China Resources Building Materials Technology Co., Ltd.: Enter the Game with Fighting Attitude!

2024-07-02 09:45:01

Next, the contradiction between domestic cement supply and demand continues to intensify, and what results will China Resources Building Materials Technology achieve when it enters the market with a fighting posture? We'll see.

On June 28, the "Symbiosis, Progress and Win-win" 2024 Brand Anniversary and Partner Conference of Huarun Building Material Science and Technology was successfully held in Changping, Dongguan. Entrusted

by Chairman Ji Youhong, President Jing Shiqing addressed the conference from three aspects: boosting confidence, taking various measures and upholding integrity.

He pointed out that in the face of the current complex and changeable industry environment, we should strengthen our confidence and belief, continue to climb the slope and overcome difficulties. China Resources Building Materials Science and Technology will also continue to boost the morale of development, increase the strength of development, adhere to the working idea of "seeking progress in stability, promoting stability through progress, establishing first and then breaking through", lead the development with strategic determination, drive forward with determination and courage, enter the game with a fighting attitude, take various measures and work together to promote the realization of the new mission and glory of building materials people, and strive to write a new chapter of high-quality development.

This year, the domestic cement market situation is still grim.

At the beginning of the year, Jing Shiqing pointed out at the working meeting of China Resources Building Materials Science and Technology in 2024 that China Resources Building Materials Science and Technology should take the market strategy of "grabbing share, keeping bottom line, optimizing structure and improving status" as the core to enhance the status of the industry.

According to the results of the first quarterly report released later, the strategy of "grabbing share" of Huarun Building Materials Science and Technology has been fruitful. The first quarter performance of

China Resources Building Materials Technology in 2024 showed a loss of 28.874 million yuan in the first quarter. Although China Resources Building Materials Technology has lost money, the author finds that its loss is not as much as that in the first quarter of 2023. In the first quarter of last year, the enterprise lost about 30 million yuan, which is equivalent to reducing the loss by more than 1 million yuan this year.

On the contrary, the performance of peers in the industry has shrunk dramatically in the first quarter of this year, such as Conch Cement 's profit fell 41% year-on-year, and Tianshan shares lost about 1.923 billion yuan.

At the same time, the sales of cement, clinker , concrete and aggregate of China Resources Building Materials Technology increased in the first quarter of this year. In particular, the total sales volume of cement clinker was approximately 13.03 million tons, representing a year-on-year increase of 5.2%; the sales volume of concrete was 2.3 million cubic meters, representing a year-on-year increase of 50.16%; and the sales volume of aggregate was 14.16 million tons, representing a year-on-year increase of 169.5%.

Next, the contradiction between domestic cement supply and demand continues to intensify, and what results will China Resources Building Materials Technology achieve when it enters the market with a fighting posture? We'll see.

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Correlation

Recently, the overall domestic demand has declined steadily, coupled with the weakening of local cost support, and the price of concrete has been stable and small. From November 14 to November 20, the national concrete price index closed at 112.35 points, down 0.13% annually and 10.08% year-on-year.