Building decoration industry (analysis of 2022 sem♣i annual report)

Today, we will review the core financial characteristics of CSCEC's₩ 2022 semi annual report in the field of architectural decora←tion.

1. The main business of "housing ©construction projects" has grown significantlεy, and the market is mainl₩y in China.

2. The company's perf§ormance is stable, its business activities ©show good growth, and ₩the "open-source" performance growth quality is hi✔gh.

3. Although the book profit of  CSCEC's business activi"ties has not brought the inflow of real go™ld and silver to the enterprises, ×there is a continuous capital gap in its business activities.£ Changes in receivables and payables led to a large number of advances, which‌ is the main reason for the gap in China's construction business activitie s.

4. The company's businβess activities do not have the ability to gener↕ate blood, and there is a capital gap in investment activities, so it needs to' rely on financing activities to supple≥ment funds.

5. The financing means are€ mainly debt inflow. The company continuπes to have new loans, and the scale of new l↕oans increases rapidly. Th‍e survival and development of the company still rely on loans.

6. The gross profit margin was basically ↔stable, the profitability of op∑erating activities and the turnover rate of operatin↑g assets were basically stableφ, and the overall perfor'mance of CSCEC's return on operating assets was stable.

7. The return on total assets and the ability •of shareholders' equit♣y to leverage assets remained stable, and CSCEC's ROE performance was s♥table.

8. China's construction financial debt level is stable, and long-term de♥bt repayment pressure is high.

9. The scale of assets was basically stable, asset allocation✔ focused on business, and the source of funds was supportedε by "blood transfusion".