China Shanshui Cement Group Limited reported 2014 revenue of RMB15 596 million, a decrease of 5.7% from 2013. Net profit attributable to equity shareholders fell 65.8% to RMB348 million. Sales volumes of cement were 53.146 million t, down from 53.422 million t in 2013, clinker volumes fell to 9.818 million t from 9.218 million t, while sales of concrete rose to 3.471 million m3 from 2.864 million m3 in 2013. The selling price of cement and clinker fell, while the price of concrete rose. EBITDA was RMB3172 million, down from RMB3799 million.
The company’s production facilities are principally located in Shandong Province, Liaoning Province, the eastern part of Inner Mongolia, Shanxi Province, the northern part of Shaanxi Province and Kashi region in Xinjiang Province. At the end of 2014, the company had a total cement production capacity of 102.60 million t and clinker production capacity of 48.93 million t.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/31032015/china-shanshui-cement-reports-2014-results-613/