Financial Performance - For the three months ended March 31, 2023, the unaudited consolidated profit attributable to owners was approximately RMB 40.7 million[2]. - Revenue for the same period was RMB 1,896.8 million, a decrease of 9.4% compared to RMB 2,093.4 million in the previous year[3]. - Gross profit for the three months was RMB 173.6 million, down 42.7% from RMB 303.5 million year-on-year[3]. - The company reported a pre-tax profit of RMB 78.3 million, a decline of 63.2% from RMB 212.4 million in the same period last year[3]. - The financing costs increased to RMB 17.3 million from RMB 8.0 million year-on-year[3]. - The company does not recommend the payment of dividends for the first three months of 2023, consistent with the previous year[8]. Assets and Equity - The net cash and cash equivalents as of March 31, 2023, were RMB 8,959.1 million, an increase from RMB 7,141.4 million year-on-year[7]. - Total assets less current liabilities amounted to RMB 19,109.0 million, compared to RMB 18,951.1 million as of December 31, 2022[5]. - The company’s non-current assets decreased to RMB 9,764.2 million from RMB 9,948.9 million as of December 31, 2022[5]. - The total equity attributable to owners increased slightly to RMB 17,028.1 million from RMB 16,987.5 million[6]. Market Outlook - In Q1 2023, the national GDP reached 28,499.7 billion yuan, reflecting a year-on-year growth of 4.5%[9]. - The total cement production in China for Q1 2023 was 402 million tons, marking a 4.1% increase compared to 386 million tons in Q1 2022[10]. - The group's cement product sales volume was 6.15 million tons in Q1 2023, which is better than the same period last year[10]. - The group forecasts cement product sales to reach 13.67 million tons in the first half of 2023, despite anticipated market competition[10]. - The group maintains a cautiously optimistic outlook for the cement industry in Q2 and the second half of 2023, despite challenges such as weak demand and high costs[11]. - The real estate sector is expected to focus on "ensuring delivery" and "reducing inventory," which may suppress cement demand in the short term[11]. - Infrastructure investment is projected to remain robust, supported by the issuance of special bonds and timely financial policies, which will bolster cement demand[11]. - The overall cement demand is expected to weaken but at a narrowing rate, with potential rebounds in the second half of 2023 as key projects accelerate[12]. Strategic Plans - The group plans to continue its strategy of high efficiency, quality, service, and low cost, aiming to enhance customer experience and maintain market share[12]. - The group anticipates gradual improvement in performance throughout 2023, driven by national economic stabilization policies and reduced coal prices[12].
亚洲水泥(中国)(00743) - 2023 Q1 - 季度业绩