In 2022, the cement industry encountered unprecedented difficulties. In the first quarter, the downstream construction was slow, and the demand recovered less than same period. After entering the second quarter, the epidemic rebounded strongly, and the demand stagnated. In the third quarter, the downstream construction was weak due to extreme weather interference, and in the fourth quarter, the peak season failed, and the demand continued to weaken.
In general, a number of listed cement companies in the https://price.ccement.
have recently issued performance forecasts for 2022, and the net profit of most companies has decreased by more than 50% compared with the same period.
Performance Summary
Data Source: 2022 Performance Forecast
of Enterprises Specifically,
Conch Cement
expects to achieve a net profit of 139.73% attributable to the owners of the parent company in 2022. Compared with the same period of last year (statutory disclosure data), it will decrease by 16.634 billion yuan to 192.
The announcement said that the main reason for the performance reduction was that in 2022, the demand for cement market declined due to the downturn of the real estate market and repeated epidemics. The sales price and sales volume of cement products of the Company decreased as compared with the same period last year. Meanwhile, the product cost of the Company increased as compared with the same period last year due to the increase in coal price and electricity price.
Tianshan Stock
China Building Materials (03323) issued a notice. Xinjiang Tianshan Cement Co., Ltd. (Tianshan Cement), a subsidiary of the company, is expected to return a net profit of 4 billion yuan to 5.2 billion yuan in 2022 , a decrease of 68.08% to 58.
As compared with the same period of last year, the main reason for the change in results during the forecast period was that during the reporting period, the sales volume and price of cement clinker and commercial concrete, the main products of Tianshan Cement, decreased to varying degrees as compared with the same period of last year due to the decrease in market demand as a result of the repeated COVID-19 epidemic and the decline in the growth rate of investment in real estate development. Affected by the rising prices of coal and other major raw materials, the cost of cement clinker increased year on year.
Jidong Cement
Company expects to achieve a net profit of 1.35 billion yuan to 1.52 billion yuan attributable to shareholders of listed companies in 2022, a decrease of 51.96% to 45% compared with the same period last year.
Affected by the downturn of the real estate industry and other factors, the comprehensive sales volume of cement and clinker decreased as compared with the same period last year. Meanwhile, the cost of cement and clinker increased as compared with the same period last year due to the significant increase in the prices of coal and other major raw materials. According to the preliminary assessment of the unaudited consolidated management accounts of
China Resources Cement
, the profit attributable to the owners of the company in 2022 is expected to decrease by about 74% to 78% year-on-year.
This was mainly due to the increase in the unit cost of sales of the Group's cement products, the decrease in the sales volume of the Group's products and the decrease in the average selling price of cement and clinker in the Group's business operation areas.
Huaxin Cement
expects a net profit attributable to the parent company of 2.521 billion yuan in 2022-28.
The main reason for the decrease in performance is that during the reporting period, it was affected by factors such as the repeated COVID-19 epidemic and the downturn of the real estate industry. The consolidated sales volume of cement and clinker, the leading products of the Company, decreased as compared to the same period last year. Meanwhile, the cost of cement and clinker increased as compared to the same period last year due to the increase in energy prices.
Shanshui Cement
is expected to end on December 31, 2022. Profit attributable to equity holders of the Company for the year ended 31 December 2021 was approximately 27.
2022. Affected by factors such as epidemic, climate and decline in market demand, the sales volume of cement decreased and the operating revenue decreased as compared with 2021. In terms of cost, due to the increase in the price of raw materials and coal and electricity, the operating cost increased compared with 2021, which reduced the profit margin.
ACC
expects the Group's unaudited profit attributable to equity holders for the year ending 31 December 2022 to decrease by approximately 75% as compared to the same period in 2021.
The Board is of the view that the above expected decrease is mainly due to the decrease in sales volume and selling price of the Group's products and the increase in coal cost during the Period.
expects to achieve a net profit of 920 million yuan to 1.030 billion yuan attributable to shareholders of listed companies in 2022, a decrease of 52.67% to 57
. Influenced by the epidemic situation in China, the weak macroeconomic environment, insufficient funds for infrastructure projects and the expansion of investment in real estate development nationwide, the sales volume and price of cement products of the Company decreased. At the same time, the increase in coal price compared with the same period last year pushed up the manufacturing cost of cement products and the profit margin of products decreased significantly.
Tapai Group
expects a net profit of 220 million yuan in 2022.
Affected by the epidemic situation and the cumulative effect of real estate regulation, the cement market demand has been significantly reduced, and the supply-demand relationship is seriously unbalanced. As a result, the price of cement in various regions has dropped considerably.
Qingsong Jianhua
expects to achieve a net profit attributable to the shareholders of the listed company in 2022 of approximately 4.
The main reason for the estimated increase in results for the current period is that
the Company completed the restructuring of Xinjiang Meifeng Chemical in December 2021. (Now renamed as Xinjiang Qingsong Chemical Co., Ltd.). In 2022, the sales revenue of the Company's chemical segment increased by 67% compared with 2021, and the sales profit increased by 81 million yuan compared with 2021. During the reporting period, the company strictly controlled various expenses, and the sales expenses, management expenses and financial expenses decreased to a certain extent compared with the same period last year. The net profit attributable to shareholders of the listed company in
2022 was RMB456 million to RMB587 million, representing a decrease of 71.38% to 63
% as compared with the same period of last year. Affected by multiple factors such as the macroeconomic environment and the COVID-19 epidemic, the downstream demand was insufficient, the contradiction between supply and demand intensified, and the sales volume and sales price of the Company's products decreased year-on-year. At the same time, the prices of coal and other raw materials increased significantly year-on-year, the cost of cement and clinker increased year-on-year, the gross profit margin of sales decreased, and the operating profit decreased.
Company is expected to achieve a net profit of -240 million yuan to -3 yuan attributable to the owners of the parent company in 2022.
Jianfeng Group
is expected to achieve 0 HTML attributable to the shareholders of the listed company in 2022. 0 UNK5 Net profit will be between RMB280 million and RMB355 million 0 HTML 0 UNK6, representing a decrease of approximately RMB569 million to approximately RMB644 million as compared with the same period of last year 0 HTML 0 UNK7 will decrease by 61.58% to 69.0 0 HTML 0 UNK8 The main reason for the change in performance is that in 2022, the market demand for cement will decrease. The sales volume of cement products of the Company decreased as compared with the same period last year. Meanwhile, the average price of raw materials such as coal increased significantly as compared with the same period last year, and the production cost increased. 0 HTML 0 UNK9 Jinyuan 0 HTML 0 UNK1 0 2022 UNK1 attributable to shareholders of the Company 0 HTML 0 1 Net profit RMB13.0 million -18.0 million, representing a decrease of 79.14% -84.00% as compared with the same period of last year.
浙公网安备33010802003254号