2024, Jianfeng Group (600668) released its annual report for 2023, which realized business income of 2.893 billion yuan in 2023, down 18.73% from the same period last year; The net profit was RMB93.7562 million, representing a year-on-year decrease of 67.41% ; the basic earnings per share was RMB0.2725; the weighted average ROE was 1.82%; the net cash flow from operating activities was RMB42.4289 million, representing a year-on-year decrease of 88.93%; The net cash flow from investment activities was RMB-198 million, and the net cash flow from financing activities was RMB-31.6371 million, representing a year-on-year decrease of 172.74%. In
2023, Jianfeng Group achieved a total sales volume of 5.96 million tons of cement and clinker , an increase of 1.9% over the same period last year. In 2023, the cement production was 5.6338 million tons, a year-on-year decrease of 1.22%, and the cement sales volume was 5.6344 million tons, a year-on-year decrease of 1.27%.
Jianfeng Group's building materials business is mainly distributed in Hubei, Yunnan, Guizhou and Zhejiang. Each of the three holding subsidiaries of Daye Jianfeng, Yunnan Jianfeng and Guizhou Jianfeng has a new dry process cement production line to produce and sell cement and clinker; the company also gains investment income by participating in Nanfang Jianfeng and Tianshan shares. In recent years, the company has set up Hubei Jianfeng Building Materials and Yunnan Jianfeng Building Materials successively, extending to machine-made sand, aggregate and other building materials industries. The cement enterprises of the Company adhere to the strategy of "cost leadership", improve labor productivity by continuously promoting management innovation, process innovation and equipment renewal, realize energy saving, emission reduction and carbon reduction, and promote green production. At the same time, they actively respond to market changes, formulate competitive strategies according to the characteristics of each regional market, and actively explore the sales market with two sales modes of direct sales and distribution.
