HK Stock Market Move | WESTCHINACEMENT (02233) is currently up more than 4%. The company has signed a cooperation agreement with Huayun Zhiyuan and Huawei to jointly promote the intelligentization process of smart mines and cement plants.

WESTCHINACEMENT (02233) is currently up more than 4%, with a 4.02% increase at the time of publication, trading at 1.81 Hong Kong dollars with a turnover of 2854.39 million Hong Kong dollars. On the news front, on December 22nd, Sichuan Zigong Conveying Machine Group's wholly-owned subsidiary Huayun Zhiyuan signed a cooperation agreement with Huawei Technologies Limited and WESTCHINACEMENT on smart mine construction. The cooperation aims to promote the intelligent process of smart mines and cement plants, jointly create digital demonstration projects for traditional mines and cement plants, and promote the high-quality development of the mining industry. Huayun Zhiyuan and WESTCHINACEMENT also signed a sales contract for the intelligent mine construction project in Ethiopia, with a total contract amount of 2.08 billion yuan. It is reported that WESTCHINACEMENT has a strong presence in the three core African markets of Mozambique, the Democratic Republic of Congo, and Ethiopia, with profits being better than the industry under pressure from domestic demand. Changjiang previously pointed out that the cement industry as a whole faced pressure in the first half of the year, with WESTCHINACEMENT's performance declining slightly due to domestic pressure and overseas growth. The company's capacity layout is gradually improving, with overseas markets being the key source of growth.