Huaxin Cement's net profit in the first quarter was 177 million, down 28.43% year on year.

On April 28, Huaxin Cement Co., Ltd. released the first quarter report of 2024. The

report shows that the operating income of Huaxin Cement in the first quarter of 2024 is 7.084 billion yuan, an increase of 6.87% over the previous year; the net profit is 292 million yuan, an increase of 3.28% over the previous year; the net profit attributable to shareholders of listed companies is 177 million yuan, a decrease of 28.43% over the previous year. Basic earnings per share was 0.09 yuan, down 25% year on year.

According to China Cement Network, as of December 31, 2023, the clinker production capacity of Huaxin Cement Co., Ltd. was 64.077 million tons, mainly distributed in Hubei, Hunan, Guangdong, Henan, Yunnan, Sichuan, Chongqing, Guizhou and Tibet. In 2023, the sales volume of cement was 46.18 million tons, an increase of 6.05% over the previous year.

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