"Cement Mao" conch cement stock losses continue to expand.
According to the periodic report, the trading financial assets of Conch Cement in 2017 and 2018 are 22.8336 million yuan. However, in 2019, the data in this column was changed to 258 million yuan. In 2020, it dropped to 101 million yuan. In the
annual report of 2021, Conch Cement disclosed the details of investment in equity instruments of trading financial assets. By the end of 2021, Conch Cement held 14.3858 million shares of Shangfeng Cement and 162 million shares of Yatai Group. The total investment cost of the two is 753 million yuan, the total balance at the end of the year is 817 million yuan, and the fair value change profit and loss in that year is 63.6677 million yuan.
Source: Announcement
In 2022, in addition to holding Shangfeng Cement and Yatai Group, Conch Cement added Tianshan Shares. The total investment cost of the three stocks was 1.699 billion yuan, but the balance at the end of the year was 1.171 billion yuan, and the conceptual fair value change profit and loss was -592 million yuan.
Source: Announcement
In the first half of 2023, Conch Cement also made a detailed disclosure in the semi-annual report. By the end of June 2023, the ending balance of Conch Cement further decreased to 1.074 billion yuan, and the current fair value change profit and loss was-964 million yuan.
From the performance of the second half of the year, the main theme of Shangfeng Cement, Yatai Group and Tianshan Stock is "falling". Among them, the cumulative decline of Shangfeng Cement from July 3, 2023 to December 29, 2023 is 11.72%; the cumulative decline of Yatai Group from July 3, 2023 to December 29, 2023 is 7.58%; the cumulative decline of Tianshan Stock from July 3, 2023 to December 29, 2023 is 17.94%. If Conch Cement's holdings do not change much, its securities investment gains and losses will be more difficult to see by the end of 2023. According to the arrangement, Conch Cement will disclose its annual report for 2023 on March 20, 2024.
