The revenue of the cement duo is released! Taiwan Cement’s October revenue was 16.357 billion yuan, Asia Cement 5.431 billion yuan

TCC announced today that its revenue in October was 16.357 billion yuan, an annual increase of 17.83%; the cumulative consolidated revenue from January to October was 129.405 billion yuan, an annual increase of 4.93%.

The revenue of the cement duo is released! Taiwan Cement (1101) announced today that its revenue in October was 16.357 billion yuan, an increase of 17.83% year-on-year. The cumulative consolidated revenue from January to October was 129.405 billion yuan, an increase of 4.93% year-on-year. The growth mainly came from the energy and energy storage business. The cement business also benefited from the rebound in volume and price in the Chinese market and the steady growth of the Portuguese cement market. Revenue increased compared with the same period last year.

Among them, the cross-strait cement business increased by 629 million yuan in October, and the cumulative revenue from January to October increased by 2.611 billion yuan compared with the same period last year. The overall demand in the Chinese market is still slow. However, demand increased after the National Day holiday and prices rebounded. Cement sales in October increased compared with the same period last year, driving the revenue for that month to also increase. In the Taiwan market, affected by mortgage restrictions, housing market policies, and competition from imported low-price cement, demand is still slow.

In terms of new energy business, the cumulative revenue in October and January to October increased compared with the same period last year. Among them, NHOA benefited from the increase in the number of cases of its NHOA Energy energy storage project (EPC), which drove revenue growth and became one of the main growth drivers in October. Taiwan Cement recycled lithium battery shipments increased, and the cumulative revenue in October and January to October also increased compared with the same period last year.

Asia Cement (1102) today announced consolidated revenue of 5.431 billion yuan in October, a year-on-year decrease of 6.9%; cumulative consolidated revenue from January to October was 55.845 billion yuan, a year-on-year decrease of 5.3%.

Asia Cement (1102) said that its revenue in October decreased by 6.9% compared with the same period last year, mainly affected by cross-strait cement sales performance and changes in Taiwan's ready-mixed concrete business. In the Taiwan market, sales of cement and ready-mixed concrete decreased, coupled with reduced electricity revenue, revenue fell by 9% year-on-year; in the Chinese market, due to a 3% year-over-year increase in cement selling prices, sales volume decreased by 14% year-on-year, and revenue fell by 3% year-on-year.

Compared with September, revenue in the Taiwan market fell by 27% monthly, mainly due to the simultaneous decline in the volume and price of ready-mixed concrete and the decrease in reinvestment income. In the Chinese market, although cement sales decreased by 6%, the selling price further increased by 7%, driving revenue to increase by 1% monthly, showing that the price recovery has certain support for revenue.