On August 29, Zhejiang Mining Heavy Industries released its semi-annual report for 2023. During the reporting period, the Company's revenue was approximately RMB400 million (391639146.36, RMB), representing an increase of 11.29% over the same period last year; the net profit attributable to shareholders of the Company exceeded RMB100 million (100710998, RMB), representing an increase of 6.4% over the same period last year.
From the perspective of products/services, the revenue of the complete production line of Zhejiang Mining Heavy Industry is nearly 250 million yuan (248665042.22), an increase of 5.84% over the same period last year; gross profit is 37.65%, a decrease of 7.17% over the same period last year. The revenue of single
crushing and screening equipment was nearly 95.32 million yuan (95319802.22), an increase of 27.84% over the same period last year; gross profit was 47.24%, an increase of 8.03% over the same period last year. The revenue from
accessories and others amounted to approximately RMB45.44 million (45444317.58 of RMB), representing an increase of 11.16% over the same period of last year; gross profit was 49.27%, representing an increase of 14.16% over the same period of last year.
Zhejiang Mining Heavy Industries said that the company will continue to focus on the overall development strategy, take high-end equipment manufacturing business as the core, continuously improve the intelligent level of existing products, improve the green intelligent mine management system, dig in depth the needs of customers of sand and gravel mine processing equipment and metal mine processing equipment, and grasp the downstream market changes. Actively develop various types of customer groups, through excellent product performance, enhance the company's equipment market share in the target market. In the future, the market space of crushing and screening equipment in the mining industry is expected to maintain steady growth.
It is understood that the crushing and screening equipment and complete production lines produced by Zhejiang Mining Heavy Industry can be used in the field of sand and gravel (mine) processing and resource recycling according to different uses. Among them, the sand (mine) equipment and production line are used for the production and processing of sand aggregate and metal mines; the resource recycling equipment and production line are used for the solid waste treatment and processing of construction waste, waste power batteries and other fields. Its downstream customers are mainly concentrated in the fields of sand and gravel mining and processing, metal mining and processing, and recycling of environmental protection resources.
In 2022, domestic sand and gravel production declined, but with the gradual improvement of the situation and the increase of infrastructure construction, the sand and gravel industry gradually stabilized. In addition, the supply-side reform of the industry and the high-quality development plan of the industry continued to advance steadily, and the large-scale and large-scale development of sand and gravel mining rights continued. The Company firmly grasped the market demand of medium and large mines and high-end equipment, and increased the share of the Company's equipment in the downstream target market through the launch of new products, the application of new technologies and excellent product performance, thus maintaining a steady growth in performance.
In the field of metal mines, the company is speeding up the layout and actively expanding the metal mine market. Taking the iron ore market as an example, China Iron and Steel Industry Association reported the "Cornerstone Plan" to the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Natural Resources and the Ministry of Ecology and Environment. The "Cornerstone Plan" proposed to use 2-3 "five-year plans" to effectively change the composition of iron resources in China and fundamentally solve the problem of short board of resources in the iron and steel industry chain. The goal is to achieve 370 million tons, 300 million tons and 220 million tons of domestic ore production, scrap steel consumption and overseas equity ore by 2025, respectively, an increase of 100 million tons, 0.7 billion tons and 100 million tons over 2020.
Therefore, in the next 5 to 10 years, China's mineral market will be based on the development and utilization of domestic mineral resources, and on this basis, the rational utilization of foreign resources will be an inevitable trend. The development of huge reserves of mineral resources and a large number of low-grade ores in China requires a large number of advanced crushing and screening equipment to improve the washing efficiency of concentrators, which will play a greater role in promoting the application of crushing and screening equipment in the iron ore industry, and the market incremental space will be gradually reflected with the deep mining and utilization of metal reserve resources such as iron ore.
In addition, with the advantages of understanding the technical performance of equipment and rich experience in mine construction and processing technology, the company has opened up upstream and downstream industries, and achieved diversified development by participating in project operation and management. In 2022, the company's operation and management business began to take shape, with an annual income of 31.7518 million yuan. With the implementation of the company's convertible bond fund-raising investment project "Waste New Energy Battery Recycling Equipment Manufacturing Demonstration Base Construction Project" and "Construction Waste Resource Recycling Equipment Production Base Construction Project", the company will continue to expand the downstream application scenarios of equipment in the future, realize the diversification of equipment application, and promote the development of equipment. Explore the strategic layout of the development from professional equipment manufacturers to integrated service operators.
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