Shangfeng Cement announced in the evening of April 24 that its operating income in 2024 was 5.448 billion yuan, down 14.83% year-on-year; the net profit attributable to shareholders of listed companies was 627 million yuan, down 15.70% year-on-year; and the basic earnings per share was 0.66 yuan. The company intends to distribute a cash dividend of 6.3 yuan (including tax) to all shareholders for every 10 shares.
In 2024, the Company produced 15.1599 million tons of clinker , a decrease of 4.40% over the previous year; the actual export volume of clinker was 4.2095 million tons, a decrease of 9.91% over the previous year; The gross profit margin of clinker sales was 21.97%, representing an increase of 1.32 percentage points over the previous year. In 2024, the Company produced 16.5922 million tons of cement, representing a decrease of 1.65% over the previous year; sold 16.5364 million tons of cement, representing a decrease of 1.46% over the previous year; and the gross profit margin of cement sales was 24.23%, representing a decrease of 1.15 percentage points over the previous year. The gross profit margin of clinker and cement was basically the same as that of the previous year, and the coal price decreased this year. Meanwhile, the Company achieved results in cost reduction and efficiency enhancement, and the energy consumption cost of clinker decreased by 2.12 yuan/ton compared with that of the previous year. Cement production continued to optimize the proportion of raw materials, and the manufacturing cost decreased year on year, which offset the impact of the decline in product prices.
In 2024, the Company produced 9.673 million tons of aggregate, with a year-on-year decrease of 27.09%; sold 9.6337 million tons of aggregate, with a year-on-year decrease of 27.28%; The gross profit margin of aggregate sales was 66.15%, representing a decrease of 4.57 percentage points as compared with the previous year, which was mainly due to the changes in the aggregate market in the Yangtze River region and the northwest region. The Company will improve the production and sales capacity of finished aggregates according to the changes in the regional market.
As at the end of the reporting period, the Company's total annual production capacity of cement clinker was approximately 18 million tons, the total annual production capacity of cement was approximately 20 million tons, the annual waste heat power generation capacity was approximately 86 MW, the total annual production capacity of commercial concrete was approximately 600,000 cubic meters, the total annual production capacity of aggregate was approximately 18 million tons, and the total annual production capacity of environmental protection and co-disposal of various hazardous solid wastes was approximately 868,000 tons. The installed capacity of photovoltaic power generation is 23.59MW, and the installed capacity of energy storage is 4MWh. The capacity utilization rate of cement clinker varies greatly from region to region, and the actual operation rate is mainly adjusted at any time according to the local peak-shifting production policy.
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