Contrarian revenue 15.2 billion! CSG will dump its peers in 2022

Digital Building Materials DataBM. Com reported on April 26 that Nanbo Group released its annual report for 2022 and its quarterly report for 2023 on the evening of 25th. The annual report of

2022 shows that the company's annual revenue is 15.199 billion yuan, an increase of 11.16% over the previous year; the profit attributable to the parent company is 2.037 billion yuan, an increase of 33.47% over the previous year; the basic earnings per share is 0.66 yuan, an increase of 32% over the previous year.

From the perspective of revenue, CSG's revenue growth is fully in line with the company's leading position in the float glass industry, which is "ordinary". However, according to the overall situation of the industry, the float glass industry generally suffered losses in 2022. Excluding the second and third echelons of enterprises in the industry, Qibin Group, which belongs to the first echelon and released its financial report for 2022 and the first quarter of 2023 on the same day, saw a 9.42% year-on-year decline in its revenue in 2022 and a 68.95% decline in its profit attributable to its mother.

In this case, CSG's revenue growth of 11.16% is against the current, leaving its peers behind. In

2022, the glass industry of CSG achieved a revenue of 10.057 billion yuan, down 9.4% year-on-year, accounting for 66.18% of the total revenue, while in 2021, the figure was 81.18%, and the proportion of the glass industry declined sharply. During the

reporting period, the revenue of electronic glass and display device industry was 1.643 billion yuan, down 13.60% year-on-year, accounting for 10.81% of the total revenue, down 3.1 percentage points from 2021.

In 2022, the company's solar energy and other industries achieved revenue of 3.889 billion yuan, an increase of 257.46% over the previous year, accounting for 25.58% of the total revenue, an increase of 17.61 percentage points over 2021.

Solar energy business has gradually become the second growth pole of the group.

In view of the company's adverse profit growth in 2022, Nanbo Group said that with the strong support of solar energy business and engineering glass business, it effectively diluted the impact of cyclical fluctuations in traditional businesses such as float. In the first quarter of

2023, CSG achieved a revenue of 4.070 billion yuan, an increase of 46.13% over the previous period, and a profit attributable to parent company of 396 million yuan, an increase of 3.32% over the previous period; Basic earnings per share was 0.13 yuan, an increase of 8.33% over the previous period.