on-year.
Major MSCI adjustment! Brokerage stocks are most favored, 20 companies are being removed.
On November 7th, Beijing time, the international index compiler MSCI announced the results of the November stock index review. Among them, 4 Chinese stocks were newly included in the MSCI China Index, while 20 individual stocks were removed. All changes will take effect after the market closes on November 25, 2024.
Zhejiang Weixing New Building Materials (002372): Continuously exerting new modes, patiently cultivating, and quietly awaiting harvest.
Event: The company released the third quarter report of the year 24, with revenue, net income attributable to parent company, and non-recurring net income attributable to parent company reaching 3.773, 0.624, and 0.612 billion respectively, up by 0.71%, -28.64%, -13% year-on-year.
WEIXING NEW BUILDING MATERIALS(002372):3Q24 PROFIT MARGIN UNDER PRESSURE DUE TO A HIGH BASE;OPERATING QUALITY REMAINS HIGH
zhejiang weixing new building materials (002372) 2024 third quarter report review: quarterly revenue under some pressure, retail trade business resilience still exists
Investment Highlights: The company released the third quarter report for 2024. In the first three quarters of 2024, the company achieved revenue of 3.773 billion yuan, +0.71% year-on-year; net profit attributable to mother 0.624 billion yuan, -28.64% year-on-year. Among them,
Zhejiang Weixing New Building Materials (002372): Weak demand, increased costs lead to a decline in Q3 revenue and profit.
Event: Revenue in Q1-Q3 2024 was 3.773 billion yuan, an increase of 0.71% year-on-year; net income attributable to parent company was 0.624 billion yuan, a decrease of 28.64% year-on-year; non-net profit decreased by 13.80% to 0.612 billion yuan. Q3 revenue 14.30
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