Guangdong Hongda: In the first half of 2023, the net profit attributable to the parent company increased by 26.89% over the same period last year, and the scale of the mining service sector continued

Guangdong Hongda released its semi-annual performance report for 2023 on the evening of August 3. In the first half of 2023, the Company achieved a total operating income of RMB 4.949 billion, an increase of 13.50% over the same period last year; realized a net profit attributable to the parent company of RMB 320 million, an increase of 26.89% over the same period last year; and deducted a net profit not attributable to the parent company of RMB 303 million, an increase of 32.36% over the same period last year. The overall performance of the Company was positive, which was mainly due to the continuous expansion of the mining service segment of the Company, the strategy of cultivating large customers and large projects, the strengthening of marketing, and the steady growth of performance. The civil explosive segment took advantage of the centralized procurement of raw materials, strengthened cost control, and increased gross profit margin through a series of cost reduction and efficiency enhancement measures, while the sales volume of electronic detonators increased, resulting in an increase in profits.

According to the Digital Building Materials DataBM. Com, Guangdong Hengda Mining Service Plate is mainly composed of Hongda Blasting Engineering Group Co., Ltd. Integrating specialized mining engineering service companies such as Fujian Xinhua Capital Engineering Co., Ltd., Hunan Lianshao Construction Engineering (Group) Co., Ltd., Angang Mining Blasting Co., Ltd., Angang Mine Construction Co., Ltd., and Beijing Zhongkeli Explosion Technology Engineering Co., Ltd., focusing on large and medium-sized open-pit mines, underground mines and on-site mixed explosives. It provides the first integrated mining solution service for global mining customers.

Its business scope includes: feasibility study consultation, optimization design of mining development scheme, mine infrastructure, engineering blasting, civil blasting production, ore mining and dressing, mine greening, tailings reservoir construction and overall operation management of mines, as well as value-added services including mining development consultation, investment and financing scheme design and optimization. The service mines cover metallurgy, non-ferrous metals, coal, building materials, chemical industry, energy, etc. At present, there are more than 100 mine projects under construction in operation, covering more than 30 provinces, municipalities, autonomous regions and countries along the Belt and Road.