China Resources Cement : PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY REACHED HK$1,289.8 MILL...

(Hong Kong, 23 April 2021) - China Resources Cement Holdings Limited ('China Resources Cement' or the 'Company', SEHK stock code: 1313, and together with its subsidiaries, the 'Group'), a large-scale and competitive cement, clinker and concrete producer in Southern China, announced its unaudited financial information for the three months ended 31 March 2021 (the 'Period').<_o3a_p>

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During the Period, the Company's consolidated turnover amounted to approximately HK$8.5 billion, representing an increase of 52.1% as compared with the corresponding period last year, whereas profit attributable to owners of the Company was HK$1,289.8 million, representing an increase of 15.8% over the corresponding period last year. Basic earnings per share was HK$0.185. As at 31 March 2021, the total assets of the Company amounted to HK$67.8 billion, gearing ratio was 13.5% and net assets per share was HK$7.26.<_o3a_p>

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During the Period, the Company's total sales volume of cement and clinker increased by 65.0% to 19.5 million tons and the sales volume of concrete increased by 80.2% to 2.9 million m³. The turnover of cement, clinker and concrete accounted for 79.3%, 3.9% and 16.8% of the consolidated turnover of the Company respectively. Guangdong and Guangxi were still the Company's major markets, accounting for 38.6% and 32.7% of the Group's total sales volume of cement respectively. During the Period, the blended average selling price of cement and clinker was HK$362.2 per ton, whereas the average selling price of concrete was HK$500.0 per m³. During the Period, the consolidated gross margin of the Group decreased by 10.8 percentage points to 28.4% as compared with the corresponding period last year. The net profit margin was 15.0%.<_o3a_p>

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