四川双马(000935) - 四川双马调研活动信息

Group 1: Financial Performance - In the first three quarters of 2021, the company achieved a net profit attributable to shareholders of 650 million, a decrease of 38.90% year-on-year due to non-recurring gains from the previous year [1] - The operating revenue for the same period was approximately 850 million, down 27.22% year-on-year [1] - The net profit after deducting non-recurring gains for the first three quarters was 638 million, an increase of 31.92% year-on-year [2] Group 2: Business Operations - The company’s cement prices have surged to historical highs due to factors such as energy consumption controls and rising coal prices, positively impacting the fourth quarter's performance [2] - A new aggregate production line was launched in the third quarter, increasing overall aggregate capacity to 5 million tons per year, contributing to performance improvements [2] Group 3: Investment Strategy - The company is focusing on investment business, managing two funds and targeting strong-performing funds for investment, including the Harmony Growth Phase III Fund [2] - The establishment of the Beijing Stock Exchange is expected to provide new exit channels for the company's investment projects [3] Group 4: Market Conditions - The construction materials industry has faced challenges due to environmental regulations and rising coal prices, leading to a slight decline in performance compared to the previous year [2] - The company’s investment in SEG Holding through debt-to-equity swaps is aimed at capitalizing on the growing vocational education sector [3]