Recently, in order to further strengthen the interaction with investors, Tangshan Jidong Cement Co., Ltd. participated in the "2023 Collective Reception Day for Investors of Listed Companies in Hebei Jurisdiction" jointly organized by Hebei Securities Regulatory Bureau, Hebei Association of Listed Companies and Shenzhen Panoramic Network Co., Ltd. The questions raised by the investors and the company's main replies are as follows:
1. How much is the company's cement sales? How much is the selling price of cement now? Recently, the price of coke has fallen sharply, can it increase the company's profits? The decline in coal prices can reduce the company's costs, but it is difficult to make up for all 2. Is there any follow-up progress in the company's development of hydrogen energy?"?
3. The market demand for real estate is expected to be low this year. Does the company develop other markets to supplement this part of the reduced demand?
4. Will your company adjust its dividend policy in the future? Can you continue to pay dividends at a rate not less than 50% of the earnings in order to raise the company's share price? In the future, the company will actively implement the dividend policy of cash priority to return shareholders in accordance with the provisions of the regulatory authorities and the articles of association.
5. After your company's asset restructuring, the stock price has dropped sharply, and the institutional investors introduced at the beginning are deeply involved in it. Does your company have room for a substantial increase in operating profits in the future? In
2023, the company will deepen the "customer-oriented, energy-gathering upgrade", take customers as the center, promote product upgrading, service upgrading and brand upgrading, meet diversified needs with high-quality supply, make full use of innovative thinking, user thinking and Internet thinking, improve the modernization level of marketing management system, and build a scientific and efficient marketing system. Adhere to the combination of "one district, one policy" and regional linkage, seize market opportunities, precisely implement marketing strategies, improve market planning, create differentiated advantages in four aspects of products, services, customers and channels, and enhance market control. Strengthen fine management internally, organize production and operation with market orientation and benefit as the center, grasp the key links and key elements of cost control, and achieve the optimal cost of the whole life cycle. Improve the cost control system, innovate the cost control mode, and promote the target cost management. We will strengthen cost control in all aspects of production and operation, concentrate resources to solve bottlenecks in enterprises and continuously improve them, tap the potential of reducing costs and increasing efficiency, and create sustainable cost advantages. Give full play to competitive advantages such as capacity layout and resource endowment, optimize internal resource allocation, coordinate product sales scheduling, and achieve precise matching of higher efficiency at both ends of supply and demand.
6. Now many small cement plants and grinding stations in Hebei produce mostly fake cement, substandard cement, and many fake Jidong cement. Has the company cracked down on counterfeits and cooperated with the state to ensure the quality of buildings.
The company attaches great importance to product quality and implements a "zero tolerance" attitude towards counterfeit products. Once counterfeit cement products are found, the company immediately reports and cooperates with government agencies to crack down on counterfeit products.
7. Will the company invest in Central Asia, the Middle East and other regions along the Belt and Road?
8. How much will the sales volume of cement in the first half of the year decrease compared with that in the first half of last year? How much is it expected to decline for the whole year? What percentage of cement sales in Xiongan New Area and Beijing-Tianjin-Hebei Region account for the total sales? Sales in Beijing, Tianjin and Hebei accounted for about 53%.
9. I would like to ask if your company's share price has fallen almost in half this year. Doesn't the company have any measures?
In 2023, the company will deepen the "customer-oriented, energy-gathering upgrade" to the outside world, take customers as the center, promote product upgrading, service upgrading and brand upgrading, meet diversified needs with high-quality supply, make full use of innovative thinking, user thinking and Internet thinking, improve the modernization level of marketing management system, and promote the development of enterprises. Construct a scientific and efficient marketing system. Adhere to the combination of "one district, one policy" and regional linkage, seize market opportunities, precisely implement marketing strategies, improve market planning, create differentiated advantages in four aspects of products, services, customers and channels, and enhance market control. Strengthen fine management
internally, organize production and operation with market orientation and benefit as the center, grasp the key links and key elements of cost control, and achieve the optimal cost of the whole life cycle. Improve the cost control system, innovate the cost control mode, and promote the target cost management. We will strengthen cost control in all aspects of production and operation, concentrate resources to solve bottlenecks in enterprises and continuously improve them, tap the potential of reducing costs and increasing efficiency, and create sustainable cost advantages. Give full play to competitive advantages such as capacity layout and resource endowment, optimize internal resource allocation, coordinate product sales scheduling, and achieve precise matching of higher efficiency at both ends of supply and demand.
10. If the demand of cement industry declines for several consecutive years, how to plan company's future development plan?
11. Will the company continue to increase its mine reserves, especially in limestone.
The Company has always attached great importance to the reserve of limestone resources. In recent years, some cement enterprises of the Company have obtained the increase of mine reserves through integration, auction, expansion of reserves and exploration to mining, and the competitiveness of enterprises has increased significantly. In the future, the Company will expand the reserves of resources according to the actual situation of cement enterprises.
12. Will your company significantly reduce the cost of coal in operation this year? What percentage of the substitution effect of your company's photovoltaic power generation on coal is expected to reach? The Company has photovoltaic projects of 7 subsidiaries (with a total installed capacity of 74MW), which have been filed by the government and are in the process of preliminary work, but have not yet been completed. Other photovoltaic projects are under planning.
13. Now your company's production is constantly automated and unmanned. Will your company's workforce be reduced in the next few years? Will management costs continue to decrease? Can your company's operating profit margin approach the level of Conch, compared with Conch's superior enterprises? Conch Cement has been a benchmarking learning enterprise for our company.
14. Is the elimination and merger process of the cement industry in the northern region continuing to increase? Will the cement industry take this opportunity to usher in new development opportunities under the goal of meeting carbon emission standards? The acquisition criteria require high-quality enterprises with competitiveness, and the preliminary work of several projects is currently being done.
15. Your company has conducted business docking with Huawei in the early stage. What are the specific ways to improve the company's management and production efficiency?
16. Is the current cement industry at a low ebb? How long does the company expect this business downturn to last, and what are your next measures to improve business efficiency?
17. Will the solid waste business be vigorously developed in the future.
Through the development in recent years, the company's solid waste disposal capacity has been in the forefront of the country. At present, the company's solid waste development direction is still relying on its own cement enterprises to establish solid waste disposal production lines when conditions are ripe.
18. Last year, your company and other cement enterprises jointly set up a new cement company in Northeast China. The market capacity in Northeast China is small and the production capacity is excessive. Why did your company make such an investment? The national level has been promoting the implementation of the Northeast Revitalization Strategy. With the increase of cement concentration in the Northeast region, the company believes that the Northeast cement industry can achieve a reasonable profit level.
19. The financing cost of issuing bonds is very low. How much is the amount of issuing bonds applied by the company this year? Will it increase significantly compared with last year? It is expected that the proportion of direct financing will increase compared with the same period last year.
20. As a high-quality state-owned enterprise in Beijing, will your company try to intervene in new energy projects, emerging materials and other innovative fields? Except for cement, aggregate, environmental protection and admixture business, the company has no other new material business.
21. Does your company have a big acquisition plan this year? Is there any asset reorganization arrangement in the near future? In addition, the company has no other restructuring arrangements.
22. How much contribution has your company made to the company's cost reduction and efficiency enhancement by reducing financing costs in the financial sector this year? How much financial cost is expected to be reduced year on year?
23. When answering questions from investors in the early stage, your company proposed to "make full use of innovative thinking, user thinking and Internet thinking to improve the modernization level of marketing management system". What is the meaning of your company's innovation and Internet thinking? What are the specific measures?
24. Recently, I have seen that the traffic volume of our cement plant is quite large, and the coal price is also falling. Can this year's target be achieved? Can performance exceed that of last year?
At present, the downward trend of cement demand is prominent, energy prices remain high, costs remain high for a long time, and profit compression has become the norm. Improving energy efficiency and reducing cost pressure have become the key breakthrough points for cement enterprises to enhance their comprehensive strength and market competitiveness.
China Cement Network will be on July 6-7, 2023. After the " meeting in Chongqing, we will visit the Oriental Hope < a href="https://price.ccement.com/pricenewslist-1-500000-0.
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