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Jidong Cement profit warning, China

Jidong Cement profit warning, China

Tangshan Jidong Cement Co Ltd, a Hebei Province-based cement producer, predicted on 13 April that its net loss widened to CNY200-250m in the first quarter of this year from CNY...

Sichuan Shuangma Cement Co net profit drops

Sichuan Shuangma Cement Co net profit drops

Sichuan Shuangma Cement Co net profit dropped 32.5% in 2011 to CNY162.65m (US$25.8m), from an adjusted 2010 net profit of CNY240.97m. The company's shares are down 1.4% at C...

Asia Cement issues profit warning, China

Asia Cement issues profit warning, China

Asia Cement China said it expects the group to record a substantially lower net profit for the first quarter of 2012 compared to the same period of last year. The decrease is...

Fitch revises China Shanshui Cement Outlook

Fitch revises China Shanshui Cement Outlook

Fitch Ratings has revised China Shanshui Cement’s Outlook to Positive from Stable. The Outlook reflects an “improved competitive landscape in Shandong, Shanshui’s core market a...

China’s cement makers fall on demand worries

China’s cement makers fall on demand worries

Chinese cement companies fell sharply on worries about sluggish demand as China’s investment growth is slowing, Dow Jones reports. Thanks to production limits imposed by the...

China Shanshui to issue senior notes, China

China Shanshui to issue senior notes, China

China Shanshui Cement said it proposes to conduct an international offering of senior notes and would commence a series of roadshow presentations beginning on or around 11 Apri...

Jidong Cement net profit rises 9%

Jidong Cement net profit rises 9%

Tangshan Jidong Cement Co. Ltd, based in Hebei Province, China, has stated that its net profit rose 9%YoY to CNY1.53bn in 2011. Meanwhile, operating revenue surged by 42.15% to...

CNBM seeks CNY15bn listing, China

CNBM seeks CNY15bn listing, China

China National Building Material (CNBM) China National Building Material (CNBM), hopes to list in Shanghai this year, according to local press reports. The company hopes to ...