The change in performance was mainly due to the year-on-year decrease in sales volume and selling price of the Group's cement business products, resulting in a year-on-year decrease in operating income and profit.
Conch Cement announced on April 26 that the company achieved operating income of 21.328 billion yuan in the first quarter, down 32.08% year-on-year; net profit of 1.502 billion yuan, down 41.14% year-on-year; basic earnings per share of 0.28 yuan. The
change in performance was mainly due to the year-on-year decrease in sales volume and selling price of the Group's cement business products, resulting in a year-on-year decrease in operating income and profit.
CEMPI
118.64
+0.08 +0.07%
CONCPI
100.27
-1.80 -1.76%
CLKPI
124.47
-0.17 -0.14%
SPPI
48.28
-0.10 -0.21%
MORPI
78.47
-1.08 -1.36%
The agreement is effective from January 1, 2025 and lasts for three years until December 31, 2027. According to the agreement, CNBM will provide comprehensive cement kiln co-processing services and related support services to the Company. As CNBM holds a 50% equity interest in Haijian Hong Kong, a subsidiary of the Company, the renewed transaction constitutes a continuing connected transaction of the Company.
