Cement News tagged under: China

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Anhui Conch

28 August 2019, Published under Cement News

In the six months ending 30 June 2019, Anhui Conch reported revenue of CNY71.64bn (US$10.01bn), up 56.6 per cent YoY. Profit attributable to equity shareholders came in at CNY15.28bn over the same period, an increase of 17.8 per cent YoY. The increase is being partly attributed to bulk procurement of raw materials and fuel, in the face of rising prices, and optimised resource allocation, leading not only to improved results but also better operational quality. Over the same period, the co...

China National Building Materials (CNBM)

28 August 2019, Published under Cement News

In the first half of 2019, CNBM’s subsidiary Sinoma International reported a 12.38 per cent YoY jump in operating income to CNY11.33bn (US$1.58bn). Net profit over the same period advanced by 16.1 per cent to CNY752m. Meanwhile, CNBM’s Beijing New Building Materials (BNBM) subsidiary saw an 0.8 per cent YoY increase in operating income to CNY6.04bn over the same six-month period, while its net profit fell from a profit of CNY1.29m in the 1H18 to a loss of CNY691.4m a year later. According...

Dongwu Cement reports 12% rise in 1H profit

28 August 2019, Published under Cement News

Dongwu Cement reported a turnover of CNY251.739m for the first six months of 2019, representing an increase of 14.7 per cent YoY, according to a company to the Hong Kong Stock Exchange. The company’s cement business posted a gross profit margin decreased to 20.7 per cent from 22.8 per cent in the 1H18. The profit attributable to Dongwu Cement’s owners increased to CNY32.219m in the first half of 2019, a 12.4 per cent advance on the CNY28.671m reported in the year-ago period. The company ...

CNBM expects demand to increase in the 2H19

27 August 2019, Published under Cement News

China’s CNBM is expecting domestic cement demand in the 2H19 to increase from the first half, alongside pricing improvements compared to the previous year, due to the traditional peak construction season being in the second half, according to Cao Jianglin, chairman. When asked about the potential impact of trade wars on the company business, Mr Jianglin noted that he foresaw a limited impact on the export business due to its internationalisation and factories located in the US, reports AA ...

West China Cement reports 23% increase in profit

13 August 2019, Published under Cement News

West China Cement Ltd has announced a 22.7 per cent increase in profit to CNY793.5m (US$112.3m) for the 1H19, compared with CNY646.7m in the year-ago period. Revenue climbed 27.2 per cent YoY to CNY3.31bn from CNY2.6bn, while EBITDA advanced 5.9 per cent to CNY1.38bn. Total cement and clinker sales volumes rose 5.1 per cent to 8.61Mt from 8.19Mt, with cement sales consisting of 8.45Mt of the final amount. "Sales volumes in Shaanxi Province have remained stable. Sales volumes in Xinjiang a...

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 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.

Anhui Conch places laboratory equipment order

06 August 2019, Published under Cement News

China’s Anhui Conch has ordered four polab® laboratory automation systems from thyssenkrupp, including units for the world’s two largest cement plants in Wuhu and Tongling, eastern China. "More and more cement manufacturers are showing interest in our smart factory and digitisation solutions. Our automation systems make cement plants fit for the future. This order with our long-lasting client is an outstanding reference in the industry underlying the global trend for efficiency improvement...

Shui On Cement to be compensated for plant closure

23 July 2019, Published under Cement News

Hong Kong-based Socam Development said the Kaili government in Guizhou, China, is expected to compensate its subsidiary Shui On Cement with CNY171m (US$24.85m). The funds are to reimburse the costs and expenses related to the closure of its plant, which resulted from the central government's policy of phasing out of backward and energy-inefficient capacity, according to The Standard. The cement plant site will be redesignated for commercial and residential purposes. The Kaili government p...

China’s cement industry sees CNY80bn profit in 1H19

22 July 2019, Published under Cement News

China’s cement industry in the first half of 2019 saw profits advance by 20 per cent to CNY80bn (US$11.6bn), according to China Securities Journal. Cement output increased 6.8 per cent YoY to 1.05bnt in the January-June period, the highest growth rate in the last five years, as shown by data of the National Bureau of Statistics. The cement market expansion has been attributed to real estate and infrastructure growth. Fixed-asset investment, including capital spent on infrastructure, prope...