Hebei East cement production capacity expansion rapid growth

Jidong Cement (000401) three quarterly results show that the company achieved operating income of 8 billion yuan in the first three quarters of this year, an increase of 64.3%, net profit of 1.1 billion yuan, growth of 48.2%, after a full dilution of earnings per share 0.9 yuan, net assets yield of 15%. As the largest cement manufacturer and supplier in North China, Jidong Cement has been implementing the strategic policy adjustment gradually since 2007, from the original "three North" development strategy quickly adjusted for the regional leading strategy, the company has a number of new dry cement production lines completed and put into production. According to company planning, 11 production lines will be put into production by 2011, and the cumulative contribution of cement production capacity is about 20 million tons.　　The next two years will be the concentration of production capacity release period, the expected production and sales of composite growth rate of about 40%. Industry insiders said that the cement industry's "Twelve-Five" plan to complete the first draft at the end of September, plans to report to the Ministry of Technology before the end of the year.　　"Twelve-Five" period, the cement industry will shift to a deep level of industrial restructuring and upgrading of industrial optimization, to 2015, the first 10 enterprises cement production reached the national output of more than 35%. Some analysts believe that Jidong Cement as a national leading cement enterprises, will face large-scale, regional development of an important opportunity. "Twelve-Five" period, Jidong Cement as one of the leading cement market in the north, will undoubtedly fully benefit from this policy to promote the positive.