Ningxia Building Materials: Net profit of 529 million yuan in 2022, down 34% year-on-year

Ningxia Building Materials disclosed its annual report for 2022, and the company's annual operating income was 8.658 billion yuan, an increase of 49.71% over the same period last year. Net profit attributable to shareholders of listed companies was 529 million yuan, down 33.98% year on year. Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 525 million yuan, down 28.47% year on year. The basic earnings per share is 1.11 yuan per share. It intends to distribute a cash dividend of 3.90 yuan (including tax) per 10 shares.

In 2022, the company sold 12.5883 million tons of cement, a decrease of 8.84% over the previous year, 1.558 million cubic meters of commercial concrete, a decrease of 21.02% over the previous year, and 1.9192 million tons of clinker , a decrease of 35.38% over the previous year. Sales of aggregates amounted to 5,458,300 tons, representing a year-on-year decrease of 24.15%. During the reporting period, the Company accelerated the external promotion of digital logistics business, and the increase in revenue from this business led to a significant increase in the operating revenue of the Company. However, the increase in cost due to the increase in raw coal price and the lower gross profit of digital logistics business led to a year-on-year decline in the profit indicators of the Company.