by Tianshan Stock Company, recently, the company held a performance presentation and participated in the collective performance presentation of listed companies of China Building Materials Group Co., Ltd. The relevant person in charge of the company introduced the business situation and answered questions from investors.
In view of the strategic development of internationalization, Tianshan said that in the face of the new development trend of the domestic cement industry, the company accelerated the pace of structural adjustment, transformation and upgrading, and international development, and actively responded to the call of the state to "go out". As the company's overseas investment and operation platform
, Sinoma Cement currently has a total cement production capacity of 2 million tons, clinker production capacity of 1.55 million tons, commercial mixing production capacity of 200,000 cubic meters, aggregate production capacity of 2 million tons and sintered brick production capacity of 60 million pieces in Zambia, Nigeria and Mongolia. In
2024, the company's international business continued to maintain a profitable trend, with increased sales and profits.
Recently, the company's Tunisia project has completed the procedures of cutting and equity change. In 2025, we will push forward the landing of key projects and continue to expand the international market. In terms of development mode, the company will generally focus on mergers and acquisitions , supplemented by green space projects, and will also consider landing some projects through light assets such as leasing. In 2023, the
company introduced Sinoma International as a shareholder of Sinoma Cement, which can give full play to its advantages of international development experience, global localization operation, international talent, market frontier information, and comprehensive services such as engineering, transformation, operation and maintenance, spare parts, logistics, etc. It combines the management advantages, talent advantages and mechanism advantages of Tianshan's industrial management for many years to ensure the quality of overseas development. On
the market side, Tianshan shares said that in the first three quarters of 2024, the industry's business situation declined sharply, and "price reduction and volume grabbing" was not conducive to the transformation and upgrading of the industry towards high-quality development . Implementing the spirit of the Politburo meeting of "strengthening industry self-discipline and preventing" involution "vicious competition", cement prices have been gradually restored. Although the decline in sales of leading enterprises has expanded, the profits of the industry and enterprises have been improved. On the basis of the sharp decline in demand in the second half of
last year, the company expects that demand will continue to decline in the first half of 2025 due to insufficient rolling of stock projects and the reduction of new start-up projects.
However, as the country continues to push the real estate market to stop falling and stabilize, and the capital situation is expected to improve, some infrastructure projects have been launched, and the demand decline is expected to gradually narrow in the second half of the year. In the
first quarter of this year, the price of cement dropped compared with the end of 2024, but in March, many places began to carry out re-pricing, and the price of cement maintained overall stability in periodic and regional fluctuations. The price level of cement in the first quarter of this year was slightly higher than that of last year.
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. The company will earnestly implement the relevant policy requirements against industry involution, earnestly implement the peak staggering scheme of local regulatory bodies and industry associations, inject confidence into the recovery of the industry, and help to achieve a balanced development of social and economic benefits. In terms of
aggregate, by the end of 2024, the company has 230 million tons of aggregate production capacity. In the future, the company will not invest in new large-scale aggregate mines. At the same time, the company will focus on accelerating the construction of projects under construction and adhere to the concept of "professional management and integrated management". Give full play to the advantages of the industrial chain, increase the expansion of key projects, municipal engineering, civil and rural markets, and strive to stabilize the sales and profits of aggregate business.
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