Recently, the 100% equity of China Resources Cement (Fuzhou) Co., Ltd. was successfully sold, with a transfer base price of 173.36 million yuan and a transaction price of 195.36 million yuan.
China Resources Cement (Fuzhou) is located in Songmen Section, Min'an Village, Tingjiang Town, Mawei District, Fuzhou City, Fujian Province, with one 20,000-ton general berth and one 5,000-ton unloading berth. China Cement Network learned from a person familiar with the situation that the transferee of the auction is Fujian Junhang Trading Co., Ltd., which has been renting the wharf.
"China Resources Cement's move is mainly to clear assets." An industry insider commented.
Not only Huarun Cement (Fuzhou), but also many Huarun Cement companies have been sold this year. In July
this year, according to a property rights trading platform, 100% of the shares of China Resources Cement (Yangjiang) Co., Ltd. were transferred at a base price of 345 million yuan. The enterprise is mainly engaged in the storage and sale of clinker and cement, and there is no clinker production line.
In addition, China Resources Cement (Wuzhishan) Co., Ltd. transfers 100% equity, and the transferor is China Resources Cement Investment Co., Ltd. The company is located in Maoyang Town, Wuzhishan City, Hainan Province, and has a 3.2 × 13m cement grinding belt fine crushing roller crusher (2 × 45 kw) production line with a design capacity of 600,000 tons/year. In December
this year, according to a property rights trading platform, some assets of Hunan Liangtian Cement Co., Ltd. (2500 tons per day clinker production line asset package) were successfully sold for 24.3 million yuan. The 1 # clinker production line has been running continuously for 17 years since 2006, with backward equipment configuration and high energy consumption. It has stopped production at the end of 2022 and has been idle until the base date of evaluation. Wharf
without clinker production line, grinding station with only grinding capacity, 2500t/d production line with backward configuration.. The enterprises cleared by China Resources Cement are indeed less competitive in the current market, as well as non-main assets, which is similar to the above industry insiders. The "body-shaping" action
of Huarun Cement is also a "microcosm" of the complex situation of the cement industry in the whole country, especially in Guangdong and Guangxi. Since this year, the cement market in Guangdong and Guangxi has declined sharply, and price wars have occurred frequently, which has greatly affected the development of enterprises in the region. The announcement of
China Resources Cement shows that the turnover in the first three quarters of 2023 was HK $17.8927 billion, down 26.1% year-on-year; the net profit attributable to the owners of the company was HK $710.2 million, down 61.2% year-on-year.
Under the realistic conditions of cement business downturn, China Resources Cement is also constantly seeking new breakthroughs. A few days ago, the 20th anniversary celebration meeting of China Resources Cement and the company's renaming ceremony were successfully held. Jing Shiqing, president of China Resources Building Materials Technology, said that what we are doing now is not only "cement", but also basic building materials such as concrete aggregates, sand and gravel, as well as artificial stones that have begun to take shape in recent years. In addition, there are ceramic tile glue, environmental protection plates and so on. From the cement company to the field of building materials, this is the reason why the company name uses the word "building materials".
From this point of view, it will become more and more common for China Resources Building Materials to speed up the liquidation of non-main assets with poor competitiveness and continuously increase the proportion of artificial stone and environmental protection plate business.
浙公网安备33010802003254号