Yatai Group's Response to the Forecast of Huge Losses in the First Half of the Year

Recently, some investors asked Yatai Group: I would like to ask how the management of the company plans to reduce losses and turn losses into profits when the company suffers huge losses in 2022 and forecasts huge losses in the semi-annual report of 2023? In

this regard, Yatai Group said: Hello, in order to ensure business performance, the company plans to implement specific improvement measures as follows:

1. Further integrate and optimize resources, strengthen the management of accounts receivable and the revitalization of idle assets. According to the marketing strategy of expanding the market, the sales volume of cement and clinker products in building materials industry should adjust the proportion of land sales and sea sales, strengthen the control of market funds, and ensure the maximization of benefits; The real estate industry has accelerated the depletion of land and inventory resources, and actively promoted the recovery of funds for projects such as Wuqing in Tianjin through the management and control of special classes for first-level land consolidation projects.

2. Strengthen capital operation, adjust the structure of assets and liabilities, and continue to promote the equity transfer project and other capital operation projects of Northeast Securities Co., Ltd.   

3. By insisting on marketing innovation and market breakthrough, implementing "double-line work and all-staff marketing", focusing on the market, expanding customers and strengthening services, we will comprehensively promote marketing and increase business income. By strengthening innovation management, we will promote the construction and application of digitalization and digitalization, promote the whole chain management of scientific and technological innovation, and enhance core competitiveness and profitability; Through fine management and control of the whole process of production and the cost of the whole link, the company will continue to reduce costs and expenses, build a green low-carbon cycle development industry chain, and realize the qualitative transformation of the company's operation.

4. On the basis of broadening sources of income and reducing expenditure, we will do a good job in the overall management of capital revenue and expenditure, take the capital revenue and expenditure plan as the core, focus on cash flow control, optimize the capital structure, adjust financing channels, reduce financing costs, improve the efficiency of capital use, ensure the safety of the company's cash flow, and achieve the company's sustainable development.

Thank you for your interest in the company!

According to China Cement Network, on July 15, Yatai Group, a A-share listed company, issued a semi-annual performance forecast. The company expects to increase its losses from January to June 2023, and the net profit attributable to shareholders of listed companies will be-1 billion-850 million. Net profit fell 78.22% to 51.49% year on year.