Anhui Conch Cement Co Ltd Class A
600585: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.> | LOCK|Kkp | LOCK|vpj<>^& |
Anhui Conch Cement Earnings: Lower Cement Prices Drag Margins, but Demand Recovery Supports Outlook
Anhui Conch Cement's revenue and gross profit decreased 4% and 35% year on year, respectively. Gross margin narrowed to 17.0% from 25.1% a year ago due to subdued cement selling prices and increased coal costs. Operating profit also plunged 89% amid higher marketing spending.
