According to Zhitong Finance App, Jinyu Group (02009) announced the results for the year ended December 31, 2023. The group achieved operating income of 107.956 billion yuan (RMB, same below) during the period, an increase of 4.99%; net profit to mother of 25.262,800 yuan, a year-on-year decrease of 97.92%; basic earnings per share of 0.002 yuan; and proposed to pay a final dividend of 0.025 yuan per share.

According to the announcement, the main business revenue of the new green building materials sector was about 78.954 billion yuan during the reporting period, an increase of about 0.9% over the previous year, and the gross profit amount of the main business of the new green building materials sector was about 6.978 billion yuan, a decrease of about 30.5% over the previous year. During the reporting period, the comprehensive sales volume of cement and clinker was about 93.24 million tons (excluding the company's joint ventures), an increase of about 7.3% over the previous year. Among them, cement sales were about 86.33 million tons, clinker sales were about 6.91 million tons; the comprehensive gross margin of cement and clinker was about 8.9%, a year-on-year decrease of about 11.1 percentage points. The concrete business sold about 13.87 million cubic meters, an increase of about 16.4% over the previous year, and the gross margin of concrete was about 12.8%, an increase of about 4.8 percentage points over the previous year.

The group's new green building materials sector stabilizes the market and accelerates the extension and strengthening of the chain. The cement business adheres to fine management, strengthens cost reduction and efficiency, and strives to increase market share in an effort to increase market share; during the year, mining resources were expanded by 691 million tons, and aggregate production capacity was added by 10 million tons, and the Liaoning Zhongxin Materials Group was established. The concrete business focused on managing external markets, outperforming the same industry in production capacity utilization and production and sales volume, turning losses into profits; successfully issued the first concrete accounts receivable asset securitization product on the Shanghai Stock Exchange, raising 550 million yuan. The new building materials business is committed to improving development quality and systematic cost reduction, strengthening marketing model innovation and regional market layout. New projects such as mortar, gas filling, rock wool, and paint were successfully put into operation and gradually realized benefits; strategically invested in Easyhome New Retail Group Co., Ltd. and acquired 10% of its shares, leveraging the existing advantages of both parties to integrate development.

The real estate development and operation sector is steadily improving quality. The real estate development business adheres to “seizing cash, promoting repayment, and securing payment”, effectively revitalizing its own industrial land, speeding up inventory removal, and carefully selecting land acquisition. It has successively obtained two high-quality plots in the core areas of Suzhou and Shanghai, increasing the total land reserve by about 162,000 square meters (equity area) throughout the year. The property management business innovates business strategies, office occupancy rates outperform the market average, and businesses such as industrial parks, hotels and vacations have steadily improved in quality.