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

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

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.

2024-08-28 15:45:02

CEMPI

102.6

+0.11 +0.11%

CONCPI

91.08

-0.27 -0.30%

CLKPI

109.25

0.00 0.00%

SPPI

45.12

0.00 0.00%

MORPI

74.84

0.00 0.00%

Cement Net Report: $712 million! Japan Pacific Cement Acquires American Concrete Mixing Plant

Pacific Cement announced on the 28th that it would acquire assets such as California Ready-Mixed Concrete Plant from Vulcan Company of the United States for $712 million (about 100 billion yen), the largest acquisition in its history. It is planned to be completed in December 2025, with sales of about $520 million in fiscal year 2024. After the acquisition, there will be 110 ready-mixed concrete factories in the United States, which can be expanded to northern California. Demand for infrastructure and housing in the United States is booming, while the domestic cement market in Japan is shrinking, so the company takes this opportunity to improve its profitability in the U.S. market, and says the acquisition has nothing to do with Trump's visit to Japan.