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PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY REACHED HK$2,648.6 MILLION FOR THE FIRST NINE MONTHS OF 2017

2017-10-20 【 Fonts:LargeMediumSmall

(Hong Kong, 20 October 2017) – China Resources Cement Holdings Limited (“China Resources Cement” or the “Company”, SEHK stock code: 1313, and together with its subsidiaries, the “Group”), one of the leading cement and concrete producers in Southern China, announced its unaudited financial information for the nine months ended 30 September 2017 (the “Period”).

During the Period, the Company’s consolidated turnover amounted to approximately HK$20.3 billion, representing an increase of 16.4% as compared with the corresponding period last year, whereas profit attributable to owners of the Company was HK$2,648.6 million, representing an increase of 215.9% from that of the corresponding period last year. Basic earnings per share was HK$0.405. As at 30 September 2017, the total assets of the Group amounted to HK$58.9 billion, net gearing ratio was 52.1% and net assets per share was HK$4.41.

During the Period, the total sales volume of cement and clinker decreased by 2.5% to 58.4 million tons and the sales volume of concrete increased by 7.8% to 9.5 million m3 as compared with the corresponding period last year. The sales of cement, clinker and concrete accounted for 75.0%, 7.5% and 17.5% of the consolidated turnover of the Company respectively. Guangdong and Guangxi Provinces were still the Company's major markets, accounting for 40.1% and 28.9% of the total sales volume of cement respectively. During the Period, the blended average selling price of cement and clinker increased by 21.2% to HK$287.6 per ton, whereas the average selling price of concrete increased by 0.9% to HK$373.8 per m3.

During the Period, the consolidated gross margin increased by 4.3 percentage points to 29.6% as compared with the corresponding period last year. The gross margins of cement, clinker and concrete for the Period were 30.8%, 24.5% and 26.5% respectively.

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