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

94.99

+0.18 +0.19%

CONCPI

86.60

0.00 0.00%

CLKPI

97.95

+0.04 +0.04%

SPPI

40.93

-0.14 -0.34%

MORPI

71.83

-0.02 -0.03%

BBMG Jidong: a performance presentation was held on September 16 to respond to capacity integration and new material layout

Jinyu Jidong held a performance presentation on September 16, responding to the issue of capacity integration in the northern cement market, saying that serious overcapacity is an industry problem, the state has introduced more stringent capacity replacement management measures, the industry downturn is a favorable opportu nity for investment in mergers and acquisitions, the company adheres to the strategic direction of development, and actively seeks high-quality M & a targets and opportunities. At the same time, the company said that it would continue to expand the product matrix of new materials, consolidate the foundation of the industrialization of green building materials, and carry out market value management as required.