In the first quarter, the volume and price of the cement industry fell, opened low and went low, the industry's income and profits fell sharply, and many enterprises turned from profit to loss. Shangfeng Cement responded flexibly, improved quality and reduced cost from outside to inside, and developed steadily. On the evening of the
29th, Shangfeng Cement announced that due to the overall situation of the industry and the winter break of the Northwest Regional Base in the first quarter, the sales volume and price of the company's cement products declined, and the operating income in the first quarter decreased by 34.61% to 909 million yuan compared with the same period last year, realizing a net profit of 14.5969 million yuan attributable to shareholders of listed companies; Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 19.9437 million yuan, down 86.2% year on year.
Faced with the downturn in the industry, the company focused on promoting internal cost reduction and cost control, forging new quality productivity around energy saving and low carbon, and enhancing cost competitiveness. In the first quarter, the comprehensive gross profit rate was 22.36%, which continued to maintain a better level in the industry. The main business in the northwest region and Xinjiang Tianshan acquired Bohai Cement. In the first quarter, the company achieved green power generation of 3.09 million degrees, energy storage and discharge of 187,000 degrees, a new photovoltaic power station was put into operation, and the self-developed "Shangfeng Double Carbon" and "Shangfeng Zhiwei" systems were newly certified; The investment value of the new economic industry fund has risen, and the "one main and two wings" continue to maintain stable development.
