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China Tianrui Cement (01252): Applied to continue the suspension pending announcement of insider information and valuation results.
King Goo Financial News | China Tianrui (01252) announced that, as disclosed in the interim announcement on November 29, 2024 interim performance is still pending confirmation and may involve further significant changes and accounting adjustments, including changes made based on the impairment assessment by valuers. Therefore, the company considers the impairment of assets and bad debt provisions evaluated by independent professional valuers as inside information, which must be disclosed in accordance with the inside information provisions (Chapter 571 of the Hong Kong Laws). The company deems it necessary to engage reputable and independent professional valuers to assess the fair value of equity interests in associated companies, as well as asset impairments and bad debt provision.
China Tianrui Cement Extends Share Suspension for Valuation
CHINA TIANRUI: INSIDE INFORMATION UPDATE ON PUBLICATION OF 2024 INTERIM RESULTS
China Tianrui Cement Reports Steep Profit Decline
China Tianrui Cement Navigates Accounting Challenges
China Tianrui Cement (01252.HK) reported a net profit of 28.3 million yuan for the first half of 2024, a decrease of about 81.2% year-on-year.
On November 29, Gelonghui reported that china tianrui (01252.HK) announced that in the first half of 2024, the group recorded revenue of 2.58 billion yuan, a decrease of 35.4% compared to the same period in 2023. The profit attributable to the owners of the company was approximately 28.3 million yuan, a decrease of about 81.2% compared to the same period in 2023. Basic earnings per share were 0.01 yuan. As of June 30, 2024, the group had a total clinker production capacity of 28.4 million tons, cement production capacity of 56.4 million tons, and limestone aggregate production capacity of 30.2 million tons. In the first half of 2024, the group sold 8.2 million tons of cement products.
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