Cement News tagged under: Tangshan Jidong Cement

RSS feed

Tangshan Jidong sees cement and clinker sales rise 14%

14 July 2021, Published under Cement News

China’s Tangshan Jidong Cement expects its net profit to rise 20-30 per cent YoY to CNY1.2-1.3bn (US$185-200m) in the first half of 2021, compared to CNY1bn in the year-ago period. The company has attributed the rise in profit to an increase in cement and clinker sales, continued strengthening of cost control and a decline in expenses. Its consolidated sales of cement and clinker advanced 14 per cent to around 48Mt.

Tangshan Jidong Cement reports 3% rise in income

18 March 2021, Published under Cement News

China’s Tangshan Jidong Cement has reported a 2.8 per cent YoY increase in operating income to CNY35.48bn (US$5.46m) for 2020, compared to CNY34.51bn in the previous year. Net profit attributable to shareholders also increased 5.5 per cent to CNY2.85bn from CNY2.7bn in 2019.

Tangshan Jidong Cement reports fall in net profit

10 July 2020, Published under Cement News

China’s Tangshan Jidong Cement has reported its results for the first half of 2020. The company saw its net profit fall around 30.3-34.3 per cent YoY to CNY0.98-1.04bn (US$139.82-148.38m) in the 1H20. In the first half of last year, the company announced a net profit of CNY1.49bn.

Chinese cement companies expect significant rise in 1H net profit

10 July 2019, Published under Cement News

Huaxin Cement has forecast a rise in net profit between 46-56 per cent YoY from CNY2.1bn (US$305m) in the first half of 2019 when compared with the 1H18, according to Reuters. Tangshan Jidong Cement is expecting its first-half net profit to rise between 57.8-63.2 per cent from CNY918.92m in the 1H18.

BBMG and Tangshan Jidong resume US$290m Zambia plant

27 November 2018, Published under Cement News

BBMG Corp and Tangshan Jidong Cement recently resumed work on the development of a 1.28Mta cement plant in Zambia. They will build the waste heat recovery unit and the first clinker production line. The preheater, kiln and clinker store are ready. Up to 60 per cent of the US$290m investment will be secured from Bank of China, the IFC and South-Africa based Nedbank Ltd. Around 20 per cent of the project capital has been invested by the project owners, Tangshan Jidong Cement will raise the r...

China: BBMG sells stakes to Jidong Cement

30 June 2016, Published under Cement News

Chinese building materials supplier, BBMG Corp has plans to sell its stakes in 31 cement-related companies to Jidong Cement. The stakes on offer are valued at CNY15.5bn (US$2.3bn). Tangshan Jidong Cement Co Ltd will eventually become a part of BBMG as part of an overall company restructuring. This move comes as the Chinese government tries to get rid of smaller or inefficient players in sectors such as glass, steel and cement. In May 2016 the government stated that it intends would give c...

Tangshan Jidong Cement begins work on 7200tpd plant

19 April 2016, Published under Cement News

Tangshan Jidong Cement, a state enterprise with domestically listed shares, has begun work on a large 7200tpd (2.4Mt) cement plant. Construction of the Jidong plant in Heilongjiang province is a windfall for the local community. A plant this size will bring prestige, tax revenue and employment. The cement industry, however, is in despair at the new arrival. “It's totally unreasonable," laments an executive at the China Cement Association. Jidong, which reported losses of US$260m last yea...

Tangshan Jidong Cement net profit drops 88.19%, China

16 April 2013, Published under Cement News

Tangshan Jidong Cement net profit drops 88.19 per cent, China Co Ltd net profit slumped 88.19 per cent, the company said in a statement. Operating revenue slid 7.09 per cent YoY to CNY14.61bn (US$2.36bn), with basic earnings per share of CNY0.13. The company plans to pay a cash dividend of CNY1 (including tax) for every ten shares held. Jidong Cement plans to produce 72Mt of cement in 2013, a YoY increase of 20 per cent.

Tangshan Jidong Cement profit slumps, China

01 November 2012, Published under Cement News

Tangshan Jidong Cement Co’s operating revenue in the first three quarters of 2012 slumped 77.77 per cent YoY while net profit fell 83.06 per cent to CNY241m (US$38.7m). Earnings per share in the first three quarters plunged 84.71 per cent YoY. For the third quarter alone, operating income fell 3.51 per cent to CNY4.72bn and net profit stood at CNY129m which is a decline of 80.84 per cent.

Tangshan Jidong Cement majority shareholder increases stake, China

30 August 2012, Published under Cement News

Tangshan Jidong Cement announced that its controlling shareholder, Jidong Development Group Co Ltd, has acquired a combined 14.01m shares, ore a 1.04 per cent stake in the company between 11 July 2012 and 28 August 2012. As of 28 August, the controlling shareholder holds 526m shares, or a 38.32 per cent stake in Jidong, according to reports from China Business Newswire. Tangshan Jidong Cement is based in the Hebei province of China.