Huaxin Cement (06655) announced interim results. Net profit of 731 million yuan decreased by 38.74% year-on-year

Zhitongcaijing · 08/30 13:49

According to the Zhitong Finance App, Huaxin Cement (06655) announced the results for the half year ended June 30, 2024. The group achieved total operating revenue of 16.237 billion yuan (RMB, same below) during the period, an increase of 2.56%; net profit to mother of 731 million yuan, a year-on-year decrease of 38.74%; and basic earnings per share of 0.35 yuan.

According to the announcement, in terms of profitability, the cost of current cement products decreased by 15.09 yuan/ton to 21.78 yuan/ton due to a decrease of 21.76 yuan/ton to 304.24 yuan/ton compared to the same period of the previous year; the aggregate business fell 1.40 yuan/ton to 41.41 yuan/ton due to the average sales price drop of 1.40 yuan/ton to 41.41 yuan/ton, and the cost of the concrete business decreased by 15.09 yuan/ton to 237.05 yuan/ton due to a decrease in sales price of 21.68 yuan/square meter to 268.20 yuan/ton. The increase in aggregate and overseas cement sales and performance has become an important support for stabilizing the company's performance.