China Resources Building Materials Technology Co., Ltd.: Turnover in 2023: 25.55 billion, down 12.9% year-on-year

2024-04-28 15:10:12

On April 26, China Resources Building Materials Technology released its annual report for 2023.

On April 26, China Resources Building Materials Technology released its annual report for 2023. The

report shows that the comprehensive turnover of China Resources Building Materials Technology in 2023 was 25.55 billion yuan, down 12.9% year-on-year; the profit before interest, tax, depreciation and amortization was 4.08 billion yuan, down 7.62% year-on-year; the comprehensive profit attributable to owners was 644 million yuan, down 60.1% year-on-year; Basic earnings per share was 0.092 yuan.

Up to now, China Resources Building Materials Technology operates 101 cement grinding lines and 49 clinker production lines, with annual production capacity of 90.2 million tons and 63.3 million tons of cement and clinker respectively, and has 63 concrete mixing stations with annual production capacity of 38.4 million cubic meters of concrete. The locations of these production facilities and their respective production capacities are as follows:

In addition, the Group owns an aggregate of 74 cement grinding lines, 30 clinker production lines and 20 concrete mixing plants through ownership of equity interests in certain associates and joint ventures. The total annual production capacity is 64.7 million tons of cement, 37 million tons of clinker and 8.5 million cubic meters of concrete. These capacities are located in Guangdong, Hong Kong, Fujian, Yunnan and Inner Mongolia. Based on the equity interests in these associates and joint ventures, the respective annual production capacities attributable to the Group are 22.3 million tonnes of cement, 12 million tonnes of clinker and 3.9 million cubic meters of concrete, respectively. It is

directly noted that China Resources Building Materials Technology has also made a layout in the field of precast concrete components. As at the end of December 2023, the Group had a total of 6 precast concrete component projects. Upon completion, the designed annual production capacity of precast concrete components is expected to reach approximately 1.4 million cubic meters. In terms of

production efficiency, the production line utilization rate of China Resources Building Materials Technology in 2023 was lower than that in 2022. In 2023, the utilization rates of the Group's cement, clinker and concrete production lines were 71.8%, 81.0% and 25.9% respectively, as compared to 81.6%, 90.5% and 29.3% respectively in 2022.

In terms of energy saving and emission reduction, the company has made remarkable achievements. In 2023, the standard coal consumption per ton of clinker products decreased by 4.34 kg; 14 production lines reached the benchmark level of primary energy consumption stipulated in GB16780, with a total production capacity of 20.67 million tons, accounting for 33% of the production capacity, achieving the goal of 30% of the clinker production capacity of five ministries and commissions of the state reaching the primary energy consumption level in 2025 two years ahead of schedule.

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