Conch Cement: First half net profit of 3.326 billion yuan, down 48.56% year-on-year

Conch Cement disclosed its semi-annual report on the evening of August 27. In the first half of the year, the company realized operating income of 45.566 billion yuan, down 30.44% year-on-year; net profit of 3.326 billion yuan, down 48.56% year-on-year; basic earnings per share of 0.63 yuan. In the first half of the year, the demand for cement continued to be weak and the market competition remained fierce due to the continued adjustment of the

real estate market as a whole, the insufficient start-up of infrastructure projects and the large-scale continuous rainy weather, which prompted the bottom operation of cement prices . During the

reporting period, the total net sales volume of cement and clinker of the Group was 128 million tons, representing a year-on-year decrease of 4.94%; the main business income was RMB34.051 billion, representing a year-on-year decrease of 22.12%; The operating cost was RMB26.319 billion, representing a year-on-year decrease of 17.75%. The comprehensive gross profit margin of products was 22.71%, representing a year-on-year decrease of 4.10 percentage points. The sales volume of self-produced cement clinker of the

Group was 126 million tons, representing a year-on-year decrease of 3.35%; the sales revenue of self-produced products was RMB33.579 billion, representing a year-on-year decrease of 20.82%; the sales cost of self-produced products was RMB25.853 billion, representing a year-on-year decrease of 15.76%; The comprehensive gross profit rate of products was 23.01%, down 4.62 percentage points from the same period last year. During the

reporting period, the sales volume of the Group's cement clinker trading business was 1.55 million tons, representing a year-on-year decrease of 59.38%; the revenue of the trading business was RMB471 million, representing a year-on-year decrease of 64.08%; and the cost of the trading business was RMB466 million, representing a year-on-year decrease of 64.39%.