On November 21, the commissioning ceremony of Huarun Hongshuihe Cement Project with an annual output of 3 million tons of aggregate was held in Binyang County, Nanning, Guangxi.
▲ The total investment of the first batch of aggregate delivery
project is about 200 million yuan, and the designed annual production of high-quality fine aggregate is 3 million tons. The completion of the project not only strengthens and enlarges the aggregate business of China Resources Cement and builds the growth pole of aggregate business, but also further enhances the market competitiveness of Hongshuihe Cement and injects strong new momentum into the transformation and development of enterprises.
It is understood that Jing Shiqing, president of China Resources Cement, said recently: In recent years, China Resources Cement has continued to invest in aggregate mining business, and the company has six new mine resources in Hubei, Guangxi and Chongqing. As of the first half of 2023, the company's annual aggregate production capacity is about 83.4 million tons. After the completion of the aggregate project, the annual production capacity of aggregate is expected to reach 146.4 million tons.
We expect that the annual aggregate sales will exceed 40 million tons this year, with an average selling price of about 40 yuan/ton in the first half of the year and a gross profit rate of about 40% -50%. We believe that with the release of production capacity, next year's sales volume is expected to exceed 70 million tons, which will become a strong source of profit growth for the company.
In recent years, under the background of the great development of sand and gravel aggregate, cement enterprises have vigorously expanded the sand and gravel aggregate business by virtue of their good cash flow and high business synergy, and the importance of mines has been further highlighted.
For cement enterprises with advanced management level, advanced production technology and equipment, entering the aggregate, concrete and assembly industries is a win-win mode of enterprise value chain integration.
It is not only of great significance for cement enterprises to grow from small to large and from large to strong, but also conducive to promoting the organic integration and linkage development of cement, concrete, aggregate and prefabricated construction industries, thereby improving the quality of construction, reducing the consumption of raw materials and realizing the transformation of the mode of economic growth.
At the same time, according to the performance reports published by major cement groups, it is an indisputable fact that net profit has dropped sharply year on year. The sand and gravel aggregate plate business has become the fastest growing high-margin business area for enterprises. The development of cement
market has entered a bottleneck period, cement enterprises have begun to "find another way out", and sand aggregate has become an important growth pole of cement enterprises.
According to the semi-annual report of Conch Cement, eight aggregate projects of Conch Cement were put into operation smoothly in the first half of 2023, with an aggregate production capacity of 130 million tons and an additional aggregate production capacity of 21.6 million tons. Aggregate and machine-made sand achieved revenue of 1.685 billion yuan and gross profit of 57.55%, up 1.78 percentage points from the same period last year, which is the only business in Conch Cement's main business with increased gross profit margin in the first half of 2023.
Conch Cement said that in the future, it will accelerate the extension of the chain, strengthen the chain, vigorously develop the aggregate industry, focus on promoting the start of stock projects, steadily promote new independent aggregate projects, and create new profit growth points.
As of the first half of 2023, Tianshan shares have aggregate production capacity of 230 million tons. In the first half of 2023, 63.42 million tons of aggregates were sold, an increase of 25.53% over the previous year. Aggregate gross margin was 37.15%.
Tianshan shares said that there is still a certain gap between its aggregate production capacity and clinker and cement production capacity compared with large international enterprises, and there is a large space for development. According to the development mode of large-scale cement enterprises in the world, Tianshan will focus on the development of "cement plus" business such as aggregate business in the future, and promote the further extension of the industrial chain by utilizing the company's rich experience in the production and operation of basic building materials industry, so as to realize the integration and matching of the vertical industrial chain from mine to clinker, cement, aggregate to commercial concrete.
Huaxin Cement sold 50.5124 million tons of aggregates in the first half of 2023, an increase of 103.30% over the same period last year. It is understood that Huaxin cement aggregate production capacity has reached 210 million tons per year with the production of 20 aggregate production lines such as Yangxin 100 million tons of machine-made sand and gravel project (Phase I), Zigui, Yichang, Quxian Phase II and Honghe.
According to the plan, Huaxin Cement will account for 40% of its non-cement business revenue at the end of the 14th Five-Year Plan period. Huaxin Cement made a clear commitment in 2022 that the total proportion of non-cement business such as machine-made sand and prefabricated mortar will exceed 50% in the next five years. With the success of the company's integrated development strategy and the construction of the second growth curve, Huaxin Cement Aggregate, Concrete and other non-cement businesses will usher in rapid growth.
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