Recently, Sichuan Shuangma released the semi-annual report of 2024. During the reporting period, the company realized operating income of 482 million yuan, down 14.08% year-on-year; realized net profit attributable to shareholders of listed companies of 113 million yuan, down 75.06% year-on-year.
Net profit of 113 million yuan, in the cement industry where profits have shrunk dramatically and even a large number of enterprises are facing losses, has been a remarkable achievement. How did Sichuan Shuangma do it?
Looking closely at the business income composition table of Sichuan Shuangma, we can find that in the first half of 2024, the loss of Sichuan Shuangma cement business was about 3.4 million yuan, the profit of aggregate business was about 16.15 million yuan, and the profit of private equity fund management was about 221 million yuan.
Sichuan Shuangma's private equity fund management business mainly refers to the management and investment of funds, providing management services to private equity funds, collecting management fees and performance sharing. Sichuan Shuangma currently manages a total fund of nearly 28 billion yuan, and has achieved good results in new energy, semiconductor, advanced manufacturing and other investment fields.
In the current downturn of the cement industry, "not doing proper work" may be a way out for enterprises, such as industrial chain extension, photovoltaic, investment and so on. However, the reshuffle in other industries is also intensifying. Taking the private equity market as an example, according to the monthly data of private equity manager registration and product filing released recently by the China Foundation Association, about 970 private equity institutions were cancelled from January to July this year. In July, the size of the existing fund further declined to 19.69 trillion yuan, a year-on-year decline of 1.13 trillion yuan. In the
big wave washes the sand, whether the enterprise can seek the benefit and gain a firm foothold really depends on its own ability.
