Cement Net Exclusive: First Half Results Release! Conch cement market share to increase!

2024-08-28 15:45:02

On the evening of August 27, Conch Cement disclosed its semi-annual report that 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, and basic earnings per share of 0.63 yuan. From the data point of view, in the first half of 2024, the market share of conch cement has been further improved.

On the evening of August

27, Conch Cement disclosed its semi-annual report that the company realized business income of 45.566 billion yuan in the first half of the year, down 30.44% from the same period last year; Net profit was RMB3.326 billion, representing a year-on-year decrease of 48.56% ; basic earnings per share was RMB0.63. During the

reporting period, the net sales volume of cement and clinker of the Group was 128 million tonnes, representing a year-on-year decrease of 4.94%. The sales volume of cement and clinker of the Group was 126 million tonnes, representing a year-on-year decrease of 3.35%.

China Cement Net has specially collated the following data:

Figure: Market share of

Conch Cement in 2021-2024 (Note: The market share of Conch Cement is based on the whole country, and the sales volume of cement in the table has excluded the overseas part)

. In the first half of 2024, the market share of Conch Cement has been further improved.

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Correlation

This week, the concrete market in Sichuan continued the weak and stable pattern driven by cost, with the exception of infrastructure projects in the Chengdu-Chongqing economic circle, most cities were underemployed. At present, the concrete market in Chongqing is in a weak state. This phenomenon is mainly due to the dual impact of low raw material prices and poor market demand.