Featured | Cement prices in Yunnan and Zhejiang are mixed; Asia Cement (China) and China Resources Building Materials Technology forecast lower profits; the State Council approves big projects in 18 p

< Market Overview & gt;

. Notice of cement price increase in many places in Yunnan ( click the title to view the full text)

From 13-18, leading enterprises in Dali, Lijiang, Dehong, Baoshan, Diqing and other regions notified an increase of 30 yuan/ton in cement price.

2. Cement enterprises in Shandong: The probability of loss

in 2024 Cement prices in Shandong continued to fall, and many cement enterprises were operating at a loss. It is expected that they will continue to lose money in 2024, and enterprises will adopt the strategy of seizing the market at a low price to intensify market competition.

3. Construction sites have been shut down for holidays, and Zhejiang has fallen by more than 6%! (1.15 ~ 1.19)

Near the Spring Festival, the national cement price continues to be weak, and it is expected to remain weak next week. According to the specific changes in the price of P.O42.5 bulk cement in 31 provinces, municipalities and autonomous regions, one province (city) rose, 16 provinces (cities) were flat last week, and 14 provinces (cities) declined annually, with Zhejiang falling significantly by more than 6%. Price change of P.O42.5 bulk cement in 31 provinces and cities

in China on a month-on-month basis (%)

< Today's focus >

1. Asia Cement (China): Profit attributable to equity holders in 2023 is expected to decrease by approximately 75%

year-on-year. The Group's unaudited profit attributable to equity holders in 2023 is expected to decrease by approximately 75% as compared to the corresponding period in 2022, mainly due to the decrease in the selling price of the Group's products during this period. According to the data of China Cement Network, in 2022, Asia Cement (China) realized 9.614 billion yuan in operating income and 420 million yuan in net profit attributable to the parent company.

2. CR Building Material Technology: Profit attributable to shareholders for the year is expected to decrease by approximately 58% to 67%

as compared to the same period last year. Profit attributable to owners of the Company for the year ending 31 December 2023 is expected to decrease by approximately 58% to 67% as compared to the year ending 31 December 2022. This was mainly due to the decrease in the selling price of the Group's products in 2023 as compared to 2022.

3. State Council: Big Projects in 18 Provinces Are Coming! It must be strictly enforced!

Up to now, the State Council has successively approved the Territorial Spatial Planning (2021-2035) of 18 provinces, including Jiangsu, Guangdong, Shandong, Fujian, Hunan, Anhui, Jiangxi, Hebei, Shanxi, Jilin, Ningxia, Hainan, Zhejiang, Guangxi, Inner Mongolia, Guizhou, Qinghai and Heilongjiang.

4. Conch Cement: to co-ordinate domestic and international coal procurement resources to reduce costs

conch cement said that it has no plan to invest in coal enterprises for the time being, and will continue to consolidate the strategic cooperation with large coal enterprises, increase direct supply procurement volume, and co-ordinate domestic and international coal procurement resources to reduce procurement costs.

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