Cement News tagged under: China Shanshui Cement

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China Shanshui Cement revenue falls 6.5% in 9M22

26 October 2022, Published under Cement News

China Shanshui Cement Group Ltd has announced consolidated operating revenue of CNY16,494m (US$2285m) in the first nine months of 2022, down 6.5 per cent from CNY17,571m in the same period last year. Profit attributable to equity shareholders came in at CNY1023m in the 9M22, compared to CNY1780m in the first nine months of 2021. Profit over the same period fell from CNY1862m to CNY1041m.

China Shanshui Cement issues profit warning

19 July 2022, Published under Cement News

China Shanshui Cement Group has issued a profit warning for the first half of 2022. Profit attributable to equity holders of the company for the six-month period will decrease by no less than 60 per cent compared the same period a year earlier, according to a report on Dow Jones Newswire. The fall is being blamed on the pandemic, climatic factors, and market demand, which fell in the opening half of the year, resulting in a contraction in both cement sales and operating revenue versus the...

China Shanshui Cement records 15% rise in revenue

26 October 2021, Published under Cement News

China Shanshui Cement has recorded a 23.6 per cent YoY decline in attributable profit to CNY1.78bn (US$278.83m) in the first nine months of the year, compared to CNY2.33bn in the year-ago period. However, revenue advanced 14.8 per cent to CNY17.57bn from CNY15.31bn in the 9M20.

China Shanshui Cement sees operating revenue decline 5%

27 October 2020, Published under Cement News

China Shanshui Cement has seen its profit attributable to shareholders decline 6.7 per cent YoY to CNY2.33bn (US$346.97m) for the nine months ended 30 September 2020. Operating revenue also decreased 4.6 per cent YoY to CNY15.31bn in the 9M20.

China Shanshui Cement records 29% revenue fall

01 May 2020, Published under Cement News

China Shanshui Cement has recorded a 29 per cent fall in operating revenue to CNY1.83bn (US$258.83m) in the first quarter of 2020, compared to CNY2.58bn in the corresponding period of last year. The quarterly attributable loss has also widened to CNY382.6m from CNY210.9m, according to Reuters.

China Shanshui Cement records 20% revenue increase

24 March 2020, Published under Cement News

China Shanshui Cement Group has announced a 20.2 per cent YoY rise in operating revenue to CNY21.48bn (US$3.02bn) for 2019, against CNY17.87bn in 2018. Net profit also increased 24.2 per cent to CNY4.69bn from CNY3.78bn. Sales from the company’s cement segment contributed the largest amount to the results, advancing 31.1 per cent YoY to CNY17.18bn from CNY13.1bn in 2018.

China Shanshui Cement records 75% increase in net profit

12 August 2019, Published under Cement News

China Shanshui Cement has seen a 75 per cent YoY rise in net profit to CNY1.19bn (US$168.5m) for the first half of 2019, which it has attributed to higher cement sales. Revenue in the 1H19 increased 39.6 per cent to CNY9.44bn, compared with CNY6.76bn in the year-ago period. However, the company expects cement demand to slow in the second half as real estate development sees a slowdown in the country.

Shanshui Cement to work with Conch Venture on waste utilisation projects

03 June 2019, Published under Cement News

China Shanshui Cement Group Ltd has entered into a strategic cooperation agreement with China Conch Venture Holdings Ltd to collaboratively develop projects for the treatment of industrial solid and hazardous waste by cement kilns. According to an announcement, the projects would look to use China Shanshui Cement’s production lines in Shandong and northeast China. Conch Venture is expected to supply technology and management, with both companies integrating resources to form a complete ind...

China Shanshui Cement in a race to be re-listed

20 August 2018, Published under Cement News

Moore Stephens CPA has taken up the challenge to complete the 2017 audit for China Shanshui Cement before the Hong Kong Stock Exchange's deadline of 31 October. China Shanshui Cement (CSC) aims to have its shares trading again following their delisting after a failed takeover bid by rival company China Trianrui Group Cement in 2015. But last month KPMG resigned as auditor for CSC, giving Moore Stephens the difficult task to restore the company's public shareholdings in time to meet the de...

Major shareholder offers to sell stake in China Shanshui Cement

02 June 2017, Published under Cement News

China Shanshui Cement Group Ltd said on Thursday that a major shareholder had offered to divest its 25 per cent stake in the company for around US$600m. China Shanshui Investment (CSI) has invited three other big shareholders to buy its holding for HKD5.50 (US$0.71)/share, the Hong Kong-listed cement maker said in a filing, although it added that there was no certainty that a deal would be done. CSI made its offer to sell to Taiwan's Asia Cement Corporation, China National Building Materi...