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Announcement highlights | A subsidiary of China Energy Engineering won an EPC general contracting project worth nearly 5.9 billion yuan; VESYNC received a premium of approximately 33.33% for privatization, and resumes trading today.
China Energy Engineering Corporation's subsidiary has won an EPC general contracting project worth nearly 5.9 billion yuan; SANXUN GROUP's sales in the first 11 months decreased by more than 60% year-on-year.
Huaxin Cement (06655.HK) subsidiary sold assets to the Kunming Guandu District government Changshui Street Office for a compensation price of 0.85 billion yuan.
On December 27, Guolonghui reported that Huaxin Cement (06655.HK) announced that its wholly-owned subsidiary Yunnan Huaxin Dongjun Cement Co., Ltd. (hereinafter referred to as "Dongjun Cement") and Yunnan State Assets Cement Kunming Co., Ltd. (hereinafter referred to as "State Assets Kunming") will transfer their land use rights and non-current assets such as buildings and structures, attached properties, and machinery to the People's Government of Guandu District, Kunming City, Yunnan Province, for a compensation price of 0.85 billion yuan. The proceeds from the asset sale will be used as general operating funds for the group. It is reported that Dongjun Cement was acquired by the company in 2017.
Huaxin Cement (600801.SH): Subsidiary sells assets.
On December 27, Ge Long Hui reported that Huaxin Cement (600801.SH) announced that its wholly-owned subsidiary, Yunnan Huaxin Dongjun Cement Co., Ltd. (referred to as "Dongjun Cement"), and Yunnan State-owned Cement Kunming Co., Ltd. (referred to as "State-owned Kunming") will transfer the land use rights and permanent assets such as buildings, structures, attachments, and machinery equipment under their name to the Changshui Street Office of the People's Government of Guandu District, Kunming City, Yunnan Province for a compensation price of 0.85 billion yuan.
[Brokerage Focus] Tianfeng believes that the decline in Cement demand is expected to narrow, Bullish on the upward elasticity of domestic Cement enterprises' profits in 2025.
Jinwu Financial News | Tianfeng Securities released a research report indicating that the firm believes that in 2025, due to the advancement of real infrastructure workloads and the solidification of new real estate construction, the decline in cement demand is expected to narrow. On the supply side, efforts will gradually intensify. In the short term, staggered production remains the most effective means of adjusting supply-demand balance. As the restrictions on overproduction policies gradually tighten in 2025, companies exiting small and medium capacities through compensating for excess production indicators will lead the industry to begin to achieve genuine capacity clearance. Starting in 2027, the industry will enter a stage of deepening and refining carbon trading, and the effects of capacity optimization in the industry are expected to become more apparent. The firm stated that in October, the East China Yangtze River Delta...
【Brokerage Focus】HAITONG INT'L: The first foray into Latin America is steady, and it is a good time for Chinese Cement companies to expand abroad.
Jingwu Financial News | HAITONG INT'L Research points out that recently Huaxin Cement (06655) announced plans to acquire 100% equity of symbol A for 0.1866 billion USD (holding 60% equity of symbol B), and 40% equity of symbol B. After the acquisition is completed, symbol B will become a wholly-owned subsidiary of the company, with performance consolidated into the company's financial statements. The bank noted that the target company is located in Brazil, the largest country in Latin America. The company mainly engages in the aggregate business and has not yet involved in cement assets. The bank believes that operating an aggregate plant in Brazil will help the company gain a deeper understanding of Brazilian culture, language, and market, making it an ideal springboard for future development and growth in Brazil.
Huaxin Cement Unit to Buy Stake in Two Firms
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