In the overall downturn of the cement industry, Sichuan Shuangma has made good profits through the transformation of private equity investment fund management business, with a net profit of 113 million yuan. Although the company's cement business lost about 3.4 million yuan, its aggregate business and investment fund management business performed well, especially the profit of private equity investment fund management business reached 221 million yuan, demonstrating the successful case of business transformation and d iversified development under the challenges of the industry.
In August 2024, the demand of cement industry was low, and the market continued to weaken. The national cement price index fell by 3.21%, and the regional market was generally sluggish. In terms of cost, the average spot price of thermal coal declined on a month-on-month basis, the price difference between cement and coal narrowed, and the profit of the cement industry deteriorated. Regional quotations showed that East China led the decline and Northwest China rose slightly. The market demand is insufficient, pushing up the fatigue, and the effect of peak staggering and kiln shutdown on price promotion is limited. It is expected that the terminal demand will usher in a turning point in September, and the cement price is expected to fluctuate strongly.
3、 Monthly Report of Cement Network: Monitoring Report on Output of Cement Kilns in Shaanxi Province in August 2024
In August 2024, the average opening rate of cement kilns in Shaanxi Province was 42.1%, down 19.59 percentage points from the previous month. The average shutdown time of each cement kiln increased to 17.95 days. The monthly production capacity of clinker was 6.3674 million tons, the actual output was 2.657 million tons, and the capacity utilization rate dropped to 41.73%. The clinker output of Shaanxi Fuping Ecological Cement Co., Ltd. ranks first in the province, accounting for 10.1%. The overall cement market kiln opening rate and capacity utilization rate have declined.
The semi-annual report of Jidong Cement in 2024 shows that the company's operating income in the first half of 2024 was 11.22 billion yuan, down 22.55% year-on-year, and the net profit loss was 806 million yuan, down 120.18% year-on-year. The main reason was that the decline in market demand led to a decline in both sales volume and average sales price of cement and clinker, with a decrease of 13.15% in sales volume and a decrease of 14.24% in average price.
After the bankruptcy reorganization process, Gansu Licorice Cement has successfully resumed its production and operation like a "fish reborn". The company may have faced financial difficulties or operational challenges, but through the reorganization process, it was able to solve the debt problem, restructure the management structure, optimize the production process, and ultimately achieve recovery. This indicates that Gansu Licorice Cement has come out of the predicament and regained the vitality of the market.
Star private equity in the wait-and-see in a small number of positions, Feng Liu increased holdings of conch cement and other targets, Deng Xiaofeng reduced holdings of Zijin Mining, but retained panel leading stocks. China actively promotes the construction of "waste-free cities" and carries out innovative practices in solid waste management in many cities. * ST Shentian will delist and sue controlling shareholders because its market value is lower than regulations. Property market data show that the price of new residential buildings in Baicheng has risen slightly, and the Country Garden Holdings has delayed the release of financial reports. Xinjiang Jiaotong Construction released a report on sustainable development, committed to environmental protection and social responsibility. Yangquan promotes the development of automatic driving industry, and Baidu data center has settled down and helped the city transform.
Huaxin Cement released its semi-annual report for 2024, which showed that the company achieved a total operating income of 16.237 billion yuan, a slight increase of 2.56% over the previous year, but its net return to its mother fell by 38.74% to 731 million yuan. The company's gross interest rate and net interest rate declined by 0.73% and 2.24%, respectively, to 23.65% and 6.29%. This shows that the profitability of Huaxin Cement has been weakened in the case of increasing income.
8、 Cement Network Video: Interim Results Delayed Release, Tianrui Cement Continues to Suspend Trading
China Tianrui Cement failed to release its interim results for 2024 on time, which led to the decision of its Listing Review Committee to maintain the suspension of its listing. The original plan to resume trading on September 3, 2024 has been postponed, and trading will remain suspended until the company announces its interim results. Earlier, Tianrui Cement's share price fell sharply on April 9, with a maximum decline of 99.3% and a market value loss of HK $14 billion, and then the company's shares were suspended on April 10.
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