According to incomplete statistics, there are about 33 listed companies developing commercial mixing business in A-share motherboard, Hong Kong stock and Taiwan stock, of which 9 companies take commercial mixing as their main business. In the semi-annual report of 2024, 26 listed companies disclosed specific mixed business income, while listed companies such as Shanghai Construction Engineering, Jinyu Group, Qingsong Jianhua, China Nengjian, Yatai Group, Suning Global and Anhui Construction Engineering did not disclose mixed business income data. With regard to the sales volume, selling price, gross profit margin and payment collection performance of listed companies in the first half of 2024, the detailed analysis is as follows:
1. In the first half of
2024, 26 listed companies achieved a total revenue of 32.637 billion yuan, a decrease of 11.74% compared with the same period in 2023, a decrease of about 0.47 percentage points compared with the same period in 2023.
In terms of total revenue, in the first half of 2024, China's building materials realized commercial mixed revenue of 10.969 billion yuan, which is still the largest commercial mixed business enterprise in China. Secondly, Western Construction, Huaxin Cement, Huarun Building Material Science and Technology and Conch Cement, the top five listed companies achieved a total commercial mixed income of 27.404 billion yuan, accounting for 83.97% of the total commercial mixed income of 26 listed companies, an increase of about 2.94 percentage points compared with the same period in 2023. Finally, Shangfeng Cement, Tapai Group, Shentiandi, Tailin Kejian and Huaibei Green Gold's commercial mixed income in the first half of the year was between 0.22 and 0.60 billion yuan, ranking in the bottom five.
From the perspective of income growth, in the first half of 2024, 19 listed companies'mixed business income decreased year-on-year, with a decline of more than 40% for Tailin Kejian (-63.67%), * ST Shentian (-58.95%), Yunnan Jiantou Concrete (-54.84%) and Shanshui Cement (-40.24%). The mixed revenue of the remaining 15 listed companies fell between 4.91% and 39.26% year on year.
At the same time, 7 listed companies achieved year-on-year growth in commercial mixed revenue. Among them, the largest increase was Zhongguancun, and the mixed income increased by 27.48% year on year; The remaining six companies with revenue growth were Huaxin Cement (24.21%), Conch Cement (20.60%), Huarun Building Material Technology (17.06%), Zhixin Group (16.07%), Gaoli Group (11.16%) and Xinwei International (6.39%).
Table 1: Commercial Mixed Income of 26 Listed Companies in the First Half of 2022-2024 (Unit: 100 million yuan,%)
Data source: Cement Big Data (https://data.ccement.com/)
