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CR BLDG MAT TEC (01313.HK): The comprehensive operating revenue for 2024 reached 23.038 billion yuan, with a final dividend of 0.01 HKD per share.
On March 14th, Gelonghui reported that CR BLDG MAT TEC (01313.HK) announced that for the year ending December 31, 2024, the total operating revenue reached 23.038 billion yuan, a year-on-year decrease of 9.8%. In 2024, the total gross profit was 3.8003 billion yuan, a year-on-year increase of 1.0%, while the total gross margin was 16.5%, an increase of 1.8 percentage points from 14.7% in 2023. In 2024, the gross margins for Cement products, concrete, and aggregates were 15.1%, 12.2%, and 35.1%, respectively, while in 2023 they were 11.7%,
Express News | China Resources Building Materials Technology Holdings FY Gross Profit RMB 3,800.3 Million
Express News | China Resources Building Materials Technology Holdings FY Revenue RMB 23,037.8 Million
CR BLDG MAT TEC: 2024 Annual Results Announcement
[Brokerage Focus] CITIC SEC indicates that the domestic Business in the Cement Industry is under pressure, while the overseas Business has become a key support for performance growth.
Jinwu Financial News | CITIC SEC stated that according to Cement Network, in 2024, China's cement production capacity will reach approximately 2.561 billion tons, while the output will only be 1.825 billion tons, marking a new low since 2010, with a capacity utilization rate of only 71.24%. The bank indicated that the domestic Cement Industry is facing the challenge of weak downstream demand, with increasingly fierce market competition and corresponding continuous decline in cement prices. Many cement enterprises are focusing their attention overseas, with Southeast Asia and Africa being popular destinations for these companies. The demand in Africa has significant growth potential, and the number of participants is relatively small, as well as higher global cement prices; Southeast Asia is the largest sea.
CITIC SEC: It is the right time for Cement to go global, and domestic companies are expected to increase market share due to strong cost advantages.
CITIC SEC released a Research Report stating that the domestic Cement Industry is facing challenges from weak downstream demand, with market competition becoming increasingly intense, and Cement prices continuously declining.
Returns On Capital Signal Tricky Times Ahead For China Resources Building Materials Technology Holdings (HKG:1313)
