In the first half of the year, the utilization rate of clinker production capacity of China Resources Building Materials Technology reached 75.6%.

2024-08-26 10:12:41

On 16 August, China Resources Building Material Technology Holdings Limited (stock code: 1313.HK) announced its interim results for 2024. In the first half of 2024, the consolidated turnover of the Company decreased by 13.9% year-on-year to RMB10.31 billion, the profit attributable to owners of the Company decreased by 70.2% year-on-year to RMB170 million, and the basic earnings per share was RMB0.024. As of June 30, 2024, the total assets of the company were 72.61 billion yuan, the net asset value per share was 6.33 yuan, and the interim dividend rate exceeded 70%.

On

16 August, China Resources Building Material Technology Holdings Limited (stock code: 1313.HK) announced its interim results for 2024. In the first half of 2024, the consolidated turnover of the Company decreased by 13.9% year-on-year to RMB10.31 billion, the profit attributable to owners of the Company decreased by 70.2% year-on-year to RMB170 million, and the basic earnings per share was RMB0.024.

As of June 30, 2024, the total assets of the company were 72.61 billion yuan, the net asset value per share was 6.33 yuan, and the interim dividend rate exceeded 70%.

From the perspective of business, during the period, the external sales volume of cement, clinker , concrete and aggregate was approximately 27.687 million tons, 1.276 million tons, 5.057 million cubic meters and 29.497 million tons, respectively. The capacity utilization rates of cement, clinker and concrete production lines were 64.2%, 75.6% and 27.1%, respectively. The average selling price of cement and clinker was RMB238 per ton; the average selling price of concrete was RMB344 per cubic meter.

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This article is selected from Song Zhiping's book "Reform Heart Road", which describes his motivation and effect of restructuring cement in those years, and has been published by China Cement Network. Recently, there has been a call for restructuring and mergers and acquisitions in the cement industry. Reviewing this old article may have the effect of reviewing the old and learning the new, encouraging the industry to promote a new round of restructuring, and solving the persistent problems of the industry.