ANHUI CONCH CEMENT(600585)：ANNOUNCES INTERIM PROFIT DISTRIBUTION PLAN;SALES VOLUME OF MAIN BUSINESS LARGELY FLAT YOY IN 1H25

Gross profit per tonne of cement and clinker recovers YoY and QoQ. We estimate that the unit price of the firm's self-produced cement and clinker rose Rmb4 YoY to Rmb244 in 1H25, and the unit cost fell Rmb13 YoY to Rmb174. Specifically, its unit fuel cost fell Rmb15 YoY, possibly due to falling coal prices. On a quarterly basis, we estimate gross profit per tonne of the firm's self-produced cement and clinker may rise over Rmb20 YoY and about Rmb9 QoQ in 2Q25. Signs Xinjiang project for cement business; opt ...