On November 1, Jinyu Jidong issued a record of investor relations activities, which responded to the cement industry outlook for 2026, the impact of restrictions on overproduction and the progress of capacity replacement.
Regarding the outlook for cement demand and price in 2026, Jinyu Jidong said that in general, cement demand will continue to show a downward trend in 2026, but as the opening year of the 15th Five-Year Plan, infrastructure investment may be moderately pre-arranged for some major projects. The Fourth Plenary Session of the 20th CPC Central Committee also announced some plans, including traditional and new infrastructure, new urbanization and urban renewal, which will provide support for cement demand. The company predicts that the supply-demand relationship and price will be improved next year with the optimization of supply-side reduction and the intensification of peak-staggering production. In the long run, with the in-depth implementation of the national anti-involution policy in the cement industry, cement prices are expected to be reasonably repaired.
Regarding the impact of restricting overproduction on the supply side, Jinyu Jidong said that the restriction of overproduction in the cement industry will have an optimal impact on the supply side, and the landing of the policy of restricting overproduction will lead to a substantial contraction of the total supply. Superimposing policies such as strictly prohibiting new capacity and replacing inefficient capacity will effectively digest redundant supply, improve the utilization rate of industry capacity and standardize market order.
As for the progress of the company's capacity replacement, Jinyu Jidong actively promotes the work of capacity replacement by adjusting and optimizing the internal capacity structure and purchasing capacity indicators, and continuously consolidates the company's core competitiveness . At present, a total of six production line capacity replacement schemes have been announced and publicized . The capacity replacement work of other enterprises has been steadily promoted as planned.
In addition, the company will adhere to the strategic layout of "one core, one body and two wings", and implement integration in core and key areas: horizontally select targets with good asset quality and sufficient resource reserves to make quality increments; Extend the industrial chain of aggregate and concrete vertically, and further enhance the competitive advantage of the vertical integration layout of the industrial chain.
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