China Resources Cement : PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY REACHED HK$3,633.5 MILL...

(Hong Kong, 13 August 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 interim results for the six months ended 30 June 2021 (the 'Period').

During the Period, the Company's consolidated turnover increased by 19.5% over the corresponding period last year to approximately HK$20.2 billion. Profit attributable to owners of the Company decreased by 13.3% over the corresponding period last year to HK$3.6 billion. Basic earnings per share was HK$0.520. The interim dividend was HK$0.240, with a dividend payout ratio of 46.1%. As at 30 June 2021, the total assets of the Company amounted to HK$69.6 billion, the gearing ratio was 13.4% and the net assets per share was HK$7.37.

During the Period, the Company's total external sales volume of cement, clinker and concrete were approximately 41.6 million tons, 2.0 million tons and 7.0 million m3 respectively. The utilization rates of cement, clinker and concrete production lines during the Period were 97.2%, 108.2% and 39.1%. The blended average selling price of cement and clinker increased by 0.8% over the corresponding period last year to HK$381 per ton, whereas the average selling price of concrete increased by 2.6% over the corresponding period last year to HK$505 per m³. The consolidated gross margin of the Company was 31.1% and the net margin was 18.0%.

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