Evergreen: In the first half of 2023, the net profit was about 267 million yuan, down 45.76% from the same period last year.

On August 23, Evergreen (000789) released a semi-annual performance report that in the first half of 2023, its operating income was about 4.106 billion yuan, a decrease of 29.74% compared with the same period last year, and its net profit was about 267 million yuan, a decrease of 45.76% compared with the same period last year. Explanation of reasons for changes in

operating revenue: The operating revenue for the period decreased by 29.74% as compared with the same period last year, which was mainly due to the fact that the production and operation of the Company were affected by various factors such as the price of coal and electricity, national macroeconomic policies, industrial policies, fixed asset investment in the areas covered by the business, and the cyclical, seasonal and regional characteristics were more obvious. During the

reporting period, the global economy continued to be depressed and the domestic economy was in a slow recovery stage, but the momentum was still weak, the imbalance between consumption and production may continue, and the problem of insufficient demand was further highlighted. The main business of Evergreen Company is closely related to the macroeconomic environment. The slowdown of economic growth will directly affect the scale of fixed assets investment, urbanization process, infrastructure construction, real estate market and many other aspects, which will be a greater challenge to the company's cement sales.

Evergreen said that it would pay close attention to the macroeconomic situation and industrial policies, optimize the strategic layout, continue to strengthen and optimize the main cement industry, speed up capacity replacement, transformation and upgrading in strict accordance with industrial policies, and comprehensively upgrade the level of technical equipment. Actively promote the joint reorganization of production capacity in the region, continuously optimize the layout, and enhance the ability to resist risks. Accelerate the extension of "cement plus" industrial chain, relying on its own resource advantages, vigorously expand upstream and downstream industrial chain projects such as aggregate, commercial concrete, new energy, freight logistics, etc.  

In order to actively respond to the national environmental protection policy and implement the concept of green and low-carbon development, China Cement Network will hold the "2023 Cement'Double Carbon 'Conference and the 10th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference" in Zhengzhou, Henan Province, from September 12 to 13, 2023. The cement industry is moving towards a low-carbon, more energy-saving and greener high-quality development.

At the same time, the medal ceremony of "2023 Advanced Enterprises of Double Carbon in Cement Industry" and the "Double Carbon" Equipment Exhibition will be held. After the meeting, we will also organize a visit to Jiyuan Zhonglian Cement Co., Ltd. "The world's first production line of carbon sequestration auxiliary cementitious materials and low-carbon cement from flue gas CO2 of steel slag capture cement kiln".