19 March, China Resources Building Material Technology Holdings Limited (stock code: 1313.HK) announced its 2023 annual results. Based on the consideration of business distribution and operation management, the Company changed the presentation currency for the preparation of financial statements from Hong Kong dollar to RMB from January 1, 2023. During the year, the consolidated turnover of the Company decreased by 12.9% year-on-year to RMB25.55 billion, the profit attributable to owners of the Company decreased by 60.1% year-on-year to RMB640 million, and the basic earnings per share was RMB0.092. As of December 31, 2023, the total assets of the company were 72.79 billion yuan, the net asset value per share was 6.32 yuan, and the annual dividend rate was 46.1%.
From the business point of view, the company's annual sales of cement, clinker and concrete are about 66.728 million tons, 2.573 million tons and 9.334 million cubic meters respectively; The capacity utilization rates of cement, clinker and concrete production lines were 71.8%, 81.0% and 25.9%, respectively. The average price of cement and clinker is 273 yuan per ton, and the average price of concrete is 367 yuan per cubic meter.
On March 19, China Resources Building Materials Technology held its 2023 annual performance conference. Ji Youhong, Chairman of the Board of Directors of Huarun Building Materials Technology, Jing Shiqing, President of Huarun Building Materials Technology, Yang Yulong, General Manager of Finance Department of Huarun Building Materials Technology, and Xing Tao, Head of Investor Relations of Huarun Building Materials Technology, attended the meeting at Huarun Building in Hong Kong.
The conference attracted more than 20 analysts and fund managers from Morgan Stanley, Citigroup, Macquarie, CICC, CITIC Securities, Industrial Securities International and other domestic and foreign financial institutions. During this period, the company released its annual performance, and conducted in-depth exchanges on major issues such as industry development, market outlook, new business development, carbon quotas, "lighthouse factories" and market value management of central enterprises.
▲ Speech
by Chairman Ji Youhong Chairman Ji Youhong emphasized that 2023 is the 20th anniversary of the establishment of the holding company and the first year when China Resources Cement officially changed its name to "China Resources Building Materials Technology". Although the industry and enterprises have encountered some difficulties and challenges, we are still full of confidence. In 2024, China Resources Building Materials Technology will focus on the annual management theme of "strengthening the foundation, focusing on upgrading, technological innovation and promoting transformation", take "full value chain cost reduction" as the starting point to regain the cost advantage; take the holding market strategy as the core to enhance the status of the industry; take "high-end, intelligent, green" as the goal to promote the transformation and development; Take "the promotion of concept, ability and style" as the cornerstone to reshape organizational ability. All building materials science and technology personnel will make unremitting efforts to build China Resources Building Materials Science and Technology into a respected world-class building materials science and technology enterprise with the vigor of seizing the day and night.
▲ Speech
by President Jing Shiqing President Jing Shiqing introduced the company's performance in production and operation, and shared a series of progress made in energy conservation and emission reduction during the year. He pointed out that the company's comprehensive energy consumption per unit of clinker products continued to drop to 98.2 kg, with remarkable results in energy saving and emission reduction. It is worth mentioning that Tianyang Cement was awarded the "Lighthouse Factory" issued by the World Economic Forum, becoming the first "Lighthouse Factory" in the global building materials industry, promoting new industries, new models and new momentum with cutting-edge technology. Yang Yulong, general manager of
the Finance Department, said that in the face of the decline in industry prosperity, the company continued to deepen working capital management, accounts receivable continued to decline, and effectively control operational risks in the headwind environment. At the same time, the company controlled borrowing and capital expenditure at a healthy level, and the intensity of capital expenditure was in line with expectations for the whole year.
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At the media meeting, the management of the company introduced the operation and development direction of Huarun Building Materials Science and Technology, and answered the questions of the media on the industry demand, competition pattern and company renaming. And focus on sharing the company's Tianyang base as the cement industry and building materials industry in the world's first "lighthouse factory" intelligent manufacturing results and digital enabling results. Six media, including Oriental Daily, Astarq Finance and Economics, Glonghui, Economic Daily and Xingdao Daily, attended the media meeting, which was also broadcast live to individual investors in the Mainland and Hong Kong through the live broadcasting platform of Fortune Securities.
