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

93.35

+1.13 +1.23%

CONCPI

86.60

-0.31 -0.36%

CLKPI

96.13

-0.47 -0.49%

SPPI

40.93

-0.14 -0.34%

MORPI

71.83

-0.02 -0.03%

Establishment of Energy Management Standard for Cement Intelligent Manufacturing

In September, the Ministry of Industry and Information Technology announced the supporting standard project plan of "Guidelines for the Construction of Intelligent Manufacturing Standard System in Building Materials Industry (2026 Edition)", and JC/T 3134-2026 "Technical Specification for Energy Management System of Cement Intelligent Factory" was formally approved. The standard will unify the data acquisition, analysis and optimization interface of energy management system in cement enterprises, and provide a technical base for digital energy saving and carbon reduction in the industry.