16, China Resources Building Materials Technology released its interim results for 2024. In the first half of the year, the company achieved operating income of 10.312 billion yuan, down 13.9% year-on-year; the company's owner's share of profit (net profit attributable to the parent company) was 166 million yuan, down 70.2% year-on-year. During the period, the sales volume of cement, clinker , concrete and aggregate of the Company was 27.687 million tons, 1.276 million tons, 5.057 million cubic meters and 29.497 million tons respectively, representing a decrease of 2.9%, an increase of 24.7%, an increase of 33% and an increase of 107.3% respectively as compared with the same period last year.
It is worth noting that in 2024, the sales volume of Huarun Building Material Technology Cement decreased by 2.9% compared with the same period last year, and the sales volume of clinker increased by 24.7%. Cement output
in the first half of the year was 85047 million tons, compared with 953 million tons in the same period last year, a decrease of 103 million tons or 10.76%. Sales of China Resources Building Materials Cement fell by only 2.9%, which has outperformed the market. Not to mention the sales volume of clinker, which rose against the trend, increased by 24.7%.
In the downturn of the industry as a whole, Huarun Building Materials Technology has made such brilliant achievements, which may be related to the core market strategy of "grabbing share, keeping the bottom line, optimizing the structure and improving the status" set at the beginning of this year. In February
this year, China Resources Building Materials Science and Technology held a "good start, good start" working meeting in Guangzhou in 2024. Jing Shiqing, president of the company, pointed out that in 2024, China Resources Building Materials Science and Technology should strive to catch up and win the championship, enter the game with a fighting posture, win the "five battles" and effectively implement the "five guarantees":
to regain the cost advantage with the "full value chain cost reduction" as the starting point; With the market strategy of "seizing the share, keeping the bottom line, optimizing the structure and improving the status" as the core, we will enhance the status of the industry; with the "new material strategic planning" as the blueprint, we will break through the transformation; with the "concept, ability and style improvement" as the cornerstone, we will reshape the organizational ability; with the promotion of stability, we will promote high-quality development, strive to catch up and win the market, and ensure the completion of all tasks and objectives in 2024.
It is understood that the clinker production capacity of China Resources Building Materials Technology is mainly distributed in Guangxi, Guangdong and Fujian. By the end of 2023, the annual clinker production capacity of China Resources Building Materials Technology in Guangdong, Guangxi and Fujian has reached 52.452 million tons, accounting for about 80% of the company's total clinker production capacity.
