HK Stock Market Move | WESTCHINACEMENT (02233) rose more than 6% in early trading. The company has reached a strategic cooperation with the hydropower and electrical contractor, jointly expanding emerging markets in Africa, Central Asia, and other regions.

WESTCHINACEMENT (02233) rose over 6% in early trading, and as of the time of writing, it was up 5.25% at 3.41 Hong Kong dollars, with a trading volume of 155 million Hong Kong dollars. On the news front, on October 14, WESTCHINACEMENT signed a strategic cooperation agreement with Hydropower Three Bureau. The future cooperation will focus on three main directions: first, to build a localized supply chain to serve projects such as the Shaanxi Pumped Storage Power Station; second, to promote synergy between "overseas projects + local production capacity", combining Hydropower Three Bureau's engineering advantages in Guinea, the Philippines, Central Asia, etc., with WESTCHINACEMENT's production capacity in Africa and Central Asia; and third, to jointly build a cooperation platform to deepen cooperation in specific projects in Angola, Congo (Kinshasa), Mozambique, etc., and contribute to the high-quality development of new era energy construction and building materials industry. Changjiang previously pointed out that it expects overseas expansion to bring greater medium-term resilience. The African cement market is large with high prosperity and profitability far exceeding that of domestic markets. It is a new blue ocean market for domestic companies going global. The company currently has several projects under construction/planning in the African market, and it expects these projects to contribute to larger performance increments once they are put into operation one by one.