Hainan Ruize New Building Material Co.Ltd(002596) : loss of 1.141 billion yuan in 2021

Hainan Ruize New Building Material Co.Ltd(002596) 3 announced the annual report of 2021. During the reporting period, the company achieved a total operating income of 2.778 billion yuan, a year-on-year decrease of 4.32%; The net loss attributable to the shareholders of the listed company was 1.141 billion yuan.

The announcement shows that in 2021, due to the repeated epidemic, the rising prices of raw materials such as cement and gravel, and the poor performance of the real estate industry, the commercial concrete industry has a shortage of funds and a long collection cycle. In the short term, the increasing capital pressure of the industry makes the operation of the industry more difficult. In the long run, with the steady implementation of major strategic regional plans such as the construction of xiong’an new area, the Great Bay area of Guangdong, Hong Kong and Macao and Hainan free trade port, the market demand for commercial concrete and other building materials is gradually increasing. At the same time, livelihood projects such as affordable housing, education investment and ecological environment investment can also stimulate the demand for commercial concrete, resulting in an overall upward trend in market demand and product prices. In addition, at present, the Hainan provincial government is promoting the leapfrog development of prefabricated buildings in an all-round way, and lists the application of prefabricated buildings as the four landmark projects of Hainan’s ecological civilization construction. In order to adapt to the development trend of modern architecture, the company is also actively promoting the development of prefabricated construction industry. At present, the company’s prefabricated construction production line has been installed.

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