Soochow Cement: Revenue Decreased by 36.8% in 2022

2023-03-25 14:14:41

On March 24, Dongwu Cement International Co., Ltd. released its annual results announcement for the year ended December 31, 2022.

On March 24, Dongwu Cement International Co., Ltd. released its annual results announcement for the year ended December 31, 2022. According to the Announcement, the Group's revenue for the Reporting Period was approximately HK $372,338,000, representing a decrease of approximately HK $217,123,000 or 36.8% from approximately HK $589,461,000 for the year ended 31 December 2021. The gross profit margin of the

cement segment decreased from approximately 18.9% for the year ended 31 December 2021 to approximately 0.9% for the Reporting Period. Profit/ (loss) attributable to equity holders of the Company

for the year ended 31 December 2022 decreased from approximately HK $46,541,000 for the year ended 31 December 2021 to approximately HK $ (40,468,000) for the Reporting Period.

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Correlation

Soochow Cement: Revenue Decreased by 36.8% in 2022

On March 24, Dongwu Cement International Co., Ltd. released its annual results announcement for the year ended December 31, 2022.

2023-03-25 14:14:41

CEMPI

100.41

+0.83 +0.83%

CONCPI

86.65

-0.03 -0.03%

CLKPI

102.88

+1.32 +1.30%

SPPI

41.98

+0.35 +0.84%

MORPI

71.83

0.00 0.00%

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.