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%. 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.