Tianshan, Huaxin, Huarun, Shanshui and other cement listed companies released their performance.

2024-10-29 09:26:00

Recently, a number of cement companies have released three quarter performance reports. In the first three quarters, due to the continuous decline in cement demand and intensified competition, their performance declined in varying degrees, and some enterprises suffered serious losses.

Recently, a number of cement companies have released three quarter performance reports. In the first three quarters, due to the continuous decline in cement demand and intensified competition, their performance declined in varying degrees, and some enterprises suffered serious losses.

Tianshan shares:

In the first three quarters of 2024, the company realized operating income of 61.460 billion yuan, a year-on-year decrease of 23.55%; the net loss attributable to shareholders of listed companies was 3.748 billion yuan, a year-on-year decrease of 7471.10%.

Huaxin Cement :

In the first three quarters, the Company achieved an operating income of RMB 24.719 billion, a year-on-year increase of 2.29%; the net profit attributable to shareholders of the listed company was RMB 1.138 billion, a year-on-year decrease of 39.26%.

China Resources Building Materials Technology:

turnover for the first nine months of 2024 was approximately RMB15.775 billion, representing a year-on-year decrease of 13.1%; profit attributable to owners of the Company was RMB309 million, representing a year-on-year decrease of 51.6%.

Shanshui Cement :

For the nine months ended September 30, 2024, the operating income was RMB10.909 billion, representing a year-on-year decrease of 22.4%; the loss attributable to shareholders of the Company was RMB118 million, representing a year-on-year decrease of 37.5%.

Evergreen:

Revenue in the first three quarters of 2024 is about 4.018 billion yuan, a decrease of 32.87% over the same period last year; net profit attributable to shareholders of listed companies is about 6.98 million yuan, a decrease of 97.74% over the same period last year.

Ningxia Building Materials:

In the first three quarters, the Company achieved an operating income of RMB6.773 billion, representing a year-on-year decrease of 9.55%; the net profit attributable to shareholders of the listed company was RMB171 million, representing a year-on-year decrease of 41.41%.

Tapai Group:

In the first three quarters of 2024, the revenue was approximately RMB2.93 billion, representing a year-on-year decrease of 28.81%; the net profit attributable to shareholders of the listed company was approximately RMB381 million, representing a year-on-year decrease of 37.98%.

Fujian Cement :

In the first three quarters of 2024, the Company achieved a revenue of RMB 1.117 billion, with a year-on-year decrease of 25.26%; the net profit loss attributable to parent company was RMB 168 million, with a year-on-year decrease of 26.33%. ACC

(China):

The Group's unaudited net profit attributable to equity holders for the nine months ended 30 September 2024 is expected to be approximately RMB459 million. Profit attributable to equity holders for the nine months ended 30 September 2023 was approximately RMB116 million.

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Correlation

Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.