Conch Cement's Q3 revenue fell by 32.89% year-on-year, with net income also decreasing by 15.13%. | Financial Report Watch
In the third quarter, due to the dual decline in sales volume and prices of cement business products, the company's revenue and profit both saw a double-digit year-on-year decrease.
Net income declined by more than 74 times, with a loss of 3.7 billion in the first three quarters, xinjiang tianshan cement, the leader in the cement industry, still has 6 billion outstanding bonds.
①The structural overcapacity contradiction in the cement industry remains prominent. ②Analytical viewpoints suggest that the company faces potential risks of accounts receivable, inventory, and goodwill impairment.
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Tonight, ten listed companies have announced that they will suffer a huge loss of over one billion yuan in the first half of the year, with the highest loss reaching 3.5 billion yuan, and investment losses amounting to 0.17 billion yuan. Quick read announ
①Tonight, 10 listed companies announced billion-yuan losses, with building materials and broadcasting and television sectors being hit hardest. ②Xinjiang Tianshan Cement announces maximum expected losses of 3.5 billion yuan in the first half of the year, while ST Xigang predicts losses of 294 million yuan. Guizhou BC&TV Information Network and ST Guangwang are expected to face maximum losses of 490 million yuan and 370 million yuan respectively. ③Konka Group Co.,LTD predicts maximum losses of 1.18 billion yuan, with fair value change loss of around 170 million yuan caused by price changes in trading financial assets.
Investment in water conservancy construction increased by more than 90% in the first quarter, and industry prosperity is expected to continue to rise
In the first quarter, 23,500 water conservancy projects were implemented nationwide, and the scale of construction was 4.7 trillion yuan, up 15.8% and 12.3% respectively over the same period last year. Among them, 9683 new water conservancy projects were started, with an investment scale of 473.3 billion yuan, an increase of 33.8% and 47.6% respectively over the same period last year. In particular, 687 new water conservancy projects with a total investment of more than 100 million yuan were started, an increase of 94.6% over the same period last year.
The Ministry of Water Resources further promotes investment and financing reforms, and water conservancy investment is expected to become an important driving force this year
① The Ministry of Water Resources will further push forward the reform of water conservancy investment and financing, and jointly promote reforms in water prices, market-based water rights transactions, water conservancy project management systems, etc., and further broaden long-term funding channels for water conservancy construction. ② Tianfeng Securities expects that with financial support, infrastructure investment such as water conservancy will become an important driving force, focusing on the pace of implementation and promotion of large-scale water conservancy projects in key regions.