Net profit of 10.43 billion yuan! Conch Cement Releases 2023 Performance Report

2024-03-19 20:59:12

On March 19, Conch Cement released its performance report for 2023. Conch Cement (600585.) Announced the 2023 annual report, operating income of 140.999 billion yuan, an increase of 6.80%, net profit of 10.43 billion yuan, a decrease of 32.4%, deducting non-net profit of 9.966 billion yuan, a decrease of 33.72%, basic earnings per share of 1.97 yuan. A cash dividend of RMB0.96 per share will be distributed.

On March 19, Conch Cement released its performance report for 2023. Conch Cement (600585.) Announced 2023 annual report, operating income of 140.999 billion yuan, an increase of 6.80%, net profit of 10.43 billion yuan, a decrease of 32.4%, net profit of 9.966 billion yuan, a decrease of 33.72%, basic earnings per share of 1.97 yuan. A cash dividend of RMB0.96 per share will be distributed. During the

reporting period, the Group continued to optimize and improve the domestic and international market layout, steadily promoted the international development strategy, actively extended the upstream and downstream industrial chain, accelerated the development of new energy, intelligent logistics, energy conservation and environmental protection, digital industry and other emerging industries, and steadily implemented the development strategy.

On March 28-29, China Cement Network will hold the "13th China Cement Industry Summit and TOP100 Award Ceremony" in Hangzhou, during which awards will be given to top 100 cement and supplier enterprises, and experts and scholars will be invited. China Railway and other construction units jointly discuss the new development trend of the cement industry in the future, and work together to create the future!

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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.