西部水泥(2233.HK):海外市场放量 弹性逐步兑现

长江证券
Sep 02, 2025

事件描述公司发布半年报:2025H1 实现收入54 亿,同比增长46%;实现净利润7.5 亿,同比增长93%。事件评论海外扩张,整体销量大幅增长。上半年公司实现销量1082 万吨,同比增长23.6%;骨料销量223 万吨,同比增长39.4%;商混销量63 万方,同比下降4.6%。分区域来看,海外是核心增量。1、经营拆分来看:国内市场销量下降8.3%至665 万吨,国内销售均价同比上升4.1%至每吨...

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