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.

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Correlation

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.