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GTJA: Shifting the pricing policy improves the bottom price expectations for cement
Since mid-to-late May, multiple regions across the country have successively introduced staggered peak plans and promoted regional price recovery. Looking ahead, with the increase in coordination among enterprises within the regions, the execution intensity of staggered peaks is expected to increase and the market is expected to recover.
Stock Market News: CR Building Materials Technology (01313) increased by nearly 4%. The gross profit of cement in Southern China in the first half of the year may have bottomed out, as the industry increases staggered efforts.
CR Building Materials Technology (01313) rose by nearly 4%, as of press time, up 3.72%, to HKD 1.95, with a turnover of 26.1877 million HKD.
China Resources Building Materials Forecasts Up to 75% Drop in H1 Profit
China Resources Building Materials Technology Holdings (HKG:1313) expects a 65% to 75% year-over-year decline in attributable profit for the six months ended June 30, a Friday Hong Kong bourse
HK stocks rise | CR Building Materials Technology (01313) up nearly 4%, expected to benefit from cement price increases in South China and boost profits in the second half of the year.
CR Building Material Technology (01313) rose nearly 4% in the afternoon. As of the time of publication, it rose 3.89% to HKD 1.87, with a turnover of HKD 32.4089 million.
CR Building Materials Technology (01313) is expected to see a year-on-year decrease of up to 75% in its interim net profit.
Cr bldg mat tec (01313) has issued a profit warning. Based on the preliminary assessment of the unaudited comprehensive management accounts and other existing information of the group for the six months ended June 30, 2024, the expected profit attributable to the owners of the company during the period will decrease by about 65% to 75% compared with the same period in 2023. The main reason is the decrease in the selling prices of the group's cement products and concrete during the period compared with the same period in 2023, which leads to a decrease in overall gross profit and gross profit margin.
China Resources Building Materials Technology: Expected Profit Decline Due to Lower Product Selling Prices
China Resources Building Materials Technology: Expected Profit Decline Due to Lower Product Selling
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