Huaxin Cement: Net profit of 731 million yuan in the first half of 2024, down 38.74% year-on-year

2024-08-31 16:17:56

On August 31, Huaxin Cement (600801) disclosed its semi-annual report for 2024. In the first half of 2024, the Company realized operating income of RMB 16.237 billion, a year-on-year increase of 2.56%; net profit attributable to parent company of RMB 731 million, a year-on-year decrease of 38.74%; net profit after deduction of non-profits of RMB 680 million, a year-on-year decrease of 41.88%; net cash flow from operating activities of RMB 1.731 billion, a year-on-year decrease of 18.64%; During the reporting period, the basic earnings per share of Huaxin Cement was 0.35 yuan, and the weighted average return on equity was 2.49%.

On August 31, Huaxin Cement (600801) disclosed its semi-annual report for 2024. In the first half of 2024, the Company realized operating income of RMB 16.237 billion, a year-on-year increase of 2.56%; net profit attributable to parent company of RMB 731 million, a year-on-year decrease of 38.74%; net profit after deduction of non-profits of RMB 680 million, a year-on-year decrease of 41.88%; net cash flow from operating activities of RMB 1.731 billion, a year-on-year decrease of 18.64%; During the reporting period, the basic earnings per share of Huaxin Cement was 0.35 yuan, and the weighted average return on equity was 2.49%. In the first half of

2024, the gross profit margin of the Company was 23.65%, representing a year-on-year decrease of 0.73 percentage point; the net profit margin was 6.29%, representing a year-on-year decrease of 2.24 percentage points. From the perspective of single-quarter indicators, the gross profit rate of the Company in the second quarter of 2024 was 25.02%, representing a year-on-year decrease of 2.35 percentage points and a quarter-on-quarter increase of 3.13 percentage points; the net profit rate was 7.97%, representing a year-on-year decrease of 3.63 percentage points and a year-on-year increase of 3.85 percentage points.

All can be viewed after purchase

Correlation

Huaxin Cement: Net profit of 731 million yuan in the first half of 2024, down 38.74% year-on-year

On August 31, Huaxin Cement (600801) disclosed its semi-annual report for 2024. In the first half of 2024, the Company realized operating income of RMB 16.237 billion, a year-on-year increase of 2.56%; net profit attributable to parent company of RMB 731 million, a year-on-year decrease of 38.74%; net profit after deduction of non-profits of RMB 680 million, a year-on-year decrease of 41.88%; net cash flow from operating activities of RMB 1.731 billion, a year-on-year decrease of 18.64%; During the reporting period, the basic earnings per share of Huaxin Cement was 0.35 yuan, and the weighted average return on equity was 2.49%.

2024-08-31 16:17:56

CEMPI

105.25

-0.27 -0.26%

CONCPI

91.68

0.00 0.00%

CLKPI

111.27

-0.13 -0.12%

SPPI

45.12

-0.04 -0.09%

MORPI

74.84

0.00 0.00%

Cement Network Report: Ukraine's Cement Production Is Expected to Return to 8 Million Tons in 2025

As a result of the war, Ukraine's cement industry has fallen from its peak and is looking for exports to survive. In 2021, the output was 11 million tons, which dropped sharply to 5.4 million tons in 2022, and then slowly climbed to 8 million tons in 2025, but there is still a gap. The structure of demand has changed, infrastructure and defense projects have become big buyers in the short term, and domestic consumption has shown signs of weakness. Excess capacity is balanced by exports, and the proportion of export volume will rise to 21% in 2024. With the increase of market concentration and the monopoly of production capacity by several large kilns, CRH is expected to bring capital and enhance competitiveness to the industry if the acquisition is successful.