Anhui Conch - March 2019

Anhui Conch saw its revenue advance by 70.5 per cent YoY in 2018 to CNY128.4bn (US$19.1bn), in accordance with International Financial Reporting Standards. Net profit attributable to equity shareholders improved by 87.8 per cent over the same period to CNY29.9bn, while earnings per share came in at CNY5.63, also 87.8 per cent up.

Last year saw the company report sales volumes of 368Mt of cement and clinker, up by 24.8 per cent YoY. By region, sales advanced by 43.7 per cent YoY in east China and central China, 35.1 per cent in south China, and 35.4 per cent in west China. During 2018 the group increased its production capacity of clinker by 2.7Mt, cement by 4Mt and aggregates by 1.3Mt, taking its total production capacities to 252Mt, 353Mt and 38.7Mt, respectively.

According to the company, 2018 brought complex domestic and international economic challenges, along with rising raw material and fuel prices. In response, the group made bulk purchases of raw materials and fuel, optimised its resource allocation, and strengthened its control over production and operations, leading to an improvement in operation quality and substantially improved operating results.