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Huaxin Cement (06655.HK) will hold a Board of Directors meeting on March 26 to consider and approve the annual performance.
Gelonghui on March 14 reported that Huaxin Cement (06655.HK) announced that the Board of Directors will hold a meeting on Wednesday, March 26, 2025, to consider and approve (including other matters) the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and to propose a distribution of the annual dividend (if any).
HUAXIN CEMENT: DATE OF BOARD MEETING
[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.
CITIC SEC: It is the right time for Cement to go global, and domestic companies are expected to increase market share due to strong cost advantages.
CITIC SEC released a Research Report stating that the domestic Cement Industry is facing challenges from weak downstream demand, with market competition becoming increasingly intense, and Cement prices continuously declining.
Huaxin Cement Co., Ltd. (SHSE:600801) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Hong Kong stocks movement | Cement stocks have widened their gains in the afternoon as cement companies in some regions have notified price increases. Capacity restriction policies are officially entering the implementation phase.
The cement stocks' gains expanded in the afternoon. As of the time of this report, CONCH CEMENT (00914) rose by 5.07%, selling at HKD 20.95; Huaxin Cement (06655) increased by 4.39%, priced at HKD 7.83; CR BLDG MAT TEC (01313) was up by 3.87%, at HKD 1.61; and WESTCHINACEMENT (02233) gained 3.05%, trading at HKD 1.69.
