Zhejiang Weixing New Building Materials: Net profit dropped 33.49% on flat revenue, with a 99% payout cash dividend proposed

About this update from Zhejiang Weixing New Building Materials Co. Ltd. Class A

Revenue declined 1.75% to ¥6.27 billion and net profit fell 33.49% to ¥953 million, mainly due to higher sales expenses and goodwill impairment. Retail market share increased, overseas revenue grew 26.65%, and a 99% payout cash dividend was proposed.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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