Recently, Xinjiang Tianye disclosed its annual report for 2023. In 2023, the company achieved a total operating income of 11.465 billion yuan, a year-on-year decrease of 19.61%, and a net profit loss of 775 million yuan.
In terms of products, in the main business of the company in 2023, the income of PVC resin is 6.360 billion yuan, accounting for 55.47% of the operating income; the income of alkali is 2.070 billion yuan, accounting for 18.05% of the operating income; the income of cement is 1.175 billion yuan, accounting for 10.25% of the operating income. During the
reporting period, the prices of PVC and caustic soda products decreased significantly compared with the same period last year, the prices of electricity and acetylene gas products decreased slightly compared with the same period last year, and the prices of cement and clinker products increased slightly compared with the same period last year. The prices of raw materials such as coal and coke also decreased significantly as compared with the same period last year, and the prices of raw materials such as lime and salt also decreased slightly as compared with the same period last year, so the operating income, operating cost and gross profit margin of PVC resin and caustic soda products decreased to varying degrees, while the income and gross profit margin of cement, electricity and steam increased to varying degrees. In
2023, the gross profit margin of the Company was 6.67%, down by 12.94 percentage points year-on-year; the net profit margin was -7.51%, down by 13.67 percentage points year-on-year. From the perspective of single-quarter indicators, the gross profit rate of the company in the fourth quarter of 2023 was 5.10%, down 5.57 percentage points from the same period last year, down 5.01 percentage points from the previous quarter; the net profit rate was -2.84%, up 2.72 percentage points from the same period last year, up 4.30 percentage points from the previous quarter.
In terms of products, the gross profit rates of PVC resin, alkali and cement in 2023 were -5.29%, 24.03% and 33.00%, respectively.
