Xinyi Glass issued a profit warning for the first half of the year
Recently, Xinyi Glass issued a profit warning for the first half of the year, and the company's net profit for the first half of the year is expected to decrease by 35% to 45%, that is, from HK $3.305 billion to HK $2.148 billion to HK $1.818 billion.
The main factor is that the demand for glass in the construction market is under pressure and the sales price is declining. As well as that overall average cost of energy and raw material.
Xinyi Glass issued a profit warning for the first half of the year
2023-06-25 10:42:34
CEMPI
102.82
0 0%
CONCPI
91.76
-0.57 -0.62%
CLKPI
106.49
0.00 0.00%
SPPI
45.01
+0.13 +0.29%
MORPI
74.84
-0.32 -0.43%
The Inventory Statistics of Cement and Clinker shows the inventory of cement and clinker in the whole country and regions on September 19. The national storage of clinker was 58.52%, representing a year-on-year decrease of 6.30 percentage points and a month-on-month decrease of 0.28 percentage points; the national storage of cement was 60.43%, representing a year-on-year decrease of 2.99 percentage points and a month-on-month increase of 0.36 percentage points. Clinker in East China has a significant year-on-year change of -20.83 percentage points, while that in North China has a small month-on-month change of 0. The month-on-month change of cement in Northeast China is more prominent, which is 5.00 percentage points; the month-on-month change of cement in East China is small, which is 0.
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