BBMG(601992)2023-11-03 10:24Group 1: Sales Performance - In the first three quarters, the company sold 72.07 million tons of cement and clinker, representing a year-on-year increase of 7% [1] - The real estate sector achieved operating income of 10.758 billion yuan, a decrease of 37% year-on-year, with a contract signing amount of 17.7 billion yuan, down 23% [1] Group 2: Profit Margins - The gross profit margin for cement business in the first three quarters was approximately 14.51%, with a reduction in unit product cost by over 13% compared to the same period last year [2] - The overall gross profit margin for the company in the first nine months was 9.28% [1] Group 3: Future Outlook - The demand for cement in 2024 is expected to remain stable, influenced by ongoing policies for urban renewal and post-disaster reconstruction [2] - The company anticipates that the gross profit margin for real estate turnover in 2024 will be similar to this year [2] Group 4: Cost Management - The company has implemented measures such as centralized procurement of raw materials and increased material substitution rates to reduce production costs [2] - The effective tax rate for the first three quarters exceeded 25%, primarily due to the overall decline in gross margins in the building materials and real estate sectors [2]