Qilian Mountain: Net Profit in 2022 Decreased by 19.96% over the Same Period Last Year

Qilian Mountain announced its annual report that in 2022, its operating income was 7.974 billion yuan, an increase of 3.93% over the previous year; the net profit attributable to shareholders of listed companies was 758 million yuan, a decrease of 19.96% over the previous year. Except for the year-on-year increase in the sales volume of aggregates, the production and sales volume of other major products

of Qilian Mountain decreased year-on-year. During the period, the production volume of aggregates was 2.7468 million tons, the external sales volume was 2.3952 million tons, and the inter-company sales volume within the scope of consolidation was 0.3516 million tons, showing a significant increase in sales volume. According to

the report, in 2022, the prices of major products of enterprises increased year-on-year, and the operating income increased by 3.93% compared with the previous year; the prices of raw materials and fuels rose sharply, and the operating costs increased, resulting in a decline in the net profit, basic earnings per share and return on equity attributable to shareholders of listed companies in this year.

In 2022, the demand for cement in Gansu, Qinghai and the Xizang of the Company will decrease by 10.7%, 11.3% and 20% respectively. In addition, the prices of bulk raw materials and fuels will continue to run at a high level, resulting in enormous pressure on cost control.

The data show that Qilian Mountain belongs to the building materials industry, and its main business is the research, development, manufacture and sale of cement and commercial concrete. In recent years, the company has carried out strategic layout in Gansu, Qinghai and Xizang through new construction, mergers and acquisitions, and has now formed 17 cement production and marketing bases in Lanzhou, Yongdeng, Tianshui, Gangu, Pingliang, Chengxian, Zhangxian, Wenxian, Longnan, Jiayuguan, Gulang, Xiahe, Zhangye, Dingxi, Huangzhong, Minhe and Xizang of Qinghai, while actively extending the industrial chain. Nine commercial concrete production and marketing bases and three aggregate production and marketing bases have been put into operation, forming a modern group enterprise with cement series products as the main part and commercial concrete and aggregate as the supplement.