China based Anhui Conch Cement posted a 35.5 per cent drop in revenue to CNY91.03bn (US$12.55bn) in 2024 when compared with 2023. The gross profit margin slipped by 0.52 percentage points to 24.5 per cent. The annual net profit fell 24.7 per cent YoY to CNY8.05bn.
The company attributed the decreases to weaker demand and falling prices as China’s economic deceleration and property downturn affected cement and clinker sales. Anhui Conch’s sales volume was down 7.5 per cent YoY to 271Mt.
In 2025, the company expects to see cement and clinker sales of 268Mt, with production and cost levels to remain broadly stable.
