Sponsored by China Mining Association (CMA)
About Chinese Contribution

Home >> News >> Related industry

China's largest cement maker sees profit slump

Updated: 2016-03-24 13:43

    Anhui Conch Cement Co., China's largest cement maker by market value, said Wednesday that its net profits had slumped over 30 percent year on year in 2015, pinched by a weakening property sector and slower fixed-asset investment.

    In a report filed to the Shanghai Stock Exchange, the company said its net profits stood at 7.52 billion yuan (1.16 billion U.S. dollars), down 31.63 percent year on year.

    Revenue fell 15.66 percent year on year to 49.73 billion yuan. Earnings per share was 1.42 yuan, compared with 2.07 yuan one year earlier.

    Slower fixed-asset investment and the cooling housing market in the world's second-largest economy capped demand for cement, driving its prices down, according to the report.

    The company's cement output grew 2 percent to 224 million tonnes in 2015, and its cement capacity had reached 290 million tonnes by the end of December.

    China's fixed-asset investment rose 10 percent in 2015, slower than a 15.7-percent gain in 2014, official data showed.


Comment: Name ValidCode View Comment
  Copyright 2001-2010. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Mining Association (CMA). Without written authorization from CMA, such content shall not be republished or used in any form.
If you have any suggestion or opinion, please contact us: (8610) 66557688 or
Note: Browsers with 1024*768 or higher resolution is suggested for this site. Mail Server