Conch Cement Four quarter gross profit margin will create new record

Conch Cement (600585) SH) Securities Representative Yang Kaifa November 16 told reporters on the phone, following the three quarter hit 29.19% of the gross profit margin, "this year's four-quarter gross margin is certainly higher." He said one is because the four quarter is the traditional peak in east and South China, and the second is because the company raised prices. "September, October Conch Cement in the country to mention a price, price increases in 10 yuan/ton, 20 yuan/ton to 50 Yuan/ton."　　"In addition," after the first half of the new 7 Nissan 5000 tons of clinker production line, the second half of the new 4-5 production lines ", but he declined to disclose the specific geographical location and capacity design and other information.　　Zhang Peng, Guotai, commented in a telephone interview that the Conch Cement four quarterly results are expected to exceed expectations due to the dual drive of price and capacity. Since November, cement prices have risen more than expected. Citic Securities Pan Jianping in the latest research report that in the week from November 8 to 14th, the price of Shijiazhuang cement in north China rose 80 yuan/ton. From marketing and corporate feedback, the main reason for the increase in prices is affected by the power cuts in Henan and Shanxi, the price increase conduction to Shijiazhuang area, east China rose 20-80 yuan/ton, East China Cement station to 400 yuan/ton above, Jiangsu's Suzhou and Wuxi often in the market floor price up to 500 yuan/ton.　　Although prices continue to climb, the East China Cement Enterprise inventory is still zero state.　　According to the latest results of conch Cement, the eastern region and the southern region accounted for conch cement main revenue ratio of 37% and 24% respectively. Conch Cement three quarter gross profit margin 29.19%, than the first half of the 3.96% increase, increased by 0.55%.