Company Overview - Dongwu Cement International Limited is a cement and clinker manufacturer located in Wujiang, Suzhou, Jiangsu Province, and is the only cement producer in the region using a new dry production process [2] Financial Performance - As of December 31, 2024, Dongwu Cement reported total revenue of 207 million HKD, a year-on-year decrease of 27.23% - The company recorded a net profit attributable to shareholders of -54.29 million HKD, a year-on-year decrease of 60.52% - The gross profit margin stood at -6.23%, and the debt-to-asset ratio was 54.25% [1] Stock Performance - On August 18, the stock price of Dongwu Cement closed at 5.76 HKD per share, an increase of 25.76% with a trading volume of 7.73 million shares and a turnover of 42.57 million HKD - Over the past month, the stock has seen a cumulative increase of 83.2%, and a year-to-date increase of 78.21%, outperforming the Hang Seng Index by 25.97% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the construction industry is 10.94 times, with a median of 0.28 times - Dongwu Cement has a P/E ratio of -43.12 times, ranking 125th in the industry [1]

Group 1 - The cement stocks have mostly risen, with Dongwu Cement increasing by 22.93% to HKD 5.63, China National Building Material up by 11.4% to HKD 5.57, and Huaxin Cement Technology rising by 2.08% to HKD 1.96 [1] - Dongwu Cement announced a significant reduction in losses expected in the first half of 2025, attributed to the "anti-involution" policy in the domestic cement industry and a slowdown in overall market demand in China [1] - The company also reported gains from the sale of cement clinker capacity indicators, which will continue to be replaced by externally purchased clinker supply [1] Group 2 - Tianfeng Securities noted that cement prices continued to decline in July, with a national average of RMB 344 per ton, down RMB 44 per ton year-on-year and RMB 8 per ton since early July [2] - Many regions have seen cement prices reach or fall below cost lines, and rising coal prices have further increased profit pressures for companies [2] - In response, regions like the Yangtze River Delta and Hubei have begun to actively implement peak-shaving measures and raise prices by approximately RMB 30 per ton, with expectations for gradual recovery in profitability as demand enters the peak season [2]

Group 1 - Cement stocks mostly rose, with Dongwu Cement up 22.93% to HKD 5.63, China National Building Material up 11.4% to HKD 5.57, and Huaxin Cement up 2.08% to HKD 1.96 [1] - Dongwu Cement announced a significant reduction in losses expected in the first half of 2025, attributed to the "anti-involution" policy in the domestic cement industry and a slowdown in overall market demand [1] - The company also reported gains from the sale of cement clinker capacity indicators, which will be replaced by externally purchased clinker supply [1] Group 2 - In July, cement prices continued to decline, with a national average of RMB 344 per ton, down RMB 44 year-on-year and RMB 8 from early July [2] - Many regions have seen cement prices touch or fall below cost lines, compounded by rising coal prices, increasing pressure on corporate profits [2] - In response, regions like the Yangtze River Delta and Hubei have begun to actively stagger production and raise prices by approximately RMB 30 per ton, with expectations for gradual recovery in profitability as demand enters the peak season [2]

Core Viewpoint - Dongwu Cement (00695) experienced a significant stock price increase of over 25% during trading, with a cumulative rise of more than 100% in the month, reflecting positive market sentiment and expectations for improved financial performance [1] Financial Performance - The company anticipates a reduction in losses to approximately HKD 12.966 million in the first half of 2025, representing a year-on-year decrease of about 67.6% [1] - The expected decrease in losses is attributed to the "anti-involution" policy in the domestic cement industry, which has led to a stabilization and recovery in performance, as well as a slowdown in the overall market demand decline [1] Operational Factors - The company has benefited from the sale of cement clinker production capacity indicators, which generated revenue. These capacity indicators will continue to be replaced by externally purchased clinker supply [1]

Core Viewpoint - Dongwu Cement (00695) has seen a significant stock price increase, with a rise of over 25% in intraday trading and an overall increase of more than 100% in the month [1] Group 1: Company Performance - Dongwu Cement expects its losses in the first half of 2025 to decrease to approximately HKD 12.966 million, representing a year-on-year reduction of about 67.6% [1] - The reduction in losses is attributed to the "anti-involution" policy in the domestic cement industry, which has led to a stabilization and recovery in performance [1] - The slowdown in the overall market demand in China has also contributed to the easing of losses [1] Group 2: Market Dynamics - The company has benefited from the sale of cement clinker production capacity indicators, which has generated revenue [1] - The production capacity indicators will continue to be replaced by externally purchased clinker supply [1]

Group 1 - Hong Kong cement stocks experienced a significant rise, with Dongwu Cement leading the gains at over 17%, followed by China National Building Material at over 7% [1] - Other notable performers included Huaxin Cement with a 2% increase, and China Tianrui Cement, China Resources Cement Technology, and Jinyu Group all rising over 1% [1] - The report from China Galaxy Securities indicated that July was a seasonal off-peak period, with high temperatures and rain affecting downstream construction, leading to a decrease in national cement demand and an increase in clinker inventory [2] Group 2 - Dongwu Cement is expected to reduce its losses to approximately 12.966 million yuan for the six months ending June 30, 2025, compared to a loss of about 39.981 million yuan in the same period last year, representing a reduction of approximately 67.6% [3] - The industry outlook suggests that demand is expected to gradually recover in mid to late August, with a potential stabilization and rebound in cement prices [2]

Group 1 - The core viewpoint of the news highlights a significant rise in Hong Kong's cement and building materials stocks, with Dongwu Cement leading the surge with an increase of over 17% [1][2] - China Galaxy Securities reports that July is typically a seasonal low for cement demand, impacted by high temperatures and rain affecting downstream construction, leading to a decrease in national cement demand and an increase in clinker inventory [1] - It is anticipated that demand will gradually recover in mid to late August, potentially halting the decline in cement prices [1] Group 2 - Dongwu Cement expects its losses for the six months ending June 30, 2025, to decrease to approximately 12.966 million yuan, a reduction of about 67.6% compared to a loss of approximately 39.981 million yuan in the same period last year [1][2] - China National Building Material has received an increase in holdings by BlackRock, acquiring 10.7426 million shares [2] - Huaxin Cement is set to hold a board meeting on August 29 to approve its interim results, with Ping An Securities initiating a "recommend" rating based on its valuation level [2]

港股建材水泥股盘初拉升，其中，东吴水泥大涨超17%领衔，中国建材涨超7%，华新水泥涨2%，中国 天瑞水泥、华润建材科技、金隅集团涨超1%，海螺水泥涨0.4%。 消息上，中国银河证券研报表示，7月处于季节性淡季，高温雨水影响下游施工，全国水泥需求减少， 全国熟料线停窑率有所提升，但熟料库存继续增长，行业供需矛盾较大，水泥价格均呈下降态势。后续 来看，预计8月中下旬需求有望逐步回升，水泥价格有望止跌回涨。个股方面，东吴水泥公布，预期截 至2025年6月30日止六个月，亏损将减少至约1,296.6万元，而去年同期亏损约3,998.1万元，减幅约为 67.6%。 | 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 00695 | 东吴水泥 | 5.360 | 17.03% | | 03323 | 中国建材 | 5.350 | 7.00% | | 06655 | 华新水泥 | 13.550 | 1.96% | | 01252 | 中国天瑞水泥 | 0.315 | 1.61% | | 01313 | 华润建材科技 | 1.940 | 1.04% | | 02009 ...

本文源自：金融界AI电报 东吴水泥(00695.HK)公布，集团预期于2025年上半年的亏损将减少至约1296.6万港元，同比减少约为 67.6%。亏损减少主要是由于(i)国内水泥行业"反内卷"政策带动业绩缓和回升，以及中国整体市场需求 下降放缓;及(ii)出售水泥熟料产能指标取得收益(该等产能指标将持续以外购熟料供应替代)所致。 ...

Core Viewpoint - Dongwu Cement (00695) expects a reduction in losses to approximately HKD 12.966 million in the first half of 2025, representing a year-on-year decrease of about 67.6% [1] Group 1: Financial Performance - The anticipated reduction in losses is primarily attributed to the "anti-involution" policy in the domestic cement industry, which has led to a stabilization and recovery in performance [1] - The slowdown in the overall market demand in China has also contributed to the easing of losses [1] Group 2: Operational Changes - The company has generated income from the sale of cement clinker production capacity indicators, which will continue to be replaced by externally purchased clinker supply [1]