Recently, investors in the interactive platform asked Conch Cement : I would like to ask the current real estate security to allow refinancing of the new deal, whether it will have a substantial positive impact on the company's profits?
In this regard, Conch Cement said that with the deployment of city-specific policies to support rigid and improved housing demand at the regular meeting of the State Council, the relevant policies of supporting the delivery of buildings have gradually come to the ground, real estate credit financing, creditor's rights financing and equity financing will ease the financial pressure of Housing enterprises, and it is expected to lead to the recovery of some cement demand. So as to bring a positive impact on the company.
In addition, some investors have asked Conch Cement that the new contracts signed by the central enterprises in the first three quarters of the current major infrastructure projects have increased by more than 10% year-on-year, and the cumulative growth of new contracts is expected to exceed 10% throughout the year. These new contracts will probably start construction in three years, and the market size should not be less than 12 trillion yuan, even if cement only accounts for 2% of the project cost. In that year, there will be 600 billion cement demand. With 20% market share, Conch will also have 150 billion revenue. I think this market is still very big. Conch should expand against the trend, make full use of its capital reserves and regional advantages, and acquire cement production capacity and limestone mines for the next demand.
Conch Cement said that at present, there is still some room for urbanization in China, and with the support of the supporting financial policies of "guaranteeing the delivery of buildings" and "stabilizing the economy", the demand for cement will be supported in the short term. In 2022, the company made every effort to expand the market, stabilize customer channels, dispatch resources globally, and steadily increase its market share. The company will continue to focus on the market and maintain a reasonable level of volume, price and profit on the basis of stable share. In terms of investment and development, during the "14th Five-Year Plan" period, the company will focus on the main cement industry, steadily promote domestic project mergers and acquisitions and overseas project construction, build green low-carbon intelligent chemical plants, accelerate the development of upstream and downstream industrial chains such as aggregates and commercial mixing, actively develop new energy industries such as photovoltaic power generation and energy storage, and strive to return shareholders with better operating results.
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