Though price rise in coal and electric power padded up costs, the average selling price of Huaxin Cement grew CNY16.55/t from a year earlier, and thus the gross profit margin inched up. According to its annual results, the earnings per share in 2007 hit CNY0.88, leaping around 90%.
Holchin, who is the controlling shareholder of Huaxin Cement with a near 40% stake, not only brought fund to the Chinese company, but also helped in management, technology, human resource, training and financial issues.
Holchin is a wholly owned subsidiary of Holcim Ltd.
