[Video] China Resources Cement: Expected Loss of HK $35-45 Million in the First Quarter Turned from Profit to Loss over the Same Period Last Year

2023-04-11 17:41:48

China Resources Cement expects to achieve a loss attributable to owners of the company of about HK $35 million to HK $45 million in the first quarter of 2023.

On April 11, China Resources Cement Holdings announced that for the three months ending March 30, 2023, the Group expects to achieve a loss attributable to owners of the company of about HK $35 million to HK $45 million in the first quarter of 2023. This was mainly due to the decrease in the selling price of the Group's products during the period as compared to the same period in 2022 and the one-off gain on disposal of a subsidiary of HK $239.1 million in the first quarter of 2022.

In order to further promote the green, digital and intelligent development of the cement industry, China Cement Network will be launched on April 24-25, 2023. The " China Cement Industry Green Development Summit Forum and Ultra-clean Emission Technology Exchange Conference " and the " Fourth China Cement Intelligent Summit Forum " were held in Changsha, Hunan Province, inviting industry experts, cement and related enterprises. Jointly promote the high-quality development of the cement industry! After the meeting, we will visit Sinoma Zhuzhou Cement Co., Ltd. and the first set of international "one-box SCR denitrification project of dust and nitrate".

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China Resources Cement expects to achieve a loss attributable to owners of the company of about HK $35 million to HK $45 million in the first quarter of 2023.

2023-04-11 17:41:48

On January 15, 2021, Fujian Provincial Department of Industry and Information Technology announced the capacity replacement plan of Fujian Cement Co., Ltd. for the construction project of cement clinker production line with a daily output of 4500 tons, which was not organized and implemented for some reasons. Now the enterprise applies for the change of the announcement.