China Resources Cement: The profit attributable to shareholders in 2022 is expected to decrease by about 74% to 78% year-on-year

2023-01-13 09:11:03

Profit attributable to owners of the Company for the year ending 31 December 2022 is expected to decrease by approximately 74% to 78% as compared to the year ending 31 December 2021.

On January 12, China Resources Cement Holdings announced that the profit attributable to owners of the company for the year ending December 31, 2022 is expected to decrease by about 74% to 78% compared with the year ending December 31, 2021.

This was mainly due to the increase in the unit cost of sales of the Group's cement products

in 2022 as compared with 2021 and the decrease in the sales volume of the Group's products in 2022 as compared with 2021; The average selling price of cement and clinker in the Group's operating regions in 2022 was lower than that in 2021.



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Correlation

Profit attributable to owners of the Company for the year ending 31 December 2022 is expected to decrease by approximately 74% to 78% as compared to the year ending 31 December 2021.

2023-01-13 09:11:03

On April 9-10, the 15th China Cement Industry Summit was held in Hangzhou. The Summit, hosted by China Cement Network, focuses on the core issues of high-quality development, green low-carbon transformation, intelligent upgrading and power market reform of the 15th Five-Year Plan industry, bringing together government departments, industry associations, leading enterprises, financial institutions and equipment technology manufacturers with the theme of "stock game, competition and elimination, pattern reconstruction". Jointly study and judge industry trends, solve development problems, and seek new ways of transformation.