China Resources Cement Holdings ( (HK:1313) ) has issued an update.
China Resources Cement Holdings reported a 3.4% decrease in turnover for the first quarter of 2025 compared to the same period in 2024, with turnover figures dropping from RMB 4,788.4 million to RMB 4,626.9 million. Despite the decline in turnover, the company achieved a profit attributable to owners of RMB 107.0 million, a significant improvement from a loss of RMB 28.9 million in the previous year. The company’s gross profit increased to RMB 755.4 million, and there was a slight increase in equity attributable to owners, reflecting a stable financial position. The announcement highlights a positive turnaround in profitability, which could strengthen the company’s market positioning and offer reassurance to stakeholders.
More about China Resources Cement Holdings
China Resources Cement Holdings is a company incorporated in the Cayman Islands, primarily involved in the building materials industry. The company focuses on the production and distribution of cement and related products, serving various construction and infrastructure sectors.
YTD Price Performance: 5.71%
Average Trading Volume: 10,000
Technical Sentiment Signal: Buy
Current Market Cap: $1.56B
Learn more about 1313 stock on TipRanks’ Stock Analysis page.