Cement prices in Henan and Shandong increased; Conch Cement, Fujian Cement, Western Cement and Qilian Mountain released semi-annual reports

< Market Overview & gt;

1. Cement prices in Henan continue to rise (click the title to view the full text).

On the 20th, most clinker line enterprises in Henan began to implement a 20-day suspension of kilns. At the same time, some leading enterprises in the province began third round of notification to raise the price of various types of cement by 30 yuan/ton. 2

. Since the 20th

, some major manufacturers in Shandong have tried to notify the whole province to raise the price of all kinds of cement by 20-50 yuan/ton and the price of clinker by 40 yuan/ton.

3. Cement & Construction Steel Market Monitoring Weekly Report-Cement Forecast of the 30th

Issue in 2023 This Week: The temperature has dropped, prices around the country have fallen to a relatively low level, and many regions are planning to raise prices. It is expected that cement prices will continue to bottom out this week.

At present, both supply and demand in the steel market are weak, but with the increasing losses of steel enterprises in some areas, it is expected that the "flat control" policy will be implemented earlier, thus reducing supply. In addition, the willingness of steel enterprises to reduce production has increased, and demand is also gradually rising. It is expected that the overall inventory and rebar inventory will continue to decline, and market optimism will rise. However, due to the lack of significant good news, especially the "flat control" policy may still not be implemented, the actual steel demand growth may slow down. Therefore, it is predicted that the spot market of construction steel will show a weak adjustment trend next week.

<; Today's Focus >;

1. Conch Cement: The net profit for the first half of the year was RMB6.468 billion, representing a year-on-year decrease of 34.26% (click the title to view the full text)

. The operating income of the Group prepared in accordance with the PRC GAAP was RMB65,436 million, representing an increase of 16.28% as compared with the same period of last year; the net profit attributable to shareholders of the listed company was RMB6,468 million, representing a decrease of 34.26% as compared with the same period of last year; and the earnings per share was RMB1.22, representing a decrease of RMB0.64 per share as compared with the same period of last year.

2. The net profit loss of Fujian Cement in the first half of the year was about 133 million, down 50.01%

from the same period last year. On August 21, Fujian Cement released its semi-annual report for 2023. During the reporting period, the operating revenue of Fujian Cement from January to June was RMB1,026,288,126.98, compared with RMB1,192,750,086.46 for the same period of last year, representing a year-on-year decrease of 13.96%; Net profit attributable to shareholders of the listed company was RMB-132,646,071.35, representing a year-on-year decrease of 50.01% as compared to RMB-88,421,963.28 for the same period last year; net profit after deduction of non-recurring profit and loss attributable to shareholders of the listed company was RMB-134,630,454.24, representing a year-on-year decrease of 41.02%.

3. Western Cement: Revenue in the first half of the year increased by 5.9% as compared with the same period last year. Profit attributable to owners of the Company decreased by 19.1%

as compared with the same period last year. On August 21, Western Cement announced its interim results for 2023. The Group's revenue increased by 5.9% as compared with the same period last year to RMB4.398 billion; Profit attributable to owners of the Company was RMB532 million, representing a year-on-year decrease of 19.1%. The decrease was mainly due to the decrease in gross profit and the increase in income tax expense as mentioned above.

4. Qilianshan: Net profit for the first half of the year was RMB238 million, down by 52.65%

compared with the same period last year. On August 21, Qilianshan (600720) released its semi-annual report, with revenue of RMB3.344 billion for the first half of the year, down by 15.35% compared with the same period last year; Net profit was 238 million yuan, down 52.65% year on year.

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