Net profit of 15.66 billion yuan! Conch Cement Releases 2022 Results Announcement

March 27, Conch Cement announced that during the reporting period, the operating income of the Group prepared in accordance with the Chinese Accounting Standards was 132.022 billion yuan, down 21.40% from the same period last year; Net profit attributable to shareholders of the listed company was RMB15.661 billion, down by 52.92% from the same period last year; earnings per share was RMB2.96, down by RMB3.32 per share from the same period last year. Screenshot

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Announcement During the reporting period, the Group increased its cement production capacity by 3.85 million tons, aggregate production capacity by 44.8 million tons, commercial concrete production capacity by 10.8 million cubic meters and photovoltaic power generation capacity by 275 MW. As at the end of the reporting period, the Group's clinker production capacity was 269 million tons, cement production capacity was 388 million tons, aggregate production capacity was 108 million tons, commercial concrete production capacity was 25.5 million cubic meters, and the installed capacity of photovoltaic power generation in operation was 475 MW. Sales

by industry During the reporting period, the total net sales volume of cement and clinker of the Group was 310 million tons, representing a year-on-year decrease of 24.12%, and the main business income was RMB103.687 billion, representing a year-on-year decrease of 30.05%; The operating cost was RMB76.426 billion, representing a year-on-year decrease of 22.92%. The comprehensive gross profit margin of products was 26.29%, representing a year-on-year decrease of 6.82 percentage points. The sales volume of cement clinker products of the

Group was 283 million tons, representing a year-on-year decrease of 6.94%; the sales revenue of cement clinker products was RMB94,874 million, representing a year-on-year decrease of 15.03%; the sales cost of cement clinker products was RMB67,641 million, representing a year-on-year increase of 7.96%; The comprehensive gross profit rate of products was 28.70%, down 15.18 percentage points from the same period last year. During the

reporting period, the sales volume of the Group's cement clinker trading business was 26.94 million tonnes, representing a year-on-year decrease of 74.19%; the revenue of the trading business was RMB8.813 billion, representing a year-on-year decrease of 75.90%; and the cost of the trading business was RMB8.786 billion, representing a year-on-year decrease of 75.93%.