China’s cement industry profits fell by 67.6% in Q1 2015 compared to the same period of 2014 US$520.88 million (CNY 3.23 billion), while total sales value fell by a far more modest 6.86% to $28.98 billion (CNY 177.2 billion). Further figures released by the National Bureau of Statistics (NBS) revealed that the Chinese cement industry’s profit margin fell by 3.42% to 1.82%.
NBS figures by national province showed that Shanxi Province and Hebei Province recorded a loss of $94.86 million (CNY 580 million) and $209.34 million (CNY 1.28 billion) respectively, while Sichuan Province, Jiangsu Province and Guangxi Province realised a profit of $163.55 million (CNY 1 billion), $170.09 million (CNY 1.04 billion) and $204.44 million (CNY 1.25 billion) respectively. Profit of the southern provinces of the country plunged by 41% to $1.21 billion (CNY 7.4 billion), while the northern provinces saw a loss of $686.91 million (CNY 4.2 billion).
