. China Resources Building Materials Technology released its interim results for 2024 in Hong Kong on August 19. Chairman Ji Youhong pointed out that the cement industry needs to promote industrial transformation and upgrading, and major enterprises are striving for benign competition and cooperation, with the goal of achieving industry symbiosis and win-win situation. The core task of the company in 2024 is to improve the efficiency of cost management, market value management will focus on value creation, risk control and return to investors, and will strengthen communication with the capital market.
2. Cement website video: Tianshan shares: a net loss of 3.414 billion yuan
in the first half of the year Tianshan shares released its semi-annual report for 2024. The company's operating income in the first half of the year was 39.699 billion yuan, a decrease of 25.72% compared with the same period last year, and a net loss of 3.414 billion yuan. Performance turned from profit to loss. The main reason is that the demand for cement has dropped sharply due to the reduction of real estate investment and the shortage of capital construction funds. Although lower coal prices helped to reduce costs, a more significant reduction in cement prices led to a decline in gross profit margin, which affected overall results.
. Conch Cement announced its financial report for the first half of the year, with operating income and net profit decreasing by 30.44% and 48.56% respectively. It is mainly affected by the adjustment of the real estate market, insufficient infrastructure projects and continuous rainfall. Weak demand for cement and fierce market competition have led to a decline in prices. The sales volume of cement and clinker decreased and the gross profit margin also decreased.
4, Tianshan shares first half results release! Which subsidiary performed best?
Tianshan shares released the semi-annual report of 2024, the company's operating income of 39.699 billion yuan, a decrease of 25.72% over the same period last year, a net loss of 3.414 billion yuan, basic earnings per share of -0.394 yuan. Among the major subsidiaries and important shareholding companies, the net profit of China United Cement Group Co., Ltd. turned from loss to profit in the first half of 2024, showing the most outstanding performance.
5. Asia Cement (China): Privatization Fails
Asia Cement (China) and its holding company, Asia Cement Corporation, announced that the original proposed privatization plan by way of arrangement has not been approved by the court, so the plan has lapsed and will not be implemented. Accordingly, the listing status of Asia Cement (China) on the Hong Kong Stock Exchange will remain unchanged and there will be no closure of the register of members of the Company in respect of the rights of the shareholders of the Scheme.
. Inner Mongolia Industry and Information Technology Department announced that the cement grinding production lines of Shetai Cement, Sangu Cement and Dongshan Cement are no longer restricted. By adding new pre-grinding systems and upgrading the power of the main motor, these three enterprises have increased their annual production capacity from 400000 tons, 440000 tons and 520000 tons to 600000 tons, 600000 tons and 620000 tons respectively, meeting the latest guidance catalogue for industrial restructuring and the approved net capacity.
7, 8.27 Cement Evening News: Housing Pension Pilot Response; Strong Rebound
in Construction Sector National pilot housing pension system, involving housing regular physical examination, safety insurance, etc., 22 cities including Shanghai have carried out pilot. This has boosted the rise of housing testing concept stocks, and many listed companies have actively participated in and demonstrated their technical strength. The stock price of the construction sector rose due to the promotion of relevant reforms by the Ministry of Housing and Construction. Stocks such as Jianke Stock and State Inspection Group rose and stopped continuously. Dongwu Securities recommended to pay attention to stocks in related fields.
8. Wannianqing: Semi-annual Financial Report
for 2024 Jiangxi Wannianqing Cement Co., Ltd. released the semi-annual financial report for 2024. The financial data is as of June 30, 2024, and the unit is yuan. The report shows that the company's semi-annual financial report is unaudited. At the end of the period, the total current assets were 6,752,490,460.53 yuan, the total non-current assets were 9,414,045,096.49 yuan, and the total assets were 16,166,535,557.02 yuan. Total current liabilities are RMB 3,190,542,305.59, total non-current liabilities are RMB 2,698,529,892.08, and total liabilities are RMB 5,889,072,197.67.
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