On October 31, Asia Cement (China) released its unaudited results for the nine months ended September 30, 2024. During the period, the Group achieved revenue of 4.119 billion yuan (RMB, the same below), a decrease of 27.94% compared with the same period last year; The loss attributable to shareholders was 459 million yuan, while the profit attributable to shareholders was 116 million yuan in the same period last year.
Looking forward to the fourth quarter, the demand for cement will pick up to a certain extent, and the contradiction between supply and demand of cement will be alleviated in stages with the support of increasing peak staggering efforts in various regions. It is expected that the results of cement price increase in the third quarter will be maintained until the end of the year, and the benefits of cement enterprises are expected to usher in marginal improvement.
Under such circumstances, the Group will, on one hand, continue to adhere to the operating strategies of high efficiency, high quality, good service and high environmental protection, and continue to improve customer service experience, and on the other hand, insist on doing something to fully participate in the market competition by taking advantage of the Group's comprehensive storage and transportation advantages, so as to maintain the Group's core market share. At the same time, we should do a good job of customer maintenance and supply guarantee during the peak construction period of key projects.
