Recently, China Building Materials Co., Ltd., Tianshan Mountain, Qilian Mountain, Ningxia Building Materials Co., Ltd., China Resources Cement Co., Ltd., Fujian Cement Co ., Ltd. and Tapai Group have issued performance forecasts for the first half of 2023, among which the net profit of Tapai Group has increased year on year, Fujian Cement has lost money, and the other five have decreased year on year.
CNBM
announced that the Group's unaudited profit attributable to equity holders for the six months ended 30 June 2023 is expected to decrease by about 80% as compared with the same period in 2022. The
announcement said that the expected decline was mainly due to the decline in sales prices of cement, commercial concrete and glass fibers, the decline in sales of cement and commercial concrete, the decline in the performance of associated companies, and the decrease in asset disposal gains, but partly due to the decline in sales costs of cement and commercial concrete. And offset by the decrease in fair value loss on the Group's financial assets recognised at fair value through profit or loss.
Tianshan shares
Tianshan shares announced the 2023 semi-annual performance forecast, the net profit attributable to shareholders of listed companies during the reporting period was 100 million yuan to 150 million yuan, down 97.13% to 95.69% from the same period last year; Net profit loss after deduction of non-recurring profit and loss was RMB400 million – RMB500 million, compared to a profit of RMB2,962,566,500 for the same period last year; basic earnings per share was RMB0.0115 – RMB0.0173 per share. During the
reporting period, the market demand was weak, resulting in the sales volume and price of cement clinker and commercial concrete, the main products of the company, decreased to varying degrees year on year. Affected by the year-on-year decrease in the prices of major raw materials such as coal, the cost of cement clinker and commercial concrete decreased year-on-year.
Qilian
Mountain issued a performance forecast on the evening of July 12, predicting that the net profit attributable to shareholders of listed companies will be about 222 million yuan to 242 million yuan in the first half of 2023, which is expected to decrease by 260 million yuan to 280 million yuan compared with the same period last year. Decreased by 51.76% ~ 55.74% over the same period.
During the reporting period, compared with the same period of last year, the main reason for the change in performance is: during the reporting period, the price of cement, the main product of the company, declined significantly year-on-year. Although the cost of cement decreased year-on-year due to the year-on-year decline in the prices of major raw materials such as coal, it was not enough to offset the impact of the decline in commodity prices on performance.
Ningxia Building Materials
announced in the evening of July 12 that the company's net profit for the first half of 2023 is expected to be 115 million yuan to 173 million yuan, a decrease of 55% to 70% compared with the same period last year.
In the first half of the year, the price of the company's main products declined year-on-year, and the unit cost declined, but failed to compensate for the adverse impact of the price decline, resulting in a year-on-year decline in the company's performance.
China Resources Cement
Holdings announced on the Hong Kong Stock Exchange on July 11 that the group expects its earnings attributable to owners to decrease by 63% to 68% in the first half of 2023 compared with the same period last year.
During the period, the selling price of the Group's products decreased as compared with the same period of 2022; the sales volume of the Group's products decreased as compared with the same period of 2022; and a one-off gain of approximately HK $239 million was recorded from the disposal of a subsidiary in the same period of 2022. According to
other data, in the first half of 2022, the turnover of China Resources Cement was about HK $16.1165 billion, the gross profit was HK $3.303 billion, and the profit attributable to the owners of the company was HK $1.8045 billion.
Fujian Cement
Fujian Cement issued a performance pre-loss announcement for the first half of 2023. The company expects to achieve a net loss of about 133 million yuan attributable to the owner of the parent company in the first half of 2023, with a year-on-year loss expansion; It is estimated that the net loss attributable to the owner of the parent company after deducting non-recurring gains and losses will be about 135 million yuan in the first half of 2023, and the loss will expand year-on-year. The main reason for the estimated loss in the results for the
period: affected by the continuous weak market demand, the cement price continued to decline. During the reporting period, the average selling price of cement of the Company decreased by 7.86% year-on-year, and the sales volume decreased by 7.40% year-on-year, resulting in a loss in the operating results for the period.
Data show that the net profit attributable to shareholders of listed companies in Fujian Cement in the first half of 2022 is-88.422 million yuan.
Tapai Group
Tapai Group issued a performance forecast on the evening of July 12, with a net profit of 454 million yuan to 507 million yuan in the first half of the year, an increase of 160% to 190% over the same period last year. During the
reporting period, benefiting from the decline in coal prices, the Company's cement manufacturing costs decreased as compared to the same period last year, and the profitability of the main cement business improved as compared to the same period last year.
The Company's securities investment realized floating profit, and it is expected that the non-recurring profit and loss during the reporting period will be approximately RMB96 million, representing a significant increase of approximately RMB127 million as compared to the same period last year.
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