Cement News tagged under: China Tianrui Group Cement
China Tianrui Group Cement posts 2021 profit of CNY1.2bn24 March 2022, Published under Cement NewsChina Tianrui Group Cement Co Ltd has reported a profit attributable of CNY1.2bn (US$188.4m) in 2021 when compared with CNY1.86bn in 2020. The company’s revenues increased to CNY12.72bn in 2021, up from CNY12.17bn in 2020, according to Reuters. |
China Tianrui Group Cement expects 30% drop in 2015 profit18 February 2016, Published under Cement NewsChinese cement manufacturer China Tianrui Group Cement Co said Thursday it expects its 2015 net profit to drop more than 30 per cent from a year earlier. The decline is attributed to weaker domestic cement demand and lower selling prices. The company, which didn't specify its expected net profit for the year, posted a net profit of CNY564.9m (US$86.6m) in 2014. The 2015 financial results will be released by the end of March, the company said. |
China Tianrui increases stake in China Shanshui Cement07 May 2015, Published under Cement NewsChina Tianrui Group Cement last month increased its stake in China Shanshui Cement to 28.16 per cent, more than Shanshui founder Zhang Caikui. Fitch Ratings deemed the move a change of control. It also downgraded Shanshui to BB-, three levels below investment grade, citing weak cement prices. "The Chinese authorities' approach to the sector is clear - they want consolidation," said Kalai Pillay, a senior director at Fitch Ratings in Singapore. In the case of Tianrui's part acquisition of... |
Tianrui Cement's net profit falls 38.5% YoY06 March 2013, Published under Cement NewsChina Tianrui Group Cement announced that the company saw net profit reach CNY783m (125.9m) in 2012, a YoY decline of 38.5 per cent. The Henan Province-based clinker and cement producer said its operating revenue fell 8.1 per cent YoY to CNY7.59bn, with basic earnings per share of CNY0.33 |
S&P rates China Tianrui senior unsecured notes 'B'08 October 2012, Published under Cement NewsStandard & Poor's Ratings Services today assigned its 'B' issue rating to a proposed issue of U.S. dollar-denominated senior unsecured notesby China Tianrui Group Cement Co. Ltd. (B+/Stable/; cnBB/). The agency also assigned its 'cnBB-' Greater China regional scale rating to the proposednotes. The proposed issue is rated one notch lower than the corporate credit rating on Tianrui because of priority liabilities at its operating company in China. S&P said the proposed issuance does n... |
China Tianrui Group to issue CNY500m notes10 September 2012, Published under Cement NewsChina Tianrui Group Cement Co has said it will issue CNY500m (US$78.9m) worth of medium-term notes with a maturity of three years in the interbank market on 17 September. The company, a leading clinker and cement producer in Henan and Liaoning provinces, said in a statement that the notes will be issued at face value, and the coupon rate determined in the process of book-building. Both value and payment due date is set on 18 September 18, and the to-be-issued notes tradable 19 September. A... |
China Tianrui sees 1H net profit down 30%05 July 2012, Published under Cement NewsChina Tianrui Group Cement said it expects net profit to be down around 30 per cent for the first half of 2012 compared to the same period of last year. The company said that since the second quarter of 2012, there has been a rebound in market demand for cement products in Central China and Liaoning province and the sales volume and selling prices of cement products of the company has generally increased and remained relatively stable as compared to the prior quarter, but were still lower... |
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