1、 Conch Cement's plan for the next 3 years
Conch Cement's plans for the next three years include: 1) optimizing the domestic market layout through mergers and acquisitions; 2) steadily expanding overseas business and exploring diversified development; 3) consolidating and upgrading the upstream and downstream industrial chain, and enhancing the quality and efficiency of the aggregate and commercial concrete industry; 4) promoting the development of digital industry, applying intelligent systems to improve productivity, and implementing energy-saving and emission-reduction transformation; 5) Promote the development of new energy and environmental protection industries and build green advantages. At the same time, we should pay attention to the low-carbon transformation of cement industry and the impact of carbon trading market.
2、 Cement Net Exclusive: What Are the Difficulties of Carbon Neutralization in Cement Industry?
As a major carbon emitter, the cement industry faces difficulties in the process of carbon neutralization: the carbon emission of raw materials is difficult to reduce, and the supply of technology and alternative materials is limited; the carbon emission of fuels needs to further improve the utilization rate of alternative fuels; the carbon emission of electricity can be reduced through clean energy; and the carbon emission of transportation is expected to be reduced through green transformation. Achieving full carbon neutrality requires technological innovation, policy support and market mechanisms.
Conch Cement plans to meet the challenges brought by the slowdown in real estate and infrastructure investment by strengthening market control and promoting high-quality mergers and acquisitions projects at the right time, while developing aggregate and commercial mixing industries, promoting the development of environmental protection, new energy and digital industries, so as to consolidate the company's competitiveness. Facing the demand of carbon trading market and green low-carbon transformation, we will participate in the 2024 China Cement Double Carbon Conference to discuss the low-carbon development of cement industry and the application of carbon trading mechanism.
China's cement industry will soon be incorporated into the national carbon emissions trading market, and listed companies are actively preparing to respond. Tianshan shares strengthen energy saving and carbon reduction, green transformation, improve production efficiency, and promote carbon reduction in the whole industry chain. Conch Cement implements the medium and long-term carbon emission reduction plan, explores cutting-edge technologies and promotes intelligent systems. Jidong Cement promotes low-carbon and high-end transformation through the "five-carbon project". Huaxin Cement pays attention to the green and low-carbon development of the whole life cycle, and uses alternative fuels and industrial waste residues to reduce emissions. China Cement Network will hold a double carbon conference to focus on low-carbon development.
5、 Decision of the Standing Committee of the National People's Congress on Implementing a Gradual Extension of the Statutory Retirement Age
The Standing Committee of the National People's Congress has decided to implement a gradual postponement of the statutory retirement age from 2025. The retirement age will be extended from 60 to 63 for men and from 50 and 55 to 55 and 58 for women. The adjustment will be implemented step by step in 15 years, and a flexible retirement mechanism will be introduced. At the same time, the minimum payment period of basic pension will be raised, and the construction of employment and pension service system will be strengthened.
When investors inquired about the reason why Conch Cement's operating cash flow was better than its net profit in the first half of the year, Fan Zhan, the chief financial officer, responded that this was mainly due to the company's improved asset liquidity and operational efficiency, accelerated the turnover of accounts receivable, notes receivable and prepaid accounts, resulting in a decline in the balance of these accounts at the end of the period compared with the beginning of the year. In the first half of the year, Conch Cement realized a net cash flow of 6.9 billion yuan, an increase of 1.8 billion yuan over the same period last year. The company plans to continue to strengthen the management and control of accounts receivable and prepayments to optimize cash flow management.
7、 Weekly Report of Cement Network: Cement Prices in Central and South China in the Two Lakes Region Have Been Notified to Rise One After Another (9.9-9.13)
Cement prices in central and southern China fluctuated this week, with prices falling in Guangdong and Guangxi and rising in many places in the two lakes (Hubei and Hunan). Some manufacturers in Henan tried to raise prices, but the implementation was not satisfactory. Affected by rains and typhoons, market demand recovers slowly, and cement prices in the Pearl River Delta region of Guangdong may continue to decline. Hubei and Hunan notified to raise cement prices due to rising costs and other factors. In order to alleviate the pressure of market supply and demand, Henan has implemented the policy of staggering peak and stopping kilns. At the same time, the industry pays attention to environmental protection and carbon emission reform projects.
8、 Weekly Report of Cement Net: Prices in the Yangtze River Delta Region of East China have fallen in many places this week (9.9-9.13)
Cement prices in the Yangtze River Delta region of East China have fallen in many places this week. Zhejiang's inventory is medium, northern Zhejiang's pressure is high, Jiangsu's clinker price falls, Anhui's sales are poor due to weather, Shandong's inventory is high, Fujian enterprises plan to raise prices but demand is insufficient, Jiangxi's price is temporarily stable but Ganzhou has a callback. The national carbon emission trading market will cover cement and other industries, and the ultra-low emission transformation and carbon asset management of the cement industry will become new opportunities.
