A few days ago, a netizen sent a message in the mailbox of the director of the official website of Fujian SASAC to ask about the loss of Fujian cement . To this, Fujian SASAC responded:
1. On the loss
of Fujian Cement for two consecutive years & nbsp; Fujian Cement did lose money for two consecutive years. In the past two years, the performance of Fujian Cement has declined in line with the overall trend of the cement industry. In addition to the impact of the environment, it is also affected by some factors, including: the main product is single, the business is concentrated in a single province in Fujian, and the ability to resist the risk of external environmental changes is weak; Coal, which has the greatest impact on the cost of cement, is basically imported from the north of China or abroad, resulting in relatively high procurement costs. In addition, the concentration of cement industry in Fujian Province is low (the penultimate in the country), and the market competition is greater than competition and cooperation, resulting in a low level of cement prices in the province . In addition, Fujian Cement is an old state-owned enterprise restructured and listed, with a heavy historical burden.
2. On the issue
of stock price decline, the stock price of Fujian Cement has fluctuated sharply in the past two years, but it is consistent with the trend of the cement industry sector index. Because Fujian Cement belongs to small and micro stocks, the fluctuation of stock price is relatively larger, which is caused by market factors, similar to the fluctuation of GEM index, which is dominated by small and micro stocks. Fujian Cement will continue to do a good job in information disclosure and investor relations management, insist on putting the interests of investors in a more prominent position, and assume the main responsibility of market value management. Pay close attention to the market's evaluation of the company's value and safeguard the rights and interests of investors. Explore long-term mechanisms to enhance investment value and measures to stabilize the company's market value.
3. On the issue
of executive remuneration, Fujian Cement executives implement the "Management Measures for Remuneration and Assessment of Senior Executives of the Company", the remuneration level is linked to the completion of the company's annual organizational performance contract, and the basic remuneration is paid monthly. The annual performance salary will be paid after the assessment of the board of directors in the next year (30% will be paid after three years of audit before 2021). In the past three years, the average annual salary of Fujian cement executives (except for the housing provident fund, annuity and reserved performance paid by the company for individuals) is 400000-600000 yuan, and the overall level is at a lower level than that of listed companies in the cement sector.
4. On the issue
of coal procurement, Fujian Cement made full use of the advantages of Funeng Logistics, an enterprise owned by Neng Hua Group, in terms of coal procurement channels and bulk procurement, and established a joint procurement mechanism between the two sides. Through the joint centralized public bidding and procurement with Funeng Logistics, the advantages of scale procurement and integrated logistics channels are brought into full play, the cost of coal procurement and transportation is effectively reduced, and the price of coal purchased to the factory is basically the same as or slightly lower than that of the same quality coal of the same enterprises in the province. The joint procurement of Fujian Cement and Coal was reviewed and disclosed in strict accordance with the decision-making procedures for related party transactions of listed companies. The procurement pricing was fair and the procurement process was transparent, fair and open. There is no rebate problem in cooperation with Funeng Logistics.
In the next few years, it is expected that the cement market will continue to be depressed, with great downward pressure and serious oversupply in the market. At the same time, the company itself has many historical problems, heavy burdens, insufficient control of resources, high production and operation costs, and faces complex and changeable challenges. The board of directors of Fujian Cement will conscientiously implement the policies of the Party and the state, implement the new development concept, strengthen the strategic guidance of sustainable development, closely focus on the implementation plan of the three-year special action, scientifically make major business decisions of the company, and urge the management to focus on "resource control, lean operation, precision marketing, human efficiency improvement and cost control". We will continue to build the three capabilities of "lowest system cost, leading regional market and innovation-driven development", actively strengthen the chain, supplement the chain and extend the chain, cultivate the market, reduce costs and increase efficiency, pioneer and innovate, enhance the core competitiveness of enterprises, strive to achieve the three-year special action objectives and tasks, and promote the company to develop and upgrade to a green, low-carbon, safe and efficient production-oriented enterprise.
