Recently, Asia Cement (China) (00743) released its annual results announcement for the year ended December 31, 2023, during which the group achieved a revenue of 7.427 billion yuan (RMB, the same below), a decrease of 22.75% over the same period last year, and a profit attributable to shareholders of 106 million yuan, a decrease of 74.75% over the same period last year; Basic earnings per share of RMB0.068; Proposed final dividend of 4.1 cents per share.
Asia Cement expects that the demand for cement will decline slightly in 2024, and the cement market will fluctuate at a low level.
Considering the economic situation, market demand, industry supply and other factors, Asia Cement plans to sell 26.59 million tons of cement products (cement and clinker ) in 2024, basically maintaining the level of 2023.
The announcement shows that in 2024, Asia Cement will continue to adhere to the management strategy of high efficiency, high quality, high service and high environmental protection, increase customer service and enhance customer experience, on the other hand, give full play to the advantages of the group's comprehensive storage and transportation, continue to promote cost reduction and efficiency enhancement, and strive to reduce production links on the premise of guaranteeing quality. At the same time, with a more efficient and professional business team system, we will fully participate in the increasingly fierce market competition, maintain the core market share, and create greater value for the country, society, shareholders and employees. How should the
cement industry get out of the predicament and face the new cycle? On March 28-29, China Cement Network will hold the " 13th China Cement Industry Summit and TOP100 Award Ceremony " in Hangzhou, during which awards will be given to top 100 cement and supplier enterprises, and experts and scholars will be invited. China Railway and other construction units jointly discuss the new development trend of the cement industry in the future, and work together to create the future!
