2024, Qingsong Jianhua (600425.sh) released its annual performance report for 2023.
The company realized an operating income of 4.49 billion yuan, an increase of 20.01% over the previous year, a net profit of 463 million yuan, an increase of 11.53% over the previous year, a net cash flow of 442 million yuan, an increase of 1.03 times over the previous year, and an asset-liability ratio of 33.30%. Down 4.89 percentage points year on year. The
gross profit margin of the company was 24.79%, down 1.78 percentage points year-on-year, the basic earnings per share was 0.29 yuan, down 3.33% year-on-year, and the diluted return on net assets was 7.44%, down 0.46 percentage points year-on-year.
The Company's inventory turnover rate was 4.24 times, representing a year-on-year increase of 0.50 times, and the total assets turnover rate was 0.48 times, representing a year-on-year increase of 0.05 times.
The sales cost is about 30.21 million yuan, the management cost is about 311 million yuan, and the financial cost is about 31.93 million yuan.
The company's main businesses are cement, chemical products, cement products and other businesses, accounting for 100.99%,-6.62%, 5.44% and 0.19%, respectively, with revenue of 3.311 billion yuan, 842 million yuan, 295 million yuan and 39.9222 million yuan. The gross profit rate was 34.00%, -8.76%, 20.53% and 5.42% respectively. During the
reporting period, the demand for cement and cement products increased due to the recovery of fixed assets investment and construction projects in Xinjiang, and the sales volume of cement and cement products, the leading products of the company, increased significantly compared with the same period last year. During the reporting period, urea, the leading product of Qingsong Chemical, increased significantly as compared with the same period last year; although the sales volume of PVC of Alar Chemical increased, the loss in 2023 increased due to the decline in domestic PVC prices.
In the future, cement enterprises will still have to face the situation of insufficient market demand and the rising trend of production costs, and the industry will face great operational pressure. The cement industry adheres to the main line of supply-side structural reform, strengthens the implementation of policies including "peak-staggering production" and "capacity replacement", focuses on resolving the main contradiction between serious overcapacity and downward market demand, promotes the use of total energy consumption and emission and intensity control, speeds up the withdrawal of inefficient production capacity in the industry, and comprehensively improves the energy efficiency level of the industry.
