It is understood that the main sales market area of the company's commercial concrete is the main urban area of Chongqing. In the first half of this year, although the company achieved double growth in commercial concrete sales and operating income through mergers and reorganizations, its gross profit margin declined year-on-year due to many factors. In addition, the company's risks in the collection of accounts receivable and the redemption of notes receivable have increased, and the company expects credit impairment losses to increase.
During the reporting period, the company successively acquired controlling stakes in two concrete companies, Xinke New Materials and Qingyihui, and basically completed the layout of commercial concrete production bases in the main urban area of Chongqing and surrounding areas. It will have 4 commercial concrete production bases and 20 full-scale concrete production lines. The closed automated concrete production lines are located in the four directions of southeast, northwest and northwest of Chongqing. The annual designed production capacity of commercial concrete is approximately 15.5 million cubic meters, achieving full coverage of the main urban area of Chongqing. In addition, the company's two mortar production lines have an annual designed production capacity of 1.2 million cubic meters. The net cash flow generated by
's operating activities was -111 million yuan, compared with -63.8669 million yuan in the same period last year, a year-on-year decrease of 73.21%. This was mainly due to the addition of three subsidiaries, and the increase in cash for purchasing goods and accepting labor services.
The number of shareholders in Sifang New Materials' semi-annual report was 27,488, and the number of shareholders in the first quarter report was 28,028.
Upstream News Reporter Liu Yong Intern Fu Dong
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