Core Viewpoint - Western Cement (02233) has seen its stock price rise over 5%, reaching a historical high of 3.68 HKD, driven by its strategic overseas expansion amid declining domestic demand [1] Group 1: Company Strategy - The company initiated its overseas expansion strategy in 2020, starting with its first production line in Mozambique and expanding to one new country each year [1] - By the end of 2024, Western Cement will have established operations in Mozambique, the Democratic Republic of the Congo, Ethiopia, and Uzbekistan, demonstrating a strong commitment to international growth [1] Group 2: Financial Performance - The projected gross profit per ton for overseas operations in 2024 is 288 RMB/ton, significantly higher than the domestic gross profit of 42 RMB/ton, indicating a robust overseas profit margin strategy [1] - In June 2025, the company plans to sell its Xinjiang cement assets for 1.65 billion RMB, which will help alleviate debt pressure and support ongoing overseas expansion projects [1]
港股异动 | 西部水泥(02233)涨超5%再创新高 海外单吨毛利远高于国内 公司坚定推进出海战略