West China Cement hits 14-year peak on robust earnings estimates

West China Cement

24/07/2025 03:13

** Shares of West China Cement 2233.HK jump 18.1% to HK$2.15, their highest since August 2011

** The Chinese cement producer expects its net profit for six months ended in June to jump 80%-100% y/y to a range of 696.4 mln - 773.8 mln yuan ($97.35 mln - $108.17 mln), as overseas cement revenue surges

** The Hong Kong-listed company, with current market capitalisation of $1.39 bln, says overseas cement sales volume increased 230% y/y to 3.8 mln tons during the six months period

** Hang Seng Commerce & Industry Index .HSNC climbs 0.1%, benchmark Hang Seng Index .HSI adds 0.2%

** YTD, stock up 26.6%

($1 = 7.1533 yuan)

($1 = 7.8497 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))