< Market Overview & gt;
1. Cement prices in Nanjing, Huai'an and other places in Jiangsu continue to decline (click on the title to view the full text)
. Since the 24th, some major manufacturers in Nanjing, Zhenjiang and Huai'an have continued to notify the reduction of cement prices by 15-20 yuan/ton. In addition, it is reported that some enterprises in Jiangsu have begun to notify the increase of clinker price by 20 yuan/ton today, and it is expected that the market will be stable and strong in the later period. 2
, some enterprises in Anhui along the Yangtze River have taken the lead in notifying to raise the price of clinker by about 20 yuan/ton, and the regional leading enterprises are expected to follow up a few days later.
3. Cement prices in Ma'anshan area of Anhui continued to decline
. Since the 24th, some manufacturers in Ma'anshan area continued to notify the reduction of cement prices by about 20 yuan/ton. In addition, in recent years, the transaction prices of some enterprises in Chuzhou, Fuyang, Huainan and other northern areas still declined slightly by about 10-20 yuan/ton.
<; Today's Focus >;
significantly. In the first half of 2023, Shangfeng Cement achieved an operating income of 3.209 billion yuan, a decrease of 9.49% over the same period last year, and a net profit attributable to the parent company of 531 million yuan, a decrease of 24.89% over the same period last year. Gross profit margin was 29.79%, representing a decrease of 8 percentage points as compared with the corresponding period of last year. The company's sales of cement clinker increased, but the prices of cement, clinker and aggregate declined significantly, coupled with the increase in overall operating costs, resulting in a reduction in profits in the first half of the year.
2. Senior personnel changes of BBMG Group!
On August 24, Jinyu Group announced the appointment of Mr. Gu Yu as general manager and Mr. Kong Qinghui as deputy general manager of the company. At the same time, Mr. Kong Qinghui ceased to be the assistant to the general manager of the Company. In the same period, Jinyu Group announced that Mr. Jiang Changlu resigned as deputy general manager of the company due to job changes.
3. [Comments on Zhongbao] Tianrui Cement: Shrinking market demand and downward
performance pressure In the first half of 2023, Tianrui Cement realized operating income of 3.999 billion yuan, down 24.85% from the same period last year, and the net profit attributable to shareholders of listed companies was 151 million yuan. The return on equity was 0.91%, down 1.88 percentage points from the same period last year. In the first half of this year, affected by the decline in the overall prosperity of the cement industry, the volume and price of Tianrui Cement's main business fell, and the decline in revenue was more obvious. At the same time, as the cost reduction is less than selling price, the comprehensive gross profit rate of Tianrui Cement has further declined, coupled with the high proportion of expenses during the period, the total profit has been substantially withdrawn.
Comprehensive review: In the first half of 2023, Evergreen achieved an operating income of 4.106 billion yuan, a year-on-year decrease of 29.74%, and a net profit attributable to the parent company of 267 million yuan, a year-on-year decrease of 45.76%. In the first half of the year, the Company significantly contracted its trading business, resulting in a decline in operating income. Despite the Company's efforts to expand the sales volume of main products such as cement, the decline in demand and the fierce market competition led to a sharp drop in cement prices and a significant decline in the Company's profits.
浙公网安备33010802003254号