Sanhe Pipe Pile: net profit of 55.1677 million, up 109.81% year on year!

On August 25, Guangdong Sanhe Pipe Pile Co., Ltd. released its performance report for the first half of 2023. The

report shows that in the first half of 2023, the operating income of Sanhe Pipe Pile was 3.305 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 at the end of the reporting period, the total assets of Sanhe Pipe Pile amounted to RMB5.926 billion, representing a year-on-year increase of 3.97%.

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.