Sinoma International: 2023 annual net profit of 2.916 billion yuan, a year-on-year increase of 14.74%

2024-03-27 15:09:34

In 2023, the total amount of new contracts signed by the company was 61.644 billion yuan, an increase of 18% over the previous year. Among them, the amount of new contracts signed abroad was 33.307 billion yuan, an increase of 55% over the previous year. The value of newly signed domestic contracts was 28.337 billion yuan, a decrease of 8% over the same period last year. By the end of 2023, the company's outstanding contracts amounted to 59.325 billion yuan, an increase of 12% over the previous year, providing a guarantee for the company's sustainable and stable development.

Sinoma International released the 2023 annual report, during the reporting period, the company achieved operating income of 45.799 billion yuan, an increase of 6.94% over the previous year; the net profit attributable to shareholders of listed companies was 2.916 billion yuan, an increase of 14.74% over the previous year; Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 2.677 billion yuan, an increase of 26.84% over the previous year. In

2023, the total amount of new contracts signed by the company was 61.644 billion yuan, an increase of 18% over the previous year. Among them, the amount of new contracts signed abroad was 33.307 billion yuan, an increase of 55% over the previous year. The value of newly signed domestic contracts was 28.337 billion yuan, a decrease of 8% over the same period last year. By the end of 2023, the company's outstanding contracts amounted to 59.325 billion yuan, an increase of 12% over the previous year, providing a guarantee for the company's sustainable and stable development.

The company actively grasps the global demand for green low-carbon and digital intelligent technological upgrading of new and existing cement production lines, gives full play to SINOMA's global brand effect and deep customer base, actively tackles high-end markets, and successfully obtains a number of cement EPC line contracts in Africa, the Middle East, Europe, South Asia and other market regions. In 2023, the newly signed engineering and technical service contracts amounted to 39.067 billion yuan, an increase of 21% over the same period last year. Firmly implement the concept of "cost, cost and profit", deepen internal coordination and continuously improve operational efficiency. In 2023, engineering and technical services achieved operating income of 26.665 billion yuan, an increase of 7.55% over the same period last year, and gross profit rate of 15.73%, an increase of 3.5 percentage points over the same period last year.

In 2023, the value of newly signed equipment contracts was RMB7.412 billion, representing a year-on-year increase of 14%; the operating income was RMB7.176 billion, representing a year-on-year increase of 2%; the gross profit margin was 25.47%, representing a year-on-year increase of 1.39 percentage points. The self-sufficiency rate of ten types of core main equipment with R & D and manufacturing capabilities exceeds 60%, and the market share of key products such as vertical mill, roller press, grate cooler and preheater ranks first in the country. The proportion of equipment overseas business income to equipment income increased to 25%, and the proportion of equipment industry income to equipment income increased to 32%. In

2023, the value of newly signed production and operation service contracts amounted to RMB13.586 billion, representing a year-on-year increase of 14%, of which the value of newly signed mine operation and maintenance contracts amounted to RMB7.975 billion, representing a year-on-year increase of 7%, and the value of newly signed cement and other operation and maintenance contracts amounted to RMB5.610 billion, representing a year-on-year increase of 26%. During the reporting period, production and operation services realized an operating income of RMB10.6 billion, representing a year-on-year increase of 13.83%; of which, mine operation and maintenance realized an operating income of RMB6.482 billion, representing a year-on-year increase of 22.45%; cement and other operation and maintenance services realized an operating income of RMB4.118 billion, representing a year-on-year increase of 2.48%. As at the end of the reporting period, there were 281 mine operation and maintenance service projects under implementation, including 5 overseas projects; the completed ore supply was 650 million tons, representing a year-on-year increase of 25%, and the market share of cement ore supply was further enhanced; there were 56 cement operation and maintenance service production lines under implementation, with an annual production capacity of more than 100 million tons, representing a year-on-year increase of 23%.

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Correlation

Near the end of the year, the domestic concrete market demand continued to weaken, the cost support declined compared with the previous period, and the price of concrete in many places declined steadily. From December 19 to December 25, the national concrete price index closed at 111.39 points, down 0.80% annually and 10.97% year-on-year.