00914 CONCH CEMENTWatchlist
About CONCH CEMENT Company
The company is a limited company established in the People's Republic of China and is headquartered in Wuhu. The parent company of the company is Anhui Hailuo Group Co., Ltd., and the ultimate controlling shareholder is the State-owned Assets Supervision and Administration Committee of the Anhui Provincial People's Government. The Group's main business is the production and sale of cement, commercial clinker, aggregates and concrete. The Group's cement varieties mainly include grade 32.5 cement, grade 42.5 cement and grade 52.5 cement. The products are widely used in large-scale national infrastructure construction projects such as railways, highways, airports, water conservancy projects, etc., as well as urban real estate development, cement products and rural markets. The company has received honors: The “CONCH” trademark has been recognized as a well-known trademark by the National Trademark Office and has been widely used in iconic projects that have attracted worldwide attention for a long period of time, such as: Beijing-Shanghai High-speed Railway, Hangzhou Bay Cross-Sea Bridge, Shanghai Oriental Pearl TV Tower, Shanghai Maglev Train (rail beam), Lianyungang Tianwan Nuclear Power Station, Pudong International Airport, etc. At the same time, the products are exported to more than 20 countries and regions, including the United States, Europe, Africa, and Asia.
Conch cement (600585.SH): The coal used in production is thermal coal
Glonghui, September 25 | Conch Cement (600585.SH) said on the investor interactive platform that the coal produced and used by the company is thermal coal. The overall price of thermal coal in 2022 showed a trend of high and then low. The average price for the whole year rose year-on-year. Overall, it remained high, increasing cement production costs. The main trading business carried out by the company has achieved profit, but the overall gross margin is not high. Affected by the decline in demand in the cement market and the downturn in market conditions in the past two years, the company has optimized and adjusted its trading business structure, reducing the cement clinker trade business with a relatively low gross margin.
Conch cement (600585.SH): The comprehensive unit cost of cement clinker in the first half of the year was 223.39 yuan/ton, a year-on-year decrease of 7.84 yuan/ton
Glonghui, September 25 | Conch Cement (600585.SH) said on the investor interactive platform that in the first half of the year, the company strengthened cost index control through lean production and operation management, gave full play to the advantages of large-scale procurement, and reduced production costs. The comprehensive unit cost of cement clinker in the first half of the year was 223.39 yuan/ton, down 7.84 yuan/ton from the previous year. The company's main business costs increased slightly year-on-year in the first half of the year, mainly due to a year-on-year increase in sales of the company's own products and trade products.
Changes in Hong Kong stocks | Cement stocks continue to rise, urban Nakamura reforms or boosts demand for cement, and price elasticity is expected to exceed expectations next year
Cement stocks continued to rise. As of press release, China Resources Cement Holdings (01313) rose 3.32% to HK$2.18; Conch Cement (00914) rose 2.4% to HK$21.3; and China Building Materials (03323) rose 2.22% to HK$4.14.
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