Jidong cement net profit increased by 30% in the first three quarters

Recently, Jidong Cement disclosed a performance report that showed that operating income was RMB 12.034 billion in the first three quarters, an increase of 50.31% year-on-year; net profit was RMB 1.42 billion, an increase of 29.43% year-on-year. The main reason for the increase in performance was that the Jidong Cement new construction project was put into production one after another, the scale of production and operation was expanded, and the production and operation management was strengthened. The level of production and operation increased, and the production and sales volume increased.

In addition, Jidong Cement continued to promote the development strategy of “regional leadership”, further improved the effectiveness and level of marketing management, and tapped potential markets. In addition, the average price of cement rose due to the impact of the country’s elimination of outdated production capacity and energy conservation and emission reduction policies. At the same time, Jidong Cement strengthened its cost control, and through the promotion of the supply integration system in the region, it reduced the overall procurement costs and inventory costs. The increase in income was higher than the increase in cost, and the gross profit margin increased year-on-year. Jidong Cement also emphasized that the growth in performance has benefited from the year-on-year increase in VAT rebates for the comprehensive utilization of resources.