Conch Cement: Merger and acquisition according to the standard of "market, resources and returns"

Recently, some investors asked Conch Cement why the company did not increase the amount of dividends or take advantage of the downturn in the industry to carry out large-scale mergers and acquisitions when the company had 75 billion yuan in hand and the asset-liability ratio was only 20%? Li Qunfeng, executive director and general manager of

Conch Cement, said that in recent years, the company's dividend ratio has steadily increased, the dividend rate has remained stable, and the share repurchase in 2023 has reached 51.82%. The company has always adhered to the principle of "effective investment", according to the standard of "market, resources and returns", from the perspective of improving the layout of the domestic market, to promote high-quality M & a projects. The purpose of holding stock funds is mainly for the sustainable and high-quality development of enterprises.