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. Affected by real estate adjustment, insufficient infrastructure projects and rainfall, the demand for cement in the first half of the year was weak and the competition was fierce, which led to low prices.
