On January 31, Beijing Jinyu Group Co., Ltd. issued a performance reduction announcement for 2023. The
announcement shows that the net profit attributable to shareholders of listed companies is expected to be between 20 million and 150 million yuan in 2023, a decrease of 98.4% to 87.6% compared with the same period last year.
It is estimated that the net profit attributable to shareholders of listed companies after deducting recurring gains and losses in 2023 will be between-215000-200 million yuan, a decrease of 298.5%-270.7% compared with the same period last year. The main reasons for the changes in the results for the
period:
during the reporting period, the cement business of the Company continued to reduce costs and increase efficiency, the prices of major raw materials such as coal decreased year-on-year, the costs of cement and clinker decreased year-on-year, and the expenses during the period decreased year-on-year; However, the market price of cement has dropped sharply, and the cost drop is difficult to make up for the price drop. The real estate development business was affected by policies and markets, and the carry-over area and gross profit margin decreased compared with the same period last year. During the
reporting period, the comprehensive sales volume of cement and clinker of the Company was approximately 93 million tons (accounting), representing an increase of approximately 7% as compared with 86.87 million tons in the same period of last year; the sales volume of concrete of the Company was approximately 13.872 million cubic meters, representing an increase of approximately 16.4% as compared with 11.917 million cubic meters in the same period of last year; The company's real estate carry-over area is about 1.148 million square meters, a decrease of about 7.7% compared with 1.244 million square meters in the same period last year.
