Tangshan Jidong Cement profit slumps, China
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). Earnin...
China
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Anhui Conch to issue bonds, China
Anhui Conch Cement Co Ltd has been given the greenl ight by China Securities Regulatory Commission to issue no more than CNY6bn (US$2.13bn) of 10-year corporate bonds publicly....
Sinoma nine-month net profit down 76 per cent, China
Sinoma said its net profit attributable to equity holders of parent dropped 76.41 per cent YoY to CNY305m (US$48.9m) for the nine months ended 30 September 2012. Its basic and...
Jiangxi Wannianging Cement profit declines, China
Jiangxi Wannianging Cement has posted an 82.33 per cent drop in net profit for the first nine months of 2012 on the back of lower sales volumes and prices. For the nine month...
Asia Cement profit falls, China
Asia Cement (China) said that revenue for the first nine months of 2012 was CNY4.73bn (US$757m), a decline of 19.83 per cent from a year earlier. Gross profit declined 58.5 per...
JP Morgan expects improved China pricing environment
JP Morgan has raised its target price for BBMG Corp to HK$6.5 from HK$5.5 and maintained its “neutral” rating and sees improved trading conditions in the second half of 2012. ...
Henan Tongli Cement nine-month net profit declines, China
Henan Tongli Cement Co Ltd reported a net profit of CNY138m (US$22m) for the first three quarters of 2012, a YoY decline of 6.86 per cent. Operating revenue during the period c...
Anhui Conch 3Q12 net down, China
Anhui Conch Cement said its net profit attributable to equity shareholders dropped 66.75 per cent YoY to CNY1.02bn (US$163m) for the third quarter ended 30 September 2012. Ope...
Tianshan Cement net profit declines, China
Xinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, reported a net profit of CNY343m (US$54.9m) in the first nine months of 2012, representing a YoY decline of ...
BofAML says China cement industry trends turned positive
Chinese cement stocks have rebounded 20 per cent since early September, and Bank of AmericaMerrill Lynch believes the industry outlook tends to turn positive as new production ...