3.25 Cement Morning Post: Conch Cement's net profit in 2024 decreased by 26.19%; China Cement Net Shao Jun visited Jianfeng Group; China Cement Net Shao Jun visited Hongshi Group

1. Conch Cement: The net profit attributable to the parent company in 2024 was 7.696 billion yuan, down 26.19%

from the same period last year. On the evening of March 24, Conch Cement announced that its operating income in 2024 was 91.03 billion yuan, down 35.51% from the same period last year. The net profit attributable to the parent company was RMB7.696 billion, representing a year-on-year decrease of 26.19%, and the proposed cash dividend per share was 0.During the reporting period, the Group had a number of new production capacity, including the increase of clinker production capacity overseas and the increase of cement production capacity in various ways. Such as 274 million tons of clinker, 4.2 tons of

cement,

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4 . Weekly Report of Cement Net: The price of Fujian cement in East China is planning to continue to rise by 20 yuan/ton (3.17-3). With the improvement of weather, the recovery of demand, the strong implementation of kiln shutdown and the low inventory in Fujian, the enterprise intends to rise by another 20 yuan/ton from the 22nd. Jiangsu stabilized after the general rise at the beginning of the month, and the price trend in northern Jiangsu was affected by the periphery. Zhejiang demand recovery, driven by the periphery, some areas have risen, or rose again in the latter half of the year. After the upward adjustment at the beginning of the month, many places in Anhui were temporarily stable, with some callbacks. Jiangxi and northeast Jiangxi have risen, and it is difficult for other regions to raise prices. Shandong's implementation is not good enough, and some of them have fallen back to the level before the rise. At the same time, it also involves relevant industry information, such as the views of the Cement Economic Forum.

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6 . Weekly report of cement website: The market of cement price index was good in the 9th week, and the market in many places was planning to continue to raise prices (3.17-3.21). The national cement price index rose on a month-on-month basis and on a year-on-year basis, and the six regions rose more and fell less. Demand in the north slowly recovers and prices rise in some areas, while demand in the south recovers quickly and enterprises have a strong willingness to raise prices. Provinces and cities P.O42. It is estimated that the national cement demand will decrease by 5% -8% in 2025, and the demand in different fields and quarters will decrease. At the same time, it also involves relevant market information such as the situation of kiln shutdown and production restriction in various regions, Zhonglian Cement Mine, the forecast of relevant indicators of real estate enterprises in 2025, and the performance of Holcim Group in 2024.

Cement prices in the Pearl River Delta and western Guangdong in central and southern China continued to rise by 20-30 yuan/ton (3.17-3.21)

3.17-3. The Pearl River Delta and western Guangdong rose by 20-30 yuan/ton. Although rainwater affects demand, inventory pressure is not large and driven by the periphery. Guangxi is temporarily stable after rising, and the original plan is to rise again, but the demand is generally lack of confidence. Hubei part of the region rose 30 yuan/ton, the overall stability. Prices in Hunan are stable. Henan fell back after rising. Driven by the surrounding areas, Hainan was notified to raise the price by 30 yuan/ton. At the same time, it also reported the relevant industrial information, such as the auction of mining rights, the adjustment of clinker production line construction, the ranking of cement kiln opening rate in each province, the research of carbon mineralization products, the bankruptcy of concrete enterprises and the start of commercial concrete projects.

8 . Weekly report of cement network: cement prices in North China, Beijing-Tianjin-Hebei region stabilized, and the recovery of Shanxi and Inner Mongolia markets was under pressure (3.17-3.21)

. The regional differentiation of North China cement market, 3.17-3. The recovery of Shanxi and Inner Mongolia was slow. Weak demand leads to low operating rate of clinker production line and weak supply and demand. After the price adjustment of Jinzhong and Jinbei enterprises, Linfen and Yuncheng followed up, but most enterprises did not complete the price adjustment, and the implementation needs to be tracked. It also involves the completion of preparations for the expansion of the national carbon market, the ranking of the opening rate of cement kilns in various provinces, the operation of cement kilns in Hebei Province, the withdrawal of the qualification of Shanxi Installation Group, and the promotion of the development of the green certificate market.