On August 30, Shenzhen Tiandi Group Co., Ltd. released its performance report for the first half of 2023. The
report shows that the operating income of Shenzhen Tiandi in the first half of the year was 89.4618 million yuan, down 58.29% year-on-year; the net profit attributable to shareholders of listed companies was -50.959 million yuan, up 18.58% year-on-year; by the end of the reporting period, the total assets of Shenzhen Tiandi were 1.355 billion yuan, down 10.56% year-on-year.
The company is a listed company with commercial concrete as its main industry and real estate as its pillar industry. Its main industries include the production and sale of commercial concrete, real estate development and property management. During the
reporting period, the competition in the concrete market further intensified and the selling price continued to decline. The overall market demand has declined, competition has further intensified, the ability of enterprises to raise prices has deteriorated, and prices have continued to decline. Under the background of reduced market demand and difficult recovery of payment for goods, the company has strengthened market development, focusing on the development of municipal engineering projects in Shenzhen, paying close attention to cost reduction and efficiency enhancement, ensuring production safety and quality stability, strengthening technical investment, especially investment in technical training, and improving the technological innovation ability of enterprises; Improve the quality and total amount of comprehensive utilization of resources, improve market competitiveness, and enhance quality, service and brand awareness; for the accounts receivable of concrete business, the Company not only supervises the collection of accounts receivable of key customers, but also strengthens the application of legal means, strengthens the collection of accounts receivable, and speeds up the collection speed. During the
reporting period, the domestic real estate market continued to be depressed. According to the data released by the National Bureau of Statistics, in the first half of 2023, the national real estate development investment was 5855 billion yuan, down 7.9% from the same period last year; of which, the residential investment was 444.39 billion yuan, down 7.3%. The housing construction area of real estate development enterprises was 791548 million square meters, down 6.6% from the same period last year. Among them, the residential construction area was 557.083 million square meters, down 6.9%. New housing construction area was 49880 million square meters, down 24.3%. Among them, the new residential construction area was 363 million 400 thousand square meters, down 24.9%. The completed housing area was 339.04 million square meters, an increase of 19.0%. Among them, the completed residential area was 246 million 40 thousand square meters, an increase of 18.5%. According to the data released by Shenzhen Statistical Bureau, in the first half of 2023, the investment in real estate development in Shenzhen increased by 20.8% year-on-year, which is higher than national average.
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