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Hong Kong stock movement | WESTCHINACEMENT (02233) rose over 3% with annual attributable profit to owners increasing by 48.6% year-on-year. The Ethiopian Business was below expectations.
WESTCHINACEMENT (02233) rose over 3%, as of the time of writing, it increased by 2.68%, reported at 1.53 Hong Kong dollars, with a trading volume of 27.0228 million Hong Kong dollars.
Macquarie: The two-year transformation of China's Cement industry is surprisingly similar to OPEC.
At the beginning of 2022, a price war broke out in the Cement Industry in China, and supply control began to appear in mid-2024, a gap of two years.
West China Cement's Profit Rises 49% in 2024
WESTCHINACEMENT will distribute a final dividend of 0.034 yuan per share on July 31.
WESTCHINACEMENT (02233) announced that it will distribute a final dividend of 0.034 yuan per share for the year ending December 31, 2024, on July 31, 2025.
WESTCHINACEMENT (02233.HK): In 2024, net profit increased by 48.6% to 0.626 billion yuan, with a final dividend of 0.034 yuan per share.
On March 24, Gelonghui reported that WESTCHINACEMENT (02233.HK) announced that for the year ending December 31, 2024, it achieved revenue of 8.3349 billion yuan, a year-on-year decrease of 7.5%; gross profit was 1.9738 billion yuan, a year-on-year decrease of 19.8%; profit attributable to company owners was 0.6262 billion yuan, a year-on-year increase of 48.6%; basic earnings per share were 11.5 cents, and a final dividend of 0.034 yuan per ordinary share is proposed.
WESTCHINACEMENT (02233.HK) appoints Lau Ka Keung as an independent non-executive Director.
Gelonghui, March 24丨WESTCHINACEMENT (02233.HK) announced that, starting from March 24, 2025: (1) Lau Ka Cheung has been appointed as an independent non-executive Director and a member of the Audit Committee; (2) Li Gangwei has been designated as the Chief Independent Non-Executive Director; and (3) Wang Rui has been appointed as a member of the Company's Nomination Committee.
