, Shangfeng Cement announced its third quarter results, saying that its revenue in the first three quarters of 2023 was about 4.877 billion yuan, a decrease of 5.54% compared with the same period last year; the net profit attributable to shareholders of listed companies was about 701 million yuan, a decrease of 17.21% compared with the same period last year.
Shangfeng Cement said that during the reporting period, the scale of building materials business increased steadily, and price reduction affected profitability. From January to September, the Company produced 11.74 million tons of clinker , with a year-on-year increase of 280,000 tons, and 12.24 million tons of cement, with a year-on-year increase of 1.43 million tons; External sales amounted to 3.61 million tonnes of clinker and 12.23 million tonnes of cement, with a total sales volume of 15.84 million tonnes, representing an increase of 1.68 million tonnes or 11.89% as compared with the corresponding period of last year. The company's market in East China and Northwest China remained stable on the whole, and the new subsidiary in Southwest China increased its sales volume. In terms of the selling price of main products, the average unit selling price of cement products decreased by 16.59% and the average unit selling price of clinker decreased by 19.58%. The
industrial chain extension business continued to advance steadily, and various projects were gradually implemented. During the reporting period, the aggregate business remained stable in general. Affected by the market demand, the sales volume decreased by 2.05 million tons as compared with the same period last year, and the total sales volume of sand and gravel aggregates in the first three quarters was 10.49 million tons. About 285,300 tons of hazardous waste sludge, municipal solid waste and general solid waste were collected and transported by the company's cement kiln co-processing environmental protection business, and the actual disposal volume was 210,400 tons, realizing an operating income of 173 million yuan, an increase of 10.9% over the same period last year. The new energy business focused on the development, investment and construction of photovoltaic and energy storage power station projects around the regional resources of each base, and the photovoltaic projects that have been put into operation have achieved a total of 4.0854 million degrees of green power generation, equivalent to saving 1,231.75 tons of standard coal and reducing carbon dioxide emissions by about 3,382.71 tons. The first user-side energy storage power station was put into trial operation in August, and has achieved a cumulative discharge of 163,000 degrees; the second batch of Inner Mongolia, Yingshang, Tongling, Duyun and other photovoltaic series projects have begun construction and are scheduled to be put into operation before the end of the year; Shangfeng Digital Energy Management Platform has completed the framework construction and development, and has carried out secondary design and functional module development. A series of follow-up projects have been promoted one after another.
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