Displaying items by tag: China Tianrui

China: China Tianrui Group Cement reported a year-on-year decline in its sales during 2022. The group recorded sales of US$1.61bn, down by 15% from US$1.85bn. Its net profit was US$65.1m, down by 63% from US$174m.

China: China Tianrui Group Cement settled a term loan facility on 9 January 2023. Reuters has reported the value of the facility as US$30m.

China: China Tianrui Group has forecast its full-year profit and total comprehensive income as US$187m - 218m in 2021. This corresponds to a 30 - 40% year-on-year decline from its US$312m profit and comprehensive income in 2020. The company attributed the expected decrease to a year-on-year rise in coal prices and decline in cement prices, the latter due to flooding-related demand disruptions in Henan Province.

China: China Tianrui Group has recorded first-half consolidated sales of US$883m in 2021, up by 9% year-on-year from US$809m in the first half of 2020. Cement sales volumes grew by 10.6% to 17.5Mt from 15.8Mt. Its profit attributable to owners was US$116m, up by 5% from US$111m. The group reported that the national cement industry recorded record production in the first half of 2021 however this slowed in May and June due to poor weather and increasing commodity prices.

China: China Tianrui Group Cement recorded consolidated sales of US$1.87bn in 2020, up by 1% year-on-year. ET Net News has reported that consolidated profit attributable to the owners rose by 2% year-on-year to US$286m.

China: China Tianrui Group has reported gross CO₂ emissions per tonne of cement of 910kg/t in 2019 in its latest sustainability report. Nitrogen oxide and particulate matter emissions were 7862t and 1380t, year-on-year decreases of 13% and 4% respectively. Its water consumption intensity decreased by 42% year-on-year to 1.12Mm3.

The group operates 20 clinker production lines and 59 cement grinding production lines. Its production capacity of clinker and cement was 28.4Mt tonnes and 56.7Mt respectively in 2019. Its plants are based in Henan, Liaoning, Anhui and Tianjin, with Henan and Liaoning accounting for the largest proportion.

China: China Tianrui Group’s net 2019 profit was US$256m, up by 50% year-on-year from US$171m. Sales rose by 20% to US$1.70bn from US$1.42bn. This was due to increased volumes and prices.

China: Tianrui Cement sales revenue rose by 19.5% year-on-year to US$1.5bn in 2018 from US$1.25bn in 2017. It attributed the growth to a 15% increase in the price of cement. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 15.3% to US$573m from US$497m. Its sales volumes of cement remained stable at 29.4Mt compared to 29.3Mt in 2017.

China: China Tianrui Group Cement has said that it expects that its 2015 net profit will drop by more than 30% year-on-year in 2015. It has blamed the downturn on China's economic slowdown that has reduced demand for cement and lowered the selling price. The cement producer didn’t release a figure for its expected net profit in 2015 but it reported a net profit of US$86.6m in 2014. It intends to release its full financial results for 2015 at the end of March 2016.

China: China Tianrui Group Cement Company has announced that its profit attributable to owners for the six months that ended on 30 June 2014 rose by 15.6% year-on-year to US$53.2m. Revenue was US$699m, an increase of 15.4% from a year earlier. The company's gross profit margin increased to 22.3% in the first half of 2014 from 21.6% in the first half of 2013, which was primarily due to the lower cost of sales and slightly higher cement sales prices.