Recently, China Resources Building Materials Technology released its first quarter performance in 2024, saying that it lost 28.874 million yuan in the first quarter. Although China Resources Building Materials Technology has lost money, the author finds that its loss is not as much as that in the first quarter of 2023. In the first quarter of last year, the enterprise lost about 30 million yuan, which is equivalent to reducing the loss by more than 1 million yuan this year.
In contrast, the performance of peers in the industry has shrunk dramatically in the first quarter of this year, such as Conch Cement profits fell 41% year-on-year, and Tianshan shares lost about 1.923 billion yuan.
At the same time, the sales of cement, clinker, concrete and aggregate of China Resources Building Materials Technology increased in the first quarter of this year. In particular, the total sales volume of cement clinker was approximately 13.03 million tons, representing a year-on-year increase of 5.2%; the sales volume of concrete was 2.3 million cubic meters, representing a year-on-year increase of 50.16%; and the sales volume of aggregate was 14.16 million tons, representing a year-on-year increase of 169.5%.
Especially in Guangdong and Fujian, cement sales in the first quarter of this year increased significantly compared with the first quarter of last year. In the past two years, China Resources Building Materials Technology has not added new clinker production capacity in Guangdong and Fujian. For example, in Guangdong, China Resources Building Materials Technology sold 5.854 million tons of cement in the first quarter of this year, an increase of nearly 500,000 tons over last year's 5.367 million tons.
While the demand for cement is declining, the sales volume of cement clinker of China Resources Building Materials Technology has increased significantly, which may be closely related to its market strategy of "grabbing share, keeping bottom line, optimizing structure and improving status" set in 2024. In February
this year, China Resources Building Materials Science and Technology held a "good start, good start" working meeting in Guangzhou in 2024. Jing Shiqing, president of the company, pointed out that in 2024, China Resources Building Materials Science and Technology should strive to catch up and win the championship, enter the game with a fighting posture, win the "five battles" and effectively implement the "five guarantees":
to regain the cost advantage with the "full value chain cost reduction" as the starting point; With the market strategy of "seizing the share, keeping the bottom line, optimizing the structure and improving the status" as the core, we will enhance the status of the industry; with the "new material strategic planning" as the blueprint, we will break through the transformation; with the "concept, ability and style improvement" as the cornerstone, we will reshape the organizational ability; with the promotion of stability, we will promote high-quality development, strive to catch up and win the market, and ensure the completion of all tasks and objectives in 2024.
It is understood that the clinker production capacity of China Resources Building Materials Technology is mainly distributed in Guangxi, Guangdong and Fujian. By the end of 2023, the annual clinker production capacity of China Resources Building Materials Technology in Guangdong, Guangxi and Fujian has reached 52.452 million tons, accounting for about 80% of the company's total clinker production capacity. At a time when the
industry is facing severe challenges, it is of immeasurable strategic significance and practical effectiveness to actively promote the upgrading of production equipment, promote energy-saving technological innovation and environmental protection upgrading and transformation of the cement industry, so as to enhance the core competitiveness of cement enterprises and achieve sustainable development of the industry.
To this end, China Cement Network will hold the 11th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference-Equipment Renewal Forum in Nanjing, Jiangsu Province on June 13-14 . This forum will gather government leaders, industry technical specialist, scientific research institutions, universities, cement enterprises and equipment suppliers to discuss and analyze the practical path of equipment renewal and green upgrading in the cement industry, so as to promote the industry to move towards a more energy-efficient, greener and environmentally friendly future. After the meeting, we will also organize a visit to Jurong Taini Cement Co., Ltd., a national green factory and a national green mine.
