Cement News tagged under: Anhui Conch
Conch full-year net profit rises 48.3%26 March 2014, Published under Cement NewsAnhui Conch Cement Co reported a 48.3 per cent YoY increase in profit attributable to shareholders during 2013 to CNY9.38bn (US$1.5bn) from CNY6.33bn a year ago. Turnover increased 20.75 per cent to CNY55.26bn from CNY45.77bn in 2012. In accordance with PRC Accounting Standards, the group’s revenue amounted to CNY55.3bn, a YoY increase of 20.28 per cent. Sales by region Clinker and cement sales amounted to 228Mt, representing growth of 21.95 per cent YoY. Sales volumes in East and Cent... |
Conch expects strong rise in 2013 profit15 January 2014, Published under Cement NewsAnhui Conch, the leading cement producer in China by market value, said it expects a 50 per cent rise in net profit attributable to shareholders for 2013. In 2012, the company posted a net profit of CNY6.31bn (US$1.043bn) with basic earnings per share of CNY1.19. According to a statement filed with the Shanghai Stock Exchange, the company said the improved performance in 2013 was due to steady growth in consumption and a reduction in new capacity coming onto the market. Over the ... |
Anhui Conch and Asia Cement sign strategic partnership deal08 January 2014, Published under Cement NewsAnhui Conch and Taiwan producer Asia Cement have signed a strategic partnership to explore overseas markets and share expertise in environmentally-friendly technologies. The two companies are yet to divulge the details of their planned co-operation. However, it is understood they will explore opportunities in sharing green technologies, management expertise, market and product expansion and cost control. They will also tap possibilities for Anhui Conch to enter the Taiwan market and joi... |
Anhui Conch20 December 2013, Published under Cement NewsChina’s stocks rose to their highest level since October earlier this month led by materials including cement. Anhui Conch posted a 3.4 per cent rise to CNY18.47 in the first week of December as cement prices in many parts of China continued to climb. China’s cement prices rose 0.8 per cent week-on-week at the end of November, followed by a 0.5 per cent rise in the opening week of this month, marking the eight consecutive week of increase. In Zhejiang, Anhui, Jiangsu, Hubei and Guangdong pri... |
Anhui Conch Cement Co02 December 2013, Published under Cement NewsAnhui Conch has reported a 14.76 per cent rise in revenue in 9M13 to CNY37.01bn (US$6.08bn), compared to the same period last year. Operating profit has also increased from CNY4.3bn to CNY6.6bn and net profit has risen almost 40 per cent to CNY5.6bn. During 3Q13 the group’s operating profit, total profit and profit attributable to equity shareholders increased by 141.6 per cent, 132.92 per cent and 128.37 per cent, respectively, compared to the same period last year. This has been mainly ... |
Anhui Conch Cement Co28 October 2013, Published under Cement NewsPingliang Conch Cement, a subsidiary of Anhui Conch Cement Co Ltd, has been awarded special funds of CNY3m (US$492,802) in recognition of its energy saving achievements. The award made by the Environmental Protection Bureau of Gansu Province marks the company’s successful use of denitration and denitrification technology to meet national, provincial and municipal energy conservation standards. During 2013 the company has invested in a number of energy saving technology innovations. By Aug... |
JP Morgan lifts stake in Anhui Conch25 October 2013, Published under Cement NewsJPMorgan Chase & Co purchased 2.05 million shares (a 0.16 per cent stake) in Anhui Conch Cement Co Ltd on 17 October, increasing the stake to 12.12 per cent, according to the Hong Kong Stock Exchange. After the purchase, JPMorgan bought the shares HK$26.95/ share and for a total of HK$ 55.25m (US$7.13m). |
JPMorgan sells stake in Anhui Conch, China06 August 2013, Published under Cement NewsJPMorgan Chase & Co sold 3.89 million H-shares (translating to a 0.3 per cent stake) in Anhui Conch Cement Co Ltd on 29 July 2013, decreasing the stake to 10.91 per cent, according to the Hong Kong Stock Exchange. JPMorgan sold the stake at HKD22.95/share and for a total of HKD89.28m (US$11.5m). . |
Anhui Conch02 July 2013, Published under Cement NewsFurther details have been released on the US$17bn dam project involving Anhui Conch and the state-owned China Power Investment Corporation. The dams, which are being built in Indonesia’s North Kalimantan province on the island of Borneo, are part of a hydropower plant project designed to generate 7000MW of electricity by 2015. Work is due to begin in January 2014, subject to a feasibility study and environmental assessment impact study. In the first week of June, JPMorgan Chase & Co sold ... |
JPMorgan sells 2.65m shares in Conch Cement06 June 2013, Published under Cement NewsJPMorgan Chase & Co sold 2.65 million shares in Anhui Conch Cement Co Ltd for a total of HKD70.2m (US$9m), according to the Hong Kong Stock Exchange. After the sales, JPMorgan still holds 218.54 million shares (a 16.82 per cent stake) in the Hong Kong-listed cement producer, China Business Newswire reports. The sale was completed on 29 May 2013. |