According to the Zhitong Finance App, Beijing Construction (00925) announced the results for the year ended December 31, 2023. The group obtained revenue of RMB 1,468 billion (same unit), an increase of 30.41% over the previous year; losses attributable to the company's shareholders amounted to 901 million yuan, an increase of 1170% over the previous year; and a loss of 12.93 points per share.

2023 is the beginning of Beijing's construction to promote high-quality development of the entire industry chain from upstream trade to downstream consumption in the supply chain. A series of national policies related to the food supply chain business were introduced one after another. Previously, the 2023 government work report listed “focusing on expanding domestic demand” as the first priority task of the year, giving priority to recovering and expanding consumption; later, the NDRC's “Measures on Restoring and Expanding Consumption” specifically mentioned the need to expand service consumption in the catering industry. In summary, as an important partner in the catering industry, the food supply chain will become the entire consumer market in the future An important pillar.

The Group uses heavy assets already invested to carry out asset-light operations. Supply chain services reuse asset-heavy infrastructure such as room temperature storage, cold storage, wholesale markets, and internet trading platforms to carry out asset-light operations, select high-value categories - frozen meat, give full play to the advantages of professional source procurement, and thoroughly lay out leading downstream downstream customers in the supply chain to serve leading vegetable factories, restaurant chains, supermarket communities and e-commerce. At the same time, we will give full play to the resource collaboration advantages of the Group's various companies, open up the supply chain source to downstream terminals, and build a “trinity” characteristic supply chain service with supply chain services+warehousing and logistics infrastructure and industrial park operation+data driven. Through supply chain services, upstream and downstream customers are introduced, and the Group's existing infrastructure such as cold storage and logistics parks is transformed to provide customers with customized warehousing and logistics services along the supply chain, thereby improving the utilization rate of facilities, reducing operating costs, while controlling key risk control points such as warehousing, logistics, and customs clearance in the industrial chain, gradually improving profit levels, and providing customers with financial support, thus attracting more customers and businesses through the above value services, forming a “three-wheel drive” business growth model.

In addition, we carry out special connections with local cities for supply chain service operations, and carry out cold chain cooperation for imported food based on free trade zones, industrial parks, and logistics parks to promote the in-depth layout and high-quality development of the supply chain in the national industrial chain. An asset-light, low-risk, and strong cash flow S2B2C (source supplier - dealer - terminal) food supply chain platform will be built within three to five years.