HK Stock Market Move | WESTCHINACEMENT (02233) opened nearly 15% lower with an expected profit of only 85 to 148 million yuan in the second half of last year.

WESTCHINACEMENT (02233) opened nearly 15% lower, as of this writing, it has fallen 14.89% to HK$2.4 with a turnover of HK$11.72 million. On the news front, on the evening of March 4, WESTCHINACEMENT announced that it expects a net profit of between RMB 833 million and RMB 896 million for the fiscal year 2025, a year-on-year increase of 33% to 43%. It is worth noting that in the first half of 2025, the company's net profit attributable to owners reached RMB 748 million. Based on this calculation, the company's net profit in the second half of last year was about RMB 85 million to RMB 148 million. WESTCHINACEMENT stated in the announcement that the expected increase in net profit for the fiscal year 2025 is mainly due to the increase in overseas cement sales volume, the decrease in sales costs of mainland cement products, and the negative goodwill generated from the acquisition of shares in Cimenterie de Lukala SA.