Fujian full-year net profit declines
Fujian Cement earned a net profit of CNY19.05m (US$3.074m) in 2013, a YoY decline of 30.38 per cent. Operating revenue rose by 12.4 per cent YoY to CNY1.82bn. The company at...
China
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UBS raises China Resources target price, maintains ‘buy’ rating
UBS has raised its target price for China Resources Cement to HK$7.3 from HK$6 and maintained its ‘buy’ rating. The research house expects the South China cement market to r...
Asia Cement (China) seeks M&A activity, strategic alliances
Asia Cement’s China subsidiary is seeking mergers and acquisition opportunities, as well as the creation of strategic alliances, to raise production capacity and boost its comp...
Asia Cement attributable profit surges
Asia Cement (China) said its profit attributable to owners for the year ended 31 December 2013 surged 108 per cent YoY to CNY823m (US$133.8m). Its basic and diluted earnings ...
Gansu Qilianshan full-year profit surges
Gansu Qilianshan Cement Group Co Ltd earned a net profit of CNY465m (US$75.8m) in 2013, a YoY surge of 167.77 per cent, the company announced in a statement. Meanwhile, operat...
Xinjiang Tianshan net profit declines
Xinjiang Tianshan Cement Co Ltd reported a net profit of CNY280m (US$45.62m) in 2013, a YoY fall of 12.08 per cent, the company announced on 12 March. Meanwhile, operating rev...
China Resources net profit increases 43.6% in 2013
China Resources Cement Holdings Ltd earned a net profit of CNY3.34bn (US$544m) in 2013, a YoY increase of 43.6 per cent, the company announced on Friday. Meanwhile, operating...
Henan Tongli profit declines, China
Henan Tongli Cement Co Ltd earned a net profit of CNY66.38m (US$10.83m) in 2013, a YoY decline of 59.58 per cent, China Business Newswire reported. Meanwhile, operating revenu...
China expected to announce relief measures to stimulate consolidation
China's State Council is expected to release specific measures to stimulate cement industry consolidation to address three key areas. A report published by China Perspective, ...
China prices seen rising over 2014-15
Cement prices in China are expected to increase by 10 and five per cent in 2014 and 2015, respectively, according to research report by HSBC. As a result, higher prices as well...