Recently, Qingsong Jianhua released the annual board of directors' business review in 2023. During the reporting period, the investment in fixed assets and project construction picked up, the Company's operating income increased by 20.01% and the operating cost increased by 22.92% as compared with the same period last year; the gross profit margin of the Company's main business decreased by 2.2 percentage points as compared with the same period last year. Net profit attributable to shareholders of the listed company was RMB463,383,200, representing an increase of 11.53% as compared with the same period last year. Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss was RMB551,968,500, representing an increase of 65.10% as compared with the same period last year.
Among them, the cement plate: during the reporting period, Xinjiang cement overcapacity continued. Affected by the regional policy and the recovery of fixed asset investment, the Company's cement sales volume increased by 35.51% compared with the same period last year, and the cement sales price was relatively stable. The sales revenue of cement increased by 23.75% as compared with the same period of last year. Although the prices of raw materials and fuels rose during the reporting period, the Company strictly controlled the cost, and there was no significant difference between the increase in production costs and the increase in revenue, and the gross profit margin only decreased by 0.04 percentage point as compared with the same period of last year.
Qingsong Jianhua said that 2024 will still be a difficult year for the industry, and it is expected that the demand for cement in 2024 will be better than that in 2023. The total production capacity of the cement market is at a high level, the marginal improvement of the supply-demand relationship is unlikely, and the periodic price competition is inevitable. Cement enterprises will take measures according to local conditions and actively carry out peak staggering production.
Enterprises are facing risks such as rising energy prices and sustained market competition. In this regard, Qingsong Jianhua said that it is necessary to strengthen and optimize the main cement industry, refine the chemical industry chain, enhance the scale economic benefits, intensify the adjustment of product structure, improve the core competitiveness, further enhance the proportion of high value-added products, and timely collect and master market information. Find out the new development direction and intensify the development of new products and projects.
Data show that Qingsong Jianhua has completed the strategic distribution of new dry-process cement production lines in Urumqi, Wusu, Wujiaqu, Korla, Kuqa, Aksu, Hetian, Kezhou, Yili Valley and Hami, and the layout of cement production lines along key oasis cities can expand the coverage of the company's products. Obtain high-grade limestone mineral resources, reduce sales logistics costs and resource procurement and transportation costs, and occupy an advantage in various cement consumption areas. In many years of production and operation, the company has formed a business model that conforms to the characteristics of industry development, combines with its own business characteristics and unique regional advantages. At present, the company has a cement production capacity of more than 15 million tons, which has a greater influence on the formation of cement sales prices in the region. With the gradual elimination of backward production capacity, the company will play an increasingly important role in regional market competition order, optimizing market pricing and integrating regional markets in the future.
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!
