Conch Cement: Accelerate the Development of Distributed Photovoltaic and Other New Energy Industries

2023-06-27 11:27:02

By the end of 2022, the company's installed capacity of photovoltaic storage power generation in operation was 475 MW, and the annual photovoltaic storage power generation in 2022 was 272 million kWh. The company will continue to focus on the dual-carbon target task, accelerate the development of new energy industries such as distributed photovoltaic, reduce carbon emissions, reduce electricity costs, and build a clean energy system.

On June 26, Conch Group answered questions about company management, operating efficiency, green development and photovoltaic power generation.

1. Does the company plan large-scale layoffs this year? Is Conch International Holdings Limited, the shareholder of Western Cement, a subsidiary of Conch Cement ?

Answer: At present, the company is actively promoting the development of cement upstream and downstream industrial chain, energy conservation and environmental protection, new energy and digital industry. The company will reasonably allocate labor in accordance with the principle of integrated management of employment to meet the needs of the company's operation and development. Conch International Holdings (Hong Kong) Limited, the shareholder of West Cement, is a wholly-owned subsidiary of the Company.

2. What is the profit forecast for this year?

Answer: In view of the basic principles and management regulations of information disclosure of listed companies, the company is not in a position to inform, please understand. The company will pay close attention to the supply and demand situation of the industry, implement differentiated marketing strategies according to the market operation principle, and tap the potential of cost reduction and efficiency enhancement, and strive to improve operating efficiency.

3. I have noticed that your company attaches great importance to green development. In 2022, it disclosed the environmental protection investment and the environmental protection fee items in the management fee in the past two years, and announced the total amount of your company's environmental protection investment for a long time. Can you provide the specific amount of capitalization and expensing of your company's environmental protection investment since 2018?

Answer: The investment in environmental protection technological transformation disclosed in the Company's annual report and social responsibility report includes capitalized expenditure and expensed expenditure. Those that meet the capitalization conditions are mainly included in fixed assets and construction in progress, and those that meet the expensed conditions are mainly included in R & D expenses or management expenses. For details, please refer to the annual reports and social responsibility reports disclosed by the Company in recent years.

4. Has photovoltaic power generation been put into operation?

Answer: By the end of 2022, the Company's installed capacity of photovoltaic power generation in operation is 475 MW, and the annual photovoltaic power generation capacity in 2022 is 272 million kWh. The company will continue to focus on the dual-carbon target task, accelerate the development of new energy industries such as distributed photovoltaic, reduce carbon emissions, reduce electricity costs, and build a clean energy system.

5. At present, the dividend rate is far greater than cost of capital. It is suggested that the board of directors consider privatization and delisting. Or completely repurchase H shares and cancel delisting from the Hong Kong Stock Exchange.

Answer: The company has no such plan. The first quarterly report

of Conch Cement 2023 shows that the company's main business income is 31.368 billion yuan, up 23.18% year-on-year; the net profit attributable to the parent company is 2.551 billion yuan, down 48.2% year-on-year; the net profit deducted from non-profits is 2.155 billion yuan, down 52.87% year-on-year; The debt ratio is 18.5%, the investment income is 89.1064 million yuan, the financial cost is -283 million yuan, and the gross profit rate is 16.5%.

At present, the downward trend of cement demand is prominent, energy prices remain high, costs remain high for a long time, and profit compression has become the norm. Improving energy efficiency and reducing cost pressure have become the key breakthrough points for cement enterprises to enhance their comprehensive strength and market competitiveness.

China Cement Network will hold the "2023 China Cement Energy Conservation and New Energy Development Conference" in Chongqing on July 6-7, 2023. Explore new ways of energy saving and consumption reduction in cement industry.

After the meeting, we will visit Oriental Hope Chongqing Cement .

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Correlation

By the end of 2022, the company's installed capacity of photovoltaic storage power generation in operation was 475 MW, and the annual photovoltaic storage power generation in 2022 was 272 million kWh. The company will continue to focus on the dual-carbon target task, accelerate the development of new energy industries such as distributed photovoltaic, reduce carbon emissions, reduce electricity costs, and build a clean energy system.

2023-06-27 11:27:02

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