Summary by Moomoo AI
Anhui Conch Cement Company Limited (Conch Cement) recorded revenue of approximately 45.57 billion RMB in the first half of 2024, a decrease of about 30.44% compared to the same period last year. The shareholders' net profit was approximately 3.486 billion RMB, a year-on-year decrease of about 48.37%, with a basic earnings per share of 0.66 RMB, a decrease of 0.61 RMB from the same period last year. Conch Cement acquired 100% equity of Conch Information Engineering Company on January 2, 2024, as a business combination under common control. The board of directors recommends not to distribute any dividends for the mid-year of 2024. As of June 30, 2024, Conch Cement's total assets were 243.73 billion RMB, total liabilities were 47.53 billion RMB, and the asset-liability ratio was 19.50%.
