A few days ago, Dongwu Cement released its annual performance announcement as of December 31, 2024, which showed that the group's revenue was 224 million Hong Kong dollars, a decrease of 27.2% over the same period last year; the loss attributable to shareholders was 58.63 million Hong Kong dollars, an increase of 60.52% over the same period last year; Loss per share was HK $0.106.
In particular, the cement segment recorded a revenue of approximately HK $184,782,000, representing a decrease of approximately HK $81,347,000 or 30.6% as compared to approximately HK $266,129,000 for the same period in 2023. The decrease was mainly due to the decrease in cement price caused by the intensified market competition during the reporting period, as well as the downward demand caused by the deep adjustment of the downstream real estate industry and the pressure of raw material cost caused by the high cost of raw materials in the upstream. According to
the announcement, in 2025, the cement sector of the Group will continue to improve internal management, efficiently control and reduce costs, deepen the adjustment of market strategies, enhance exchanges among peer enterprises, deepen cooperation, and seek the breakthrough road of "anti-involution" and improve profitability through fine customer service and deep exploration of customer needs; We will continue to carry out safety maintenance and upgrade iteration of existing facilities, increase production efficiency, ensure safe production, and uphold environmental protection, green and clean factories.
浙公网安备33010802003254号