Conch Cement released its semi-annual report, showing a significant decline in revenue and net profit in the first half of 2022. Specific data show that operating income decreased by 30.44% year-on-year to 45.566 billion yuan, net profit decreased by 48.56% year-on-year to 3.326 billion yuan, and earnings per share was 0.63 yuan. The decline was mainly due to the adjustment of the real estate market, the reduction of infrastructure projects, the reduction of cement demand caused by rainy weather and the fierce market competition.
2、 Cement Net Exclusive: First Half Results Release! Conch cement market share to increase!
Conch Cement released its first half performance report, with operating income and net profit falling by 30.44% and 48.56% respectively, and basic earnings per share of 0.63 yuan. The total net sales volume of cement and clinker decreased by 4.94% year-on-year, and the sales volume of cement and clinker products decreased by 3.35% year-on-year. Despite the decline in sales, according to data collated by China Cement Network, the market share of Conch Cement in the first half of 2024 has increased compared with before.
3、 Account balance is only 4725 yuan! A cement enterprise in Chengdu declared bankruptcy
Chengdu Ronglian Cement Co., Ltd. has been declared bankrupt by the People's Court of Shuangliu District of Chengdu because its assets are insufficient to pay off its debts. The company's existing account balance is only 4725.18 yuan, holding 12% equity of Kangding Paomashan Cement Co., Ltd. and equity of Hubei Wudang Cement Co., Ltd., with a total value of about 376 million yuan. Compared with its debt of more than 439 million yuan, its assets are far from covering all its debts. No one applied for reconciliation or reorganization, so he was declared bankrupt.
The cement market along the Yangtze River tried to raise prices several times but failed, and the third round of pushing up 50 yuan/ton in early July was mostly not implemented. Major cement companies in Changxing, Huzhou, gathered to discuss industry self-discipline to avoid vicious competition. The area around Taihu Lake may implement a 12-day policy of peak staggering and kiln shutdown, which is expected to have a positive impact on the price of cement along the Yangtze River and boost the market.
5、 Cement Net Exclusive: Why Does the Cement Market in North Hebei Maintain a Good Situation?
Since the beginning of this year, the cement market in Hebei Province, especially in northern Hebei, has shown a steady rise, with a slight increase in sales. This is mainly attributed to the fact that the decline in cement demand in Hebei is lower than national average and the market demand support of Beijing-Tianjin-Hebei and Xiongan New Area, as well as the key infrastructure projects. Local cement enterprises form a good competitive and cooperative relationship, avoid vicious competition, and implement peak staggering production. Despite concerns about the impact outside the Beijing and Tianjin markets and the slowdown in the arrival of key projects, the overall market situation is stable.
Tianshan shares believe that the cement industry has entered the adjustment cycle, facing challenges and opportunities. The company plans to seize the opportunities of the times and promote high-quality development through supply-side structural reform, new industrialization, digital transformation and dual-carbon policy. The strategies include optimizing product prices, focusing on innovative marketing to improve profitability; analyzing the operating environment and innovating the development model; integrating internal resources to reduce costs and increase efficiency; upgrading the e-commerce platform; developing special cement and production and research projects; and expanding business internationally.
This paper mainly reports on the sharp decline in net profit of Conch Cement in the first half of 2022, the encouragement of sales of existing houses in Shaoyang, Hunan Province, the rise and fall of A-share housing testing concept stocks, the decline in the performance of western construction, but the clear tra nsformation strategy, the medium-term performance growth of Nongfu Spring, the promotion of engineering construction innovation by China Building Materials Group, and the realization of turning losses into profits by Sifang New Materials. UBS raised the target price of Conch Cement, Shanghai Minhang promoted the green development of shipping, China Building Materials Group held the "Good Use of Resources Day" event, and Chuanfa Dragon Python's performance increased in the first half of the year.
8、 Ignition of a 5000 t/d clinker production line overseas
The Uzbekistan DCP 5000TPD clinker cement production line, including the 9 MW waste heat power generation project, was constructed by Chengdu Building Materials Institute and successfully ignited on August 21. The project is the largest cement project in Uzbekistan and is of great significance to the local reform and opening up. It marks the first Uzbekistan project of Chengdu Building Materials Institute under the "the Belt and Road" initiative, and strengthens the company's business layout in the local and Central Asian regions.
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