On March 31, Yunnan Construction and Investment Green High Performance Concrete Co., Ltd. (Yunnan Construction and Investment Concrete) released its annual report for 2022. According to the report, the revenue of Yunnan Jiantou Concrete Enterprise in 2022 is about RMB 1.681 billion yuan, which is 20.1% lower than that in 2021; the 154129 of ready-mixed concrete sales in 2022 is RMB 60,000 yuan, the 208603 of ready-mixed concrete sales in 2021 is RMB 80,000 yuan, and the sales of cement in 2022 is RMB 43.142 million yuan; In 2022, 29.959 million yuan of aggregate will be sold ; in 2021, 345,000 yuan of aggregate will be sold; in 2022, 690,000 yuan of mortar will be sold.
For the year ending 31 December 2022, the Group produced and sold 4.65 million cubic meters of ready-mixed concrete, 16,000 tons of polycarboxylic acid admixture, 530,000 tons of aggregate, 277,000 tons of cement and admixture and 6,700 tons of commercial mortar. The Group's revenue amounted to RMB1,680.7 million, representing a year-on-year decrease of 20.1%; Profit before income tax was RMB36.4 million, representing a year-on-year increase of 142.7%; net profit was RMB29.9 million, representing a year-on-year increase of 346.3%; and net profit attributable to owners of the Company was RMB27.2 million, representing a year-on-year increase of 3,785.7%. As at 31 December 2022, the Group had 45 concrete batching plants and 85 production lines with an annual production capacity of 19.656 million cubic meters. The Group also had 171 traditional fuel-fired concrete delivery vehicles, 3 electric concrete delivery vehicles, 5 electric loaders and 1 battery swap station.
In 2022, affected by the international and domestic demand environment and the frequent outbreak of domestic epidemics, the output of major products in the ready-mixed concrete industry decreased significantly compared with the same period in 2021. According to the statistics of China Concrete and Cement Products Association, in 2022, the output of commercial concrete in China was 3.031 billion cubic meters, with a year-on-year decline of 11.8%; the decline in Southwest China was more than 20%, and the decline in Yunnan Province was close to 20%. According to the statistics of Kunming Bulk Cement Commercial Concrete Association, by the end of 2022, there were 100 legally qualified main enterprises and 85 member units in Kunming, with a total output of ready-mixed concrete of about 11 million cubic meters and an output value of about RMB 3.85 billion, a decrease of 60% compared with the same period in 2021 (2021: 27.36 million cubic meters). As of December 31,
2022, the total assets of Hainan Ruize Company amounted to RMB4,831 million, representing an increase of 1.4% from the end of 2021. The assets of Hainan Ruize mainly comprised trade and bills receivables, cash and bank deposits and property, plant and equipment, which accounted for 90.2% of the Group's total assets, of which trade and bills receivables and other assets accounted for 83.2% (≈ RMB4,019 million) and 7.0% (≈ RMB338 million) of the total assets, respectively. As of December 31, 2022, the total liabilities of the Group amounted to RMB3,461 million (December 31, 2021: RMB34.14 million), representing an increase of 1.4% as compared with the end of 2021.
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