BBMG Group: Jidong Cement Performance Decline Affected by Weak Market Demand

2023-11-14 16:57:31

Jidong Cement is the only operating platform of the Company's cement business. Affected by the weak market demand this year, the production capacity in the northern region is insufficient, and the cement price in the core regional market continues to decline. Although the cost has decreased, it is not enough to compensate for the adverse impact of the price decline, resulting in a decline in performance.

On November 14, Jinyu Group said on the interactive platform for investors that Jidong Cement is the only operating platform for the company's cement business. Affected by the weak market demand this year, the production capacity in the northern region is insufficient, and the price of cement in the core regional market continues to decline. Although the cost has been reduced, it is not enough to compensate for the adverse impact of the price decline, resulting in a decline in performance.

Recently, Jidong Cement released a report for the first three quarters of 2023. The report shows that the operating income of Jidong Cement is 22.344 billion yuan, a decrease of 18.31% compared with the same period last year. The net loss attributable to shareholders of listed companies was 322 million yuan.

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Correlation

BBMG Group: Jidong Cement Performance Decline Affected by Weak Market Demand

2023-11-14 16:57:31

CEMPI

105.29

-0.38 -0.36%

CONCPI

94.30

-1.31 -1.37%

CLKPI

104.52

-0.09 -0.09%

SPPI

45.16

+0.02 +0.04%

MORPI

76.51

-0.42 -0.55%

A number of cement industry-related technologies are proposed to be included in the Catalogue of Advanced and Applicable Technologies and Equipment for Comprehensive Utilization of National Industrial

Grinding technology and equipment of wet slag discharge vertical mill; key technology of Bayer process red mud quality control to produce matrix composite materials; key technology and equipment of comprehensive utilization of fly ash quality improvement and carbon reduction; technology of solid waste resource utilization coupled with carbon dioxide capture and storage utilization (CCUS); remanufacturing technology of wear-resistant parts of mechanical equipment; remanufacturing technology of permanent magnetization of old motors; The green remanufacturing technology of high-precision and long-life gearboxes has been listed in the Catalogue of Advanced and Applicable Technology and Equipment for Comprehensive Utilization of National Industrial Resources (2025 edition).