of February 26, Yatai Group issued a reply announcement on the regulatory letter of the Shanghai Stock Exchange on the company's performance forecast (hereinafter referred to as the reply). For the cement building materials business segment,
the reply shows that in 2023, the comprehensive gross profit rate of Yatai Group's building materials products is expected to be -10.98%, which is 12.04 percentage points lower than the comprehensive gross profit rate of 1.06% in 2022. The sales revenue of cement and clinker products accounts for about 74.5% of the company's building materials industry revenue, which is the main product of the company's building materials industry. Comparison
of changes in unit selling price, unit cost, unit gross profit and gross profit margin of
cement and clinker In 2023, due to weak market demand and intensified competition, the market selling price of cement and clinker decreased significantly as compared with the same period last year. In order to ensure the stability of cash flow, the company speeds up the return of cash by pre-selling cement and clinker. According to the market practice, the pre-sale price is lower than the market sales price in the same period, resulting in the sales price of cement and clinker being lower than the average market sales price. Although the price of raw materials has also declined, it is affected by comprehensive factors such as insufficient production capacity. The unit cost of cement and clinker products of the company has not decreased significantly, because the price reduction of the main products far exceeds the cost reduction, resulting in a significant year-on-year decline in the gross profit margin of the building materials industry. & nbsp;
Comparison of sales volume, market share and customer change of building materials business & nbsp;
Yatai Group said that the building materials business was mainly distributed in the three northeastern provinces. In 2023, the sales volume and regional customers in Jilin and Heilongjiang increased year-on-year, while the sales volume and regional customers in Liaoning declined.
Yatai Group said that compared with the same industry companies, the overall downward trend of gross interest rate of building materials products is basically consistent with the industry trend and the above-mentioned companies in the same industry. In addition, Yatai Group said it was not sure whether the loss of the company's building materials business was sustainable. As a large-scale building materials enterprise in Northeast China, the company will give full play to the advantages of resources, brand and scale, improve the price system in different formats, regions and levels, strengthen cost control, rationally adjust product layout, strengthen market development, strengthen online and offline layout, and strive to improve the profitability of the building materials industry through various measures.
