In the first half of the year, due to the shrinking market demand, fierce competition, low prices and other factors, the volume and price of the cement industry fell, and the benefits continued to decline. Relevant data show that the industry lost about 1.2 billion yuan in the first half of the year, with sales falling by 11%.
Figure: Total
profit of the cement industry in the first half of 2012 Data source: Cement Big Data (https://data.ccement.
) Conch Cement:
The company achieved an operating income of 45.566 billion yuan in the first half of 2012. Net profit was RMB3.326 billion, representing a year-on-year decrease of 48.
Tianshan Shares:
the Company achieved an operating income of RMB39.699 billion in the first half of the year, representing a year-on-year decrease of 25.72%; Net loss 34.
Jidong Cement:
It is estimated that the net profit loss attributable to the shareholders of the listed company in the first half of 2024 will be 740 million yuan ~ 8.
China Resources Building Materials Technology:
The company achieved operating income of 10.312 billion yuan in the first half of the year. Profit attributable to owners of the Company (net profit attributable to the parent company) was RMB166 million, representing a year-on-year decrease of 70.
In the first half of the year, the Group's revenue was RMB6.567 billion, representing a year-on-year decrease of 25.8%; Loss attributable to shareholders was RMB531 million, representing a year-on-year increase of 124.
Asia Cement (China):
The Group earned RMB2.689 billion in the first half of the year, representing a year-on-year decrease of 34.49%; Loss attributable to shareholders of 405 million yuan, profit attributable to shareholders in the same period last year 1.
Western Cement:
In the first half of the year, the operating income was 3.702 billion yuan, a decrease of 15.8% compared with the same period last year; Net profit attributable to parent company was RMB387 million, representing a year-on-year decrease of 27.
Yatai Group:
In the first half of the year, the operating income of the Company was RMB2.929 billion, representing a year-on-year decrease of 37.74%; Net loss attributable to shareholders of the listed company 9.
In the first half of the year, the Company achieved an operating income of RMB2.392 billion, representing a year-on-year decrease of 25.44%; Net profit of 171 million yuan, a year-on-year decrease of 67.
Tapai Group:
operating income of 1.976 billion yuan, a year-on-year decrease of 31.17%; Net profit attributable to shareholders of the listed company was RMB226 million, representing a year-on-year decrease of 53 million
yuan:
the Company achieved an operating income of RMB2.588 billion in the first half of the year, representing a year-on-year decrease of 36.97%; The net profit was 1.5092 million yuan, a year-on-year decrease of 99.
Jianfeng Group:
It is expected that the performance of January-June 2024 will drop sharply, and the net profit attributable to shareholders of listed companies will be 38 million to 56 million. Net profit fell 65.96% year-on-year to 49.
Qingsong Jianhua:
In the first half of the year, the company achieved operating income of 2.059 billion yuan, down 4.04% year-on-year; Net profit attributable to shareholders of the listed company was RMB215 million, representing a year-on-year decrease of 19.
Fujian Cement:
operating income in the first half of the year was approximately RMB711 million, representing a year-on-year decrease of 30.71%; The net profit loss attributable to shareholders of listed companies is about 1.
Combing the reasons for the loss or performance decline of various enterprises, it is nothing more than continued weak demand and low price operation. According to the performance report
of Conch Cement, the demand for cement continued to be weak in the first half of the year and the market competition remained fierce due to the overall adjustment of the real estate market, the insufficient start-up of infrastructure projects and the large-scale continuous rainy weather, which prompted the bottom operation of cement prices.
Tianshan shares said that in the first half of the year, due to the continuous decline in real estate investment and insufficient funds for infrastructure projects, the decline in cement demand increased significantly, although the year-on-year decline in coal prices led to a significant reduction in costs, but due to the continued low price operation, the year-on-year decline was greater than cost decline. The gross profit margin declined year on year, and the benefit declined sharply year on year.
Fujian Cement said that during the reporting period, real estate investment continued to decline and infrastructure investment slowed down, directly affecting cement demand, which became more obvious after the Spring Festival, leading to a sustained decline in cement demand. At the same time, the continuous rainfall for a long time also affected the construction of the project, further weakened the market demand for cement, intensified the market competition, and led to the decline of cement sales volume and price.
Tianshan shares said that infrastructure investment is still the focus of steady growth, with the acceleration of ultra-long-term special treasury bonds, special bonds and other funds landing, the construction progress of major projects is expected to accelerate; Real estate demand remains weak, but with the release of positive policy signals from the real estate side, the steady promotion of stable policies such as the lifting of purchase restrictions and the transformation of villages in the city is expected to stimulate the demand of the housing construction market. It is expected that with the arrival of the traditional peak season of cement sales, the demand side will be better in the second half of the year than in the first half, and the price side is expected to continue to repair.
