Anhui Conch Cement Company Limited(600585) 3 disclosed the annual report of 2021 on March 25. During the reporting period, the company achieved an operating revenue of 167953 billion yuan, a year-on-year decrease of 4.73%, and the net profit attributable to the parent company was 33.267 billion yuan, a year-on-year decrease of 5.38%; Deduct non net profit of RMB 31.375 billion, a year-on-year decrease of 5.41%; The net cash flow from operating activities was 33.9 billion yuan, a year-on-year decrease of 2.65%; The earnings per share is 6.28 yuan / share, and the weighted average return on net assets is 19.23%. The company’s 2021 annual distribution plan is: it plans to distribute 23.8 yuan to all shareholders for every 10 shares.
The financial report shows that Anhui Conch Cement Company Limited(600585) ‘s main business is the production and sales of cement, commodity clinker, aggregate and concrete. The company’s cement varieties mainly include 32.5-grade cement, 42.5-grade cement and 52.5-grade cement. The products are widely used in national large-scale infrastructure construction projects such as railways, highways, airports and water conservancy projects, as well as urban real estate development, cement products and rural markets. The company adopts the marketing mode of direct selling with distribution as the supplement. It has established more than 500 marketing departments in the market areas covered by China and overseas, and established a relatively perfect marketing network.
The company said that in 2021, the national cement market demand showed a trend of strong before weak after strong, and the national cement output was 2.363 billion tons, a year-on-year decrease of 1.2%. Affected by factors such as energy consumption control, power and production restriction and rising coal prices, the supply of cement industry is limited, the trend of cement price fluctuates sharply throughout the year, and the industry profit decreases by 10% year-on-year, but it still maintains a good level.
During the reporting period, through new construction and M & A, the company added 7.2 million tons of clinker, 14.25 million tons of cement, 7.5 million tons of aggregate and 10.5 million cubic meters of commercial concrete. As of the end of the reporting period, the group has a production capacity of 6.53 billion tons of photovoltaic aggregate and a production capacity of 6.53 billion tons of cement, with an installed capacity of 6.52 billion cubic meters of aggregate.
The financial report shows that the company’s main business income increased by 0.18% year-on-year; Affected by the rising costs caused by the sharp rise in raw coal prices, the company’s operating profit, total profit and net profit attributable to the parent decreased by 6.89%, 6.41% and 5.38% respectively compared with the same period last year.
In terms of sales area, Anhui Conch Cement Company Limited(600585) in the eastern, central and southern regions, although the sales volume decreased slightly, the sales amount increased by 5.60%, 6.23% and 5.42% year-on-year respectively;
In terms of costs, the total proportion of sales expenses, management expenses, R & D expenses and financial expenses in the main business income was 5.73%, an increase of 1.08 percentage points year-on-year. Among them, the administrative expenses and R & D expenses were 5.083 billion yuan and 1.317 billion yuan respectively, with a year-on-year increase of 20.53% and 103.52% respectively.
In terms of financial status, as of the end of the reporting period, the total assets of the company were 230515 billion yuan, an increase of 14.20% over the end of the previous year; Total liabilities amounted to 38.689 billion yuan, an increase of 16.40% over the end of the previous year; The asset liability ratio was 16.78%, an increase of 0.32 percentage points over the end of the previous year; The balance of inventory, construction in progress and intangible assets of the company increased by 41.33%, 54.52% and 33.04% respectively compared with the end of the previous year.
By the end of the reporting period, the shareholders’ equity attributable to the shareholders of listed companies was 183685 billion yuan, an increase of 13.27% over the end of the previous year; At the end of the period, the net assets per share attributable to the shareholders of the listed company was 34.66 yuan, an increase of 4.06 yuan / share compared with the end of the previous year; The total current assets were 123583 billion yuan, the total current liabilities were 32.669 billion yuan, and the current ratio was 3.78:1 (4.66:1 at the end of the previous year).
Caibao said that in 2021, the company actively promoted the construction and M & A of projects abroad, and achieved fruitful results in the extension of the main cement industry and upstream and downstream industrial chain: the cement clinker project in Yunfeng, Hunan was completed and put into operation, and successfully acquired cement projects such as Guangdong Hongfeng, Guizhou xinshuanglong and Yunnan Tengyue; Jiangxi Yiyang aggregate project was completed and put into operation, and mining rights of several aggregate projects were obtained through public bidding; Successful acquisition of commercial concrete projects such as Anhui guanteng group, Yingde Tongde concrete and Shengde concrete; Complete the equity acquisition of conch new energy, and add 19 photovoltaic power stations and 3 energy storage power stations; Overseas projects under construction and proposed projects are advancing in an orderly manner.
Looking forward to 2022, the company said that facing many challenges and pressures such as downward demand, high cost and energy consumption control, it is expected that the supply-demand relationship of the industry may maintain a relative balance in 2022.
In 2022, the company plans to spend 23.5 billion yuan of capital expenditure, mainly from its own funds, which will be mainly used for project construction, energy conservation and environmental protection technological transformation, M & A projects and equity investment.
