Demand is down, shipments are down! Revenue of Red Wall shares decreased by 39.52%!

On April 11, Guangdong Red Wall released its performance report for 2022. The report shows that the total operating income of Red Wall in 2022 was 938 million yuan, a decrease of 39.52% over the same period last year; the operating profit was 90.94 million yuan, a decrease of 10.26% over the same period last year; the net profit attributable to shareholders of listed companies was 89.95 million yuan, a decrease of 20.23% over the same period last year; By the end of 2022, the total assets of Red Wall shares totaled 2.06 billion yuan, a decrease of 17.73% compared with the same period last year. The main reason for the decrease of

these data is: the demand of the downstream construction industry declined, and the company's shipment volume decreased, resulting in a year-on-year decline in operating income, but the company promoted a series of measures such as cost reduction and efficiency enhancement, optimization of asset structure, and actively responded to the impact of the decline in the business volume of concrete admixtures in the industry.