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Public company info - YCIH Green High-Performance Concrete Company Limited- H Shares , 01847.HK
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YCIH Green High-Performance Concrete Company Limited- H Shares, 01847.HK - Company Profile
Chairman Ma Minchao
Share Issued (share) 134,000,000
Par Currency Renminbi
Par Value 1.0
Industry Construction Materials
Corporate Profile Business Summary: The group is a leading ready-mixed concrete producer in China with strong research and development capabilities. Performance for the year: Revenue was approximately RMB3,608 million, which increased by 7.5% as compared with 2018. Profit before income tax was approximately RMB244 million, which increased by 12.5% as compared with 2018. Net profit attributable to equity holders of the Company was approximately RMB204 million, which increased by 24.4% as compared with 2018. Earnings per Share was approximately RMB0.61, which increased by 17.3% as compared with 2018. Business Review The Company is a ready-mixed concrete producer located in Yunnan Province. the Group boast powerful research and development capabilities and have introduced modernized, scientific and environmentfriendly manufacturing concepts into the Group's production. In 2019, the Company was again awarded as “China’s Top Ten Ready-mixed Concrete Enterprise ( 中國預拌混凝土十強企業 )” (ranking sixth for two consecutive years). The Group has a stable customer base in Yunnan Province and has built an extensive production and sales network covering the vast majority of prefectures and cities in Yunnan Province which ensures a massive and stable supply of products. the Group's principal businesses include production and sales of ready-mixed concrete, polycarboxylic admixtures and aggregates, and provision of concrete-related quality and technology management services. In 2019, the Group recorded a revenue of RMB3,608 million, representing a year-on-year increase of 7.5%; a profit before tax of RMB244 million, representing a year-on-year increase of 12.5%; a net profit of RMB216 million, representing a year-on-year increase of 20.2%; and net profit attributable to equity holders of the Company of RMB204 million, representing a year-on-year increase of 24.4%. As at December 31, 2019, the Group had 55 concrete mixing plants and 93 production lines with an annual capacity of 22.3545 million cubic meters. The Group also had 158 concrete transport vehicles, 2 pump trucks and 277 sets of test equipment. Prospects: Industry Outlook In a complex and constantly changing international environment, China plans to promote stable growth and reform, adjust the structure, promote people’s livelihood and risk prevention. China has introduced a package of measures for steady growth and it is expected that there will continue to be stable development in its economic operation. As there continues to be stable economic growth, China will continue to build a modernized infrastructure network and optimize the housing supply structure, in hopes that investments in infrastructure construction and real estate in China will continue to grow. Looking back on 2019, China’s ready-mixed concrete industry has achieved steady growth and change, with production achieving steady growth and prices reaching high and stable levels. In the future, stable growth in investment in infrastructure construction and real estate will propel the steady development of engineering and construction industry in China and continue to support and ensure a stable growth in demand for ready-mixed concrete. Market Prospect Broad market prospects in Yunnan Province Driven by the rapid economic development in Yunnan Province, the investment in infrastructure construction and real estate fixed assets in Yunnan Province has increased rapidly. In the future, as the potential of economic development continues to be realized, the construction of “Five Networks” in Yunnan Province will continue to advance, urbanization will accelerate and maintain strong growth momentum, which will promote the rapid increase in the demand for ready-mixed concrete in Yunnan Province. Recently, Yunnan Province has made it clear that it will continue to promote the “Double Ten” major infrastructure projects. In addition, Yunnan Province plans to launch 525 key projects under the “Four Hundred” key projects in 2020. The proportion of large-scale infrastructure projects (including several expressways and railways) in these key projects will increase significantly as compared to previous years. As a concrete enterprise with leading technology and the strongest and most stable supply capacity in Yunnan Province, the Company has extensive experience in concrete supply for largescale projects. Therefore, the Group will take advantage of the opportunities to heavily participate in infrastructure construction projects in Yunnan Province so as to continuously increase market share and profitability and further consolidate the Group's leading position. Good market prospect in Southeast Asia The infrastructure construction in Southeast Asian countries such as Laos and Cambodia are relatively backward. The “Belt and Road” Initiative and the domestic needs of those countries have promoted the upgrading of their infrastructure construction. the Group will seize this important opportunity and take maximum advantage of the Group's geographical advantage in this respect. the Group plans to expand the Group's market coverage to neighboring Southeast Asian countries such as Laos, Cambodia, Malaysia and Indonesia as soon as possible. In the future, with the intensive promotion of projects such as expressways, railways, airports, etc., Southeast Asian countries will continue to increase their investments in infrastructure construction. Such infrastructure investments and real estate construction will bring about good development opportunities for the concrete industry and good market prospects for the concrete market. For the year ended December 31, 2019, the Group actively participated in the preparation for key projects of cooperation between China and Laos, such as the “Laos-China Expressway Phase II” and “Saysettha Development Zone”.

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