China Resources Building Materials Technology: Expected First Half Profit Decreased by About 65% to 75% over the Same Period Last Year

2024-07-15 10:30:56

This was mainly due to the decrease in the sales price of the Group's cement products and concrete during the period as compared with the corresponding period in 2023, resulting in a decrease in the consolidated gross profit and consolidated gross profit margin.

On the evening of July

12, China Resources Building Materials Technology issued a profit warning that the company's attributable earnings for the six months ending June 30, 2024 are expected to decrease by about 65% to 75% compared with the same period in 2023. This was mainly due to the decrease in the sales price of the Group's cement products and concrete during the period as compared with the corresponding period in 2023, resulting in a decrease in the consolidated gross profit and consolidated gross profit margin.

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Correlation

China Resources Building Materials Technology: Expected First Half Profit Decreased by About 65% to 75% over the Same Period Last Year

2024-07-15 10:30:56

CEMPI

104.46

-0.79 -0.75%

CONCPI

91.66

-0.02 -0.02%

CLKPI

110.99

-0.28 -0.25%

SPPI

45.12

-0.04 -0.09%

MORPI

74.84

0.00 0.00%

Cement network data: statistics of infrastructure investment across the country from January to August 2025

Statistics on the cumulative growth rate of infrastructure investment from January to August show the growth rate of investment in various regions. On the whole, the growth rate of each region has risen and fallen. The growth rate of national investment is on the rise. Among them, the growth rate of Ningxia has changed significantly, with a significant decline, while the growth rate of Hebei has changed relatively smoothly, with a small decline. Data are missing in some areas such as Shanxi. In addition, the growth rate in Yunnan, Gansu and other places has increased considerably, while the growth rate in Beijing, Liaoning and other places has declined significantly.