Tianshan Cement Co., Ltd.: Cement prices are expected to fluctuate and rebound in the fourth quarter as a whole

On October 27, Tianshan shares issued a record of investor relations activities. In terms of peak

staggering, Tianshan shares said that local governments are formulating peak staggering schemes according to local conditions, and the company will earnestly implement relevant policy requirements against industry involution, earnestly implement peak staggering schemes of local regulators and industry associations, and inject confidence into the recovery of the industry. At present, the consensus of the industry against "involution" competition is stronger, the mechanism and methods of peak staggering production are becoming more and more mature, and the foundation of the industry's ecological construction is more solid.

Overseas development , Tianshan shares said that in the face of the new trend of domestic cement industry development, the company will continue to accelerate the pace of structural adjustment, transformation and upgrading, actively respond to the national "going out" call, and accelerate the pace of internationa l development. In terms of

capacity policy, the company strictly implements the policy requirements of national capacity management and firmly promotes capacity reduction. Based on the analysis of the operating environment and the strategic planning of operation and development, the Company promoted the management of production capacity in an orderly manner, fully considered the production lines, layout and market demand, gave full play to its advantages of multiple production lines and wide layout, promoted the optimization of the Company's production capacity structure mainly by utilizing internal production capacity, and promoted the coordination and unification of enhancing the core competitiveness of enterprises and the structural reform of the supply side of the industry. In terms of

cost, Tianshan shares said that the cost reduction is mainly due to the integration advantages, scale effect and synergy effect after the reorganization. The company has formulated a detailed cost saving plan and an action plan for improving the indicators, and has used effective measures such as resource allocation, centralized procurement and technological transformation to precisely target and help in depth. Vigorously promote best practices, strengthen monthly tracking, and reduce costs as much as possible. In terms of tapping internal potential, there is still room for cost reduction in the future, and the company will continue to deepen the comprehensive cost reduction action plan and technological innovation measures to strengthen the foundation.

With regard to prices , cement prices have stopped falling and stabilized since September this year, and it is expected that cement prices will fluctuate and rebound in the fourth quarter as a whole.

Mainly affected by the following factors: First, seasonal demand has improved. The fourth quarter is the traditional peak construction season. The "14th Five-Year Plan" project has entered the closing stage. Some "15th Five-Year Plan" projects have started. It is expected that the demand in the fourth quarter will improve compared with the third quarter; Second, supply constraints have been strengthened. In winter, North China, Chongqing and other regions have entered the peak period one after another, and policies such as superimposed capacity management have been accelerated. Supply contraction helps to support prices.