China Resources Cement Holds 2022 Annual Performance Conference and Media Meeting

2023-03-22 13:43:11

As of December 31, 2022, the total assets of the company were HK $80.61 billion, the net assets per share were HK $7.05, and the dividend payout ratio was 46.5%.

On

17 March, China Resources Cement Holdings Limited (stock code: 1313) announced its 2022 annual results. During the year, the consolidated turnover of the Company decreased by 26.7% year-on-year to HK $32.22 billion, the profit attributable to owners of the Company decreased by 75.1% year-on-year to HK $1.94 billion, and the basic earnings per share was HK $0.277.

As of December 31, 2022, the total assets of the company were HK $80.61 billion, the net assets per share were HK $7.05, and the dividend payout ratio was 46.5%.

From the

perspective of business, during the year, the external sales volume of cement, clinker and concrete was approximately 72.11 million tons, 2.929 million tons and 10.805 million cubic meters, respectively. The capacity utilization rates of cement, clinker and concrete production lines were 81.6%, 90.5% and 29.3%, respectively. The average selling price of cement and clinker was HK $359 per tonne and the average selling price of concrete was HK $491 per cubic metre. & nbsp

; ▲ Performance release conference

On March 20, China Resources Cement held the 2022 annual performance release conference. Ji Youhong, Chairman of the Board of Directors and President of China Resources Cement, and Tan Ying, Chief Financial Officer, attended the meeting at the China Resources Building in Hong Kong.

The conference attracted more than 30 analysts and fund managers from domestic and foreign financial institutions such as Capital Group, Morgan Stanley, Goldman Sachs, Citigroup, Macquarie, Credit Suisse, CICC, CITIC Securities and Xingzheng International. Leaders at the meeting introduced the company's annual performance, and had in-depth exchanges with investors on major issues such as industry development, market outlook, competition and cooperation pattern, cost control, new business development, ESG and new valuation system of state-owned enterprises.

▲ Communication

between Chairman Ji Youhong and Analysts Ms. Tan Ying said at the meeting that in the face of the declining prosperity of the industry and the shortage of funds, China Resources Cement continued to deepen working capital management, effectively control operational risks, adopt prudent financial resources management policies, and control borrowing and capital expenditure at a healthy level. In his concluding remarks, Chairman

Ji Youhong emphasized that

China Resources Cement will continue to deepen its three capabilities of "regional market leadership, innovation-driven development and the lowest system cost"; Develop the four business segments of basic building materials, structural building materials, functional building materials and new materials, focus on the management theme of "systematic remodeling and high-quality development", and carry out mid-term strategic review; practice the development mode of "resources, research and development, industry", focus on the "4 + 1" business portfolio, optimize the allocation of resources, make precise and effective investments, and accelerate the transformation to intellectualization, digitalization and greening.

At the same time, we will continue to improve operational efficiency and quality, deepen brand promotion and channel construction, fulfill corporate social responsibility, actively promote carbon peak and carbon neutralization, and promote green and sustainable development of the industry. According to the national "14th Five-Year Plan", the 2035 long-term goal outline and the regional development strategy, we have confidence in the medium and long-term demand of the building materials industry. In the future, it will continue to optimize the layout of the industrial chain, expand strategic areas, accelerate the pace of transformation and innovation, and inject lasting impetus into the high-quality development of enterprises. The media meeting after the

performance meeting was attended by 9 media including Phoenix Satellite TV, Hong Kong Radio and South China Morning Post.

▲ Online live broadcast of Fortune Securities APP At the media meeting

, the management introduced the operation and development direction of CR Cement, as well as the outstanding performance of the company in safety production, green environmental protection, R & D and innovation. The conference was also broadcast live to individual investors in the mainland and Hong Kong through the live broadcast platform of Fortune Securities. The media and investors generally responded positively to the company's outlook, and Phoenix Satellite TV's "Focus News" gave a positive report at 18:00 that evening.

As of March 21, 14 investment banks have released research reports, among which Macquarie raised the target price of China Resources Cement from HK $3.9 in December 2022 to HK $5.6, an increase of 43.6%.

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Correlation

As of December 31, 2022, the total assets of the company were HK $80.61 billion, the net assets per share were HK $7.05, and the dividend payout ratio was 46.5%.

2023-03-22 13:43:11

According to the introduction, Sichuan Qingshan Cement Building Materials Co., Ltd. was established on June 11, 2010 and renamed as Sichuan Qingshan New Materials Co., Ltd. on April 10, 2015. The nature (type) of the company is a limited liability company, with its domicile in the railway station gathering industrial park of Pengxi County, Suining City, Sichuan Province, with a total area of 58666. There are two cement production lines (pulverizers) with an annual output of 600,000 tons, both of which can be used normally.