Net profit of Huaxin Cement in 2013 is expected to grow by 105 to125%

Byzhangli

Updated Thu, 23 Jan 2014 00:00:00 GMT

The net profit of Huaxin Cement in 2013 is expected to grow beyond expectations with growth rate reaching105-125%. The company had previously revealed in its third quarterly report that the accumulated net profit from January to December in 2013 is expected to grow by around 50% year on year.

The company said that the great enhancement in the company operational efficiency in 2013 is mainly due to two aspects, one is that the company has been adhering to the production policy of maintaining high equipment operation rate, and increasing sales of cement products by 20% through measures like channel change and improving the proportion of direct sales; Another is reducing the cost of procurement, logistics and factory repair and production consumption, therefore, product cost of the company significantly decreased on a year-on-year basis.

In addition, according to the data of the third quarterly report, the company achieved earnings per share standing at 0.60 yuan in the first three quarters, which means that the company realized at least doubled growth compared to the previous quarter. Relevant responsible person of the company said that shipment of the cement industry was seasonal, relatively speaking, the first quarter is the slack season while the second half of the year is overall better.