77 million yuan in first half of Huaxin cement fell 61%

NetEase Finance July 23 News Huaxin Cement Friday evening in Shanghai released 2010.5 Annual report.　　In the first half of 2010, the net profit of Huaxin cement was 77.0662 million yuan, down 61.4% from a year earlier, and 0.19 yuan per share, down 61.22%. The semi-annual report showed that in the reporting period, huaxin Cement and clinker sales of 13.08 million tons, the same period last year, increased by 1.72 million tons, an increase of 15.08%, to achieve the operating income of 3,259,292,694 yuan, year-on-year increase of 3.44%; cement average price 228.46 yuan/ton (excluding tax), Decreased by 19.32 yuan/ton from a year earlier; the operating profit rate for cement sales was 14.31%, down 8.37% from a year earlier, with a total profit of 123,523,645 yuan, down 54.2% from a year earlier, and a net profit of 77,066,228 yuan attributable to the parent company's owner.　　Fell 61.4% from a year earlier. In the reporting period, huaxin cement concrete mixing Station 2 new, new capacity 400,000 side/year.　　The first half of the company sales of concrete 687,500, an increase of 59.98% per cent, the realization of 182,290,167 yuan revenue, growth of 54.3%, the total profit of 28,946,638 yuan, an increase of 106.51%. During the reporting period, huaxin cement AFR environmental protection business made new progress.　　Yichang in Zigui year treatment of Three Gorges floating 100,000-party project has been completed, Wuxue daily treatment of 200 tons of domestic waste pretreatment plant Project has commenced, is expected to be completed by the end of. Huaxin Cement said that in the first half of 2010, coal prices rose, cement fuel costs remain high, although the subsidiary waste Heat power generation projects have been put into operation, cement power costs have decreased, but the cement cost is still higher than the same period last year, cement and Clinker unit sales cost increased by about 4 yuan/ton At the same time, the impact of a sharp drop in cement prices (down 19.32 yuan/ton), the company's gross margin from last year's 21.7% down to 15.3% this year, down 6.4%.