Recently, Tianshan Materials Co., Ltd. issued a record of investor relations activities, announcing the main contents of the interactive link of the performance presentation meeting.
Question: Since the fourth quarter of 2024, the profit of the cement industry has improved significantly. Can fourth quarter of last year be taken as a turning point? Has the industry returned to the process of rational competition in pursuit of profit? Can experience of stable operation of Xinjiang cement industry be promoted in the mainland?
Tianshan Co., Ltd.: In the first three quarters of 2024, the operation of the industry declined sharply, and the price reduction was not conducive to the transformation and upgrading of the industry towards high-quality development. Since the second half of the year, the concept has been gradually changed to implement the spirit of the Politburo meeting of "strengthening industry self-discipline and preventing" involution "vicious competition", and the price has been gradually restored. The decline in sales of leading enterprises has expanded, but the profits of the industry and enterprises have improved. 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. Focusing on the goal of "enterprises have profits, the state has tax revenue, employees have income, and the society has employment", the
Xinjiang industry insists on promoting peak-staggering production under the circumstances of downward demand and insufficient production capacity, which makes the peak-staggering plan effectively implemented and realizes the balanced development of social and economic benefits.
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