Summary by Moomoo AI
Asia Cement's revenue in China for the fiscal year 2024 decreased by 21% year-on-year to 5.885 billion yuan, reporting a net loss of 0.263 billion yuan after transitioning from profit to loss, with a basic loss per share of 0.168 yuan. The Board of Directors has proposed not to distribute a final dividend for the fiscal year 2024.Due to the reduction in Real Estate Investment and the slowdown of CSI Construction & Engineering Index projects, the group's cement sales declined by 10.4% year-on-year to 21.561 million tons, while clinker sales increased by 17.3% to 2.391 million tons. The gross margin dropped from 14% in the same period last year to 10%, mainly due to a decrease in product selling prices, despite a decline in Coal costs...Show More
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