On September 13, Conch Cement held a semi-annual performance presentation in 2024 to answer investors' questions.
Q: At present, the demand for domestic infrastructure construction and real estate market has declined, which has led to a significant reduction in the market demand for cement. Although Conch Group has shown stable profitability in its annual report in the first half of the year, in the long run, the company will undoubtedly face severe challenges. What is your company's five-year plan to address these complexities and ensure continued growth?
Answer: In the face of the adverse effects such as the deep adjustment of real estate and the slowdown of infrastructure investment, the company will adhere to the principle of "market, resources and returns" and enhance market control to promote high-quality M & a projects in areas with low industry concentration and blank markets. At the same time, we will make every effort to promote the layout of aggregate and commercial mixing industry, create new profit growth points, promote the mutual promotion and coordinated development of environmental protection industry, new energy industry and digital industry, and further consolidate and enhance the competitiveness of the company.
The cement industry will soon be incorporated into the carbon trading market, and the importance of green low-carbon transformation has become increasingly apparent. To this end, China Cement Network will hold the " 2024 China Cement Double Carbon Conference and the 12th Energy Conservation and Environmental Protection Technology Exchange Conference " in Wuhu Conch International Hotel on October 24-25. The conference will focus on the core issues of low-carbon development and green upgrading in the cement industry, discuss the application of energy efficiency improvement and energy-saving and carbon reduction technologies, and how the cement industry can use the carbon trading mechanism to promote its low-carbon transformation.
