Western Cement Holds Performance Conference for the First Half of 2023

of August 22, Western Cement held a performance conference for the first half of 2023 in Hong Kong. Zhang Jimin, Chairman of the Board of Directors of Western Cement, Cao Jianshun, Chief Executive Officer, Chu Yufeng, Chief Financial Officer, and Chen Jingxiu, Company Secretary, attended the conference. At the

press conference, Chu Yufeng first introduced the company's performance in the first half of 2023, Cao Jianshun introduced the company's overall operation and market dynamics, and Chairman Zhang Jimin summarized and elaborated the performance of Western Cement in the first half of 2023 at home and abroad, as well as its future strategic layout. The questions raised by investors in the conference were answered one by one. In the first half of

2023, the company's total sales of cement (including clinker ) reached 9.54 million tons, an increase of 4.3% over the same period last year. In the first half of the year, sales revenue reached 4.398 billion yuan, up 5.9% year-on-year. At present, the Company's main businesses are distributed in Shaanxi Province, Xinjiang Uygur Autonomous Region, Guizhou Province, Sichuan Province and Mozambique, Congo (Kinshasa) and Ethiopia in Africa, with a total production capacity of 33.3 million tons of cement. In the first half of

2023, due to the fatigue of global economic recovery, high inflation and the complex and severe external international environment, the economic recovery in China was relatively slow compared with 2022, and the operating environment of the Group was difficult. Despite the impact of the low average domestic selling price, the African business can still contribute higher profits, making Western Cement maintain the overall stability of profits in the first half of 2023. In addition, the company continues to focus on "improving quality and efficiency, reducing cost and efficiency, optimizing compilation and efficiency, and innovating efficiency" to lay a solid foundation and accumulate stamina for the long-term sustainable development of enterprises.

Looking ahead, Zhang Jimin concluded that in the second half of 2023, the Group will pay close attention to the macroeconomic situation at home and abroad, and strengthen risk control and operational management. Strengthen the research and judgment of market supply and demand situation, explore innovative sales mode, optimize trade business structure and consolidate market position. Strengthen the research and judgment of coal market trend, coordinate the domestic and international markets, give full play to the advantages of large-scale procurement, build a stable and efficient material supply system, and enhance the comprehensive supply capacity. With the goal of green, low-carbon and sustainable development, we will continue to increase investment in research and development of pollution reduction, carbon reduction, energy saving and consumption reduction, promote the technological transformation of comprehensive energy efficiency improvement of production lines, follow up the development of carbon emission reduction technology in the industry, and actively explore the path of carbon emission control with economic efficiency and technological stability. Summarize the experience of intelligent factory construction in an all-round way, and promote the popularization and application of digital intelligent achievements. We will coordinate organizational optimization and mechanism innovation, create a streamlined and efficient corporate governance system, further promote the strategy of strengthening enterprises by talents, continuously optimize and improve the incentive mechanism, and innovate the talent training mode, so as to promote the high-quality development of the company.