A Picture to Understand the Semi-annual Report of Shangfeng Cement in 2024

2024-08-28

On the evening of August 27, Conch Cement disclosed its semi-annual report that in the first half of the year, the company realized operating income of 45.566 billion yuan, down 30.44% year-on-year, net profit of 3.326 billion yuan, down 48.56% year-on-year, and basic earnings per share of 0.63 yuan. From the data point of view, in the first half of 2024, the market share of conch cement has been further improved.

2024-08-28

In the first half of the year, Conch Cement realized an operating income of 45.566 billion yuan, a year-on-year decrease of 30.44%, and a net profit of 3.326 billion yuan, a year-on-year decrease of 48.56%;

2024-08-28

From a supply perspective. In 2024, the cement industry still showed a trend of "serious overcapacity". Although the expectation of environmental protection and low carbon still maintains the trend of "continuous overweight", "normalization of staggered peak production" and "carbon peak" have some constraints on the compression of cement supply in most regions, due to the overall weakening of market demand, the original production intensity of compressed cement has been difficult to reverse the current contradiction between supply and demand in a large scale, and the market. The effect of regulation and control on the supply side of superimposed peak staggering production is weakened, and the market competition is further intensified.

2024-08-28

The company will pay close attention to the macroeconomic situation and industrial policies, optimize the strategic layout, promote the "vertical integration" expansion of the industrial chain, and build the ecological chain of the building materials industry. The company will deepen its main business, widely use digital intelligence technology and green technology, and promote the optimization and upgrading of the cement industry chain; Expand the industrial layout to promote the healthy development of the industry, expand the layout of the commercial concrete industry around the core areas, and further enhance the market influence and voice; precisely supplement the chain, combine the company's resource endowment and industrial foundation, cultivate related diversified industries, and cultivate the second growth curve.

2024-08-28

Conch Cement disclosed its semi-annual report on the evening of August 27. In the first half of the year, the company realized operating income of 45.566 billion yuan, down 30.44% year-on-year; net profit of 3.326 billion yuan, down 48.56% year-on-year; basic earnings per share of 0.63 yuan.

2024-08-28

What is happening in the cement industry?

2024-08-28

During the reporting period, the total net sales volume of cement and clinker of the Group was 128 million tons, representing a year-on-year decrease of 4.94%; the main business income was RMB34.051 billion, representing a year-on-year decrease of 22.12%; the operating cost was RMB26.319 billion, representing a year-on-year decrease of 17.75%; The comprehensive gross profit rate of products was 22.71%, down 4.10 percentage points from the same period last year.

2024-08-27

Chairman Ji Youhong stressed that the cement industry urgently needs to promote industrial transformation and upgrading, and major enterprises in the industry are striving to move towards benign competition and cooperation, pursuing the symbiosis and win-win situation of the industry as a whole.

2024-08-27

The listing of the Shares on the Hong Kong Stock Exchange will not be withdrawn and the register of members of the Company will not be closed with effect from Wednesday, 4 September 2024 for the purpose of determining the entitlements of the Scheme Shareholders under the Scheme.

2024-08-27

On the evening of August 26, Tianshan Stock released the semi-annual report of 2024. In the first half of the year, the company realized operating income of 39.699 billion yuan, down 25.72% year-on-year; net loss of 3.414 billion yuan, profit to loss year-on-year; basic earnings per share of -0.394 yuan. According to the data, among the subsidiaries of Tianshan Stock Company, China United Cement Group Co., Ltd. performed well in the first half of this year, with net profit turning from loss to profit.

2024-08-27

In the first half of the year, Tianshan's revenue was 39.699 billion yuan, down 25.72%, with a net loss of 3.414 billion yuan. The main reason for the decline in performance was the sharp drop in cement demand and the decline in gross profit margin caused by the price drop exceeding the cost drop.

2024-08-27

According to the report, in the second half of 2024, the external environment is still complex and severe, and the operation and development still face many risks and challenges. From the perspective of the industry, in the second half of the year, the marginal demand for cement improved, the supply compression continued to increase, and the contradiction between supply and demand in the industry was prominent. From the company's point of view, strategic opportunities and risks coexist, uncertainties increase, the complexity and severity of the business situation, the heavy and arduous tasks continue to intensify.

2024-08-27

It is reported that the project demolishes a Ф4.2 × 60m 2500t/d new dry clinker production line of Ningxia Yinghai Building Materials Group Co., Ltd. and a Ф4.3 × 64m 2500t/d new dry clinker production line of Ningxia Yinghai Tianyan Building Materials Co., Ltd. A 5000 t/d second-generation new dry process cement clinker production line will be built locally with equivalent replacement, and a 9 MW pure low-temperature waste heat power generation system will be built.

2024-08-27

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan.

2024-08-27

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan. During the reporting period, due to the continuous decline in real estate investment and insufficient funds for infrastructure projects, the demand for cement declined significantly. Although the year-on-year decline in coal prices led to a significant reduction in costs, due to the continued low price, the year-on-year decline was greater than cost decline, the gross profit margin declined year-on-year, and the benefits declined significantly year-on-year.

2024-08-27

What is happening in the cement industry?

2024-08-27

According to the plan, the Ganfuwei Project will be completed by the end of 2026. The comprehensive navigation of the project will enhance the navigation capacity of the Ganjiang River tail, shorten the navigation time of ships, reduce the transportation cost, improve the navigation guarantee rate, and reduce the navigation delay and accident risk caused by poor channel conditions. At that time, the transportation of cement will be more convenient, and the competitiveness of cement transportation in northern Jiangxi will be further enhanced.

2024-08-26

By the end of 2028, cement clinker production enterprises (excluding mines, including cement enterprises producing special cement and co-disposing solid waste) and independent grinding stations in the whole province will complete the transformation of ultra-low emission and complete the monitoring, assessment and publicity of ultra-low emission in accordance with the relevant requirements of the state and the province. Cement enterprises or production facilities listed in the shutdown and withdrawal plan of our province are no longer required to implement ultra-low emission transformation, but they should meet the requirements of pollutant emission standards and complete the shutdown and withdrawal of production capacity on time.

2024-08-26

Hebei Jinyu Jidong Supply Chain Co., Ltd. was established on August 21, 2024. Its legal representative is Fan Liqun. Its registered capital is RMB 100 million. The company is located in Shijiazhuang City. Its business scope covers sales of building materials, sales of cement products, sales of special chemical products (excluding dangerous chemicals), wholesale of hardware products, sales of furniture, sales of mechanical and electrical equipment, sales of mechanical and electrical equipment, sales of electrical equipment, information consulting services (excluding licensed information consulting services), domestic freight forwarding, etc. General cargo warehousing services (excluding hazardous chemicals and other items requiring approval), supply chain management services.

2024-08-26