15, Conch Cement held its 2023 annual performance presentation.
For the follow-up market situation, Conch Cement said that the contradiction between supply and demand in the industry is still complex and severe this year, and the demand for infrastructure is expected to rise steadily under the pull of treasury bonds, but the negative impact of the real estate downturn will continue, and the demand for cement market will decline slightly throughout the year. After
the market competition, the business strategy of the enterprise tends to be rational, and there is a strong willingness to increase the off-peak production and stabilize the market. It is expected that the cement price will continue to fluctuate in 2024 .
In this context, inefficient enterprises will gradually withdraw, and industry concentration will be improved.
How to maintain high-quality development in the downward cycle? Li Qunfeng, executive director and general manager
of Conch Cement, said that under the overall weakening situation of the industry, the company actively responded to the situation and actively sought change. In terms of operation, the company strived to overcome the impact of unexpected factors, implemented precise policies in domestic and foreign markets, and further strengthened its operational resilience and quality; In terms of
development, we should persist in effective investment, strengthen the main cement industry and upstream and downstream industrial chains, and promote the coordinated development of environmental protection, new energy and digital industries.
In the medium and long term , in order to promote the company's sustained and high-quality development, Conch Cement will pay close attention to the industry situation, national carbon emissions and other policies, adopt flexible business strategies to ensure the company's dominant position in the market, and accelerate the promotion of advanced technologies such as digitalization, intellectualization, energy saving and carbon reduction, so as to promote the company. Continuously enhance industrial competitiveness.
