2025, the issuance of government bonds was concentrated in the fields of debt conversion and land storage, and the funds for infrastructure projects had not been significantly improved. In addition, the project approval was strict, and the release of physical workload was relatively limited, so it was difficult for the infrastructure side to form a strong support for concrete demand. In terms of
real estate, due to the insufficient sustainability of market sales, the pressure on real estate enterprises to collect funds, coupled with the continuous reduction of land market transaction scale, subjective and objective factors have greatly limited the amount of new construction, and the demand for concrete on the real estate side has further shrunk.
At the same time, upstream raw material prices also showed a downward trend, concrete prices followed the cost down , and the decline was significantly higher than cost side, the profit margin of enterprise sales still declined compared with the same period last year.
Overall, in the first half of the year, the concrete industry continued the trend of falling in both volume and price, enterprises made profits downstream to maintain market share, the profit margin of products was further narrowed, and the industry's revenue scale and total profit were still significantly reduced compared with the same period last year.
According to the total data, in the first half of 2025, the main business income of industrial enterprises above the scale of concrete and cement products industry is expected to reach about 570 billion yuan, with a year-on-year decline of about 13%, and the total profit of the industry is expected to be about 8.5 billion yuan, with a year-on-year decline of about 20%.
Figures 1 and 2: Changes in revenue and profit of the concrete industry in the first half of 2025 (100 million yuan,%)
Data source: Cement Big Data (https://data.ccement.com/)
. Three A-share listed companies with commercial mixing as their main business have announced their business performance forecasts for the first half of the year. According to the disclosed data, the performance of Western Construction, Sifang New Material and Hainan Ruize in the first half of the year is expected to lose money, and the performance is generally lower than that of the same period last year.
Western Construction expects a net profit loss of 65 million yuan to 130 million yuan in the first half of the year, compared with a profit of 5.6288 million yuan in the same period last year. According to the announcement, the main reason for the loss of western construction performance is the intensified competition in the commercial concrete market, and the decrease in sales price is greater than that in the cost of main raw materials, which leads to the narrowing of the gross profit margin of commercial concrete sales.
Sifang New Material expects a net profit loss of 20 million yuan to 30 million yuan in the first half of the year, compared with a profit of 9.4747 million yuan in the same period last year. According to the announcement, the main reason for the performance loss of Sifang New Material is that the demand for commercial concrete in Chongqing has been greatly reduced, and the overall sales volume of the company is less than expected. In this context, competition in the industry has intensified, and sales prices have continued to decline compared with last year, which has a greater impact on profitability. At the same time, due to the lack of liquidity of downstream construction enterprises, some accounts receivable could not be recovered in time, and the amount of credit impairment loss increased.
Hainan Ruize expects a net profit loss of 55 million yuan to 65 million yuan in the first half of the year, compared with a loss of 48.2525 million yuan in the same period last year. According to the announcement, in the first half of the year, the competition in the commercial concrete market intensified, and the sales price of commercial concrete declined. At the same time, the decline in the comprehensive cost of major raw materials was lower than decline in the sales price, which led to the decline in the comprehensive gross profit rate of Hainan Ruize. Therefore, the performance loss of Hainan Ruize has increased.
According to China Concrete Network, nearly 30 concrete enterprises have filed for bankruptcy this year. The list is as follows:
Industry insiders said that the current demand is weakening, the contradiction between supply and demand is intensifying, overcapacity, fierce price competition and other problems are coming one after another, and both the cement and concrete industries are in trouble. To change this situation, industry self-discipline is imperative. Enterprises should reach a consensus, abandon short-term profit-seeking thinking, proceed from the overall interests of the industry, and reasonably control production capacity. In terms of price, enterprises should avoid falling into the quagmire of price war, jointly maintain a reasonable price range, and ensure that the industry has sufficient profits to support the follow-up development.
浙公网安备33010802003254号