(Hong Kong, 24 April 2020) – 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 2020 (the "Period").
During the Period, the Company's consolidated turnover amounted to approximately HK$5.6 billion, representing a decrease of 25.5% as compared with the corresponding period last year, whereas profit attributable to owners of the Company was HK$1,113.7 million, representing a decrease of 25.2% over the corresponding period last year. Basic earnings per share was HK$0.159. As at 31 March 2020, the total assets of the Company amounted to HK$59.2 billion, gearing ratio was 19.1% and net assets per share was HK$6.05.
During the Period, the Company's total sales volume of cement and clinker decreased by 27.8% to 11.8 million tons and the sales volume of concrete decreased by 38.3% to 1.6 million m3. The turnover of cement, clinker and concrete accounted for 81.6%, 3.8% and 14.6% of the consolidated turnover of the Company respectively. Guangdong and Guangxi were still the Company's major markets, accounting for 39.4% and 31.7% of the Group's total sales volume of cement respectively. During the Period, the blended average selling price of cement and clinker was HK$403.4 per ton, whereas the average selling price of concrete was HK$513.5 per m3. During the Period, the consolidated gross margin of the Group increased by 1.3 percentage points to 39.2% as compared with the corresponding period last year. The net profit margin was 19.7%.
