Asia Cement (China): Profit attributable to equity holders is expected to decrease by about 75% year-on-year in 2023

2024-01-22 10:18:27

Asia Cement (China) announced that the Group's unaudited profit attributable to equity holders in 2023 is expected to decrease by approximately 75% as compared with the same period in 2022, mainly due to the decrease in the selling price of the Group's products during this period.

Asia Cement (China) announced that the Group's unaudited profit attributable to equity holders in 2023 is expected to decrease by approximately 75% as compared with the same period in 2022, mainly due to the decrease in the selling price of the Group's products during this period. According to the data of

China Cement Network, in 2022, Asia Cement (China) realized 9.614 billion yuan in operating income and 420 million yuan in net profit attributable to the parent company.

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Recently, the local weather conditions in China are not good, the recovery of market demand is insufficient, the price of concrete is mainly stable, and the local pressure is falling. From September 12 to September 18, the national concrete price index closed at 112.93 points, down 0.21% annually and 10.83% year-on-year.