Uzbekistan's Competition Development and Consumer Rights Protection Commission imposed a fine of 4.9 billion sum on Shangfeng Friendship Bridge Company for dumping and illegal sales of cement. Between March and July, the company illegally sold 122,700 tons of cement without an exchange and at a price higher than average price, making an illegal profit of 81.1 million sum. The Commission requested that the violation be rectified and that the tax documents be submitted to the tax authorities for review. Conch Cement and Shangfeng Cement hold 51% and 29% of Shangfeng Friendship Company respectively.
The Competition Development and Consumer Rights Protection Committee of Uzbekistan investigated the Chinese-funded joint venture cement enterprise Shangfeng Friendship Bridge and found that it had dumping and other violations, and decided to impose a penalty of 4.9 billion sum. Shangfeng Friendship directly signed a contract to sell cement without going through the exchange, which exceeded the average quotation of the exchange, and there was unfair competition with other suppliers. The regulator asked it to rectify the violation and has handed over the relevant tax documents to the tax authorities.
3、 Cement industry enters the era of high cost, how to prepare for peak cement?
The cement industry is facing the pressure of rising costs, including resource acquisition, environmental protection, energy saving and consumption reduction, digital upgrading and labor costs. Shangfeng Cement said that energy costs accounted for more than 50%, and fluctuations in coal prices would affect production costs. In response, the company will reform raw coal procurement, give full play to the advantages of scale to reduce costs, accelerate the research and development of fuel substitution technology, improve the level of technology, and optimize environmental protection facilities. In the first half of 2024, the company's operating income and net profit declined, but manufacturing costs declined by reducing costs and increasing efficiency.
4、 Cement Net Exclusive: "Attack from Both Sides" Jizhong Cement Price "Leading" Position Is Not Firm
Since this year, the price of cement in central Hebei, especially in Baoding, has been relatively high, due to the demand brought by the proximity to Xiongan New Area, the high cost of raw materials and the high cost of production. At the same time, Baoding is facing the competitive pressure of external cement enterprises, especially Tangshan cement enterprises, which have a greater impact on its price. Staggered peak production leads to increased costs, difficult price increases, intensified competition among cement enterprises, and challenges to the stability of Baoding cement prices in the future.
The semi-annual report of Shangfeng Cement for 2024 shows that the company is facing challenges. Due to the slowdown of investment and the adjustment of the real estate market, the demand for cement building materials is reduced, the price is unstable, and the overall loss of the industry is aggravated. During the reporting period, the operating revenue of Shangfeng Cement was RMB2.392 billion, representing a year-on-year decrease of 25.44%; the net profit attributable to parent company was RMB171 million, representing a year-on-year decrease of 67.85%; the net profit deducted from non-attributable parent company was RMB211 million, representing a year-on-year decrease of 45.20%.
The name of Shenzhen Huaqiang triggered the stock market to join the board; China Building Material Group held a resource day to show the development results; the article emphasized the role of AI in industrial transformation; Jiangnan Chemical's performance in the first half of the year was stable and the mid-term dividend was launched; the white paper on China's energy transformation emphasized the importance of low-carbon development; XCMG's international business grew, accounting for 44% of its income; Chongzuo Municipal Tax Bureau supports industrial revitalization; Shangfeng Cement and Huaxin Cement have invested in new companies in Tianjin and Suzhou respectively; the National Energy Administration has said that the total investment in fixed assets in the energy sector in the past ten years is about 39 trillion yuan; the Ministry of Housing and Construction plans to pilot the housing pension system.
7、 Huaxin Cement Establishes Concrete Company in Suzhou
Recently, Huaxin Concrete Co., Ltd. was established in Suzhou Industrial Park, which is indirectly wholly owned by Huaxin Cement. The legal representative of the company is Zhang Liang, with a registered capital of 25 million yuan. Its main business scope is the manufacture and sale of cement products.
8、 6000t/d to 5666t/d! Announcement of Hongshi Cement I Clinker Project
Sichuan Provincial Department of Economy and Information Technology announced the capacity replacement plan of Jiangyou Hongshi Cement Co., Ltd., which will build a new 5666t/d clinker production line through the 2500t/d capacity transferred by Sichuan Mingkun Building Materials Co., Ltd., with a replacement ratio of 1.5: 1. The new project is planned to be put into operation in September 2024. Compared with the 6000t/d production line expected to be built in 2021, the production capacity has been reduced, and the replacement ratio has been adjusted from 1.25: 1 to 1.5: 1.
