Conch Cement: RMB 500 million of principal income from entrusted wealth management of RMB 54.37 million was recovered on schedule

2023-04-11 09:53:36

As of the announcement date, the company's accumulated balance of entrusted financing was 1.9 billion yuan.

On the evening of April

10, Conch Cement (00914. HK) announced that on March 31, 2021, the company used 500 million yuan of its own funds to purchase the "Anying" fixed income net value financial products of Huiyin Finance Co., Ltd. for a period of 735 days. The expected annualized yield is 5.40%. On April 7,

2023, when the entrusted financial product expired, the company fully recovered the principal of 500 million yuan of entrusted financial management, and obtained 54.37 million yuan of financial management income, reaching the expected income target.

As of the announcement date, the company's accumulated balance of entrusted financing was 1.9 billion yuan.

All can be viewed after purchase

Correlation

Conch Cement: RMB 500 million of principal income from entrusted wealth management of RMB 54.37 million was recovered on schedule

As of the announcement date, the company's accumulated balance of entrusted financing was 1.9 billion yuan.

2023-04-11 09:53:36

CEMPI

105.25

-0.27 -0.26%

CONCPI

91.68

0.00 0.00%

CLKPI

111.27

-0.13 -0.12%

SPPI

45.12

-0.04 -0.09%

MORPI

74.84

0.00 0.00%

Cement Network Report: Ukraine's Cement Production Is Expected to Return to 8 Million Tons in 2025

As a result of the war, Ukraine's cement industry has fallen from its peak and is looking for exports to survive. In 2021, the output was 11 million tons, which dropped sharply to 5.4 million tons in 2022, and then slowly climbed to 8 million tons in 2025, but there is still a gap. The structure of demand has changed, infrastructure and defense projects have become big buyers in the short term, and domestic consumption has shown signs of weakness. Excess capacity is balanced by exports, and the proportion of export volume will rise to 21% in 2024. With the increase of market concentration and the monopoly of production capacity by several large kilns, CRH is expected to bring capital and enhance competitiveness to the industry if the acquisition is successful.