In 2023, Anhui Conch Group Co., Ltd. was the only enterprise in Anhui Province to be listed in the Fortune Global 500 list in 2023, ranking 464th, with operating income of 32.99 billion US dollars and profit of 870 million US dollars. This is the fifth consecutive year that Conch Group has entered the list of the world's top 500 companies.
Regional competition, not to advance is to fall behind. The situation of the world's top 500 enterprises owned by a region not only directly affects the dominant indicators such as regional GDP, fiscal revenue and employment, but also profoundly affects the implicit indicators such as the region's thinking concept, innovation atmosphere and happiness. In 2024, whether Conch Group can be listed in the world's top 500 list again is not only related to Conch Group itself, but also to the ambition of Anhui Province for economic development.
So, in 2024, can Conch Group succeed in winning the world's top 500? As far as the published annual report is concerned, the probability is good.
Conch Cement is the core enterprise of Conch Group. The annual report of Conch Cement in 2023 shows that in 2023, Conch Cement realized business income of about 141 billion yuan, an increase of 6.8% over the previous year, and the net profit attributable to the parent company was 10.43 billion yuan, a decrease of 33.4% over the previous year. In the whole year of
2023, Conch Cement made full use of the supply and marketing channels of bulk materials, and its trade business was active, while its overseas business, industrial chain extension and new energy business continued to develop, and its business income grew against the market, but it was dragged down by the decline in the price of cement in its main business, and its net profit returned to its mother declined to a certain extent. However, the overall business performance remains relatively resilient.
In 2023, the minimum threshold of the world's top 500 is 30.9 billion US dollars (about 223 billion RMB), which is about 8% higher than that of 28.6 billion US dollars in 2022. Considering the slowdown of global economic growth in 2023, this threshold may be difficult to achieve substantial growth.
Conch Cement's revenue in 2023 is about 141 billion yuan, and Anhui International Trade, another major revenue of Conch Group, has not disclosed its revenue in 2023, but its revenue in 2022 is about 81.7 billion yuan, and the total revenue of these two items alone is 222.7 billion yuan.
Considering that Conch Group has a large number of subsidiary industries, this ticket to the world's top 500 is still held tightly by Conch, what do you think?
Cement industry has serious overcapacity, the impact of peak staggering production on the supply side has declined significantly, the "competition and cooperation relationship" formed over the years has broken down, and the pressure of industry operation has doubled. On March 28-29, China Cement Network will hold the " 13th China Cement Industry Summit and TOP100 Award Ceremony " in Hangzhou, during which awards will be given to top 100 cement and supplier enterprises, and experts and scholars will be invited. China Railway and other construction units jointly discuss the new development trend of the cement industry in the future, and work together to create the future!
