Some people are happy and some are sad! There are only a few companies making money in the concrete industry! Why is that?

Recently, a number of listed companies in the concrete and cement products industry issued a performance forecast announcement for the first half of 2023. Digital building materials DataBM. The remaining enterprises are either expected to lose net profit or expected to reduce net profit. These listed companies have analyzed the reasons in the announcement of the performance forecast. Let's take a look.. The

announcement shows that in the first half of 2023, the net profit attributable to shareholders of listed companies in Western Construction is expected to be 133-165 million yuan, compared with 382.0145 million yuan in the same period last year. Decreased by 56.81-65.

Hainan Ruize New Building Materials Co., Ltd.:

On July 14, Hainan Ruize New Building Materials Co., Ltd. issued a performance forecast for the first half of 2023.

The announcement predicts a negative net profit, which shows that the net profit attributable to shareholders of listed companies in the first half of 2023 is expected to lose 89 million to 100 million yuan . It lost 11321 in the same period last year.

Chongqing Sifang New Material Co., Ltd.:

July 15, Chongqing Sifang New Material Co., Ltd. issued a performance forecast for the first half of 2023.

The announcement shows that the net profit attributable to shareholders of listed companies is expected to lose 7.16 million yuan to 10.74 million yuan in the first half of 2023, which will be a loss compared with the same period last year. The reasons for the loss of this performance forecast analyzed in the

announcement are as follows:

(1) Market demand

data from the National Bureau of Statistics show that from January to May 2023, Cumulative decline in the area of new construction of real estate in Chongqing 10. Affected by the decline in the real estate industry in Chongqing, the demand for commercial concrete products was insufficient, the market was still in a state of oversupply, and the fierce competition led to difficulties in expanding the sales market. Sales prices

of

products Affected by insufficient market demand, the competition in the commercial concrete industry, the main product, intensified, which led to a continued decline in sales prices compared with last year. According to the data of Chongqing Construction Cost Information Network, from January to May 2023, the average unit price of commercial concrete (C30 specification) in Chongqing was 346 yuan/cubic meter, which was 62 yuan/cubic meter lower than that of the same period last year, resulting in a decline in the sales price of commercial concrete. It has a great impact on the gross profit rate and net profit of the company in the first half of 2023.

Credit impairment losses With the increase of the Company's business scale and market share, the Company's revenue increased significantly year-on-year. At the same time, due to the lack of liquidity of downstream construction units and other factors, the scale of the Company's accounts receivable increased, and the amount of provision for credit impairment losses increased as compared with the same period last year. It has a negative impact on the company's net profit in the first half of 2023.

Shenzhen (Tiandi) Group Co., Ltd.:

On July 13, Shenzhen (Tiandi) Group Co., Ltd. released its performance report for the first half of 2023.

Shenzhen Tiandi A said in its report that it expected net profit to be negative. The net profit attributable to shareholders of listed companies is expected to lose 35 million yuan to 45 million yuan , compared with 61.6057 million yuan in the same period last year.

in 2022, and concrete production and sales have not yet resumed, resulting in a year-on-year decline in the company's sales revenue, fixed costs are less affected by sales, and the phenomenon of cost inversion continues to form. Due to the increase of litigation and arbitration matters involving economic disputes, the company and its holding subsidiaries and sub-subsidiaries have increased the corresponding costs. At the same time, the litigation matters have led to the judicial freezing of some bank accounts, that is, the freezing and seizure of some assets, which has had a certain impact on the company's production and operation.

Chongqing Sansheng Industrial Co., Ltd.:

On July 12, Chongqing Sansheng Industrial Co., Ltd. issued a performance forecast for the first half of 2023.

The announcement shows that the net profit attributable to shareholders of listed companies in the first half of the year is expected to lose 100 million yuan to 120 million yuan . A loss of 4,073 over the same period last year.

Guangdong Sanhe Pipe Pile Co., Ltd.:

On July 13, Guangdong Sanhe Pipe Pile Co., Ltd. issued a performance forecast for the first half of 2023.

The announcement shows that the net profit attributable to shareholders of listed companies in the first half of the year is 48 million to 62 million . Year-on-year growth of 82.55% -135.

Beijing Hanjianheshan Pipe Industry Co., Ltd.:

On July 14, Beijing Hanjianheshan Pipe Industry Co., Ltd. issued a pre-loss announcement for the first half of 2023.

The announcement shows that Han Jianheshan expects to achieve a net profit loss of 46 million to 32 million attributable to the owner of the parent company in the first half of 2023.

Xinjiang Guotong Pipeline Co., Ltd.:

On July 15, Xinjiang Guotong Pipeline Co., Ltd. issued a performance forecast for the first half of 2023.

The announcement shows that in the first half of 2023, the net profit attributable to shareholders of listed companies is expected to lose 88 million to 70 million yuan, compared with 47.033 million yuan in the same period last year. Net profit fell 87.1% -48.

Ningxia Qinglong Pipe Industry Group Co., Ltd.:

On July 14, Ningxia Qinglong Pipe Industry Group Co., Ltd. issued a performance forecast for the first half of 2023. The

announcement shows that the net profit attributable to shareholders of listed companies in the first half of the year is estimated to be between 10 million and 15 million yuan, compared with 44.5849 million yuan in the same period last year. Decreased by 66.36% -77.

Shandong Longquan Pipe Industry Co., Ltd.:

On July 8, Shandong Longquan Pipe Industry Co., Ltd. issued a performance forecast for the first half of 2023. The

announcement shows that the net profit of Longquan Pipe Industry attributable to shareholders of listed companies in the first half of the year is expected to be 2.4 million to 3.5 million yuan . The loss for the same period last year was 5,364.

< IMG SRC = "https://img7.ccement.com/richtext/img/wmcwt1loc1l1689643848254." In summary, the operating results of the Company for the reporting period improved as compared to the same period last year.