BBMG Group: It is estimated that the net profit in 2022 will be 1.2 to 1.4 billion yuan, down 59.1% to 52.3% year-on-year.

Jinyu Group announced on January 10 that the net profit attributable to shareholders of listed companies in 2022 is expected to be between 1.2 billion and 1.4 billion yuan, a decrease of 59.1% to 52.3% compared with the same period last year.

The announcement said that the main reasons for the performance changes were: during the reporting period, affected by repeated epidemics and other factors, the demand for cement was restrained, and the company's cement and clinker sales declined year-on-year; At the same time, the average price of raw materials such as coal increased significantly year on year, and the cost of cement and clinker increased year on year, which further reduced the profit margin of cement business and even the new green building materials sector. Affected by the overall market environment and the epidemic situation, the company's real estate carry-over area decreased significantly year-on-year, and the gross profit margin of carry-over was low, which led to a significant decline in the profits of the real estate development business and even the real estate development and operation sector.

In 2022, the company's cement and clinker sales were about 87 million tons, down about 13% from 99.72 million tons. The real estate carry-over area was about 1.244 million square meters, down about 32% from the same period of 1.834 million square meters.