Cement News tagged under: China Shanshui Cement

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Shanshui Cement 1H hit by pricing pressures

19 July 2013, Published under Cement News

China Shanshui Cement said it expects to record a significant YoY decrease in net profit for the six months ended 30 June 2013 of not less than 40 per cent due to to persistently lower prices. Since the start of this year, the Shandong region (one of the company’s core markets) have been affected by excess production capacity and prices have remained from the fourth quarter of 2012. Demand has also slowed in the northeast region due to weather-related issues, and sales prices have fail...

Credit Suisse lowers China Shanshui Cement target price

22 March 2013, Published under Cement News

Credit Suisse lowered its target price for China Shanshui Cement to HK$4.2 from HK$5.5, and maintained its "neutral" call. The house expects unit gross profit to soften in 2013 to CNY65/t due to moderate supply pressure in Shandong, combined with depressed margins in Shanxi and Xinjiang (13 per cent of 2013 sales). Credit Suisse said its recent visit to Shandong also suggests 2Q2013 construction demandmay disappoint versus expectations. The house slightly reduced its 2013 earnings by three...

Chinese producers report declines in net profit

19 March 2013, Published under Cement News

Three China-based cement producers have reported declines in net profit and operating revenue for 2012. China Shanshui Cement reported a 31.8 per cent decline in net profit to CNY1.52bn during the year. Operating profit slid 4.2 per cent YoY to CNY16.16bn, with basic earnings per share of CNY0.54. United Cement Group Corp, a centrally government-run cement company, saw a 65 per cent drop in net profit for 2012 to HK$26.83m while operating revenue was down three per cent YoY to HK$705m....

China Shanshui Cement first-half net profit falls 41 per cent

28 August 2012, Published under Cement News

China Shanshui Cement has reported a net profit of CNY728m (US$114m) for the first half of 2012, representing a decline of 41 per cent YoY on the back of a slowing demand. In the period its operating revenue slid 5.8 per cent YoY to CNY7.38bn, with basic earnings per share of CNY0.26. Zhang Bin, Vice Chairman and General Manager of Shanshui Cement, said: “In the first half of 2012, affected by a contraction in China’s macro economy and slowdown in fixed asset investment, industry demand sl...

Daiwa cuts Shanshui Cement, China

18 July 2012, Published under Cement News

Daiwa Research has lowered its price target for China Shanshui Cement to HK$4.2 from HK$8.7 and downgraded its stock from ‘outperform’ to ‘buy.’ Shanshui has revised down its target by 15 per cent to 55Mt. With more cement coming from Hebei Province, Daiwa sees downside risks for prices and a likelihood of more and longer production cuts in Shandong and Liaoning. It noted that Shanshui has already prepared for 1-2 more cuts of 20-30 days each in Shandong and believes Shanshui will sacr...

JPMorgan sells 2.18m shares in Shanshui Cement, China

21 June 2012, Published under Cement News

JPMorgan Chase & Co has sold 2.18 million shares in China Shanshui Cement Group Ltd at HK$ 5.48 per share on 11 June, media reported, citing information released by the Hong Kong Stock Exchange.

Deutsche Bank buys 20.54 mln shares in Shanshui Cement, China

08 June 2012, Published under Cement News

Deutsche Bank AG acquired 20.54 million shares in China Shanshui Cement Group Ltd at HK$ 5.47/share and for a total of HK$112m on May 28th, sources reported, citing information released by the Hong Kong Stock Exchange. After the purchase Deutsche Bank's stake in Shanshui Cement increased by 0.73% to 7.66%. (Source: China Business Newswire)

China Shanshui launches US$400m bond, China

19 April 2012, Published under Cement News

China Shanshui Cement Group has launched a US$400m dollar bond to yield 10.5%, a person familiar with the matter told Dow Jones Newswires on Thursday. The planned five-year bond will be callable after three years, the person said. Initial price thoughts had suggested a yield in the "high 10s." Credit Suisse, Deutsche Bank, HSBC and JP Morgan are joint bookrunners and lead managers on the planned Rule 144a/ Reg S senior notes, which are provisionally rated BB-minus by Fitch Ratings and Sta...

China Shanshui seeks to price dollar bond, China

17 April 2012, Published under Cement News

China Shanshui Cement Group Ltd is seeking to price a benchmark US dollar bond to yield in the "high 10s," a person familiar with the matter told Dow Jones Newswires on Tuesday. Credit Suisse, Deutsche Bank, HSBC and JP Morgan are joint bookrunners and lead managers on the planned Rule 144a/ Reg S senior notes, which are provisionally rated BB-minus by Fitch Ratings and Standard & Poor's Ratings Services.

Fitch revises China Shanshui Cement Outlook

11 April 2012, Published under Cement News

Fitch Ratings has revised China Shanshui Cement’s Outlook to Positive from Stable. The Outlook reflects an “improved competitive landscape in Shandong, Shanshui’s core market and the company’s reduced capex plans,” Fitch said in a statement. Discipline to stablise selling prices by adjusting production levels by key Chinese cement industry improved in 2011, especially in regional markets with strong concentration like the Shandong Province, Fitch notes. The top two cement producers in thi...