The acquisition plan stated that the steel structure industry has characteristics such as long construction cycle and capital intensiveness, which makes listed companies face certain pressure during operations.
Especially since 2021, affected by factors such as the slowdown in the growth rate of manufacturing and infrastructure investment, the operating performance of listed companies has been under pressure, and revenue and profit levels have continued to decline.
From 2021 to JanuarySeptember , Fuhuang Steel Structure's denmark phone number list operating income was RMB 5.737 billion, RMB 4.758 billion, RMB 4.635 billion, and RMB 2.921 billion, respectively, and its attributable net profit was RMB 166 million, RMB 97.49 million, RMB 96.05 million, and RMB 67.89 million, respectively. The operating income and net profit in 2021 were both the highest since its listing, and continued to decline in the following three years.
At the same time, affected by factors such as the tightening of local government finances, Fuhuang Steel Structure's accounts receivable is relatively high . As of September 30, , Fuhuang Steel Structure's notes receivable and accounts receivable reached 3.078 billion yuan, accounting for 36.66% of current assets.