The production line has been stopped and the production capacity has been sold! Equity Transfer of a Conch Cement Company

2025-06-09 09:39:14

In addition, Kunming Conch Cement has a 2500 t/d clinker line, which has been shut down on January 9, 2024. 1000t/d production capacity is sold to Wenshan Conch and 1500t/d production capacity is sold to Yunhan Cement of Yingjiang County.

According to a property rights trading platform, Kunming Conch Cement Co., Ltd. recently issued a pre-announcement on the transfer of 80% equity and 195.03 million yuan of creditor's rights. The company is 80% owned by Conch Cement and 20% owned by Dehong Development.

According to reports, the company's operating income in 2024 was 36.8782 million yuan, and its net profit was-44.658 million yuan. The total assets are RMB 207,262,300 yuan and the total liabilities are RMB 197,935,000 yuan.

In addition, Kunming Conch Cement has a 2500 t/d clinker line, which has been shut down on January 9, 2024. 1000t/d production capacity is sold to Wenshan Conch and 1500t/d production capacity is sold to Yunhan Cement of Yingjiang County.

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Correlation

The production line has been stopped and the production capacity has been sold! Equity Transfer of a Conch Cement Company

In addition, Kunming Conch Cement has a 2500 t/d clinker line, which has been shut down on January 9, 2024. 1000t/d production capacity is sold to Wenshan Conch and 1500t/d production capacity is sold to Yunhan Cement of Yingjiang County.

2025-06-09 09:39:14

CEMPI

97.15

-1 -1.02%

CONCPI

90.13

0.00 0.00%

CLKPI

99.67

-0.71 -0.71%

SPPI

45.10

+0.10 +0.22%

MORPI

73.32

0.00 0.00%

Cement consumption in Shanghai fell by 8% in the first quarter

In the first quarter of 2026, Shanghai produced 9.12 million cubic meters of concrete, down 9% from the same period last year. The consumption of cement was 3.29 million tons, down 8% year on year, and the consumption of sand and gravel was 16.11 million tons, down 7% year on year.