Real estate and infrastructure are the main sources of demand for sand and gravel aggregates, but since 2021, the downturn in the real estate market has led to a sharp decline in demand for sand and gravel aggregates. Despite the recent favorable real estate policies, the focus of the policy is to control the increment, and the pulling effect on the aggregate market is limited. Specifically, the policies of urban village renovation and dilapidated housing renovation, as well as the increase in the credit scale of "white list" projects, are expected to bring about a certain increase in the demand for sand and gravel aggregates, but in general, these incremental policies have limited stimulating effect on the large-scale sand and gravel aggregate market, so we need to be cautious about the impact of these policies on the demand for sand and gravel aggregates. It is expected that the demand for sand and gravel aggregates in real estate will continue to decrease throughout 2024, which may boost the demand for sand and gravel aggregates in 2025, but the impact is not significant.
Conch Cement announced that in the first three quarters of 2021, the company achieved a revenue of 68.15 billion yuan, 31.27% lower than same period last year, and a net profit of 5.198 billion yuan, 40.05% lower than same period last year. Net profit after deduction was 4.879 billion yuan, down 40.18%. Earnings per share were 0.99 yuan. The decline in performance was mainly due to the decline in both sales volume and price of cement business.
3、 Three Quarterly Reports of Shangfeng Cement: Balanced and Complementary Industrial Chain, Single Quarter Profit Growth
Shangfeng Cement issued a three-quarter report, although the cement market demand is weak and the price profit is declining, the company achieved a single quarter net profit growth of 38.09% year-on-year through measures such as "one main and two wings" business structure optimization, cost reduction and efficie ncy enhancement. The volume and price of major products decreased, but the cost reduction was optimized, the aggregate business and environmental protection business continued to advance, and the power generation of new energy business increased. At the same time, the company's investment in semiconductor, new materials and other fields gradually harvested, contributing to the steady growth of performance. The company is expected to benefit from the rise in cement prices in East China.
Recently, Tianshan, Huaxin, Huarun, Shanshui and other cement listed companies issued third quarter performance reports, generally showing a decline in performance. Affected by reduced demand and fierce market competition, some companies suffered serious losses. For example, Tianshan's third-quarter revenue and net profit fell 23.55% and 7471.10% respectively, Huaxin Cement's net profit fell 39.26% year-on-year, while Asia Cement (China) is expected to suffer a loss of about 459 million yuan.
5、 Zhu Shengli, General Manager of Conch Group: Actively Practice the Responsibility of Large Enterprises and Continuously Promote Energy Conservation and Carbon Reduction
Zhu Shengli, general manager of Anhui Conch Group, said at the "2024 China Cement Double Carbon Conference" that Conch Group actively fulfills its responsibilities as a large enterprise, pays attention to green and low-carbon transformation, and is committed to pollution control and energy saving and carbon reduction. The company has formulated the carbon peak and carbon neutralization action plan and the "14th Five-Year Plan" energy conservation and carbon reduction plan, defining six carbon reduction paths and carbon neutralization road map, with the goal of carbon neutralization of the eastern subsidiary by 2050 and 80% of the group's non-fossil energy consumption by 2060, so as to achieve carbon neutralization of the group.
Tianrui Cement announced that if it could not announce its interim results as of June 30 of the same year before 11:00 on November 5, 2024, and solve the financial disclosure problem, it would be cancelled the listing status of the Hong Kong Stock Exchange at 9:00 on November 11. At present, as the financial information of major associates is to be determined, the company needs more time to prepare interim results, so the stock continues to be suspended.
7、 Ye Jiayuan: Technological Path and Prospect of Low Carbon Development in Cement Industry
Ye Jiayuan put forward the technical path of low-carbon development of cement industry at the "2024 China Cement Double Carbon Conference and the 12th Energy Conservation and Environmental Protection Technology Exchange Conference". Including international and domestic technology status and development direction, low-carbon technology implementation status, emphasizing carbon emission reduction, alternative fuels, carbon capture and utilization, clean energy and other emission reduction technologies. The key technologies and suggestions for carbon reduction in China's cement industry are put forward, and it is emphasized that joint efforts should be made to achieve the goal of low-carbon development.
This paper mainly introduces the following key points: 227 stocks have received institutional buy-in ratings, and Moutai Liquor and Jinhui Liquor have received the highest attention. The completion of the pouring of the bearing platform of the north main tower of Chizhou Yangtze River Highway and Railway Bridge will help the construction of regional infrastructure. Zhanjiang Xinao has been committed to clean energy supply and social responsibility for 20 years to promote high-quality development in Zhanjiang. Remarkable achievements have been made in geological work in Gansu Province, and the construction of green mines has been promoted to enhance the level of mine intelligence.
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