Financial Performance - Total equity decreased from RMB 193,514,087 thousand in 2023 to RMB 189,761,526 thousand in 2024, a decline of approximately 1.94%[8] - Reserves decreased from RMB 96,890,711 thousand in 2023 to RMB 90,453,635 thousand in 2024, a decline of approximately 6.64%[8] Revenue Breakdown - Revenue from external sales for the six months ended June 30, 2024, was RMB 67,229,788 thousand, with the majority coming from cement sales at RMB 29,486,704 thousand[17] - Revenue from engineering and technical services for the six months ended June 30, 2024, was RMB 16,125,785 thousand, with RMB 16,108,676 thousand recognized over time[18] - Inter-segment sales for the six months ended June 30, 2024, amounted to RMB 10,839,086 thousand, primarily driven by other segments at RMB 5,996,037 thousand[19] Geographic and Operational Focus - The company's business and assets are predominantly located in China, with over 90% of operations and assets within the country[15] - The company has seven major domestic production bases located in Tengzhou, Ningxiang, Changde, Hohhot, Nanjing, Pingxiang, and Yibin[87] Accounting Standards and Disclosures - The company applied revised International Financial Reporting Standards (IFRS) effective from January 1, 2024, including amendments to IFRS 16 and IAS 1, with no significant impact on financial performance[11] - The company introduced new disclosures related to supplier financing arrangements under IAS 7 and IFRS 7, effective from January 1, 2024, with no immediate impact on interim financial statements[12][13] Business Segments and Strategy - The company operates in five main business segments: cement, concrete, new materials, engineering and technical services, and others, with cement being the largest revenue contributor[14][15] - The company anticipates higher demand for cement products in the second half of the year compared to the first half, based on historical trends[15] - The company is expanding its overseas and non-core industry businesses, referred to as "Two Outs" expansion[88] Corporate Governance - The company's board of directors includes executive directors Zhou Yuxian, Wei Rushan, Liu Yan, and Wang Bing, as well as non-executive directors and independent non-executive directors[89]
中国建材(03323) - 2024 - 中期业绩