26, Tianshan Stock (000877. SZ) announced its annual report for 2023. In 2023, the company realized operating income of 107.38 billion yuan, down 19.01% year-on-year; the net profit attributable to shareholders of listed companies was 1.965 billion yuan, down 56.74% year-on-year; Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss was RMB585 million, representing a year-on-year decrease of 78.37%; basic earnings per share was RMB0.2268; a cash dividend of RMB1.14 (tax inclusive) per 10 shares was proposed to be distributed to all shareholders.
The company's main business is the production and sale of cement, clinker , commercial concrete and aggregate. As at the end of the reporting period, the Company had a clinker production capacity of 320 million tons, a commercial mixing production capacity of 370 million cubic meters and an aggregate production capacity of 220 million tons.
The company's performance mainly comes from the production and sales of cement, commercial concrete and aggregate. During the
reporting period, the cost of cement business decreased significantly due to the decline in raw materials and coal prices. However, due to the weak market demand and the significant decline in sales prices, the gross profit margin was basically flat, the gross profit decreased, and the benefit decreased significantly; Affected by the decline in cement and sand prices, the cost of
commercial concrete decreased, but affected by factors such as the downturn of the real estate market and the decline in prices, the gross profit margin decreased slightly and the benefit decreased year on year.
The sales volume of aggregate increased year on year, but affected by the decline in prices, the gross profit margin decreased year on year, and the profit contribution of aggregate business increased year on year.
The company's overall performance fell sharply year on year. During the
reporting period, the company's operation matched the development of the industry. From January to December 2023, the Company sold 235.53 million tons of cement, representing a year-on-year decrease of 1.43%; sold 27.79 million tons of clinker, representing a year-on-year decrease of 14.86%; sold 76.74 million cubic meters of mixed cement, representing a year-on-year decrease of 3.26%; and sold 142.16 million tons of aggregate, representing a year-on-year increase of 23.55%.
