[Special Topic] Comparative Analysis of Commercial Mixed Business Development of Listed Companies in 2022

First, more than 70% of enterprises'mixed business income declined, and the total revenue scale fell below 100 billion yuan

. In 2022, 27 listed companies achieved a total mixed business income of 98.492 billion yuan, a decrease of 17.48% compared with the same period last year, and the growth rate declined by about 21.16 percentage points compared with 2021.

In terms of total revenue, in 2022, China's building materials industry achieved a mixed revenue of 36.132 billion yuan, continuing to rank first in the industry. The second and third places of commercial mixed income are Western Construction and Shanghai Construction Engineering, and the ranking has not changed. Huaxin Cement rose one place and China Resources Cement fell one place, ranking fourth and fifth respectively. The top five listed companies achieved a total commercial mixed income of 81.797 billion yuan, accounting for 83.05% of the total commercial mixed income of 27 listed companies, a decline of about 1.27 percentage points compared with 2021. Finally, Xizang Tianlu, Shangfeng Cement, Tailin Kejian, Huaibei Green Gold and Suning Global's annual commercial mixed income is between 0.22 and 218 million yuan, ranking in the bottom five.

From the perspective of income growth, in 2022, 20 listed companies'mixed business income decreased year-on-year, with a decline of more than 40% in Shenzhen Tiandi A (-73.56%), Xizang Tianlu (-64.56%), Jinyuan Shares (-63.86%) and Suning Global (-41.33%). The mixed revenue of the remaining 16 listed companies fell between 7.01 and 29.88% year on year.

At the same time, 7 listed companies achieved year-on-year growth in commercial mixed revenue. Among them, the largest increase was conch cement, and the revenue of commercial mixing increased by 711.09% year on year. The remaining six companies with revenue growth were Huaxin Cement (61.64%), Western Cement (24.06%), Sifang New Material (20.08%), Huaibei Green Gold (6.92%), Shandong Luqiao (2.94%) and Leizhi Group (1.76%).

Table 1: Commercial Mixed Income of 27 Listed Companies in 2020-2022 (Unit: 100 million yuan,%)

Data source: Cement Big Data (https://data.ccement.com/)