Recently, some investors asked Jidong Cement that the cement industry has serious overcapacity, and high-quality companies such as Conch are improving quality and efficiency through mergers and reorganizations. Does your company have an acquisition plan this year? Does your company expect the market share to increase this year?
The Company replied that it would select the underlying assets in line with the Company's strategic planning to promote the relevant acquisition projects according to the annual investment plan; the Company would actively promote product innovation and service upgrading, and in the face of the risk of declining cement demand, on the basis of stabilizing market channels and high-quality customer groups, it would adhere to compliance management and strive for a steady increase in market share. In November
2023, Jidong Cement said that a number of projects were promoting mergers and acquisitions. According to China Cement Network, in 2023, the Second Department of Anti-monopoly Law Enforcement of the State Administration of Market Supervision and Administration issued a list of cases of unconditional approval of concentration of operators from October 23 to October 29, 2023. Tangshan Jidong Cement Co., Ltd. acquired the equity of Shaanxi Qinhan Hengsheng New Building Materials Technology Co., Ltd. According to
the data, the business scope of Shaanxi Qinhan Hengsheng New Building Materials Technology Co., Ltd. is: production, sales, inspection and testing of commercial concrete, pipe pile products, dry powder mortar and concrete admixture; research and development, sales, inspection and testing of packaging materials, building materials and laboratory equipment; general cargo transportation, pipe pile transportation and commercial concrete transportation.
