Big layout! Conch Cement Establishes 76 New Companies to Acquire 12 Projects

2023-03-29 13:27:25

By the end of 2022, Conch Cement had 473 subsidiaries, 11 joint ventures, 7 associates and 1 partnership.

On the evening of March

27, Conch Cement released its 2022 annual report, which showed that the Group 's operating income in 2022 was 132.022 billion yuan, down 21.40% from the same period last year; Net profit attributable to shareholders of listed companies was 15.661 billion yuan, down 52.92% from the same period last year.

In 2022, the Group will actively promote project construction and mergers and acquisitions, continue to strengthen, optimize and expand its main cement business, actively extend the upstream and downstream industrial chains, and steadily expand new energy, energy conservation, environmental protection and other emerging industries. Two clinker production lines

of Chizhou Conch Capacity Replacement Project and Uzbekistan Karshi Project were successfully put into operation, and cement projects such as Chongqing Duoji Company, Hongji Cement and Hahe Cement were successfully acquired; Several aggregate projects such

as Tongling Conch New Building Materials Co., Ltd. and Fenyi Conch Building Materials Co., Ltd. have been completed and put into operation;

Nantong Conch Concrete Co., Ltd., Huai'an Conch Green Building Technology Co., Ltd. and other commercial concrete projects have been completed and put into operation, and the acquisition of four commercial concrete projects of Changsha Yongyun Building Materials, Changde Dingxing Company, Linxia Tianxiang Company and Guixi Yinggui Company has been completed;

Zongyang all-vanadium redox flow battery energy storage project and Xuancheng photovoltaic BIPV Phase I project were successfully put into operation; Conch Environmental Protection, a leading listed company in industrial solid hazardous waste disposal, was acquired, creating a new industrial growth pole.

In 2022, the Group added cement production capacity of 3.85 million tons, aggregate production capacity of 44.8 million tons, commercial concrete production capacity of 10.8 million cubic meters and photovoltaic power generation capacity of 275 MW.

As at the end of the reporting period, the Group's clinker production capacity was 269 million tons, cement production capacity was 388 million tons, aggregate production capacity was 108 million tons, commercial concrete production capacity was 25.5 million cubic meters, and the installed capacity of photovoltaic power generation in operation was 475 MW. The

report also shows that in 2022, 23 new Conch Cement companies were set up, of which Hexian Conch Green Building Materials Co., Ltd. was registered in March 2022. The industrial and commercial change was completed in October. During the

reporting period, Conch New Energy independently invested in the establishment of 53 new energy companies, as follows:

In addition, Conch Cement cancelled 5 companies. From May to October

2022, the Company completed the deregistration of five companies, namely, Fenyi Cangguling Building Materials Co., Ltd., Fanchang Branch of Anhui Conch New Energy Co., Ltd., Xing'an Conch New Materials Co., Ltd., Yancheng Conch Building Materials Co., Ltd. and Wangjiang Conch New Energy Co., Ltd. The cancellation of these companies will not adversely affect the overall production, operation and results of the Company.

According to the report, Conch Cement acquired 12 projects in 2022, and the information is as follows:

By the end of 2022, Conch Cement had 473 subsidiaries and 11 joint ventures. Participate in 7 associated companies and 1 partnership.

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Correlation

By the end of 2022, Conch Cement had 473 subsidiaries, 11 joint ventures, 7 associates and 1 partnership.

2023-03-29 13:27:25

According to the introduction, Sichuan Qingshan Cement Building Materials Co., Ltd. was established on June 11, 2010 and renamed as Sichuan Qingshan New Materials Co., Ltd. on April 10, 2015. The nature (type) of the company is a limited liability company, with its domicile in the railway station gathering industrial park of Pengxi County, Suining City, Sichuan Province, with a total area of 58666. There are two cement production lines (pulverizers) with an annual output of 600,000 tons, both of which can be used normally.