With the development of the cement industry, extending the industrial chain and developing sand and gravel aggregates and commercial mixing have become the only way for many cement enterprises to move towards resource-integrated enterprises.
Cement industry is no longer a single role of cement manufacturing, but plays the role of the founder of the whole industry chain from mine development, cement production to concrete manufacturing at the height of resource integration, so as to achieve the long-term development of enterprises.
The major cement giants are not only the giants of the cement industry, but also the giants of the aggregate industry and the giants of the commercial mixing industry.. What is the development of commercial mixing business of major cement enterprises
in 2022? For details, please see:
More than 70% of enterprises' mixed business income declined, and the total revenue scale fell below 100 billion
. 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.
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%). Mixed income of 27 listed companies
in 2020-2022 (Unit: 100 million yuan,%)
Data source: cement big data (https://data.ccement.com/)
More than 60% of enterprises have a decline in gross profit.
In 2022, 24 listed companies disclosed the data of commercial mixed gross interest rate. The data showed that the commercial mixed gross interest rate of 15 listed companies declined year on year, the commercial mixed gross interest rate of 8 listed companies increased year on year, and the commercial mixed gross interest rate of 1 listed company was flat.
On the whole, the overall gross profit rate (median) of 24 listed companies in 2022 is about 12.85%, which is 2.70 percentage points lower than that in 2021.
Among them, Tapai Group has the highest gross profit rate of 27.64%, followed by Evergreen, Leizhi Group, Hainan Ruize and Huaxin Cement, with the gross profit rate of 15-22%; Suning Global and Shentiandi a have the lowest gross profit rate of -2.17% and -11.98% respectively; The gross profit rate of the rest of the listed companies is basically around 0-15%.
According to the nature of enterprises, 11 of the 24 listed companies take cement business as their main business, while the remaining 13 companies do not have their own supporting cement business.
In 2022, the average gross profit margin of the commercial mixing business under the Cement Group was 15.19%, down 4.47 percentage points from the same period last year. The average gross profit margin of commercial mixing business of non-cement group was 8.48%, down 2.05 percentage points year-on-year.
It can be seen that in the context of falling cement prices in 2022 , the cement group's commercial mixing business still has cost advantages, but the gap with the non-cement group's commercial mixing gross profit margin has narrowed. Mixed Gross Profit Margin of 24 Listed Companies
in 2020-2022 (Unit:%)
Data Source: Cement Big Data (https://data.ccement.com/)
Overall, In 2022, due to the impact of the epidemic and the downturn of the real estate industry, the overall demand for concrete market shrank, coupled with the decline in the price of raw materials in the upstream and the lack of cost-side support, the commercial concrete business of listed companies experienced a decline in both volume and price, the overall revenue scale declined sharply, and the gross profit margin of sales generally declined.
At the same time, the scale of downstream funds has further increased, and the concrete business of listed companies is generally facing more serious repayment pressure and credit impairment risk, which has a significant drag on performance.
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