Dafeng Equipment (02153.HK)'s performance in fiscal year 2023 improved significantly, actively optimizing operations and management

Gelonghui Finance ·  06/29/2023 21:49

Gelonghui June 29?Dafeng equipment (02153.HK) announcedFor the year ended March 31, 2023, the loss attributable to equity holders of the company was RMB 35.8 million, a decrease of RMB 83.4 million or 175.2% compared with the year ended March 31, 2022. The decrease is mainly due to, among other things, (I) a substantial increase in exchange losses arising from foreign currency loans and other foreign exchange risks of approximately RMB37.2 million; and (ii) 2019 the outbreak of coronavirus disease and the corresponding control measures (particularly in eastern China) have caused delays and delays in some projects, thus affecting the Group's earnings and resulting in reduced earnings.

For the year ended March 31, 2023, the group's income was 770.8 million yuan, a decrease compared with the same period last year.The project was delayed and delayed mainly due to the outbreak of coronavirus disease in 2019 and the corresponding control measures, especially in eastern China. Although the company's use of total tons of rice increased from 3112084 in the year ended March 31, 2022 to 392 tons in the year ended March 31, 2023, the average monthly service price per ton of meters used by tower cranes decreased from 279.0 yuan to 241.0 yuan.At the date of the announcement, the company managed a total of 1166 tower cranes, equipped with tower cranes designed to cater to the professional EPC projects of the company's customers all over China.

Despite many challenges, the Group has actively optimized its operation and management. The Group's subsidiaries have used self-developed software "TOP" and "Aijiantong" to expand their data management to improve their management and operational efficiency. The company continues to optimize and adjust its internal procedures to further strengthen the group's business operations. At the same time, the Group is committed to pursuing high-quality projects and actively seeking business contracts for clean energy, infrastructure and public works, especially large tower crane distribution services, to enhance business and financial performance in the next financial period.

Looking to the future, the company will continue to improve and focus on the strategic goal of sustainable development under the guidance of the core values of "virtue, safety and excellence". To improve operational efficiency through a series of measures to improve data management, achieve resource sharing, reduce costs and increase efficiency, and actively explore transnational business throughout the group, and realize the group's century-old corporate vision of "being the best construction equipment service provider".

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