On January 25, China Shanshui Cement Group Co., Ltd. issued a profit warning.
On January 25, China Shanshui Cement Group Co., Ltd. issued a profit warning. According to the
announcement, the Group expects that the net loss attributable to the equity holders of the Company for the year ending 31 December 2023 will not be less than approximately RMB850 million, mainly due to the significant drop in the sales price of cement. For the year ended 31 December 2022, net profit attributable to equity holders of the Company amounted to approximately RMB748.7 million.
CEMPI
133.85
+0.08 +0.06%
CONCPI
112.35
-0.15 -0.13%
CLKPI
141.95
+0.38 +0.27%
SPPI
50.58
-0.05 -0.10%
MORPI
80.53
+0.10 +0.12%
Recently, the overall domestic demand has declined steadily, coupled with the weakening of local cost support, and the price of concrete has been stable and small. From November 14 to November 20, the national concrete price index closed at 112.35 points, down 0.13% annually and 10.08% year-on-year.
