2025, affected by the deep decline of real estate investment and the sustained slowdown of infrastructure investment, the demand for cement continued to decline, the output reached a new low in 16 years, the contradiction between supply and demand further increased, in addi tion to the fierce market competition and poor synergy, the overall price of cement fluctuated lower, but benefited from the decline in coal costs, coupled with the low base in the same period. The profits of the industry have been significantly restored, and the operating conditions of most enterprises have been improved to a certain extent.
At present, 19 listed companies have disclosed their third quarter results, including 4 in Hong Kong and 15 in Shanghai and Shenzhen.
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