HK Stock Market Move | Huaxin Cement (06655) rose nearly 4% as international expansion continued to accelerate in the first half of the year, with overseas business income growing rapidly.

Huaxin Cement (06655) rose nearly 4%, rising 3.72% as of press time, at HK$14.48, with a turnover of HK$98.86 million. On the news front, according to Cement Network, as of now, Huaxin Cement's overseas cement grinding capacity exceeds 35 million tons/year, with clinker production capacity exceeding 26 million tons/year, making it the Chinese company with the largest overseas clinker production capacity. According to statistics from the Big Data Research Institute of China Cement Network, the top three overseas clinker production capacities are Huaxin Cement (26.2 million tons/year), Taiwan Cement (18.04 million tons/year), and Anhui Conch Cement (16.46 million tons/year). In the first half of this year, Huaxin Cement achieved revenue of 16 billion yuan, a decrease of 1% year-on-year, and a net profit attributable to the parent company of 11.0 billion yuan, an increase of 51% year-on-year. The company's cement business achieved operating income of 9.15 billion yuan. Among them, the revenue from overseas cement business was 4.13 billion yuan, a year-on-year increase of 15%. EB SECURITIES pointed out that in the first half of the year, Huaxin Cement's international layout continued to accelerate, and its overseas business revenue and cement sales volume achieved rapid growth, enabling the company to achieve revenue growth in the background of a sluggish domestic cement industry. Looking ahead to the second half of the year, it is expected that the scale of the company's overseas business will further expand, bringing new sources of revenue and profit contributions to the company.