Conch Cement openly took 15.2 billion yuan!


Updated 2019-09-02


  Conch Cement released the performance of the first half of 2019. Its operating revenue reached 71.644 billion yuan with year-on-year growth of 56.63 percent; the net profit that belongs to shareholders of the listed company was 15.26 billion yuan with year-on-year growth of 17.91 percent; earning per share was 2.88 yuan, up 0.44 yuan per share year-on-year.

  During the reporting period, Conch Group has continued to promote the domestic project construction. In the first half of 2019, one cement grinding mill, two aggregate projects and one commercial concrete project went into operation. New cement capacity was 2.3 million tons. The capacity of aggregate was 2 million tons. The capacity of commercial concrete was 0.6 million m3.

  At the same time, Conch Group has actively and steadily advanced the international development strategy. Through strengthening overseas layout and intensifying market expanding, the overall operating quality of the operating projects has been improved gradually, the projects under construction and the proposed projects in Southeast Asia, Central Asia and other regions have been promoted orderly. Besides, Conch Group have continued to strengthen overseas research and demonstration and reserve the project carrier around the Belt and Road.

  By the end of the reporting period,the capacity of clinker, cement, aggregate and commercial concrete was 252 million tons, 355 million tons, 40.7 million tons and 1.2 million m3 respectively.

  From the situation of industry sales, Conch Group’s total net sales of cement and clinker was 202 million tons with year-on-year growth of 41.55 percent in the reporting period; because of the increase of products sales and the rise of comprehensive sales price, its revenue from core operations reached 68.4 billion yuan, up by 52.68 percent year-on-year; the cost for core business was 45.415 billion yuan, increased by 83.77 percent year-on-year; the products’ comprehensive gross margins of 33.6 percent with a decline of 11.23 percentage points year-on-year.

  The sales of Conch Group’s own products of cement and clinker was 146 million tons, with year-on-year growth of 6 percent; the sales revenue of their own products was 48.665 billion yuan, up by 13.05 percent year-on-year; the cost of sales was 25.712 billion yuan, up by 11.95 percent; the comprehensive gross margins of 47.17 percent with an increase of 0.52 percentage points year-on-year.

  For strengthening the construction of terminal sales market, in the reporting period, Conch Group’s sales of trade business realized 57 million tons with a ninefold increase year-on-year; the revenue of trade business was 19.735 billion yuan with a tenfold increase year-on-year; the cost of trade business was 19.704 billion yuan with a tenfold increase year-on-year.

  From the sales of varieties, in the reporting period, Conch Group’s gross margins of 42.5 grade cement and 32.5R grade cement respectively decreased by 10.94 and 12.76 percentage points year-on-year, the gross margins of clinker dropped by 6.69 percentage points; their own products’ gross margins of 42.5 grade cement and 32.5R grade cement and clinker respectively increased by 0.57 and 0.08 and 3.28 percentage points; the comprehensive gross margins of aggregate and stone reached 68.63 percent, with a decline of 2.52 percentage points year-on-year.

  From the situation of regional sales, in the reporting period, the sales amount of their own products in each region increased in different degree due to the increase of products sales and the rise of comprehensive sales price.

  There was a steady rise in the market of eastern and central regions. The relation between supply and demand has further improved, the sales and price increased, the sales amount respectively increased by 11.26 and 18.92 percent year-on-year, the gross margins respectively increased by 2.67 and 0.51 percentage points year-on-year.

  The southern region overcame the impact of rainy weather and realized sales growth and price stable by strengthening market coordination. Its sales amount increased by 18.91 percent year-on-year and the gross margins kept flat year-on-year.

  The overall market of eastern region was steady, the sales has increased and the sales amount up by 6.06 percent year-on-year. But under the effect of the decline in market and sales price in local areas, the gross margins decreased by 3.1 percentage points.

  Under the effect of periodic strain on clinker resource in domestic market, the export sales dropped by 59.37 percent year-on-year and the export sales amount dropped by 56.58 percent year-on-year. Along with the gradual utilization of overseas new projects’ capacity and continuous perfection of marketing network, the sales and sales amount of overseas projects respectively increased by 49.74 and 85.32 percent year-on-year.

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