Conch Cement Holds 2023 Annual Performance Conference

2024-03-26 09:19:52

At the end of the meeting, Chairman Yang Jun said that the company would actively respond to the new situation and challenges, comprehensively improve the quality and efficiency of operation and management, create greater value for the majority of shareholders, and hoped that investors would continue to pay attention to the development of the cement industry and the company.

On the morning of March 20,

2024, Conch Cement held the 2023 annual performance conference in Hong Kong. Chairman Yang Jun, Vice Chairman Wang Jianchao, General Manager Li Qunfeng, Board Secretary Zhou Xiaochuan, Vice General Manager Yu Shui and Pan Zhonghong attended the conference. About 100 investors and analysts from Morgan Stanley, Bank of America Merrill Lynch, Citigroup and other well-known securities firms attended the meeting.

At the meeting, Zhou Xiaochuan, Secretary of the Board of Directors, first introduced the general situation of the cement industry and the company's production and operation in 2023, and looked forward to the development prospects of the industry and the company in 2024. In the question-and-answer session, the

participating investors asked questions about the industry situation, industrial policies, and the company's business development, and the company's management elaborated and answered questions from different aspects. At the end of

the meeting, Chairman Yang Jun said that the company would actively respond to the new situation and challenges, comprehensively improve the quality and efficiency of operation and management, create greater value for the majority of shareholders, and hoped that investors would continue to pay attention to the development of the cement industry and the company. After

the performance conference, the company's management held more than 20 "one-to-one" and group meetings with BlackRock and other international investment institutions.

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Correlation

Near the end of the year, the domestic concrete market demand continued to weaken, the cost support declined compared with the previous period, and the price of concrete in many places declined steadily. From December 19 to December 25, the national concrete price index closed at 111.39 points, down 0.80% annually and 10.97% year-on-year.