Asia Cement (China) (00743. HK) announced that for the nine months ended September 30, 2026, the company realized a profit of 3.329 billion yuan, and the unaudited loss attributable to equity holders was about 300 million yuan.
From the perspective of the industry, the demand for cement continued to bottom out, and the decline in production was further expanded compared with the first half of the year. From January to September, the national cement output was 1.131 billion tons, representing a year-on-year decrease of 8.6%, of which the monthly decrease in September was 5.3%, which was significantly narrower than that in July and August, and the cumulative output was still at a low level in the same period of the past 18 years (data source: National Bureau of Statistics). The price showed a trend of "deep fall in the off-season and repair at the end of the quarter": it continued to decline in July, further dropped to the low level of the year in August, and rebounded in September with the increase of peak staggering, and the repair trend initially appeared. The cost side is under reverse pressure, the price of thermal coal continues to rise, which deviates from the trend of cement price , the cost pressure is transmitted to the profit side, and the demand of enterprises to repair profits has increased significantly.
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