Cement News tagged under: China Resources Cement

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China Resources Cement sees 7% fall in net profit in 1H19

12 August 2019, Published under Cement News

China Resources Cement has reported a 6.5 per cent YoY drop in net profit to HKD3.77bn (US$480.8m) for the first six months of 2019, against HKD4.03bn in the corresponding period of last year. The company has attributed the results to falling sales of cement, clinker and concrete amid a slowing Chinese economy. Revenue declined six per cent to HKD17.41bn in the 1H19. The company has noted that it will continue to seek partnerships with domestic and overseas companies, according to a state...

China Resources Cement plans share sale

12 June 2018, Published under Cement News

China Resources Cement Holdings Ltd has announced that it plans to sell HKD4.19bn (US$533.98m) of new shares to its controlling shareholder, CRH Ltd, to raise capital for business development, repay debt and for working capital. CRH will the buy the new shares following its sale of the same amount of existing shares at the same price to third-party investors. The shareholding of CRH and its associates in China Resources Cement will fall to 68.7 per cent from 73.5 per cent upon completion o...

China Resources Holding forecasts significant increase in 1Q18 earnings

12 March 2018, Published under Cement News

China Resources Cement Holdings (CRCH) said it expects a "significant increase" in group net profit for the first quarter ending on 31 March 2018, after it more than doubled its profit last year. Average selling prices of the company's cement products were about 33 per cent higher over the first two months of 2018 from a year earlier, the company said in a stock exchange filing. CRCH's group net profit jumped to HKD3.62bn (US$462m) in 2017, rising about 173 per cent from the year-ago perio...

China Resources Cement 9M profit up 216%

23 October 2017, Published under Cement News

China Resources Cement reported a 215.9 per cent rise in profit attributable to owners for the 9M17 to HKD2648.6m (US$ 339.4m) . Turnover increased 16.4 per cent to HKD20,344.9m in the first nine months. The consolidated gross profit saw a 36 per cent YoY advance to HKD6023.6m. The consolidated gross margin was 29.6 per cent, representing a rise of 4.3 percentage points over 25.3 per cent reported in 9M16. The increases in consolidated gross profit and gross margin were mainly attri...

China Resources Cement sees substantial rise in 1H attributable profit

07 August 2017, Published under Cement News

China Resources Cement said its profit attributable to owners for the six months ended 30 June 2017 surged to HKD1639.8m, translating into an increase of over 500 per cent from the comparative period of the previous year. JPMorgan, in its report, considered that the substantial rise was mainly attributed to higher product prices and exchange gain. Turnover amounted to HKD13,188.4m, an increase of 16.6 per cent from a year earlier. Gross profit grew 44.4 per cent YoY to HK$3895.6m. ...

China Resources Cement expects significant increase in 1H attributable profit

16 May 2017, Published under Cement News

China Resources Cement said it expects he Group's profit attributable to the owners for the six months ended 30 June 2017 to significantly increase as compared with that of the corresponding period in 2016. The expected growth was primarily attributable to the higher selling prices of cement products during the period, ET Net News Agency reports. The average selling price of the group's cement products was HKD291.40 (US$37.40) from January to April 2017, as compared with HKD229.70 for th...

Co-processing MSW at Hongshuihe Cement Co

22 March 2017, Published under Cement News

In its first application in China, an FLSmidth HDR63-315 HOTDISC ® combustion device is integrated in the 3800tpd calciner kiln of Hongshuihe Cement to handle municipal solid waste (MSW) with a high moisture content and low calorific value. By Zhou Lun, FLSmidth Beijing Ltd, China. Figure 1: the FLSmidth HOTDISC combustion device To safely and completely dispose of virtually unclassified municipal solid waste (MSW), China Resources Cement subsidiary Hongshuihe Cement Co Ltd bui...

China: order and growth

06 March 2017, Published under Cement News

Following a drop in apparent cement consumption in 2015, China’s cement industry has been destocking ever since. As a result, the country’s cement market has started 2017 on a positive note with cement inventories reported to be decreasing. This resilience is supported by improved producer discipline, increased cooperation between top players and robust government investment in infrastructure and housing. By Addison Dai, DBS Vickers, Hong Kong. China’s cement plants, such as Heidelber...

China Resources Cement and BBMG sign strategic co-operation agreement

20 December 2016, Published under Cement News

China Resources Cement said it has entered into a strategic co-operation agreement with BBMG Corporation. The parties will jointly explore the Chinese and overseas markets and further promote the advancement of the technology as well as the transformation and upgrade of the cement industry. Both companies will establish a market communications mechanism to strengthen the sharing of market information and experience in production, technology and business management on a regular basis, w...

China Resources Jan-Sep net profit declines 35%

21 October 2016, Published under Cement News

China Resources Cement reported a 35 per cent fall in net profit for the first nine months of 2016 as weaker revenues impacted profits of the Hong Kong-listed cement producer. Net profit in Jan-Sep declined to HKD838.3m (US$108m) from HKD1.28bn in 9M15. Revenues saw a 12 per cent drop to HKD17.48bn. For the three months ended September, the company posted a net profit of HKD580.8m, considerably improving on last year’s third-quarter net loss of HKD248m.