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Tangshan Jidong Cement (000401.SZ): The overall capacity replacement implementation measures newly issued are generally bullish for the company.
Gelonghui Nov 1st | Tangshan Jidong Cement (000401.SZ) stated at the investor relations event that the newly issued capacity replacement implementation measures are generally bullish for the company. First of all, the implementation measures propose to raise the standards for the capacity to be replaced, clearly stating that inefficient and environmentally non-compliant capacity cannot be used for replacement, which is beneficial for controlling the addition of new capacity; secondly, the conversion table for capacity has been abolished, based on the filed capacity, which is beneficial for the unified management of filed capacity and actual capacity, and promotes the healthy and standardized development of the industry; furthermore, the implementation measures set out requirements for the cement industry in energy efficiency, environmental protection, and transformation development, further clarifying the industry's sustainability in the cement industry.
Jidong Cement: Report for the third quarter of 2024
Tangshan Jidong Cement (000401.SZ) achieved a net income of 0.509 billion yuan in the third quarter, a year-on-year increase of 785.61%.
GLENCORE Report on the third quarter of 2024 released by Tangshan Jidong Cement (000401.SZ) on October 29. The company achieved revenue of 18.557 billion yuan in the first three quarters, a decrease of 16.95% year-on-year; net loss of 0.297 billion yuan. In the third quarter alone, revenue reached 7.338 billion yuan, a decrease of 6.63% year-on-year; net income of 0.509 billion yuan, an increase of 785.61% year-on-year.
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Tangshan Jidong Cement's H1 Loss Widens by 120% as Operating Income Falls 23%
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