Cement News tagged under: Dongwu Cement
Dongwu Cement chief investment officer resigns05 December 2022, Published under Cement NewsMr Chen Xuanlin has resigned as non-executive director and chief investment officer of Dongwu Cement International, effective from 2 December 2022. According to the company, Mr Chen is leaving to “pursue his career development and concentrate on his own business engagement.” “Mr Chen has confirmed that he has no disagreement with the Board and there are no matters with respect to his resignation that need to be brought to the attention of the shareholders of the company and The Stock E... |
Dongwu Cement sees revenue fall 26% in 1H2229 August 2022, Published under Cement NewsChina's Dongwu Cement International Ltd has reported revenue of CNY177.8m (US$25.9m) in the first half of 2022, down 25.7 per cent on the same period a year earlier. In terms of gross profit, a loss of CNY13.5m was seen in the 1H22, compared to a profit of CNY45.6m in the 1H21. According to the company, disruptions arising from the COVID-19 pandemic and subsequent quarantine measures had a significant adverse impact on the group’s revenue and financial performance over the six-month period.... |
Dongwu Cement reports surge in 6M profit27 August 2021, Published under Cement NewsDongwu Cement reported a 30 per cent rise in unaudited revenues to CNY227.8m (US$35.1m) in the first six months of 2021, up from CNY174.8m in the 6M20. The company’s gross profit margin of the cement segment advanced to 21.8 per cent in the 6M20 from 16.7 per cent in the year-ago period. Profit attributable to the company’s owners surged from CNY10.8m in the 6M20 to CNY25.6m in the 6M21. Dongwu Cement International Ltd is a limited liability company incorporated in the Cayman Islands a... |
Dongwu Cement sees 11% increase in revenue for 201926 March 2020, Published under Cement NewsChina’s Dongwu Cement has seen a 10.7 per cent increase in revenue to CNY571.15m (US$80.5m) in 2019, rising from CNY516.04m in the previous year. Profit declined 32.3 per cent YoY to CNY60.7m from CNY89.67m. "As a result of increases in both sales volume and price in China’s domestic cement industry, operating income of cement segment of the group in 2019 increased steadily as compared with the corresponding period of last year. The group recorded a profit of approximately CNY92,853,000 fr... |
Dongwu Cement to sell stake in wastewater treatment company18 December 2019, Published under Cement NewsChina’s Dongwu Cement has announced that its subsidiary, Xinhua Shanghai Investment Management Co, plans to divest its entire 62.26 per cent stake in Shanghai Biofit Environmental Technology Co. The total consideration for the divestment is estimated at CNY22m (US$3.14m). Shanghai Biofit and its subsidiaries are principally engaged in the treatment of organic wastewater and sludge, alongside the comprehensive treatment of urban organic waste. |
China's cement output rises by 6% in 1H1929 August 2019, Published under Cement NewsChina's total cement output rose by 6.8 per cent in 1H19 to 1.045bnt. This was the fastest growth in the last six years, even though cement supply was still constrained by the policies of 'staggering peak construction' and environmentally restrictive production'. National demand for cement saw a YoY increase of more than five per cent with the northern region showing the fastest growth. The pricing and supply-demand balance in northern China, particularly in Beijing, Tianjin and He... |
Dongwu Cement reports 12% rise in 1H profit28 August 2019, Published under Cement NewsDongwu Cement reported a turnover of CNY251.739m for the first six months of 2019, representing an increase of 14.7 per cent YoY, according to a company to the Hong Kong Stock Exchange. The company’s cement business posted a gross profit margin decreased to 20.7 per cent from 22.8 per cent in the 1H18. The profit attributable to Dongwu Cement’s owners increased to CNY32.219m in the first half of 2019, a 12.4 per cent advance on the CNY28.671m reported in the year-ago period. The company ... |
Executive Director of Dongwu Cement resigns21 August 2019, Published under Cement NewsPeng Cheng has resigned as the executive director of China-based Dongwu Cement, with effect from 20 August 2019. According to a statement, Mr Cheng has resigned to focus on his other business commitments, which require more attention. The board thanked Mr Peng for his contributions during his tenure and noted that he will remain as the director of certain subsidiaries of the company after his resignation. The company had previously announced a shortage of independent non-executive director... |
Dongwu raises US$6.70m in private placement17 February 2015, Published under Cement NewsDongwu Cement International Ltd has completed a private placement of 40m shares at a price of HKD1.30 ($0.16) per share for gross proceeds of HKD52m (US$6.70m). The company has agreed to issue up to 40 million shares at a price of HKD1.30 (US$0.16) per share to raise gross proceeds of HKD52m (US$6.70m) in a private placement. The placing shares represent approximately 7.81 per cent of the existing issued share capital of the company and 7.25 per cent of the issued share capital of the comp... |
Dongwu Cement placement of new shares26 January 2015, Published under Cement NewsChina-based Dongwu Cement said it agreed to place up to 40 million new shares at HK$1.3 apiece, representing a premium of about 3.17 per cent to the closing price of H$1.26. The placing shares represent around 7.25 per cent of the enlarged issued share capital of Dongwu Cement. The estimated net proceeds of about HK$51.3m will be used for acquiring 100 per cent equity interest in Shanghai Biofit Environmental Technology Co, Ltd and for general working capital of the group. |
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