Yunnan Construction Investment Concrete (01847) announced the results for the year ended December 31, 2023, and the group received...
According to the Zhitong Finance App, Yunnan Construction Investment Concrete (01847) announced the results for the year ended December 31, 2023. The group obtained revenue of RMB 1,406 billion (same unit), a year-on-year decrease of 16.36%; losses attributable to company owners were RMB 34.85 million, compared with profit of RMB 27.173 million for the same period last year; loss of 0.08 yuan per share.
According to the announcement, the decline in revenue was mainly due to the contraction of the construction industry and increased competition in the concrete market, which led to a decrease of 7.1% and 8.1% in sales of the main product, ready-mixed concrete, respectively. Among them, the total sales revenue of ready-mixed concrete and related products was $1,316 million, down $226 million from the previous year.