HK Stock Market Move | WESTCHINACEMENT (02233) rose by more than 6% again, the company continues to promote capacity integration, overseas expansion is expected to contribute to greater performance growth.

WESTCHINACEMENT (02233) rose more than 6% again. As of press time, it rose by 5.19% to HK$2.84, with a turnover of HK$90.836 million. On the news front, WESTCHINACEMENT's interim results show that it achieved revenue of 5.4 billion in the first half of the year, a year-on-year increase of 46%; achieved net profit of 750 million, a year-on-year increase of 93%. The company achieved sales volume of 10.82 million tons in the first half of the year, a year-on-year increase of 23.6%. Changjiang pointed out that overseas markets are the core growth area. During the period, overseas market sales volume increased by 178% to 4.17 million tons. It is worth noting that the company announced the acquisition of 1.2 million tons of cement capacity in the Congo during the reporting period; and sold all its operations in Xinjiang to Anhui Conch Cement, totaling 3.5 million tons of cement capacity. The bank pointed out that the African cement market has a large market space, high prosperity, and profitability far exceeds that of domestic markets. It is a new blue ocean market for domestic companies to go international. The company currently has several ongoing/planned projects in the African market, and expects these projects to contribute to greater performance growth after they are completed and put into operation.