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Economic

CR Cement has always adhered to comprehensive, balanced and sustainable development. Faced with the various challenges of the times and economic situation, we accurately seize development opportunities, continuously improve the company's internal governance structure, strengthen construction of internal systems, improve the company's overall governance level, seek higher quality development with more efficient organization control, and build the foundation for the new economy.

 

Key Performance Indicators:

Indicator Name 2018 2019 2020
Turnover (HK$ million) 38,791 38,956 40,087
Profit before taxation (HK$ million) 11,335 12,008 11,893
Profit for the year (HK$ million) 8,007 8,694 9,030
Total assets (HK$ million) 60,506 61,171 68,532


Since 2020, CR Cement newly acquired the mining rights of 6 aggregates quarries located in Fengkai County of Guangdong, Shangsi County, Tianyang District and Wuxuan County of Guangxi, Dingan County of Hainan and Weishan County of Yunnan respectively, with resource reserves of approximately 920.0 million tons in total and planned annual production capacity of approximately 51.0 million tons in total, which had further enriched reserves of aggregates resources. Runfeng New Materials, our subsidiary, entered into an equity transfer agreement in January 2021 with Universal Marble and its subsidiaries to acquire approximately 58.8% equity interests of Universal Classical. This had increased the equity interests of Universal Classical attributable to CR Cement to approximately 75.3%. As of the end of 2020, a total of 7 prefabricated construction projects had been planned for and the design annual production capacity of precast concrete components is expected to reach approximately 1.5 million m3 after completion.