SHANGFENG CEMENT(000672)

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上峰水泥(000672) - 上峰水泥投资者关系管理信息
2024-11-02 08:28
Group 1: Financial Performance - In the first three quarters of 2024, the company produced 11.12 million tons of clinker, a decrease of 5.25% year-on-year; produced 11.67 million tons of cement, down 4.66% year-on-year; total sales of cement and clinker reached 15.09 million tons, a decline of 4.78% [2] - The average selling price of cement decreased by 14.46% year-on-year, while the average selling price of clinker fell by 22.82% [2] - The company achieved a total operating revenue of 3.815 billion yuan, a decrease of 21.77% compared to the same period last year; net profit attributable to shareholders was 404 million yuan, down 42.27% year-on-year [2] - In Q3 2024, the net profit attributable to shareholders was 234 million yuan, an increase of 38.09% year-on-year [2] Group 2: Business Structure and Strategy - The company's business structure is balanced, with the main business contributing approximately 60% to net profit, while the extended industrial chain and investment wings each contributed about 20% [3] - The company focuses on cost reduction, efficiency improvement, and management control, achieving a significant decrease in costs, with the average standard coal consumption for clinker at approximately 100.6 kg/ton, nearing industry benchmarks [3] - The company sold 6.32 million tons of aggregates in the first three quarters, with profit contribution consistently exceeding 20% [3] Group 3: Future Outlook and Market Conditions - The fourth quarter is expected to be a traditional peak season for the cement industry, with recent price increases in various regions, particularly in East China [4] - The company anticipates a positive outlook for the cement market in Q4, benefiting from cost control advantages and the recovery of prices [4] - The new regulations on capacity replacement in the cement and glass industry are expected to promote healthy development by eliminating backward production capacity and optimizing the production structure [5] Group 4: Investment and Growth - The company is committed to its "one main, two wings" strategy, focusing on cement as the main business while expanding into aggregates, environmental protection, and new energy sectors [5] - The company plans to continue investing in high-quality projects in semiconductor, new energy, and related industries, maintaining a strict risk control approach [3] - The average gross profit per ton of clinker cement in the first three quarters was approximately 55 yuan/ton [5]
上峰水泥:水泥主业涨价驱动底部向上,两翼战略持续推进
Tianfeng Securities· 2024-10-31 00:30
Investment Rating - The report maintains a "Buy" rating for the company with a target price of 10.46 CNY, indicating an expected upside of over 20% from the current price of 8.62 CNY [4][6][17]. Core Views - The company's Q3 performance shows a significant increase in net profit, achieving 2.34 million CNY, a year-on-year growth of 38.09%. However, the revenue for the first three quarters decreased by 21.77% year-on-year [1][2]. - The company is pursuing a "one main, two wings" strategy, focusing on its core cement business while expanding into aggregate logistics and new economic investments. This strategy is expected to enhance internal synergies and improve future performance [2][4]. Financial Performance Summary - For the first three quarters, the company reported a revenue of 381.5 million CNY and a net profit attributable to the parent company of 40.4 million CNY, reflecting a year-on-year decline of 21.77% and 42.27%, respectively. The adjusted net profit was 36.6 million CNY, down 35.33% year-on-year [1]. - The average selling price of cement and clinker has seen a decline of 14.5% and 22.8% year-on-year, respectively, but there are signs of price increases in Q3, with expectations for further price hikes in Q4 and 2024 [2]. - The overall gross margin for the first three quarters was 26.71%, a decrease of 1.08 percentage points year-on-year, while the Q3 gross margin improved to 28.88%, up 4.93 percentage points year-on-year [3]. - The company’s asset-liability ratio as of Q3 was 46.72%, a decrease of 3.17 percentage points year-on-year, indicating an improvement in capital structure [3]. Strategic Developments - The company is actively expanding its aggregate business, which saw a 39.7% decline in sales volume to 6.32 million tons in the first three quarters. The environmental disposal business also faced a revenue drop of 35.8% [2]. - The renewable energy segment has made progress, with operational solar projects generating 13.54 million kWh of green electricity, and further solar projects are planned [2]. - The company’s investments in new economic sectors are expected to provide a buffer against the cyclical nature of its core cement business, with several projects in the pipeline for public listing [2][4].
上峰水泥:关于提请召开公司2024年第九次临时股东大会的公告
2024-10-29 12:05
证券代码:000672 证券简称:上峰水泥 公告编号:2024-073 甘肃上峰水泥股份有限公司 关于召开 2024 年第九次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东大会届次:2024年第九次临时股东大会。 2、股东大会的召集人:甘肃上峰水泥股份有限公司(以下简称"公司")第十 届董事会。 公司于2024年10月29日召开的第十届董事会第三十六次会议审议通过了《关 于提请召开公司2024年第九次临时股东大会的议案》,定于2024年11月15日下午 14:30时召开公司2024年第九次临时股东大会。 3、本次股东大会会议的召集、召开符合《中华人民共和国公司法》、《上市 公司股东大会规则》等有关法律、行政法规、部门规章、规范性文件和本公司章 程的规定。 4、会议召开的日期、时间: (1)现场会议召开时间: 2024年11月15日下午14:30时。 (2)网络投票时间: 通过深圳证券交易所交易系统进行网络投票的时间为:2024年11月15日的交 易时间,即9:15-9:25,9:30-11:30和13:00 ...
上峰水泥:董事会决议公告
2024-10-29 12:02
证券代码:000672 证券简称:上峰水泥 公告编号:2024-070 甘肃上峰水泥股份有限公司 第十届董事会第三十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 甘肃上峰水泥股份有限公司(以下简称"公司")第十届董事会第三十六次 会议于 2024 年 10 月 29 日上午 10:00 时在公司会议室以通讯表决方式召开。本 次会议通知于 2024 年 10 月 18 日以邮件和书面传递方式送达各位董事,会议应 出席董事 9 名,实际出席董事 9 名(其中独立董事 3 名),会议由公司董事长俞锋 先生主持。本次会议的召集、召开和表决符合《公司法》及《公司章程》的有关 规定,合法有效。会议审议通过了如下议案: 一、审议通过《公司 2024 年第三季度报告》; 具体内容请详见与本决议公告同时刊登在 2024 年 10 月 30 日《中国证券报》 《证券时报》《证券日报》及巨潮资讯网(www.cninfo.com.cn)上的《公司 2024 年第三季度报告》(公告编号:2024-071)。 表决结果:同意票 9 张,反对票 0 张,弃权票 0 张, ...
上峰水泥(000672) - 2024 Q3 - 季度财报
2024-10-29 12:02
Financial Performance - The company's operating revenue for Q3 2024 was CNY 1,423,153,585.57, a decrease of 14.71% compared to the same period last year, and a total revenue of CNY 3,815,489,988.55 for the year-to-date, down 21.77% year-on-year [3]. - Net profit attributable to shareholders for Q3 2024 was CNY 233,594,232.03, an increase of 38.09% year-on-year, while the year-to-date net profit was CNY 404,407,085.06, down 42.27% year-on-year [3]. - The company reported a 21.77% decline in revenue to ¥3,815,489,988.55, primarily due to a 4.78% drop in sales volume and a 16.26% decrease in average selling prices [14]. - Total operating revenue for the current period is CNY 3,815,489,988.55, a decrease of 21.8% compared to CNY 4,877,312,291.59 in the previous period [23]. - Net profit for the current period is CNY 377,482,429.11, a decline of 46.5% compared to CNY 704,944,620.82 in the previous period [23]. - Earnings per share for the current period is CNY 0.42, down from CNY 0.72 in the previous period [24]. - The company’s total comprehensive income for the current period is CNY 372,551,631.28, down from CNY 704,853,315.39 in the previous period [24]. Sales and Production - The average selling price of cement products decreased by 14.46% year-on-year, and the average selling price of clinker dropped by 22.82% year-on-year [9]. - The company produced 11,119,800 tons of clinker and 11,673,000 tons of cement from January to September 2024, representing a year-on-year decrease of 5.25% and 4.66%, respectively [8]. - The company sold 6,322,700 tons of sand and gravel aggregates in the first three quarters, a decrease of 416,560 tons year-on-year [10]. Costs and Margins - The gross profit margin for the company's operating business was 26.71%, and the net profit margin was 9.89% for the first three quarters [7]. - Operating costs decreased by 20.60% to ¥2,796,341,842.15, attributed to lower raw material prices [14]. - Total operating costs for the current period are CNY 3,502,090,607.11, down 16.8% from CNY 4,211,751,148.98 in the previous period [23]. Cash Flow and Investments - The company's cash and cash equivalents decreased by 8.55% to ¥3,692,877,195.31 due to expenditures on cement-related projects, new investments, and cash dividends [12]. - The net cash flow from operating activities decreased by 7.34% to ¥737,818,666.75, with a reduction in prepaid goods and an increase in contract prepayments [15]. - The company’s investment activities generated a net cash outflow of ¥1,105,059,782.10, mainly for cement project construction and investments in joint ventures [15]. - Total cash inflow from investment activities was ¥997,559,640.53, an increase of 19.5% from ¥834,887,525.22 in the previous period [26]. - Net cash flow from investment activities was -¥1,105,059,782.10, worsening from -¥565,477,533.96 in the previous period [26]. Assets and Liabilities - The company's cash and cash equivalents decreased to CNY 3,692,877,195.31 from CNY 4,037,976,314.28 [20]. - Total assets decreased to CNY 17,710,028,008.26 from CNY 17,924,743,679.09 [20]. - Total liabilities amount to CNY 8,274,895,626.36, a slight decrease from CNY 8,336,989,379.06 in the previous period [21]. - Total equity stands at CNY 9,435,132,381.90, down from CNY 9,587,754,300.03 in the previous period [21]. - Non-current liabilities total CNY 2,935,157,515.75, a decrease from CNY 3,080,362,716.88 in the previous period [21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 48,423 [16]. - Zhejiang Shangfeng Holding Group Co., Ltd. holds 31.15% of shares, totaling 301,975,579 shares [16]. - The company has a total of 99,100,000 shares pledged by Zhejiang Shangfeng Holding Group Co., Ltd. [16]. - The company reported a total of 29,322,161 unrestricted shares held in the repurchase special securities account [17]. Future Outlook and Projects - The company is actively pursuing new economic investments in semiconductor and renewable energy sectors, with projects gradually contributing to revenue [11]. - The company is continuing the construction of a 5 million-ton aggregate production line project in Duyun, which is expected to enhance its operational capacity [10].
上峰水泥:关于续聘公司2024年度财务审计机构及内控审计机构的公告
2024-10-29 12:02
证券代码:000672 证券简称:上峰水泥 公告编号:2024-072 甘肃上峰水泥股份有限公司 关于续聘公司2024年度财务审计机构及内控审计机构的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 特别提示: 1、公司 2023 年度审计意见为标准的无保留意见; 2、本次聘任不涉及变更会计师事务所; 3、公司审计委员会、董事会对本次续聘会计师事务所事项不存在异议。 甘肃上峰水泥股份有限公司(以下简称"公司")于 2024 年 10 月 29 日召开 第十届董事会第三十六次会议审议通过了《关于续聘公司 2024 年度财务审计机 构及内控审计机构的议案》,同意聘请致同会计师事务所(特殊普通合伙)(以下 简称"致同会计师事务所")为公司 2024 年度财务审计机构及内控审计机构,并 提交公司 2024 年第九次临时股东大会审议,现将相关事项公告如下: 成立日期:致同会计师事务所(特殊普通合伙)前身是成立于 1981 年的北 京会计师事务所,2011 年 12 月 22 日经北京市财政局批准转制为特殊普通合伙, 2012 年更名为致同会计师事务所(特殊普通合伙) ...
上峰水泥:舆情管理制度(2024年10月)
2024-10-29 11:58
甘肃上峰水泥股份有限公司 舆情管理制度 第二条 本制度所称舆情包括: (一)网络、报刊、电视、广播等媒体对公司进行的负面报道; (二)社会上存在的已经或将给公司造成不良影响的传言或信息; (三)可能或者已经影响社会公众投资者投资取向,造成股价异常波动的信 息; (四)其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较 大影响的事件信息。 第三条 舆情信息的分类 (一)重大舆情:指传播范围较广,严重影响公司公众形象或正常经营活动, 使公司已经或可能遭受损失,已经或可能造成公司股票及其衍生品种交易价格变 动的负面舆情。 (二)一般舆情:指除重大舆情之外的其他舆情。 第二章 舆情管理的组织体系及其工作职责 第一章 总 则 第一条 为提高甘肃上峰水泥股份有限公司(以下简称"公司")应对各类舆 情的能力,建立快速反应和应急处置机制,及时、妥善处理各类舆情对公司股价、 商业信誉及正常生产经营活动造成的影响,切实保护公司及投资者合法权益,根 据有关法律、法规、规范性文件及《公司章程》的规定,并结合公司实际情况, 特制订本制度。 (二)评估舆情信息对公司可能造成的影响以及波及范围,拟定舆情信息的 处理方案; (三) ...
上峰水泥:2024年第八次临时股东大会法律意见书
2024-10-09 10:02
国浩律师(杭州)事务所 法律意见书 国浩律师(杭州)事务所 关 于 甘肃上峰水泥股份有限公司 2024 年第八次临时股东大会 之 法律意见书 地址:杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编:310008 Grandall Building, No.2&No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail:grandallhz@grandall.com.cn 网址/Website:http://www.grandall.com.cn 二〇二四年十月 国浩律师(杭州)事务所 法律意见书 国浩律师(杭州)事务所 关于 甘肃上峰水泥股份有限公司 致:甘肃上峰水泥股份有限公司 国浩律师(杭州)事务所(以下简称"本所")接受甘肃上峰水泥股份有限 公司(以下简称"公司")的委托,指派律师出席贵公司 2024 年第八次临时股东 大会(以下简称"本次股东大会"), ...
上峰水泥:2024年第八次临时股东大会决议公告
2024-10-09 10:02
(一)会议召开情况 证券代码:000672 证券简称:上峰水泥 公告编号:2024-069 甘肃上峰水泥股份有限公司 2024 年第八次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 特别提示: 1.本次股东大会未出现否决议案的情况。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、召开会议的基本情况 1、现场会议时间:2024年10月9日下午14:30 2、现场会议地点:浙江省杭州市西湖区文二西路 738 号西溪乐谷创意产业 园 1 幢 E 单元会议室。 3、会议方式:现场投票和网络投票相结合。 4、召集人:甘肃上峰水泥股份有限公司(以下简称"公司")第十届董事会 5、网络投票时间: 通过深圳证券交易所交易系统进行网络投票的时间为:2024年10月9日的交 易时间,即9:15-9:25,9:30-11:30和13:00-15:00。 通过互联网投票系统(http://wltp.cninfo.com.cn)进行网络投票的时间为: 2024年10月9日上午9:15-15:00的任意时间。 6、会议主持人:董事长俞锋先生。 通过网络 ...
上峰水泥:2024年第七次临时股东大会法律意见书
2024-09-18 09:22
国浩律师(杭州)事务所 法律意见书 国浩律师(杭州)事务所 关 于 甘肃上峰水泥股份有限公司 2024 年第七次临时股东大会 之 法律意见书 地址:杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编:310008 Grandall Building, No.2&No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail:grandallhz@grandall.com.cn 网址/Website:http://www.grandall.com.cn 二〇二四年九月 国浩律师(杭州)事务所 法律意见书 国浩律师(杭州)事务所 关于 甘肃上峰水泥股份有限公司 2024 年第七次临时股东大会的 法律意见书 致:甘肃上峰水泥股份有限公司 国浩律师(杭州)事务所(以下简称"本所")接受甘肃上峰水泥股份有限 公司(以下简称"公司")的委托,指派律师出席贵公司 2024 年第七 ...