On April 26, China Resources Building Materials Technology released its annual report for 2023, which showed that as of December 31, 2023, the company's comprehensive turnover amounted to RMB 25.55 billion. Profit attributable to owners of the company was 644 million yuan, a decrease of 60.1% over the same period last year.
It is worth noting that the aggregate business is growing rapidly! In 2023, the aggregate sales volume of China Resources Building Materials Technology was 45.583 million tons, an increase of 201.5% over 2022. Aggregate gross margin was 54.3%! After the expansion of aggregate mines in 2023, the annual aggregate production capacity is expected to reach 14750 million tons upon the completion of all sand and gravel projects, and the estimated annual aggregate production capacity controlled by the equity interests of associates and joint ventures is about 13.6 million tons. The
report said that the three capabilities of aggregate project construction, operation and sales should be effectively improved to make it a ballast stone for the profit contribution of China Resources Building Materials Science and Technology!
It is understood that in 2023, Huarun Building Material Science and Technology will further enrich the reserve of high-quality aggregate mine resources, and accelerate the construction and commissioning of aggregate projects. In January
2023, it won the mining right of Longma Mountain in Binyang County, Nanning, Guangxi at a base price of 150 million yuan. The available resource reserves of the mine are 75.9313 million tons, and the planned annual production capacity is about 5 million tons. In March
2023, the aggregate concrete project of China Resources Cement in Xixiu District, Anshun City, Guizhou Province was officially completed and put into operation, with an annual concrete production capacity of about 1 million cubic meters and a planned annual aggregate production capacity of about 2 million tons. In June
2023, Huarun Calcium New Materials (Pingyuan) Co., Ltd. won the mining right of limestone for cement in Maoping Mining Area, Dongshi Town, Pingyuan County, Meizhou City, Guangdong Province for 54.6945 million yuan. The reserve of limestone for cement is about 30.8 million tons, and the planned annual production capacity is about 2.5 million tons. The reserve of aggregate resources is about 12 million tons, and the planned annual production capacity is 1.3 million tons. In June
2023, the aggregate project of Fengkai Dapai Mining Area in Zhaoqing City, Guangdong Province was put into operation, with a total investment of 6 billion yuan, a mine resource reserve of about 157 million cubic meters (about 425 million tons) and a production scale of 11 million cubic meters per year (about 30 million tons per year). In July
2023, the granite aggregate project for construction in Jiudingling, Dingan County, Hainan was officially completed and put into operation, with a resource reserve of about 66.3 million tons and a planned annual production capacity of about 3 million tons of aggregate machine-made sand. In November
2023, the commissioning ceremony of Huarun Hongshuihe Cement Project with an annual output of 3 million tons of aggregate was held in Binyang County, Nanning, Guangxi. In December
2023, Huarun Shaanxi Xinhuada Building Materials Project with an annual output of 3 million tons of aggregates was officially started. Jing Shiqing, president of
China Resources Building Materials Technology, has said that with the release of production capacity, aggregate sales are expected to exceed 70 million tons in 2024, which will become a strong source of profit growth for the company.
