Revenue 24.856 billion! Western Construction Releases 2022 Annual Report

On April 7, the Western Construction released its annual report for 2022. The annual report shows that the operating income of Western Construction in 2022 is 24.856 billion yuan, a year-on-year decrease of 7.69%; the net profit attributable to shareholders of listed companies is 551 million yuan, a year-on-year decrease of 34.82%; during the reporting period, the newly signed contract value is 58.270 billion yuan; Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 479 million yuan, a decrease of 36.2% over the same period last year. By the end of 2022, the total assets of western construction totaled 33.303 billion yuan, an increase of 10.9% over the same period last year. Basic information of

main products:

1. Main production and marketing mode Due to the quality characteristics of ready-mixed concrete products, the products cannot be stocked. The company carries out concrete sales business in 26 provinces (autonomous regions and municipalities directly under the Central Government) in the mode of "production based on sales" and "production and sales". In 2022, the company's production and sales of ready-mixed concrete products were 56.0193 million cubic meters, down 8.24% year on year. The gross profit margin of the company's ready-mixed concrete products was 10.36%, unchanged from the same period last year.

Production capacity As at the end of the reporting period, the Company had a designed production capacity of 10749 million cubic meters of ready-mixed concrete. During the reporting period, the company is building 7 new ready-mixed concrete production capacity investment projects, which are expected to increase production capacity by 5.6 million cubic meters after putting into operation.

3. Raw materials and energy and their supply The main product of the Company is ready-mixed concrete, and the main raw materials and energy for the production of ready-mixed concrete are cement, sand and electricity. In 2022, affected by the external environment, the purchase price of the main raw materials of the company's ready-mixed concrete products declined as a whole. The company keeps abreast of the market situation and ensures the stable supply of raw materials through centralized procurement of materials. By

the end of 2022, the accounts receivable of western construction amounted to 21.343 billion yuan, accounting for 64.08% of the total assets.