Huayuan Securities gives Anhui Conch Cement an "Overweight" rating, benefiting from decreased costs and a recovery in annual performance.

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Daily Economic News AI Express, Huayuan Securities released a research report on April 1 stating it gives Anhui Conch Cement(600585.SH,latest price: 23.27 yuan)a “Buy” rating. The main reasons for the rating include: 1) profit was somewhat repaired due to falling costs; the year-ago high base and impairments caused the fourth-quarter profit decline to widen; 2) the cement, clinker, and ready-mixed concrete segments contributed to positive year-on-year growth in performance, while further pressure increased for the aggregates business; 3) the decrease in revenue led to a higher expense ratio. Risk warning: macroeconomic recovery falls short of expectations, progress in non-cement businesses falls short of expectations, and fluctuations in raw material prices.

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(Reporter: Zeng Jianhui)

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Daily Economic News

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