Cement News tagged under: Gansu Qilianshan Cement
Gansu Qilianshan Cement expects 85% rise in profit15 January 2020, Published under Cement NewsChina’s Gansu Qilianshan Cement expects to realise a net profit of around CNY1.21bn (US$174m) in 2019, an increase of approximately 85 per cent compared to CNY654.8m last year. The company has attributed the results to an increase in product sales and improved cost control after upgrading the efficiency of its production and operations. |
Gansu Qilianshan to invest Kyrgyzstan project27 May 2015, Published under Cement NewsGansu Qilianshan Cement and 8th Metallurgical Corporation signed a memo with JBK on joint construction of a cement production line project in Osh, Kyrgyzstan. The three parties plan to jointly spend US$130m building the cement production line project in southern Kyrgyzstan. The Chinese and Kyrgyzstan sides hold 80 per cent and 20 per cent of the project respectively. (Source: SinoCast Construction & Real Estate Beat) |
Gansu Qilianshan full-year profit surges13 March 2014, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd earned a net profit of CNY465m (US$75.8m) in 2013, a YoY surge of 167.77 per cent, the company announced in a statement. Meanwhile, operating revenue grew 36.83 per cent YoY to CNY5.81bn. |
Gansu Qilianshan Cement expands into Gansu province, China17 September 2013, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd plans to invest CNY265.59m (US$43.4m) to acquire a 100 per cent in Longran Runji Cement Co to expand into the Gansu province market. Runji Cement currently operates a 2500tpd dry-process line. |
Gansu Qilianshan's net profit surges, China12 August 2013, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd earned a net profit of CNY110m (US$18m) in the first half of 2013, a YoY rise of 314 per cent. The cement producer saw operating revenue advance 24.57 per cent YoY to CNY2.31bn, with basic earnings per share of CNY0.18. |
Gansu Qilianshan Cement net profit drops, China19 October 2012, Published under Cement NewsGansu Qilianshan Cement Group reported a 3.95 per cent YoY decline in third quarter net profit to CNY141m (US$22.5m). In the first three quarters, net profit fell 57.48 per cent to company reaped CNY167m net profits in the first three quarters, falling by 57.48 percent over the period last year. Operating revenues reached CNY1.352bn in the third quarter, rising by 20.28 per cent YoY. Operating in the first three quarters were CNY3.208bn, advancing14.25 per cent over the period last year. |
Gansu Qilianshan Cement issues profit warning02 July 2012, Published under Cement NewsGansu Qilianshan Cement Group expected its first-half net profit to fall at least 50 per cent YoY and follows warnings from other industry peers. According to reports in China Knowledge, the company said in a statement filed with the Shanghai Stock Exchange that the sharp decrease in net profit was due to a significant YoY decline in cement price amid weak demand. Anhui Conch has also issued a similar profit warning, expecting a 50 per cent drop in first-half profit. China Resources Ce... |
Qilianshan Cement's net profit to drop by 50% in 1H29 June 2012, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd, a Shanghai-listed cement producer, forecasted on June 27th that its net profit will decrease at least 50% on-year in the first half of 2012. |
Qilianshan Cement's rights issue plan approval, China12 April 2012, Published under Cement NewsGansu Qilianshan Cement, has received approval from China Securities Regulatory Commission (CSRC) to raise as much as CNY1.68bn via a rights issue. The company plans to issue no more than 142 million new shares to all its shareholders at a ratio of three new shares for every ten existing shares. The proceeds from the issuance will be used to repay the company's short-term commercial paper and replenish working capital. |
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