In the first half of the year, Conch Cement realized an operating income of 45.566 billion yuan, a year-on-year decrease of 30.44%, and a net profit of 3.326 billion yuan, a year-on-year decrease of 48.56%;
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.
CEMPI
115.47
-0.25 -0.22%
CONCPI
113.17
0 0%
CLKPI
116.97
+0.19 +0.16%
SPPI
47.80
-0.13 -0.27%
MORPI
84.00
-0.15 -0.18%
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.
