Summary by Moomoo AI
Conch Cement Co., Ltd. (“Sea Screw Cement”), a voluntary announcement was made on April 26, 2024. Its subsidiary Anhui Conch Cement (“Sea Screw Cement”) has issued an unaudited quarterly results report for the first quarter of 2024. The conch startup directly owns 49% of the conch group company, while the conch group owns approximately 36.40% of the conch cement. The majority of the profits of Conch Enterprises come from its interest in the Conch Group, which in 2022 and 2023 accounted for approximately 72% and 67% of the continuing operating profit of Conch Enterprises in 2022 and 2023, respectively. Conch Cement's quarterly reports are critical to the shareholders and potential investors of Conch Cement and therefore the Board of Directors hereby informs its shareholders and potential investors to refer to the quarterly report for further details.
