Some investors asked Jidong Cement how they lost money? The company responded that in 2023, due to multiple adverse factors such as excess supply and intensified market competition, cement prices fell sharply year-on-year and bottom shocks, industry efficiency continued to decline sharply, the company is located in the north, the price of products in the core region fell sharply, despite the company's efforts to reduce costs and increase efficiency. However, the decline in costs and expenses is difficult to compensate for the adverse effects of the decline in prices, resulting in a loss in operating performance. The first quarter of 2024 belongs to the traditional off-season in the north, which is affected by the decline in demand and other factors, resulting in losses. Sales and prices have improved in April. 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.
