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

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

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

CEMPI

102.66

-0.08 -0.08%

CONCPI

92.90

-0.13 -0.14%

CLKPI

104.21

-0.16 -0.15%

SPPI

44.88

+0.05 +0.11%

MORPI

75.46

0.00 0.00%

Cement Net Comments: Shanshui Cement Revenue Continues to Decline, Profits Improve!

In the first half of 2025, Shanshui Cement realized an operating income of RMB 5.554 billion, a year-on-year decrease of 15.42%, and a net profit attributable to parent company of RMB -250 million, a year-on-year decrease of 52.84%.