Cement News tagged under: Dongwu Cement

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Dongwu Cement sees 11% increase in revenue for 2019

26 March 2020, Published under Cement News

China’s Dongwu Cement has seen a 10.7 per cent increase in revenue to CNY571.15m (US$80.5m) in 2019, rising from CNY516.04m in the previous year. Profit declined 32.3 per cent YoY to CNY60.7m from CNY89.67m. "As a result of increases in both sales volume and price in China’s domestic cement industry, operating income of cement segment of the group in 2019 increased steadily as compared with the corresponding period of last year. The group recorded a profit of approximately CNY92,853,000 fr...

Dongwu Cement to sell stake in wastewater treatment company

18 December 2019, Published under Cement News

China’s Dongwu Cement has announced that its subsidiary, Xinhua Shanghai Investment Management Co, plans to divest its entire 62.26 per cent stake in Shanghai Biofit Environmental Technology Co. The total consideration for the divestment is estimated at CNY22m (US$3.14m). Shanghai Biofit and its subsidiaries are principally engaged in the treatment of organic wastewater and sludge, alongside the comprehensive treatment of urban organic waste.

China's cement output rises by 6% in 1H19

29 August 2019, Published under Cement News

China's total cement output rose by 6.8 per cent in 1H19 to 1.045bnt. This was the fastest growth in the last six years, even though cement supply was still constrained by the policies of 'staggering peak construction' and environmentally restrictive production'. National demand for cement saw a YoY increase of more than five per cent with the northern region showing the fastest growth. The pricing and supply-demand balance in northern China, particularly in Beijing, Tianjin and He...

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 ...

Executive Director of Dongwu Cement resigns

21 August 2019, Published under Cement News

Peng Cheng has resigned as the executive director of China-based Dongwu Cement, with effect from 20 August 2019. According to a statement, Mr Cheng has resigned to focus on his other business commitments, which require more attention. The board thanked Mr Peng for his contributions during his tenure and noted that he will remain as the director of certain subsidiaries of the company after his resignation. The company had previously announced a shortage of independent non-executive director...

Dongwu raises US$6.70m in private placement

17 February 2015, Published under Cement News

Dongwu Cement International Ltd has completed a private placement of 40m shares at a price of HKD1.30 ($0.16) per share for gross proceeds of HKD52m (US$6.70m). The company has agreed to issue up to 40 million shares at a price of HKD1.30 (US$0.16) per share to raise gross proceeds of HKD52m (US$6.70m) in a private placement. The placing shares represent approximately 7.81 per cent of the existing issued share capital of the company and 7.25 per cent of the issued share capital of the comp...

Dongwu Cement placement of new shares

26 January 2015, Published under Cement News

China-based Dongwu Cement said it agreed to place up to 40 million new shares at HK$1.3 apiece, representing a premium of about 3.17 per cent to the closing price of H$1.26. The placing shares represent around 7.25 per cent of the enlarged issued share capital of Dongwu Cement. The estimated net proceeds of about HK$51.3m will be used for acquiring 100 per cent equity interest in Shanghai Biofit Environmental Technology Co, Ltd and for general working capital of the group.