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

CEMPI

133.08

+0.03 +0.02%

CONCPI

112.47

+0.35 +0.31%

CLKPI

139.58

+0.95 +0.69%

SPPI

50.39

+0.10 +0.20%

MORPI

80.43

+0.04 +0.05%

Cement Net Weekly Report: Concrete Cost Side Continues to Bear Pressure, Market Price Rises Steadily (11.4-11.8)

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.