Newsletter summary
Sifang New Materials 2023 revenue and net profit double increase in the first quarter of this year net profit growth of nearly 20% Securities Times News, on the evening of April 26, Sifang New Materials released 2023 results report that the company achieved operating income 19.H2overdrive87 billion yuan, an increase of 20% over the same period last yearH2overdrive.19%; the net profit of returning to the mother was 12.9645 million yuan, compared with the previous year.
Text of news flash
Sifang Xincai's revenue and net profit in 2023 increased by nearly 20% in the first quarter of this year. On the evening of April 26th, Sifang Xincai released its 2023 performance report, saying that the company realized operating income of 1.987 billion yuan, an increase of 20.19% over the same period last year. Its mother's net profit was 12.9645 million yuan, turning a loss into a profit compared with the same period last year. The first quarterly report disclosed on the same day showed that in the first quarter of this year, Sifang Xincai achieved revenue of 324 million yuan, and its net profit was 15.4004 million yuan, an increase of 18.06% over the same period last year, showing a sustained growth trend. Sifang Xincai said that in 2023, the company will expand its production and operation scale through mergers and acquisitions, and the output and operating income of commercial concrete will be maintained.H2overdriveStable growth; at the same time, through centralized procurement, leasing vehicles, optimizing the personnel structure and other measures to continue to promote cost reduction and efficiency work, cost control has achieved initial results; through consultation, litigation and other measures to increase the strength of accounts receivable, improved the structure of accounts receivable and realized turning losses into profits. According to the annual report, Sifang new material is a "ready-mixed concrete green building material rating mark" enterprise, the company has completed the layout of the commercial concrete base in the main urban area of Chongqing and its surrounding areas, and the four commercial concrete bases currently have a centralized and unified layout, with a design production capacity of about 15.5 million cubic meters per year, and two mortar production lines with an annual design capacity of 1.2 million cubic meters per year. During the reporting period, the company's commercial concrete production was 5.5875 million cubic meters, an increase of 31.04% over the same period last year. At the end of 2023, the company completed the construction of the first phase of prefabricated concrete components and produced 20800 cubic meters of prefabricated concrete components, which is currently in the stage of market expansion. Sifang Xincai believes that at this stage, the market space of the commercial concrete industry will be restrained to a certain extent, the living space of small and medium-sized commercial concrete enterprises will be squeezed, and the trend of concentration of the industry to the leader will become increasingly obvious. Higher requirements are put forward for the production capacity, production cost and service capacity of commercial concrete suppliers, so as to raise the threshold for industry entry. Commercial concrete enterprises with small production scale, weak guarantee and supply capacity and difficult cost control will face survival challenges, leading to the rapid increase of industry concentration. As the leading enterprise in the commercial concrete market in Chongqing, the company ploughs the main business, improves the industrial layout of Chongqing, continues to increase its market share during the industry trough, and enhances its profitability and anti-risk ability through a variety of cost-reducing and efficiency measures. Sifang Xincai said that based on the national strategic background of "Western Development" and "Chengdu-Chongqing Shuangcheng Economic Circle", combined with the development planning of Chongqing and the characteristics of commercial concrete industry, the company will firmly grasp the development opportunities and be guided by customer demand. through the advantages of base layout, industrial chain, cost control, technology research and development, brand, the expansion of regional market and the promotion of core competitiveness can be realized. Strive to lead the development of commercial concrete industry in Chongqing. (Zheng Yuchuan) proofreadingH2overdriveZhu Tianting
