24, Shangfeng Cement (stock code: 000672. SZ) disclosed its annual report for 2023. The annual report shows that Shangfeng Cement achieved a total operating income of 6.397 billion yuan, a net profit of 744 million yuan attributable to shareholders of listed companies, and an operating cash flow of 1.117 billion yuan, an increase of 9.53% over the same period last year. While both inventory and accounts receivable decreased, total assets and net assets attributable to shareholders of listed companies increased, and the quality of operation was steadily optimized. In
2023, under the background of the slowdown of domestic economic growth and the continuous adjustment of real estate, Shangfeng Cement responded positively, while firmly maintaining the refinement, high efficiency, benefit center and combination of length and length of the main production and operation, the projects of "one main wing and two wings" clenched their goals and landed firmly, and the overall situation continued to maintain "steady progress". The benign situation of "comprehensive promotion".
From the perspective of business, in 2023, the scale and efficiency of the main building materials industry continued to grow tenaciously, the construction of new projects was carried out in an orderly manner, the production line of Duyun Shangfeng in Guizhou was put into operation smoothly, the effective cost control led to a 15.6% year-on-year decrease in cement manufacturing costs, and the gross profit rate of the main industry continued to maintain the leading level in the industry; The environmental protection business, photovoltaic power storage new energy business and intelligent logistics business of the extension wing of the industry chain have been steadily promoted, photovoltaic power storage new energy projects have been connected to the grid and put into operation, and the efficiency and benefits of the supply chain and ecological chain have been steadily improved. The new economy equity investment wing has focused on the steady promotion of photovoltaic power storage new energy and high-quality targets of the semiconductor industry chain, and the successful listing and issuance of Jinhe Integration, while the listing of Zhongrun Solar has been approved by the Shenzhen Stock Exchange. The high-quality upgrading and development of
the main business and the nurturing and growth of new projects will help Shangfeng Cement's business continue to grow in 2023. In 2024, the company will continue to focus on the development strategy of "one main and two wings", focusing on the main industry of cement building materials, deeply cultivating the extension wing of the industrial chain and the equity investment wing of the new economy, forming a stable triangular form, enabling medium- and long-term development.
