Western Cement Reports 40.5% Surge in Annual Profit, Declares Final Dividend

Stock News

03/24

WESTCHINACEMENT (02233) announced its annual results for the fiscal year, reporting revenue of RMB 96.21 billion, an increase of 15.3% year-on-year. Profit attributable to shareholders reached RMB 880 million, rising by 40.5% compared to the previous year. Basic earnings per share stood at 16.1 cents, and a final dividend of RMB 0.048 per share was declared.

During the reporting period, sales volume of cement and clinker increased by 9.0% to 21.8 million tons (2024: 20.0 million tons). Sales in the Chinese market declined by 18.8% to 13.0 million tons (2024: 16.0 million tons), while overseas sales surged by 120% to 8.8 million tons (2024: 4.0 million tons).

The average selling price for cement and clinker in China decreased by 6.3% to RMB 251 per ton (2024: RMB 268 per ton). However, due to lower production costs, the group maintained a stable gross profit per ton of RMB 39 (2024: RMB 41). The significant growth in overseas sales helped sustain the average selling price at a more sustainable level of RMB 470 per ton (2024: RMB 568 per ton), driving the average gross profit per ton to RMB 171 (2024: RMB 272).

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The significant growth in overseas sales helped sustain the average selling price at a more sustainable level of RMB 470 per ton (2024: RMB 568 per ton), driving the average gross profit per ton to RMB 171 (2024: RMB 272).</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1500","symbol_name":"沽空集合股","start_time":0,"source_url":"","article_id":"1110886349","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110886349","pubTimestamp":1774308379,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"WESTCHINACEMENT (02233) announced its annual results for the fiscal year, reporting revenue of RMB 96.21 billion, an increase of 15.3% year-on-year. 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