On the 28th, major enterprises in Yinchuan took the lead in notifying the increase of cement price by 20 yuan/ton, and the implementation remains to be observed.

2024-08-30

Relevant data show that the industry lost about 1.2 billion yuan in the first half of the year, with sales falling by 11%. Conch Cement: In the first half of the year, the Company achieved an operating income of RMB45.566 billion, representing a year-on-year decrease of 30.44%, and a net profit of RMB3.326 billion, representing a year-on-year decrease of 48.56%. Tapai Group: achieved operating income of RMB1.976 billion, representing a year-on-year decrease of 31.17%; net profit attributable to shareholders of the listed company was RMB226 million, representing a year-on-year decrease of 53.43%. It is expected that with the arrival of the traditional peak season of cement sales, the demand side will be better in the second half of the year than in the first half, and the price side is expected to continue to repair.

2024-08-30

What is happening in the cement industry?

2024-08-30

According to the big data of China Cement Network, the price of cement in central Hebei has almost always been the highland of Hebei since this year, among which Baoding ranks first in Hebei. At the same time, the special terrain and the relatively high price make Jizhong become the coveted cement enterprises of the surrounding parties. Although there are six cement clinker enterprises in Baoding, which are mainly concentrated in three brands, it is difficult to control the price trend. Local cement enterprises in Tangshan have also said that Baoding and other Jizhong markets account for a large proportion of enterprise sales.

2024-08-29

The purchase cost of coal, electricity and other energy consumption in the cement products of the Company accounts for more than 50% of the comprehensive cost of the products on average. Once the coal price rises by a large margin, the production cost of the Company will face upward pressure. If the resulting cost increase cannot be fully transmitted to the product price, it will have a negative impact on the profit of the Company. With the rising cost of safety, environmental protection and labor, the cost pressure of enterprises will further increase.

2024-08-29

Uzbekistan's Competition Development and Consumer Rights Protection Commission announced a fine of 4.9 billion Sums for dumping and other violations at Shangfeng Friendship Bridge, the daryo. Uz reported on August 27. In addition, the regulator has issued a mandatory directive requiring Shangfeng Friendship Bridge to eliminate the identified violations and take measures to prevent future occurrences. On April 28, 2024, the completion ceremony of the 6500t/d clinker production line was successfully held.

2024-08-29

On the evening of August 28, Shangfeng Cement released its semi-annual report for 2024. During the reporting period, the company realized business income of 2.392 billion yuan, down 25.44% from the same period last year. During the reporting period, due to the decrease in market demand for cement building materials, oversupply of production capacity and the decline in product prices, the sales volume and product prices of the company's main products decreased year on year. The asset structure of the Company maintained a good margin of safety. As at the end of the reporting period, the monetary capital scale of the Company was basically stable, and the actual external financing scale remained stable.

2024-08-29

Recently, Jiangxi Cement Association issued the Proposal on Further Strengthening Industry Self-discipline and Preventing Involution Vicious Competition, which includes the following four points: 1. Recognize the industry situation and strengthen confidence in development; 2. Strengthen industry self-discipline and prevent vicious competition; 3. Firmly stagger peak production and alleviate the contradiction of surplus; 4. Accelerate transformation and upgrading and promote high-quality development. It is proposed that all cement enterprises in the province should recognize the situation and take the initiative to respond to it. The cement industry has entered a period of declining demand, which is the general trend of the economic development cycle and is irreversible in the short term.

2024-08-29

What is happening in the cement industry?

2024-08-29

A Picture to Understand the Semi-annual Report of Shangfeng Cement in 2024

2024-08-28

On the evening of August 27, Conch Cement disclosed its semi-annual report that in the first half of the year, the company realized operating income of 45.566 billion yuan, down 30.44% year-on-year, net profit of 3.326 billion yuan, down 48.56% year-on-year, and basic earnings per share of 0.63 yuan. From the data point of view, in the first half of 2024, the market share of conch cement has been further improved.

2024-08-28

In the first half of the year, Conch Cement realized an operating income of 45.566 billion yuan, a year-on-year decrease of 30.44%, and a net profit of 3.326 billion yuan, a year-on-year decrease of 48.56%;

2024-08-28

From a supply perspective. In 2024, the cement industry still showed a trend of "serious overcapacity". Although the expectation of environmental protection and low carbon still maintains the trend of "continuous overweight", "normalization of staggered peak production" and "carbon peak" have some constraints on the compression of cement supply in most regions, due to the overall weakening of market demand, the original production intensity of compressed cement has been difficult to reverse the current contradiction between supply and demand in a large scale, and the market. The effect of regulation and control on the supply side of superimposed peak staggering production is weakened, and the market competition is further intensified.

2024-08-28

The company will pay close attention to the macroeconomic situation and industrial policies, optimize the strategic layout, promote the "vertical integration" expansion of the industrial chain, and build the ecological chain of the building materials industry. The company will deepen its main business, widely use digital intelligence technology and green technology, and promote the optimization and upgrading of the cement industry chain; Expand the industrial layout to promote the healthy development of the industry, expand the layout of the commercial concrete industry around the core areas, and further enhance the market influence and voice; precisely supplement the chain, combine the company's resource endowment and industrial foundation, cultivate related diversified industries, and cultivate the second growth curve.

2024-08-28

Conch Cement disclosed its semi-annual report on the evening of August 27. In the first half of the year, the company realized operating income of 45.566 billion yuan, down 30.44% year-on-year; net profit of 3.326 billion yuan, down 48.56% year-on-year; basic earnings per share of 0.63 yuan.

2024-08-28

What is happening in the cement industry?

2024-08-28

During the reporting period, the total net sales volume of cement and clinker of the Group was 128 million tons, representing a year-on-year decrease of 4.94%; the main business income was RMB34.051 billion, representing a year-on-year decrease of 22.12%; the operating cost was RMB26.319 billion, representing a year-on-year decrease of 17.75%; The comprehensive gross profit rate of products was 22.71%, down 4.10 percentage points from the same period last year.

2024-08-27

Chairman Ji Youhong stressed that the cement industry urgently needs to promote industrial transformation and upgrading, and major enterprises in the industry are striving to move towards benign competition and cooperation, pursuing the symbiosis and win-win situation of the industry as a whole.

2024-08-27

The listing of the Shares on the Hong Kong Stock Exchange will not be withdrawn and the register of members of the Company will not be closed with effect from Wednesday, 4 September 2024 for the purpose of determining the entitlements of the Scheme Shareholders under the Scheme.

2024-08-27

On the evening of August 26, Tianshan Stock released the semi-annual report of 2024. In the first half of the year, the company realized operating income of 39.699 billion yuan, down 25.72% year-on-year; net loss of 3.414 billion yuan, profit to loss year-on-year; basic earnings per share of -0.394 yuan. According to the data, among the subsidiaries of Tianshan Stock Company, China United Cement Group Co., Ltd. performed well in the first half of this year, with net profit turning from loss to profit.

2024-08-27