< Market Overview & gt;
1. The contradiction between supply and demand of cement is far from the most severe (click the title to view the full text)
. According to the big data of China Cement Network, the overall price of cement in Hubei Province has shown a downward trend since this year. Fundamentally, the current cement industry is facing a decline in demand and a sharp fall in prices, which is the inevitable result of market competition. As far as the advantageous enterprises are concerned, they have the cost advantage and take the lead in the price war. Although the price reduction leads to the decline of the total profit, the stable market share can reduce the fixed cost, and the increase of sales volume can partly offset the impact of the market decline, thus reducing the decline of the total profit. 2
, the domestic economy showed a weak recovery trend and resumed fatigue. Infrastructure investment has provided important support for cement demand, but the growth space is limited. The main economic indicators of real estate have declined significantly compared with the same period last year. The cement market has shown the characteristics of "weak demand, market contraction, high inventory, intensified stock competition and declining efficiency".
3. Jiangsu Cement Market Price Dynamics
on August 28 On August 28, the market demand in East China declined, and the East China Cement Price Index was 99.84, down 0.09, down 0.09%, down 29.4% from the same period last year. At the same time, the average price of 42.5 bulk cement in Jiangsu P. O is 327.93 yuan/ton.
& lt; Today's Focus & gt;
Comprehensive review: In the first half of 2023, CNBM realized operating income of 102.374 billion yuan, a year-on-year decrease of 8.5%, and net profit attributable to the parent company of 1.404 billion yuan, a year-on-year decrease of 74.9%. In the first half of the year, the performance of China's building materials cement sector declined due to weak demand and intensified market competition, but the new materials and engineering technology services sector developed steadily, the pace of transformation and upgrading of China's building materials continued to accelerate, and high-quality development entered a new stage.
2. [Zhongbao Comments] Jidong Cement: Increment does not increase income, the first loss
in the past five years Comprehensive comments: In the first half of 2023, Jidong Cement achieved an operating income of 14.486 billion yuan, down 14.01% from the same period last year, and the net profit attributable to shareholders of listed companies was -369 million yuan. The weighted average return on equity was -1.22%, down 5.00 percentage points from the same period last year. In the first half of this year, demand in the northern region recovered less than expected, and market price competition intensified significantly. Lower sales prices of cement and clinker led to a sharp decline in operating income and gross profit margin of Jidong Cement, the first loss in nearly five years.
Comprehensive review: In the first half of 2023, Fujian Cement achieved an operating income of 1.026 billion yuan, a year-on-year decrease of 13.96%, and a net profit attributable to the parent company of -133 million yuan, a year-on-year decrease of 50.01%. In the first half of the year, the demand in Fujian, where Fujian Cement is located, weakened significantly, the sales volume and price of cement declined, coupled with high production costs, the loss margin of Fujian Cement increased.
of the Work Program for Carbon Peak in Shandong Building Materials Industry, the Work Program for Carbon Peak in Shandong Building Materials Industry (hereinafter referred to as the "Program") was issued, and the "Program" deployed the "12345" initiatives (1 "strict control", 2 "substitution", 3 "promotion", 4 "action", 5 "action"). Five "promotion") to ensure that the building materials industry in our province will reach its carbon peak by 2030. Significant progress has been made in the structural adjustment of Shandong's building materials industry, the continuous promotion of energy-saving and low-carbon technologies in the industry, the continuous decline in the intensity of energy consumption and carbon emissions per unit of key products such as cement, glass and ceramics, the reduction of comprehensive energy consumption per unit of cement clinker products by more than 3%, the strict implementation of the replacement measures for cement clinker and cement grinding capacity, and the acceleration of the elimination of inefficient and backward production capacity. Ensure that cement production capacity is only reduced but not increased.
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