China Tianrui Cement: The net profit in the first half of the year is expected to drop by about 65% over the same period last year

2023-07-29 10:13:03

China Tianrui Cement (01252. HK) announced that the profit attributable to owners of the company for the six months ended 30 June 2023 is expected to decrease by approximately 65% as compared to the profit attributable to owners of the company of approximately RMB457 million for the six months ended 30 June 2022. The decrease was mainly due to the weak demand in the cement market and the decline in cement prices as a result of macroeconomic impact.

China Tianrui Cement (01252. HK) reported a profit attributable to owners of the Company of approximately RMB457 million for the six months ended 30 June 2022. The Company expects profit attributable to owners of the Company for the six months ended 30 June 2023 to decrease by approximately 65% as compared to the same period in 2022. The decrease was mainly due to the weak demand in the cement market and the decline in cement prices as a result of macroeconomic impact.

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Correlation

China Tianrui Cement: The net profit in the first half of the year is expected to drop by about 65% over the same period last year

2023-07-29 10:13:03

CEMPI

102.51

-0.21 -0.2%

CONCPI

86.76

+0.11 +0.13%

CLKPI

106.73

+0.51 +0.48%

SPPI

42.11

+0.13 +0.31%

MORPI

71.86

+0.03 +0.04%

Removal of a 2500t/d clinker production line by China United Cement

On October 27, the Office of Industry and Information Technology of Inner Mongolia issued the Announcement on the Demolition and Withdrawal of the 3 # Clinker Production Line with a Daily Output of 2500 Tons of Ulanchabu Zhonglian Cement Co., Ltd. The 3 # clinker production line of Wulanchabu Zhonglian Cement Co., Ltd. has dismantled the core process facilities such as the cone of the decomposition furnace, the tertiary air duct, the high temperature fan, the tail coal scale and the tail coal conveying system equipment, and the waste heat boiler pipeline at the kiln head, and has fulfilled the procedures for the change of the production permit and the pollutant discharge permit, so it no longer has the conditions to resume the production of cement clinker.