Recently, a number of cement enterprises have issued 2023 annual performance forecasts, in general, in addition to the net profit growth of Tapai Group, the rest of the cement enterprises have experienced a sharp decline year-on-year, and even some enterprises have suffered large losses.
Tianshan
's net profit attributable to shareholders of listed companies in 2023 is estimated to be 1.6 billion yuan to 2.08 billion yuan, down 64.78% to 54.21% from the same period last year, with a profit of 4.542 billion yuan.
Jinyu Group
expects to achieve a net profit of 20 million to 150 million yuan attributable to shareholders of listed companies in 2023, a decrease of 98.4% to 87.6% compared with the same period last year. According to the report
of Jidong Cement
, the net profit attributable to shareholders of listed companies in Jidong Cement in 2023 is expected to be 1.4 billion to 1.5 billion yuan, and the profit in 2022 is 1.358 billion yuan. The profit attributable to owners of the Company
for the year ending 31 December 2023 is expected to decrease by approximately 58% to 67% as compared to the year ending 31 December 2022. In 2022, the profit attributable to the owners of China Resources Building Materials Technology Company was about HK $1.936 billion.
The Group expects that the net loss attributable to equity holders of the Company for the year ending 31 December 2023 will not be less than approximately RMB850 million. For the year ended 31 December 2022, net profit attributable to equity holders of the Company amounted to approximately RMB748.7 million. ACC
expects the Group's unaudited profit attributable to equity holders to decrease by approximately 75% in 2023 as compared to the same period in 2022. In 2022, Asia Cement (China) achieved an operating income of 9.614 billion yuan and a net profit of 420 million yuan attributable to the parent company.
Yatai Group
expects that the company's annual operating performance will show a loss in 2023, and the net profit attributable to the owner of the parent company will be-3.3 billion yuan to-4.9 billion yuan; It is estimated that the net profit attributable to the owner of the parent company after deducting non-recurring gains and losses will be-3292.43 million yuan to-489243 million yuan in 2023.
Zhejiang Jianfeng Group expects to achieve a net profit of 105 million yuan to 135 million yuan attributable to shareholders of listed companies in 2023, which will reduce 15272 by 0.04 million yuan to 18272 by 0.04 million yuan compared with the same period last year. Year-on-year decrease of 53.08% to 63.51%.
Tapai Group
expects that the net profit attributable to shareholders of listed companies in 2023 will be 666 million yuan to 799 million yuan, an increase of 150% to 200% over the same period last year.
Fujian Cement
Company is expected to increase its losses from January to December 2023. The net profit attributable to shareholders of listed companies is-380 million to-290 million, and the net profit is 56.61% to 19.52% lower than the same period last year.
As for the reasons for profit changes, many cement enterprises said that the main reason for the sharp drop in the price of cement products was the announcement
of Tianshan Cement . The change in performance was mainly due to the impact of weak market demand and significant price reduction , and the gross profit of cement clinker and commercial concrete decreased year on year.
Jidong Cement said that the price of products dropped sharply, and the cost drop was difficult to compensate for the impact of the price drop, resulting in a loss in operating performance during the reporting period. The announcement of Shanshui
Cement shows that the main reason for the loss is the sharp drop in the sales price of cement.
Yatai Group said that the main reasons for the performance loss in the current period were as follows: 1. During the reporting period, the total demand for cement showed a downward trend. Affected by factors such as weak market demand, intensified competition and sharp price drop, the gross profit rate of cement clinker and commercial concrete of the company dropped sharply. Lead to the loss of the company's building materials industry.
2、 During the reporting period, the real estate industry of the Company was still in the stage of deep adjustment, and the volume and price of commodity houses of the real estate enterprises of the Company were under pressure. The Company dynamically adjusted its operation and sales strategies according to the market situation, strengthened the de-industrialization efforts, and the gross profit margin of the carry-over projects remained low, resulting in the loss of the real estate industry of the Company.
Fujian Cement said that due to the decline in market demand, the company's cement sales in 2023 decreased by 5.66% compared with the same period last year, and the average price of cement decreased by 15.87%. As the decrease in the selling price of cement was greater than the decrease in the cost, the gross profit margin of cement sales decreased year on year, resulting in a large loss in the main business during the period. Tapai Group,
the only group whose net profit increased year-on-year, said that thanks to the fact that the average sales cost of cement decreased more than the average sales price of cement during the reporting period , the comprehensive gross profit rate increased by about 9 percentage points year-on-year, and the profitability of the main cement industry improved significantly year-on-year;
At the same time, during the reporting period, the company's non-recurring gains and losses are expected to be about 110 million yuan, while in 2022, the non-recurring gains and losses are greatly affected by the floating losses of securities investment, which is expected to increase by about 163 million yuan compared with the same period last year.
