Gelonghui, March 15, 丨 Shanshui Cement (00691.HK) announced that operating income for 2023 was approximately RMB 18.116 billion, a decrease of 15.7% compared to 2022; loss attributable to shareholders of the company in 2023 was approximately RMB 884 million, while profit attributable to shareholders in 2022 was approximately RMB 755 million (restated); basic loss per share of RMB 0.20 yuan (2022: basic profit per share).
In 2023, the Group is committed to refining internal infrastructure management to improve the quality of existing production and operation and financial resources and liquidity management capabilities. As of December 31, 2023, the Group's cement production capacity was 95.53 million tons, clinker production capacity was 50.12 million tons, and commercial concrete production capacity was 18.1 million cubic meters. The annual loss was mainly due to the sharp decline in gross profit due to the decline in cement prices greater than the reduction in unit production costs.