Recently, Qingsong Jianhua released its 2023 performance, saying that affected by regional policies and the recovery of fixed assets investment, the company's cement sales increased by 35.51% over the same period last year, and the net profit attributable to shareholders of listed companies was 463 million yuan, an increase of 11.53% over the same period last year. Not only Qingsong Jianhua, but also other cement enterprises in the region will have a relatively good business situation in 2023. Xinjiang Cement, the leading cement company
in Xinjiang, said recently that in 2023, the company's cement and commercial mixed sales increased year-on-year, and its net profit, total profit, operating income, R & D investment intensity, total labor productivity, operating cash ratio and return on net assets all increased year-on-year.
It is understood that in 2023, the annual growth rate of fixed investment in Xinjiang reached 12.4%, and the growth rate was further accelerated compared with 2022. Affected by this, Xinjiang's cement output reached 48.1 million tons in 2023, an increase of 25% over the previous year. In terms of
price, according to the analysis of China Cement Network Cement Big Data Research Institute, the price of cement in Xinjiang rose by 3.4% in 2023 compared with the same period last year, and the price of cement in Xinjiang began to be higher than the national level in this year. Cement Price Trend
in Xinjiang Source: Cement Big Data (https://data.ccement.com/)
What will be the cement market in Xinjiang in 2024? The author thinks that the cement market in Xinjiang in 2024 is worth looking forward to. On the
demand side, on the morning of January 30, the second session of the 14th National People's Congress of Xinjiang Uygur Autonomous Region opened in the Xinjiang People's Hall. According to the meeting, the main targets of Xinjiang's economic and social development in 2024 are: GDP growth of about 6.5%; industrial added value above scale growth of about 8%; fixed asset investment growth of about 10%. With the continuous development of fixed investment in Xinjiang, it will be beneficial to support the local cement demand. On
the supply side, according to the data of China Cement Network, in 2023, the annual production capacity of clinker in Xinjiang was 68.107 million tons, the utilization rate of production capacity was less than 50%, and the surplus situation was still serious. However, the Xinjiang Uygur Autonomous Region Industrial Energy Efficiency Promotion Action Plan requires that by 2025, the proportion of production capacity above the benchmark level of energy efficiency in key areas of high energy-consuming industries will reach 30%, and the production capacity below the benchmark level of energy efficiency will be basically cleared. This may optimize local production capacity to a certain extent.
It is worth mentioning that Xinjiang region is relatively closed, foreign cement is difficult to enter, coupled with high market concentration and strong leading control, which is more conducive to stabilizing the market.
Cement industry has serious overcapacity, the impact of peak staggering production on the supply side has declined significantly, the "competition and cooperation relationship" formed over the years has broken down, and the pressure of industry operation has doubled. On March 28-29, China Cement Network will hold the " 13th China Cement Industry Summit and TOP100 Award Ceremony " in Hangzhou, during which the top 100 cement and supplier enterprises will be awarded. At the same time, we invite experts and scholars, China Railway and other construction units to discuss the new development trend of the cement industry in the future, cohesion and create the future together!
