Anhui Conch Cement sees net profit decrease 19%
China-based Anhui Conch Cement has seen its net profit fall 19.2 per cent YoY to CNY4.91bn (US$693.3m) in the first quarter of 2020, compared to CNY6.08bn in the 1Q19. Revenue a...
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China Shanshui Cement records 29% revenue fall
China Shanshui Cement has recorded a 29 per cent fall in operating revenue to CNY1.83bn (US$258.83m) in the first quarter of 2020, compared to CNY2.58bn in the corresponding per...
Huaxin Cement reports 65% fall in 1Q20 profit
China’s Huaxin Cement has reported a 65 per cent YoY decline in net profit to CNY354.1m (US$50.06m) for the first quarter of 2020, according to Reuters. However, the company had...
China’s cement industry expected to lead economic recovery
An accelerated recovery in the Chinese construction industry is driving the country’s cement sector to resume operations. With a positive outlook this year, analysts said the se...
Chinese infrastructure construction sees boost
Chinese infrastructure construction has reportedly been stepped up across the country as the government increases funding in the sector, states Xinhua News Agency. The productio...
China Tianrui Group Cement Co reports 50% rise in FY profit
China Tianrui Group Cement Co has posted for 2019 an attributable profit of CNY1.819bn (US$256m), up 50 per cent when compared with 2018. The company’s full-year revenues increa...
China Resources Cement sees 8% increase in net profit
China Resources Cement Holdings has reported an 8.1 per cent increase in net profit to HKD8.62bn (US$1.11bn) for 2019. Revenue inched up 0.4 per cent YoY to HKD38.96bn. The comp...
Chinese cement prices recover as work restarts
Cement prices in China have shown signs of recovery as works in the country resume, according to Xinhua-run Shanghai Securities News. Cement producers in the northwest announced...
Dongwu Cement sees 11% increase in revenue for 2019
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 Y...
China Shanshui Cement records 20% revenue increase
China Shanshui Cement Group has announced a 20.2 per cent YoY rise in operating revenue to CNY21.48bn (US$3.02bn) for 2019, against CNY17.87bn in 2018. Net profit also increased...