According to Zhitong Finance App, Conch New Materials (000619.SZ) released its 2023 annual report. During the reporting period, the company achieved revenue of 5.796 billion yuan, an increase of 5.62% over the previous year. The net loss attributable to shareholders of listed companies was 18.5897 million yuan, a year-on-year decrease of 79.84%. Net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss was 44.3084 million yuan, a year-on-year decrease of 63.56%. The basic loss per share was 0.0516 yuan.
During the reporting period, the company strengthened profits and efficiency in new industries. Revenue from new industries such as aluminum, SCR denitrification catalysts, doors and windows maintained rapid growth, and the profit contribution of new industries further increased; actively responded to the severe and complex market environment, strengthened supply and marketing linkages, continuously optimized the “PVC+ processing fee” pricing model to improve product profitability and stability; comprehensively deepened cost reduction and efficiency, refined the key cost control goals, and promoted the year-on-year decline in key costs of major products, and the level of refined management continued to improve.