Jidong Cement: the net profit reached 1.228 billion yuan in the first half of the year,increased by

Byzengjiaming12

Updated Fri, 20 Aug 2021 10:36:06 GMT

    Jidong Cement disclosed its semi-annual report on August 17. Its operating revenue achieved 16.316 billion yuan in the first half of 2021, increased by 14.47% year-on-year; the net profit was 1.228 billion yuan, increased by 22.7% year-on-year .

    In the first half of 2021, due to the epidemic has been effectively controlled in China, the company has continued to strengthen the implementation of strategic marketing and the market foundation has been further consolidated, the company's comprehensive sales of cement and clinker have increased year-on-year. Besides, the company has actively promoted the "quality training" project and improved its operational quality, and to further strengthen expense management and control, so the expenses fell year-on-year during the period. The sales of cement clinker was 48 million tons during the reporting period, with a year-on-year increase of 14%. And the increase in operating revenue during that time was mainly due to the year-on-year growth in comprehensive sales of cement clinker during the reporting period.

    It is worth noting that Jidong Cement is the largest cement industry group in the North. As of the end of the reporting period, the production capacity of clinker and cement reached 117 million tons and 170 million tons respectively. The company's cement clinker production lines have reasonable scale and high operating quality. The production line layout and sales network covers 13 provinces, autonomous regions, and municipalities directly under the central government. It has formed a comparative advantage in scale and has the abilities to continue guaranteeing large projects and big clients. Especially in the Beijing-Tianjin-Hebei region, the production capacity accounts for over 50%, with strong market share and strong speaking right in market.