Conch Cement: the net profit was 14.951 billion yuan in the first half of the year, fell by 6.96% ye

Byzengjiaming12

Updated Tue, 07 Sep 2021 09:26:44 GMT


    On August 27, Conch Cement (00914.HK) announced that in the first half of 2021, the group strove to overcome the impact of many unfavorable factors such as rise in prices of bulk raw materials and fierce market competition, strengthened production and marketing organization and resource coordination, insisted on differentiated marketing strategy, so that the company’s sales prices remained stable and sales achieved steady growth. Besides, the group strengthened research and judgment on the supply market situation, intensified long-term coal procurement, grasped the procurement rhythm reasonably, controlled material procurement costs. Moreover, the group focused on accelerating the transformation and application of scientific and technological innovation results, promoted green development of the industry, and enhanced operations management and index control, to continuously improve the company’s operational quality.

    During the reporting period, the operating income prepared by the group was 80.433 billion yuan in accordance with Chinese Accounting Standards, increased by 8.68% over the same period of last year; the net profit attributable to shareholders of listed companies was 14.951 billion yuan, fell by 6.96% over the same period of last year; earnings per share were 2.82 yuan, with a decrease of 0.21 yuan per share over the same period of last year. The operating income was 80.433 billion yuan in accordance with IFRS, increased by 8.68% over the same period of last year; the net profit attributable to shareholders of listed companies was 14.968 billion yuan, dropped by 6.95% over the same period of last year; earnings per share were 2.82 yuan, with a decrease of 0.22 yuan per share over the same period of last year.

    During the reporting period, the Group steadily promoted the construction of domestic and foreign projects. One clinker production line and two cement mills in Hunan Yunfeng Cement Co., Ltd. were completed and put into operation. The construction of grinding stations in Haimen and Ganzhou was started, and aggregate projects in Tongling and Chizhou were successfully signed. In terms of overseas development, the overall operational quality of the projects that have been put into production has continued to improve. The Karshi project in Uzbekistan has stepped into the equipment installation stage, and other projects under construction and proposed has pushed forward orderly. During the reporting period, the group’s clinker production capacity and cement production capacity has added 1.8 and 2.7 million tons respectively. As of the end of the reporting period, the Group's clinker, cement, aggregate and commercial concrete production capacity was 264, 372, 58.3 million tons and 4.2 million cubic meters respectively.