On November 10, Xinjiang Guoyang New Energy Technology Co., Ltd. issued a tender announcement for the design, procurement and construction of the 1 million kilowatt photovoltaic project (EPC general contracting) in Midong District of Xinjiang.
On November 12, Fan Zhan, director of Conch Cement and head of Finance Department, said that in recent years, due to the continuous and deep adjustment of the real estate market, the slowdown of the growth rate of superimposed infrastructure investment, the weakening of demand in the cement industry and the aggravation of the contradiction between supply and demand in the industry, the price of cement has declined and is at a low level, resulting in a decline in the gross profit rate of the company's cement.
On November 12, Yu Shui, executive director, general manager and secretary of the board of directors of Conch Cement, said that in the first three quarters of 2025, affected by the deep decline in real estate investment and the sustained slowdown in infrastructure investment, the demand for cement continued to decline, the contradiction between supply and demand further increased, the market competition intensified, and the overall price of cement fluctuated lower, but thanks to the decline in coal costs, industry profits were significantly restored.
On November 12, Yu Shui, Executive Director, General Manager and Secretary of the Board of Directors of Conch Cement, said that in recent years, Conch Cement has adhered to the high-quality development route of "innovation-led, digital-enabled and green transformation", systematically promoting energy-saving and carbon-reducing technological transformation, clean energy use, alternative fuel application, carbon capture and resource utilization, etc. And use digital technology to enable environmental management in an all-round way.
CEMPI
102.83
-0.12 -0.12%
CONCPI
90.90
-0.14 -0.15%
CLKPI
111.83
+0.20 +0.18%
SPPI
45.05
-0.07 -0.16%
MORPI
73.32
-1.52 -2.03%
According to the introduction, in the first half of 2025, Conch Cement achieved an operating income of 2.94 billion yuan in overseas areas, accounting for 7.2% of the company's operating income; the company's total overseas assets amounted to 20.773 billion yuan, accounting for 8.2% of the company's total assets. In recent years, the contribution of overseas profits has steadily increased.