Jidong Cement reported its operational results yesterday. The company realised a net profit of RMB127.725,591.75 in 2005, with the earnings per share reaching RMB0.1327, In 2006 the company’s net profits are expected to have increased by 50%-100% over the 2005 figure.
The main reason for this change is that the company’s subsidiaries formally operated indivually, thus increasing output. The company strengthened management so as to reduce the average cost of cement cost per ton. The company also intensified marketing management and control, thus increasing average price of products year-on-year.