Conch Cement net sales of cement clinker self-produced products in the first three quarters of 2021 were 235 million tons. The company will focus on the annual business targets and tasks and do its best to ensure effective production and operation.
According to the report for the third quarter of 2021 released by Conch Cement on October 28, the company achieved operating revenue of 41.278 billion in the third quarter of 2021, a drop by 17.46% year-on-year; the net profit attributable to shareholders of listed companies was 7.439 billion yuan, drop by 14.09% year-on-year.
In the first three quarters of 2021, the operating revenue was 121.711 billion yuan, with a year-on-year decrease of 1.89%; the net profit attributable to shareholders of listed companies was 22.39 billion yuan, a year-on-year decrease of 9.50%.
According to the analysis of a researcher from the Cement Big Data Research Institute of China Cement Net, in the first half of the year, the sales of Conch Cement's main business products such as cement clinker increased, and the operating revenue has also increased year-on-year. In the third quarter, the cement production has dropped in some business regions due to the dual control of energy consumption, so that the overall revenue has dragged down, the production cost has increased, and the revenue and profit has both decreased.
In the third quarter of 2021, the company has actively expanded while consolidating its main business, made appearance in the capital market frequently, and established a new material industry investment fund in a joint venture with China National Building Material Private Equity Fund to enter the new material industry; completed the wholly-owned acquisition of Conch New Energy Company and entered the fields of photovoltaic power generation, wind power generation and energy storage technology; made acquisition of Yatai Group, accelerated the deployment of the Northeast market and invested in Shangfeng Cement to improve the control of the East China market. Overall, Conch Cement has always been at the forefront of seeking transformation as well as upgrading and exploring the road of sustainable development.