[Video] Net profit of 196 million yuan! 17% decrease in revenue Asia Cement (China) announces interim results

9 August, Asia Cement (China) Holdings released its unaudited interim results announcement for the six months ended 30 June 2023. According to the announcement, Asia Cement's revenue in the first half of this year decreased by 17% to about 4.11 billion yuan (2022: about 4.95 billion yuan). Profit attributable to owners of the Company was approximately 196 million yuan (2022: approximately 310 million yuan). The decrease in profit attributable to owners of the

Company was mainly due to the decrease in selling price of the Company's products. It is expected that with the release of demand in the second half of the year, the Group will be able to maintain smooth sales channels.

In order to actively respond to the national environmental protection policy and implement the concept of green and low-carbon development, China Cement Network will hold the "2023 Cement'Double Carbon 'Conference and the 10th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference" in Zhengzhou, Henan Province, from September 12 to 13, 2023. The cement industry is moving towards a low-carbon, more energy-saving and greener high-quality development.

At the same time, the medal ceremony of "2023 Advanced Enterprises of Double Carbon in Cement Industry" and the "Double Carbon" Equipment Exhibition will be held. After the meeting, we will also organize a visit to Jiyuan Zhonglian Cement Co., Ltd. "The world's first production line of carbon sequestration auxiliary cementitious materials and low-carbon cement from flue gas CO2 of steel slag capture cement kiln".