4.9 Cement Morning Post: Sino-US Tariff War Escalates, Is Cement Industry Good? The net profit of Conch Cement in the first quarter is expected to increase by 20%; cement prices in many places in Hunan are adjusted back.

2025-04-09 07:01:30

What is happening in the cement industry?

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2. Conch Cement: The net profit attributable to the parent company in the first quarter is expected to be 1.808 billion yuan, an increase of about 20%

over the same period last year. Conch Cement announced that the net profit attributable to the parent company in the first quarter of 2025 is expected to be about 1.808 billion yuan, an increase of about 20% over the same period last year. The expected increase in results was mainly due to the decrease in product costs and the increase in sales volume. The combined effect of the decrease in costs and the increase in sales volume promoted the growth of the Company's profit, reflecting the positive results achieved by the Company in production and operation management and market expansion, which is of positive significance to its future development.

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The Board considers that the above expected increase in profit is mainly due to the increase in the selling price of the Group's cement products and the decrease in the cost of sales during this period as compared to the corresponding period in 2024.