Cement Economy 50 People Forum | Feng Cunwei: Heaven Is Not Terrible, the Most Terrible Is Man-made Disaster

2025-03-13 18:29:30

Feng Cunwei, vice president of Shandong Shanshui Cement Group Co., Ltd., pointed out that in the first three quarters of 2024, the industry was indeed very unhappy, and everyone was in a heavy mood. Cement prices rose and fell, but in the fourth quarter, with the joint efforts of the industry, cement prices were pushed up. Last year, the sales volume in Northeast China decreased significantly, but the profit increased significantly, which proves that self-discipline is king, the sky is not terrible, and the most terrible thing is man-made disasters.

On March 13, the "50 People Forum on Cement Economy" sponsored by China Cement Network was held in Hangzhou, Zhejiang Province. Feng Cunwei, vice president of

Shandong Shanshui Cement Group Co., Ltd., pointed out that in the first three quarters of 2024, the industry was indeed very unhappy, and everyone was in a heavy mood. Cement prices rose and fell, and fluctuated. But in the fourth quarter, with the joint efforts of the industry, the price of cement has been pushed up. Last year, the sales volume in Northeast China decreased significantly, but the profit increased significantly, which proves that self-discipline is king, the sky is not terrible, and the most terrible thing is man-made disasters.

Feng Cunwei pointed out that normalized peak staggering production is the best policy, and the industry will never get rid of the predicament without normalized peak staggering production. In order to implement normal peak staggering production, normal joint office is a key measure. Feng Cunwei believes that all the problems lie in information asymmetry and inconsistent behavior. Normalized joint office is a key move, which is the key to the coordination of the cement industry.

Feng Cunwei appealed that the industry must be honest, and in 2025, the industry should stick to one sentence, not to do the next three abuses, and strive to carry the three flags.

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Feng Cunwei, vice president of Shandong Shanshui Cement Group Co., Ltd., pointed out that in the first three quarters of 2024, the industry was indeed very unhappy, and everyone was in a heavy mood. Cement prices rose and fell, but in the fourth quarter, with the joint efforts of the industry, cement prices were pushed up. Last year, the sales volume in Northeast China decreased significantly, but the profit increased significantly, which proves that self-discipline is king, the sky is not terrible, and the most terrible thing is man-made disasters.

2025-03-13 18:29:30

In accordance with the relevant provisions of the Detailed Rules for the Implementation of the Pre-reorganisation of the Intermediate People's Court of Changchun City, Jilin Province (for Trial Implementation), during the period of pre-reorganisation, the Company and some of its subsidiaries subject to pre-reorganisation shall not pay off their debts except for the necessary expenses for the continued operation of the enterprise and the maintenance of its operating value. As at the date of this announcement, the principal and interest of overdue debts of the Company and its subsidiaries amounted to RMB6.959 billion, representing 1,124.30% of the latest audited net assets attributable to the parent company of the Company.