No Data
China Shanshui Cement: Lower Demand From Real-Estate Industry Weighed on Revnue >0691.HK
China Shanshui Cement 2024 Loss CNY140.61M Vs. Loss CNY883.96M >0691.HK
SHANSHUI CEMENT (00691.HK) had a revenue of 14.51 billion yuan in 2024, a decrease of 19.9% compared to the previous year.
On March 12, Glonghui announced that SHANSHUI CEMENT (00691.HK) expects revenue of approximately 14.51 billion yuan for the fiscal year 2024, a decrease of 19.9% compared to 2023. The projected loss attributable to the shareholders of the company for 2024 is about 0.14 billion yuan, while the loss attributable to the shareholders of the company for 2023 was approximately 0.884 billion yuan. The basic loss per share for 2024 is estimated to be 0.03 yuan (2023: basic loss per share was 0.20 yuan). In 2024, the group is committed to refining internal management to enhance the quality of existing production operations and financial resources.
Express News | China Shanshui Cement Group FY Basic EPS RMB -0.03
SHANSHUI CEMENT: PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
[Brokerage Focus] CITIC SEC indicates that the domestic Business in the Cement Industry is under pressure, while the overseas Business has become a key support for performance growth.
Jinwu Financial News | CITIC SEC stated that according to Cement Network, in 2024, China's cement production capacity will reach approximately 2.561 billion tons, while the output will only be 1.825 billion tons, marking a new low since 2010, with a capacity utilization rate of only 71.24%. The bank indicated that the domestic Cement Industry is facing the challenge of weak downstream demand, with increasingly fierce market competition and corresponding continuous decline in cement prices. Many cement enterprises are focusing their attention overseas, with Southeast Asia and Africa being popular destinations for these companies. The demand in Africa has significant growth potential, and the number of participants is relatively small, as well as higher global cement prices; Southeast Asia is the largest sea.
Some Investors May Be Worried About China Shanshui Cement Group's (HKG:691) Returns On Capital
