Cement News tagged under: China Tianrui Group Cement Co

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China Tianrui full-year profit 21% up in 2018

18 March 2019, Published under Cement News

China Tianrui Group Cement reported a 21 per cent increase in profits to CNY1.21bn in 2018 when compared with CNY1bn the previous year. The company’s revenues were up 19.5 per cent from CNY8.42bn in 2017 to CNY10.06bn in 2018.

China Tianrui records revenue increase for 2017

23 March 2018, Published under Cement News

China Tianrui Group Cement has announced that its profit attributable to owners rose 238.6 per cent YoY for the full-year 2017 period, increasing to CNY1bn (US$158.47m) from CNY295.8m. Revenue advanced 40.1 per cent on the previous year, reaching CNY8.42bn. Gross profit grew by 58 per cent YoY to CNY2.40bn, while the gross profit margin rose to approximately 28.5 per cent. This has been attributed to a greater increase in cement and clinker prices than in production costs.

China Tianrui attributable profit surges

29 August 2017, Published under Cement News

China Tianrui Group Cement Co said its profit attributable to owners for the six months ended 30 June 2017 surged 175 per cent YoY to CNY489m (US$74m). Revenue amounted to CNY3785m, an increase of 22.3 per cent from a year earlier. Gross profit grew 51.3 per cent YoY to CNY1174m. Gross profit margin increased to about 31 per cent in the first half of 2017 from 25.1 per cent in the same period of 2016. The increase in gross profit margin was primarily due to the significant increase in the...

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...

China Tianrui Group Cement appoints executive director

17 May 2017, Published under Cement News

China Tianrui Group Cement Co Ltd announced that Ding Jifeng has been appointed as an executive director of the company, effective 15 May 2017.

China Tianrui Group Cement Co to issue CNY500m unsecured short term bills

22 May 2015, Published under Cement News

China Tianrui Group Cement Co, a leading clinker and cement producer in Henan and Liaoning provinces, has announced that it will issue CNY500m (US$80.7m) unsecured short-term bills with a maturity of 366 days on the interbank market on May 26. The corporation said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 27 May, and the to-be-issued bills tradable on 28 May. ...

China Tianrui Group Cement profit inches up

26 March 2015, Published under Cement News

China Tianrui Group Cement Co posted a net profit of CNY565m (US$91m) in the full year ended 31 December 2014, climbing 1.07 per cent from a year earlier. Basic earnings per share were CNY0.24. Income inched up by 3.34 per cent to CNY8.95bn.

China Tianrui Group Cement Co attributable profit climbs 15.6% YoY

29 August 2014, Published under Cement News

China Tianrui Group Cement Co said its attributable net profit for the six months to the end of June 2014 rose 15.6 per cent YoY to CNY327m (US$53.2m). Revenue rose 15.4 per cent from a year earlier to CNY4296m. The gross profit margin increased to 22.3 per cent in 1H14 versus 21.6 per cent in 1H13, primarily due to the lower cost of sales and slightly higher average selling prices of cement.

China Tianrui Group Cement full-year net profit slides

25 March 2014, Published under Cement News

China Tianrui Group Cement Co Ltd said its 2013 profit attributable to shareholders declined more than 28 per cent to CNY558.9m (US$90.17m) from CNY783.4m the year before. Basic earnings per share slid to O.23 from CNY0.33. Pretax profit fell 29 per cent to CNY729.3m. However, revenue rose more than 14 per cent to CNY8.66bn.

China Tianrui to issue unsecured bills, China

28 January 2013, Published under Cement News

China Tianrui Group Cement Co is to issue CNY2bn (US$321m) in unsecured bills with a maturity of 365 days on the interbank market on 31 January. The company, which is a leading clinker and cement producer in Henan and Liaoning provinces, said that the bills 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 1 February, and the to-be-issued bills tradable 4 February. All the proceeds from the issue will b...