DONGWU CEMENT Shares Plunge Over 14% Following Annual Results Showing Widened Loss

Stock News
Mar 30

DONGWU CEMENT (00695) saw its shares decline by more than 14% during trading, and as of the latest update, the stock was down 13.25% to HKD 5.89, with a turnover of HKD 10.37 million. The movement follows the release of the company's 2025 annual results, which reported a group total revenue of HKD 231 million, representing a year-on-year increase of 3.4%. However, the loss attributable to shareholders widened by 13.93% to HKD 66.797 million compared to the previous year. According to the announcement, while the company's full-year revenue achieved growth, its operational performance throughout the year showed significant divergence: market demand was generally weak in the first half, and demand during the traditional peak season fell short of expectations, although the rate of decline narrowed, contributing to a recovery in the company's revenue. This positive trend, however, did not continue into the second half, as market demand remained persistently sluggish and lacked effective support. The industry's supply-demand imbalance became more pronounced, leading to a continued decline in cement prices.

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