Sifang New Material: Commercial mixed production of 2.7341 million square meters in the first half of the year! Year-on-year growth of 51.11%!

On August 26, Chongqing Sifang New Material Co., Ltd. released its annual report for the first half of 2023. The

report shows that by the end of the reporting period, the company's monetary capital was 502 million yuan, down 2.03% year-on-year; accounts receivable was 2.05 billion yuan, up 4.26% year-on-year; construction in progress was 45.141 million yuan, down 76.1% year-on-year.

From January to June, the production volume of commercial concrete of the Company was 2.7341 million cubic meters, with a year-on-year increase of 51.11%; the operating income was RMB 957 million, with a year-on-year increase of 30.03%; the net profit attributable to the parent company was RMB 0.08 million, turning from profit to loss compared with the same period last year.

The company is a building material manufacturer mainly engaged in the research and development, production and sales of commercial concrete, as well as the production of sand and gravel aggregates for construction. At present, it mainly produces and sells ordinary commercial concrete, high-strength commercial concrete and special commercial concrete of various strength grades. The products are widely used in real estate development and infrastructure construction such as roads, bridges, tunnels and water conservancy.

As of the end of the reporting period, the Company has 4 commercial concrete production bases with a designed production capacity of about 15.5 million cubic meters per year; 2 mortar production lines with an annual design capacity of 1.2 million cubic meters per year; in addition, the Company also has the supply capacity of asphalt concrete, cement stabilized layer and other products. The company and its holding subsidiaries have obtained the "Green Building Material Rating Certificate for Ready-mixed Concrete".