Conch Cement announced that in the first three quarters of 2023, the company achieved revenue of 68.15 billion yuan, down 31.27% from the same period last year; net profit of 5.198 billion yuan, down 40.05%; net profit of 4.879 billion yuan, down 40.18%. The decline in performance was mainly due to the double decline in sales and prices of cement products.
2、 Cement net comments: Conch cement business performance improved, strong profitability!
In the first three quarters of 2024, the operating income and net profit of Conch Cement decreased by 31.19% and 40.06% respectively, but the decline of net profit in the third quarter narrowed to 15.01%, a slight increase of 2.71%, and the profit situation improved quarter by quarter. Despite the decline in revenue and profit, the company's gross profit margin increased, net profit still led the industry, showing strong profitability, and the fourth quarter earnings are expected to continue to improve.
On October 28, 2024, Jin Zhuanglong presided over the 11th Symposium on Manufacturing Enterprises, which was attended by Zhou Yuxian and other enterprise leaders. The meeting carried out the spirit of the meeting of the Political Bureau of the Central Committee, listened to the situation and suggestions of enterprises, summarized the operation of industrial economy in the first three quarters, and emphasized the promotion of new industrialization and high-quality development in accordance with the spirit of Xi Jinping's instructions. Leading enterprises are required to play a role in promoting entrepreneurship and solving industry problems, and the Ministry of Industry and Information Technology will optimize the business environment and support the development of enterprises.
4、 Cement net video: not bad money! Technological upgrading of several clinker projects of Conch Cement
Conch Cement has recently carried out technical transformation and upgrading for several clinker projects, including: Shuicheng Conch Panjiang Cement Project has been integrated and upgraded to 6000t/d production line; Zunyi Conch Panjiang Cement Project has been upgraded to 5750t/d; Guangdong Qingyuan Guangying Cement Project plans to merge the existing clinker line to build 6500t/d production line; The production capacity of Basu Conch Cement Project will be increased to 3000t/d; Linxia Conch Cement Project will be expanded to 6666t/d production line. These upgrades show Conch Cement's investment in technology renewal and capacity expansion.
5、 Li Jian: Interpretation of Ultra-low Emission Transformation Policy in Cement Industry
Li Jian interpreted the ultra-low emission transformation policy of cement industry at the "2024 China Cement Double Carbon Conference", pointing out the importance and progress of the transformation. China's cement production ranks first in the world, but it is also the main source of air pollutants. Ultra-low emission transformation is the key to improve air quality and achieve carbon emission reduction. Li Jian suggested overall planning and whole process control to ensure the quality of transformation, emphasizing that enterprises should strictly evaluate and monitor to ensure the authenticity and effectiveness of transformation.
ACPP technology brings new solutions for underground space construction, and Shadow Stone continues to innovate and explore the boundaries of recording technology. The battle to ensure the delivery of housing has achieved results, and 2.46 million housing units have been delivered nationwide. Building materials plate led the rise, building materials ETF (159745) rose more than 2%. The net profit of Shangfeng Cement in the third quarter increased by 38.09% compared with the same period last year, the building materials sector rose rapidly, and ATV Chuangneng rose and stopped. The real estate chain sector led the A-share market. Market value delisting standard adjustment, Shanghai and Shenzhen motherboard a shares rose from 300 million yuan to 500 million yuan. Hualong Securities is optimistic about investment opportunities in cement and consumer building materials.
7、 A Number of New Material Products of Chinese Building Materials Helped the Successful Launch of Shenzhou 19 Manned Spacecraft
A number of new materials and products of Chinese building materials helped the successful launch of "Shenzhou 19 manned spacecraft". These include the large carbon fiber composite truncated cone developed by the Harbin Institute of Glass, the 362D time controller of the Institute of Clocks and Watches, the low-permeability helium high-purity quartz glass of the Beifen Quartz Institute, the heat-proof materials and high-strength yarn of Sinoma Science and Technology, and the special coatings provided by Beixin Building Materials. These products ensure the performance of the spacecraft and the safety of the astronauts.
8、 Our new materials helped the launch of Shenzhou 19 to complete success!
On October 30, 2024, Shenzhou 19 manned spacecraft was successfully launched from Jiuquan Satellite Launch Center and entered the predetermined orbit. Beixin Lighthouse, Beibo Limited and Nanbo Limited under China National Building Material Co., Ltd. provided key materials for the launch, including special insulation paint, high and low temperature resistant paint, insulation/insulation premix and high-strength yarn, which ensured the performance and safety of the spacecraft and rocket. These new materials have made important contributions to China's space industry and will continue to support future space projects.
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