stepping out of the high profit period, facing the continuous decline in profitability in recent years, the cement production capacity with weak competitiveness began to gradually withdraw from the market. Since this year, a number of listed companies have disclosed the news of withdrawing from the cement industry, at the same time, a number of cement companies listed to sell their cement assets. Under the goal of "double carbon", the shuffling of cement industry has intensified. In
July 2022, Hainan Ruize announced that the company had signed the Equity Transfer Agreement with China Resources Cement Investment Co., Ltd. The company transferred 85% of its wholly-owned subsidiary Zhaoqing Jingang Cement Co., Ltd. (Hereinafter referred to as "Jingang Cement") to Huarun Cement at a transfer price of 540 million yuan.
As of the disclosure date of the announcement, Hainan Ruize has received the equity transfer price of 360 million yuan for the first phase of the transaction. Meanwhile, Jingang Cement has completed the industrial and commercial change procedures, and the equity of Jingang Cement held by Hainan Ruize has been changed from 100% to 15%.
However, since then, Hainan Ruize Interactive Platform has responded to investors'questions by stating that before the company sold Jingang Cement Plant, there were four major business sectors, namely, commercial concrete, municipal sanitation, landscaping and cement. From January to June 2022, the company's cement business income accounted for 15.49% of the company's business income; After the sale of Jingang Cement Plant, the company's main business will be changed to the three major business sectors of commercial concrete, municipal sanitation and landscaping, and the company will no longer have cement production business.
In August , Bowen Science and Technology announced that, based on the comprehensive factors such as the upgrading of the national cement industry policy and the current situation of the company's cement business operation, the company's cement business no longer has the economic conditions for technological transformation and equipment renewal, and intends to stop production of cement grinding stations. The relevant fixed assets are scrapped and disposed of.
Bowen Science and Technology said that the company's main business covers two sectors of cement business and edible fungi business. After the cement grinding station stops production, it will no longer engage in cement production and operation business, thus reducing the adverse impact of cement business losses on the company's overall operating performance, which is conducive to improving the cash flow situation of the company's operating activities and promoting the company's long-term development.
In addition, in March this year, Jinyuan also announced that in order to meet the needs of capital strategic planning and industrial planning development, it would strategically withdraw from the traditional building materials and cement business and choose the opportunity to strip off inefficient assets in order to improve the efficiency of asset use and asset quality. The company intends to transfer 100% equity of Qinghai Huzhu Jinyuan Cement Co., Ltd. (Hereinafter referred to as "Huzhu Jinyuan") held by the company through public listing in Hangzhou Property Exchange Co., Ltd. The main business
of Huzhu Jinyuan and its subsidiaries is cement products and commercial concrete industry. Jinyuan said that after the completion of the transaction, the company will adjust its industrial structure and optimize its asset structure, focusing its energy and resources on new energy materials industry and low-carbon environmental protection industry.
Tianshan, Jidong, Wannianqing and other enterprise assets transfer
recently, China Cement Network learned from a legal auction website that the 15% equity of Shuicheng Conch Panjiang Cement Co., Ltd. held by Guizhou Xinsheng Coal Chemical Co., Ltd. will be auctioned at a starting price of 32.39975 million yuan. Among them, Anhui Conch Cement Co., Ltd. enjoys the preemptive right.
According to
the incomplete statistics of China Cement Network, there have been 11 equity and asset transfers in the cement industry since December last year. It involves leading enterprises such as Tianshan Cement , Conch Cement and Jidong Cement. Li Kunming of
Cement Big Data Research Institute believes that since this year, due to factors such as declining demand and high costs, the benefits of the cement industry have declined significantly. As of September 2022, the total profit of the cement industry was 52.76 billion yuan, down 51.2% from the same period last year, and the profits of many leading enterprises have fallen by more than 40%. Small enterprises have fallen into large-scale losses.
Cement Big Data Research Institute predicts that the total profit of the cement industry will decline by more than 50% in 2022, and there is a tendency to return to the supply-side reform.
In the future, the demand for cement will enter the downward channel, and it will be difficult for the industry to return to the peak state. The huge pressure of survival is undoubtedly the direct reason for the frequent listing and transfer of assets and the optimization of resource allocation of cement enterprises recently.
At the same time, under the background of energy saving and carbon reduction, the cement industry is also facing severe challenges.
In recent years, a number of documents related to energy saving and carbon reduction in the cement industry have been issued at the national level, aiming at accelerating the process of transformation and upgrading of the cement industry and taking the road of green development. In November
2022, GB16780-2021 Cement Unit Product Energy Consumption Quota came into effect. At present, the comprehensive energy consumption per unit product of cement clinker can not reach the third level of energy consumption quota (that is, the energy efficiency benchmark level of cement clinker required by the Action Plan for Energy Conservation and Carbon Reduction). The introduction of the implementation plan of carbon peak in building materials industry makes the task of energy saving and carbon reduction in the industry more urgent. On the one hand,
enterprises have to cope with the pressure of declining business performance, on the other hand, they have to increase cost input for energy-saving transformation. Small and medium-sized enterprises have obvious disadvantages in market operation, technological innovation and other aspects. In this downturn period of the industry, it is undoubtedly a wise choice to sell low-quality assets and actively seek transformation.
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