On April 9, Huaxin Cement Co., Ltd. successfully held the 2023 annual performance conference in Hong Kong. President Li Yeqing, Vice President and Board Secretary Ye Jiaxing, Vice President and Chief Financial Officer Chen Qian attended the event as exchange guests. More than 50 domestic and foreign institutional investors and analysts, including CITIC, CICC, Morgan Stanley, CITIC Lyon, Guotai Junan, Changjiang Securities and China-Thailand Securities, participated in the exchange. The press conference was hosted by Ye Jiaxing. At the
press conference
, Li Yeqing, Ye Jiaxing and Chen Qian briefed the participants on the industry situation, company profile, company strategy, business highlights and financial performance in 2023, and outlook for 2024, respectively. The market prospects of cement, aggregate and concrete at home and abroad and the impact of carbon emission policies have conducted in-depth exchanges with investors and analysts.
Under the background that China's building materials industry continues to encounter "cold winter", Huaxin has made steady progress, through comprehensively deepening the implementation of the strategy of "integrated transformation, overseas development, new building materials business expansion, traditional industry + digital innovation", forging ahead, and its business performance has gone up against the trend. In 2023, the total sales volume of cement (including clinker ) was 61.9 million tons, the aggregate sales volume was 13137 10000 tons, an increase of 100%, the concrete sales volume was 27.27 million square meters, an increase of 66%, and the annual operating income was 33.757 billion yuan, an increase of 10.8%. The net profit returned to the parent company was 2.76 billion yuan, up 2.34% year on year, and the overall operation was in good condition, which was highly recognized and appreciated by the participants.
Looking ahead to 2024, Li Yeqing said that although domestic demand for building materials will continue to decline, there is still much room for improvement on the supply side, opportunities and risks coexist in overseas markets, and Huaxin will continue to move forward in a clear strategic direction, adhere to the concept of "profit is the goal, price is the basis", and focus on building materials. We will strive to achieve positive growth in operating income, EBITDA and operating cash flow.
The company held its first performance conference in Hong Kong to focus on the needs of investors, convey the value of the company's investment to the capital market, and continuously improve the transparency of the company. Institutional investors and analysts at the meeting responded enthusiastically.
