China Resources Cement: Profit attributable to shareholders in the first three quarters is expected to decrease by 59% -63% compared with the same period last year

2023-10-13 09:19:41

China Resources Cement Holdings announced that the Group's earnings attributable to owners for the nine months ended 30 September 2023 are expected to decrease by 59% to 63% compared with the same period in 2022.

On October 12, China Resources Cement Holdings announced that the Group's earnings attributable to owners for the nine months ending September 30, 2023 are expected to decrease by 59% to 63% compared with the same period in 2022. This was

mainly due to: (1) a decrease in the selling price of the Group's products during the Period as compared to the same period of 2022; (2) a decrease in the sales volume of the Group's products during the Period as compared to the same period of 2022; (3) a one-off gain of HK $239 million on disposal of a subsidiary in the same period of 2022.

It is reported that the turnover of China Resources Cement in the first nine months of 2022 is about HK $24.196 billion, and the profit attributable to the owner is HK $1.837 billion.

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Correlation

China Resources Building Materials Technology Co., Ltd.: The net profit attributable to the parent company in the first three quarters is expected to decrease by 47% -57% compared with the same period

China Resources Building Materials Technology (01313) announced that the group expects that the profit attributable to the owners of the company (net profit attributable to the parent company) in the first nine months of 2024 will decrease by about 47% to 57% compared with the same period last year, mainly due to the decrease in the sales price of the group's cement products and concrete during the period compared with the same period in 2023, resulting in a decrease in the consolidated gross profit and the consolidated gross profit margin.

2024-10-16 10:06:11

China Resources Cement: Profit attributable to shareholders in the first three quarters is expected to decrease by 59% -63% compared with the same period last year

2023-10-13 09:19:41

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Jiangxi Provincial Department of Industry and Information Technology: Implementation Rules for Abolishing Capacity Replacement of Cement and Glass Industry in Jiangxi Province

On October 13, the Office of Industry and Information Technology of Jiangxi Province announced that due to the revision of the policy of capacity replacement in the cement and glass industry by the Ministry of Industry and Information Technology, the Office of Industry and Information Technology of Jiangxi Province decided to abolish the Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province (Gongxin Regulation No.2024) from the date of issuance of the notice, and to abolish the "Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province". The capacity replacement of cement and glass industry in the whole province will be handled in accordance with the relevant policies of the Ministry of Industry and Information Technology in the future.