Shanshui Cement: It is expected that the net profit in 2022 will decrease by no less than 70% year-on-year.

2023-01-17 09:21:14

In 2022, affected by factors such as epidemic, climate and declining market demand, the sales volume of cement decreased compared with 2021, and the operating income decreased compared with 2021. In terms of cost, due to the increase in the price of raw materials and coal and electricity, the operating cost increased compared with 2021, which reduced the profit margin.

Shanshui Cement announced on January 16 that it expected that the profit attributable to equity holders of the Company for the year ending December 31, 2022 would decrease by no less than 70% as compared with the year ending December 31, 2021 of approximately RMB2.777 billion. In 2022, affected by factors such as epidemic, climate and declining market demand, the sales volume of cement decreased compared with 2021, and the operating income decreased compared with 2021. In terms of cost, due to the increase in the price of raw materials and coal and electricity, the operating cost increased compared with 2021, which reduced the profit margin.

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Correlation

Shanshui Cement: It is expected that the net profit in 2022 will decrease by no less than 70% year-on-year.

2023-01-17 09:21:14

CEMPI

102.19

-0.24 -0.23%

CONCPI

92.33

-0.57 -0.61%

CLKPI

103.97

-0.24 -0.23%

SPPI

44.88

0.00 0.00%

MORPI

75.16

-0.30 -0.40%

The 4500t/d new line of Fujian Cement will not be built! The original two transferred production capacity is used to supplement the indicators of three clinker lines.

On January 15, 2021, Fujian Provincial Department of Industry and Information Technology announced the capacity replacement plan of Fujian Cement Co., Ltd. for the construction project of cement clinker production line with a daily output of 4500 tons, which was not organized and implemented for some reasons. Now the enterprise applies for the change of the announcement.