On August 25, Guangdong Sanhe Pipe Pile Co., Ltd. released a report on the first half of 2023. The
report shows that Sanhe Pipe Pile's revenue in the first half of the year was 3.304 billion yuan, up 23.35% year-on-year; the net profit attributable to shareholders of listed companies was 55.1677 million yuan, up 109.81% year-on-year. As of June 31, 2023, the total assets of Sanhe Pipe Pile are 5.926 billion yuan, up 3.97% year-on-year; the net assets attributable to shareholders of listed companies are 1.78 billion yuan, down 0.78% year-on-year.
According to the specific product division, the company belongs to the precast concrete pile industry. Precast concrete pile is a kind of pile product prefabricated with steel, concrete and other materials, which can be divided into pipe pile and square pile according to the external shape. Prestressed concrete pipe pile is a kind of prestressed concrete pile with circular section, which is formed by centrifugal and prestressed technology. Pipe pile is the main product of precast concrete pile industry. The pipe pile whose concrete strength grade is not lower than C80 is high-strength concrete pipe pile (PHC pipe pile for short). The mainstream product of prestressed concrete pipe pile is PHC pipe pile, whose main function is to transfer the load of buildings or structures to the foundation, and it is one of the main pile foundation materials of various engineering buildings in China.
According to the analysis on the operation of the concrete and cement products industry in the first half of 2023 released by China Concrete and Cement Products Association:
1. In the first half of 2023, the main economic indicators of the concrete and cement products industry showed a year-on-year negative growth. The main business income of the industry was RMB767.885 billion, representing a year-on-year decrease of 9.8%; the total profit was RMB18.554 billion, representing a year-on-year decrease of 16.18%.
2. In the first half of 2023, the cumulative output of key products in the concrete and cement products industry, except for precast concrete piles, declined to varying degrees.
3. In the first half of 2023, the cumulative output of precast concrete piles declined first and then increased, and began to increase from March. From January to June, the cumulative output of precast concrete piles in China was 217 million meters, an increase of 7.5% over the same period last year.
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