A few days ago, Beijing Jinyu Group released a record of investor relations activities to forecast the demand and price trend of cement next year. Jinyu Group said that recently, relevant ministries and commissions of the state have released favorable policies to promote economic development, which support real estate and infrastructure. Although there is no obvious improvement signal in the demand of cement industry
next year, the basic demand is still there, and the decline of cement demand next year will be narrower than this year; With the increasing awareness of self-discipline in the industry and the increasing efforts to stagger the peak, it is expected that the price of cement will continue to rise this year.
In addition, with regard to the purpose of the recent acquisition of Shuangyashan Cement and the acquisition ideas of the follow-up cement business, Jinyu Group said that in order to further optimize the production line structure and industrial layout of the cement business and enhance the company's market control in Heilongjiang region, Jinyu Group said that in order to further optimize the production line structure and industrial layout of the cement business and enhance the company's market control in Heilongjiang region. To improve the strategic layout of Northeast China, the company acquired 100% equity of Shuangyashan Cement in cash. Shuangyashan Cement
is located in the eastern part of Heilongjiang Province, with obvious location advantages, relatively independent market, less external shocks, and long-term value highland. From 2021 to October 2024, Shuangyashan Cement realized a total profit of about 322 million yuan, with strong profitability. The company will form a market synergy with Jidong Cement Heilongjiang Co., Ltd., which belongs to the company and covers the central region of Heilongjiang Province, to enhance the company's market share in Heilongjiang Province. At the same time, it will be conducive to the improvement of the regional market environment and enhance the company's profitability in Heilongjiang Province.
The company's cement business adheres to the Beijing-Tianjin-Hebei region as the core, North China as a whole, Northeast and Northwest as the wings , and integrates vertically through horizontal integration such as capacity replacement, merger and reorganization, resource reserve increase, optimal allocation of internal resources, extension of industrial chain and reconstruction of industrial system. At the same time, we will give priority to the existing market in the future, actively seek investment opportunities in the countries along the Belt and Road, steadily develop overseas business, and provide new momentum for the company's high-quality development.
