HK Stock Market Move | WESTCHINACEMENT (02233) opens nearly 9% higher. It is expected that the net profit in the first half of the year will increase by approximately 80% to 100% compared to the same period last year.

WESTCHINACEMENT (02233) opened nearly 9% higher, as of the time of writing, it has increased by 8.79%, reaching 1.98 Hong Kong dollars, with a turnover of 16.5092 million Hong Kong dollars. On the news front, WESTCHINACEMENT announced a profit increase, expecting that the company's attributable surplus for the six months ending June 30, 2025, will increase by about 696 million to 774 million Chinese yuan, compared to about 387 million Chinese yuan in the same period last year, an increase of about 80% to 100%. This is mainly attributed to a 230% increase in overseas cement sales volume, driving overseas cement revenue to reach 1.88 billion yuan; an increase in average selling price in China and a decrease in sales costs, leading to a 48% increase in cement sales gross profit to 420 million yuan; obtaining a surplus of approximately 97.7 million yuan from the sale of properties; and reversing impairment losses of 115 million yuan.