23, Shangfeng Cement released its report for the first half of 2023. Under the situation that the building materials industry is affected by the decline of real estate demand and other factors, which leads to the weakness of the market, the decline of product prices and the general decline of income benefits, the production and sales of the main products of Shangfeng still maintain a stable and tenacious growth, and the efficiency indicators such as gross operating interest rate continue to lead. In particular, the steady development and investment income contribution of the industrial chain extension wing and the new economic equity investment wing play an important supporting role in hedging the downturn of the main building materials industry and achieving high-quality balanced growth. In the first half of the year,
the company realized a total operating income of 3.209 billion yuan, down 9.49% year on year, and a net profit of 531 million yuan attributable to shareholders of listed companies, down 24.85% year on year; Among them, the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 386 million yuan, down 50.26% year on year, the comprehensive gross profit rate of operation was 29.79%, down 8 percentage points year on year, the net profit rate of sales was 17.51%, and the average return on equity was 6.18%. The scale of the company's main
building materials industry grew steadily. Duyun Shangfeng clinker cement production line, a new project, was put into operation smoothly, and Uzbekistan cement production line, a shareholding project, was put into operation step by step in the second half of the year; Various resource supporting construction projects were carried out in an orderly manner to further consolidate the foundation for the high-quality development of the main industry. In the first half of the year, the company sold 9.97 million tons of cement and clinker, an increase of 18.7% over the same period last year.
"Cement +" auxiliary wing industry projects maintain low carbon and high quality development. Aggregate business maintained a relatively high gross profit margin steadily, with revenue of 219 million yuan and operating profit of 129 million yuan in the first half of the year under the influence of market adjustment in some regions; In the first half of the year, the Company's cement kiln co-processing environmental protection business collected and transported various hazardous waste sludge, municipal solid waste and general solid waste, totaling about 198,100 tons, with an actual disposal volume of 135,700 tons and an operating income of 113 million yuan, becoming an important force in promoting the construction of "waste-free cities" in East China and Northwest China, absorbing environmental burdens and promoting the green ecological development of urban and rural areas. In the first half of the year, a total of 2.04 million kwh of green power generation was achieved, equivalent to saving about 670 tons of standard coal and reducing carbon dioxide emissions by about 2,033 tons. The first user-side energy storage power station was completed and put into trial operation, and the framework of Shangfeng digital low-carbon energy management platform was completed. Industrial chain extension business has begun to play an important supporting role in empowering the main industry, reducing costs and increasing efficiency, improving quality and consolidating capital. The return on investment in the new
economic equity investment wing appears. In the first half of the year, the company continued to focus on semiconductors and new energy materials to solve the "neck jam" problem in accordance with the "three stringent" principles, and invested 190 million yuan in Reddy Micro, Shenghe Crystal Micro and Xinying Science and Technology respectively. As of the end of the reporting period, the company's new economic equity investment scale totaled about 1.58 billion yuan, of which Jinghe Integration has been listed and issued, Zhongrun Solar Energy's application for listing has been accepted, and many bidders have started or planned to start the listing process. In the first half of the year, the company's stock securities investment income and fair value change income totaled about 212 million yuan, and the new economic equity investment wing steadily developed and gradually contributed to the income. The cultivation and expansion of the
environmental protection and new energy business and the new economy equity investment business not only became the new engine for the upgrading and adjustment of the industrial structure and the continuous growth of the performance, but also contributed new strength to the corporate social responsibility and ESG development.
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