Conch Cement: net profit in 2021 was 33.267 billion yuan, fell by 5.38% year-on-year

Byzengjiaming12

Updated Wed, 06 Apr 2022 10:44:37 GMT

Conch Cement disclosed its annual report on the evening of March 25, 2021. According to the report, the operating revenue was 167.953 billion yuan, down by 4.73% year-on-year; the net profit was 33.267 billion yuan, fell by 5.38% year-on-year; the basic earnings per share was 6.28 yuan. During the reporting period, Conch Group seized development opportunities, actively promoted domestic and international project construction and mergers and acquisitions, and achieved fruitful results in the main cement business and extension of upstream and downstream industry chains. Hunan Yunfeng Cement Clinker Project was completed and put into operation, and Conch successfully acquired cement projects such as Guangdong Hongfeng, Guizhou New Shuanglong and Yunnan Teng Yue; Jiangxi Yiyang Aggregate Project was completed and put into operation, and Conch obtained mineral rights for several aggregate projects through public auction; Conch successfully acquired commercial concrete projects such as Anhui Guanteng Group, Yingde Tongde Concrete and Shengde Concrete; Conch completed the acquisition of equity in Conch New Energy, and added 19 photovoltaic power plants and 3 energy storage power plants. Besides, its overseas projects under construction and proposed to be constructed were pushed forward in an orderly way.

During the reporting period, through new construction and mergers and acquisitions, Conch Group added 7.2 million tons of clinker production capacity, 14.25 million tons of cement production capacity, 7.5 million tons of aggregate production capacity, and 10.5 million cubic meters of commercial concrete production capacity. As of the end of the reporting period, Conch Group had clinker production capacity of 269 million tons, cement production capacity of 384 million tons, aggregate production capacity of 65.8 million tons, commercial concrete production capacity of 14.7 million cubic meters, and photovoltaic power generation capacity of 200MW.