Cement News tagged under: Anhui Conch Cement
Conch Group to issue short-term bills, China03 April 2013, Published under Cement NewsThe Anhui Conch Group said it plans to issue CNY1.5bn (US$241m) in unsecured bills with a maturity of 365 days on the inter-bank market next week. The company said in a statement that this batch of bills will be issued on the 10 April 2013 at face value and the coupon rate determined during the the process of bookbuilding, China Knowledge Press reports. Agricultural Bank of China has been hired as book runner and lead underwriter for the offering and China Construction Bank Co will be ... |
Anhui Conch net profit hit by weaker prices, China25 March 2013, Published under Cement NewsAnhui Conch reported a 45.6 per cent in net profit for 2012 due to weaker average selling prices. The company reported net profit of CNY6.31bn (US$1bn) last year as average prices slipped to CNY245/t from CNY308/t a year ago. Operating revenue dropped 6.41 per cent per cent YoY to CNY45.06bn in 2012. The company sold 187Mt of clinker and cement last year, reflecting a growth of 18.33 per cent YoY. Conch added 20.8Mta of clinker production capacity and 28.3Mta of cement production capa... |
Anhui Conch to issue bonds, China01 November 2012, Published under Cement NewsAnhui Conch Cement Co Ltd has been given the greenl ight by China Securities Regulatory Commission to issue no more than CNY6bn (US$2.13bn) of 10-year corporate bonds publicly. The proceeds from the issuance will be used to replenish working capital and repay bank loans. |
Anhui Conch 3Q12 net down, China25 October 2012, Published under Cement NewsAnhui Conch Cement said its net profit attributable to equity shareholders dropped 66.75 per cent YoY to CNY1.02bn (US$163m) for the third quarter ended 30 September 2012. Operating revenue was CNY11.69bn, representing a 7.6 per cent decline from a year earlier. Operating profit dropped 69 per cent to CNY1.23bn. For the first three quarters of 2012, net profit fell about 57 per cent YoY to CNY3.94bn. |
Chinese prices climbs for third time in September28 September 2012, Published under Cement NewsCement price in the south China has just climbed for the third time in September, according to local press reports. Traditionally, the fourth quarter is the peak season for south China cement industry with quarterly demand accounting for more than one third of full-year demand. It has been reported that the clinker inventories of leading cement firms in south China like Anhui Conch, and TCC Int’l Holding have already dropped below 55 per cent. |
Anhui Conch Cement reports 51% plunge in 1H profit15 August 2012, Published under Cement NewsAnhui Conch Cement announced yesterday that its net profit in the first half fell 51.33% YoY to CNY2.92bn (US$462m) under Chinese accounting rules, due to sharp declines in cement prices amid weak demand. Earnings per share were CNY0.55 during the period, down 51.33 per cent YoY, said the company in its interim report. Operating revenue dropped 8.22 per cent YoY to CNY20.3bn in the first half. The company's gross profit margin declined 15.70 percentage points to 27.09 per cent in the p... |
Anhui Conch to issue corporate bonds, China06 July 2012, Published under Cement NewsAnhui Conch Cement said on Wednesday that its board of directors has approved its plan to issue up to CNY6bn worth of corporate bonds with a maturity of no more than 10 years. Proceeds from the issuance will be used to replenish working capital and adjust debt structure. (Source: China Business Newswire). |
Conch Cement to buy in Xinjiang Qingsong non-public issuance04 June 2012, Published under Cement NewsXinjiang Qingsong Building Materials and Chemicals (Group) Co announced that it has signed a framework agreement with Anhui Conch Cement Company that the latter would buy 150 million shares the former has sold in a non-public offering at CNY13.53 each or over CNY2bn in total. Upon the agreement, Conch Cement will support Xinjiang Qingsong in technology, man-agement, project construction and market integration of cement business, stepping up cement market integration in the region where they... |