(Hong Kong, 21 August 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 interim results for the six months ended 30 June 2020.
During the Period, the Company's consolidated turnover decreased by 3.0% over the corresponding period last year to approximately HK$16.88 billion. Profit attributable to owners of the Company increased by 11.3% over the corresponding period last year to HK$4.19 billion. Basic earnings per share was HK$0.600. As at 30 June 2020, the total assets of the Company amounted to HK$62.52 billion, the gearing ratio was 16.4% and the net assets per share was HK$6.15.
During the Period, the Company's total external sales volume of cement, clinker and concrete were approximately 35.95 million tons, 1.62 million tons and 5.43 million m3 respectively. The utilization rates of cement, clinker and concrete production lines during the Period were 86.6%, 100.4% and 30.4%. The blended average selling price of cement and clinker increased by 1.8% over the corresponding period last year to HK$378 per ton, whereas the average selling price of concrete decreased by 0.3% over the corresponding period last year to HK$492 per m3. The consolidated gross margin of the Company was 40.7%. The net margin was 25.0%, which was 3.1 percentage points higher over the corresponding period last year.
