GHPC(01847)

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云南建投混凝土(01847) - 2022 - 中期财报
2022-09-19 08:39
Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2022, representing a 15% increase compared to the same period last year[23]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a 15% year-over-year growth[26]. - For the six months ended June 30, 2022, the Group recorded revenue of approximately RMB 806.3 million, representing a decrease of 25.4% from the corresponding period of 2021[35]. - Revenue generated from the production and sales of ready-mixed concrete was RMB 744.0 million, accounting for 92.3% of the total revenue[47]. - The total revenue for the same period was RMB 806.3 million, representing a year-on-year decline of 25.4%[48]. - Revenue for the six months ended June 30, 2022, was RMB 806,297,000, a decrease of approximately 25% from RMB 1,080,225,000 in the same period of 2021[190]. Profitability - The gross profit margin improved to 30%, up from 28% in the previous year, indicating better cost management and pricing strategies[23]. - The company aims to achieve a net profit margin of 15% by the end of 2022, up from 12% in the previous year[23]. - The Group's profit before income tax was approximately RMB 27.2 million, representing an increase of 15.7% from the corresponding period of 2021[35]. - The net profit attributable to equity holders of the Company was RMB 18.8 million, representing a period-on-period increase of 34.3%[44]. - The gross profit for the six months ended June 30, 2022, was approximately RMB 90.6 million, representing an increase of 17.4% from the corresponding period of 2021[35]. - Profit for the reporting period was RMB 20.7 million, representing an increase of 13.7% from the same period in 2021, with basic earnings per share at RMB 0.04[65]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[23]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to establish two new distribution centers by Q4 2022[30]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance market share by 5%[31]. - The Group aims to enhance the management of project progress payments to improve contract performance rates and safeguard interests[57]. - The Group is exploring cooperation with large state-owned enterprises to optimize the upstream and downstream industrial chain[57]. - The Group intends to invest in research and development of new products and technologies to improve its industrial chain structure[77]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies for sustainable construction materials[23]. - The company is investing 50 million RMB in research and development for innovative concrete solutions over the next two years[32]. - New product development includes a high-performance concrete mix that reduces carbon emissions by 25%, expected to launch in Q4 2022[23]. - New product and technology development efforts will focus on UHPC, commercial mortar, and resource utilization of construction waste[86]. - The technology innovation center will emphasize low-carbon construction and 3D printing technologies to accelerate the application of technological achievements[87]. - The company initiated R&D for ultra-high performance materials, focusing on low-carbon technologies and green construction materials[92]. Operational Efficiency - The management has implemented new strategies to improve operational efficiency, aiming for a 12% reduction in production costs by the end of 2022[33]. - The Group has strengthened its operational measures, focusing on market development, contract negotiation, and maintaining relationships with major customers[55]. - The Group's administration expenses decreased by 29.2% to RMB 42.2 million for the six months ended June 30, 2022, compared to RMB 59.6 million in the same period of 2021[65]. - The decrease in operating expenses was attributed to centralized procurement and cost reduction measures, leading to a lower proportion of operating expenses relative to revenue[65]. - The Group's earnings before interest and tax for the six months ended June 30, 2022, were RMB 34.6 million, compared to RMB 27.9 million for the same period in 2021[67]. Shareholder Information - YCIH holds a total of 280,050,000 domestic shares, representing 89.65% of the total issued shares[134]. - The total beneficial ownership of YCIH and controlled corporations is 89.65%, with a long position[134]. - The report highlights a concentrated ownership with the top shareholders holding substantial percentages of the total issued shares[134]. - The ownership structure indicates a strong long position across major shareholders, with YCIH and China Resources being significant players[134]. - The total number of shares held by overseas investors is 51,450,000, representing 16.47% of the domestic shares[134]. Future Outlook - Future guidance estimates a revenue growth of 12% for the second half of 2022, driven by increased demand in the construction sector[23]. - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2022, which would require a 10% increase in the second half[28]. - The Group plans to expand its industrial layout and participate in key projects under the "14th Five-Year Plan," focusing on upstream raw material resources and technical transformation of existing concrete production[77]. - The construction industry in Yunnan Province is expected to see greater development during the "14th Five-Year Plan" period, driven by various major projects[79]. - The Group aims to create a platform economy to facilitate rapid growth and strengthen its market position[88]. Corporate Governance - The company has complied with all applicable code provisions in the Corporate Governance Code for the six months ended June 30, 2022[109]. - The audit committee reviewed the unaudited condensed consolidated interim results for the six months ended June 30, 2022[109]. - The company appointed a new deputy general manager on May 13, 2022, indicating a change in senior management[111]. - The company did not make any material acquisitions or disposals of subsidiaries, associates, or joint ventures[77]. Financial Position - As of June 30, 2022, total assets were RMB 4,932.8 million, an increase of 3.6% compared to December 31, 2021[65]. - Total liabilities as of June 30, 2022, were RMB 3,563.9 million, reflecting a 4.4% increase from December 31, 2021[65]. - The current ratio of the Group was 131.8%, slightly down from 132.6% as of December 31, 2021[67]. - The net cash outflow from operating activities for the six months ended June 30, 2022, was approximately RMB 319.2 million, a significant decrease from a net cash inflow of approximately RMB 8.1 million for the same period in 2021[69]. - The Group's credit risk is primarily related to cash and bank deposits, restricted cash balances, and receivables, with management believing there is no significant credit risk due to high-quality financial institutions[172].
云南建投混凝土(01847) - 2021 - 年度财报
2022-04-25 08:36
Financial Performance - The company reported a consolidated revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[3]. - The company achieved a net profit of RMB 300 million, reflecting a 12% increase compared to the previous year[3]. - The company reported a total revenue of RMB 1.5 billion for the year ended December 31, 2021, representing a year-on-year increase of 15%[12]. - The company achieved a net profit margin of 10%, translating to a net profit of RMB 120 million, up from RMB 100 million in the previous year[16]. - For the year ended December 31, 2021, the Group achieved revenue of RMB2,103 million, representing a year-on-year decrease of 47.5%[80]. - The gross profit for the same period was approximately RMB141 million, reflecting a decrease of 67.6% year-on-year[41]. - Profit before income tax was approximately RMB15 million, which decreased by 94.6% compared to the previous year[41]. - The total revenue from sales of ready-mixed concrete was RMB2,087 million, also reflecting a decrease of 47.5% compared to the previous year[80]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[3]. - The company plans to expand its market presence by entering three new provinces in the next fiscal year, targeting a 25% growth in regional sales[16]. - The company aims to enhance its market penetration in Yunnan Province by extending its production network to county-level regions and participating in large-scale infrastructure projects[67]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a focus on companies in the construction materials sector[3]. - The company is exploring potential acquisitions of smaller competitors to enhance its market share, with a budget of RMB 200 million allocated for this purpose[16]. Product Development and Innovation - New product development includes the launch of a high-performance concrete line, expected to contribute an additional RMB 200 million in revenue in 2022[3]. - New product launches are expected to contribute an additional RMB 300 million in revenue in 2022, with a focus on eco-friendly materials[12]. - YCIH is investing RMB 50 million in R&D for new concrete technologies aimed at reducing carbon emissions by 30%[16]. - The company plans to invest proceeds from a global offering into the acquisition of sand and gravel resources, upgrading concrete production technology, and R&D for new products and technologies[65]. - The company is committed to developing ultra-high performance concrete and enhancing product specialization to improve the acquisition rate of quality project orders[72]. Research and Development - The company has allocated RMB 50 million for research and development in green technologies, aligning with national environmental goals[3]. - Research and development expenses increased by 10% to RMB 200 million, reflecting the company's commitment to innovation[12]. - The Group applied for one new invention patent and obtained 23 utility model patents in 2021, reflecting its commitment to technological research and development[28]. - The company has achieved significant technological advancements, including 6 invention patents and 22 utility model patents since 2011[168]. Corporate Governance and Management - The management emphasized the importance of adhering to the "14th Five-Year Plan" to align with national economic strategies[3]. - The company has established a risk management committee to oversee financial and operational risks, ensuring compliance with industry regulations[16]. - The company has maintained a good relationship with employees, with no major labor disputes impacting normal business management during the reporting period[101]. - The company has a strong governance framework with independent directors to enhance accountability and transparency in its operations[192]. Financial Guidance and Future Outlook - Future guidance estimates a revenue growth of 10-15% for 2022, driven by increased demand in infrastructure projects[3]. - The company has set a performance guidance of 20% revenue growth for 2022, aiming for RMB 1.8 billion in total revenue[12]. - The management provided guidance for the next fiscal year, projecting revenue growth of 18% and a net profit increase of 12%[16]. Environmental and Social Responsibility - The Company invested over RMB 4 million in environmental improvement and transformation of the civil aviation batching plant in Zhaotong City, Yunnan Province[28]. - The Company initiated the "Protect the Yangzong Sea and Plant Trees for Three Years" campaign, planting over 1,000 trees covering 21 mu[28]. - The company is committed to sustainable practices in its operations, aligning with industry trends towards green construction solutions[191]. Challenges and Market Conditions - The growth rate of fixed asset investment in Yunnan Province was only 4.0%, significantly lower than the expected 11%[23]. - The Group faced delays in project execution due to factors such as the COVID-19 pandemic and tightened bank loans to real estate enterprises[80]. - Approximately RMB1.9 billion of concrete supply contracts could not be fulfilled in 2021 due to various operational challenges[80].
云南建投混凝土(01847) - 2021 - 中期财报
2021-09-14 08:31
雲建綠呛 GHPC - 粤南建投綠色高性能混凝土股份有限公司 YCIH Green High-Performance Concrete Company Limited (A joint stock company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Stock code 股份代號: 1847 砕創未來 202 ERIM F a 00 00 00 u D 00 / For at the broad 00 0 nd Contents 目錄 Definitions 1 釋義 Corporate Information 5 公司資料 Financial Highlights 8 財務摘要 Management Discussion and Analysis 9 管理層討論與分析 Milestone Events in the First Half of 2021 21 2021年上半年重要事件 Other Information 23 其他資料 Interim Cond ...
云南建投混凝土(01847) - 2020 - 年度财报
2021-04-22 08:31
雲建綠呛 GHPC 疊南建投綠色高性能混凝工股份有限公司 YCIH Green High-Performance Concrete Company Limited 2012 Annual Report 年度報告 (A joint stock company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Stock code 股份代號: 1847 | --- | --- | |------------------------------------------------------------------------------------------|-------| | | | | | | | Contents 目錄 | | | Definitions 1 釋義 | | | Corporate Information 7 公司資料 | | | Chairman's Statement 11 | | | 董事長致辭 Financial Highlights 14 | | ...
云南建投混凝土(01847) - 2020 - 中期财报
2020-09-15 08:38
雲建綠呛 GHPC- <香格里拉金沙江特大橋] g g it 号 शा शा 綠 10 -OdHD- 视频亚洲 | | | 鲁南建投綠色高性能混凝土股份有限公司 YCIH Green High-Performance Concrete Company Limited (A joint stock company incorporated in the People's Republic of China with limited liability) ( 於中華人民共和國註冊成立的股份有限公司) Stock code 股份代號: 1847 2020 Interim Report 中期報告 Definitions 1 釋義 Corporate Information 6 公司資料 Financial Highlights 10 財務摘要 Management Discussion and Analysis 11 管理層討論與分析 Milestone Events in the First Half of 2020 22 2020年上半年重要事件 Other Information 24 其他資料 Interi ...
云南建投混凝土(01847) - 2019 - 年度财报
2020-04-24 08:35
ly | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------| | u \n= | | | Ity | | | | | | | | | | | | | 雲建綠砕 GHPC- | | | 雲南建投綠色高性能混凝工股份有限公司 YCIH Green High-Performance Concrete Company Limited | | | (A joint stock company incorporated in the People's Republic of China with limited liability) ( 於中華人民共和國註冊成立的股份有限公司) | | | Stock code 股份代號: 1847 | | | 2019 | Annual Report 年度報告 | --- | --- | |---------------- ...