Shanghai's cement consumption in March was 1.68 million tons, down 19% from the same period last year;

2025-04-10 09:45:23

In March, Shanghai's cement consumption was 1.68 million tons, down 19% year on year; the cumulative cement consumption was 3.57 million tons, down 27% year on year. Mainly due to the drag of funds, after the Spring Festival this year, the pace of project resumption is slow, new projects start less, and some projects under construction are also delayed.

In March, Shanghai's cement consumption was 1.68 million tons, down 19% year on year; the cumulative cement consumption was 3.57 million tons, down 27% year on year. Mainly due to the drag of funds, after the Spring Festival this year, the pace of project resumption is slow, new projects start less, and some projects under construction are also delayed. In terms of

brand concentration, the market share of the top three brands was 41.3%, down 7.2 points year on year. Since the end of February, the price of cement has been pushed up continuously, but the implementation of each brand is different, the price difference is large, the price of mainstream brands is strong, the number of traders and terminals is reduced, and the market share is reduced.

In terms of source regions, the top three sources are Jiangsu, Anhui and Shanghai, with Jiangsu accounting for 48.6%, a decrease of 1 point, Anhui accounting for 19.6%, an increase of 2.5 points, and Shanghai accounting for 11.0%, an increase of 0.2 points. Jiangxi along the Yangtze River accounted for 7.9%, Hubei for 4.7%, and Chongqing for 2.1%.

In March, with the gradual resumption of the project, the consumption of cement increased significantly, but decreased significantly year-on-year. In April, some new projects were started, and the problem of "earthwork is difficult to produce" in Shanghai was alleviated, so the consumption of cement continued to increase, but it was difficult to reach the level of the same period last year.

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In March, Shanghai's cement consumption was 1.68 million tons, down 19% year on year; the cumulative cement consumption was 3.57 million tons, down 27% year on year. Mainly due to the drag of funds, after the Spring Festival this year, the pace of project resumption is slow, new projects start less, and some projects under construction are also delayed.

2025-04-10 09:45:23

In accordance with the relevant provisions of the Detailed Rules for the Implementation of the Pre-reorganisation of the Intermediate People's Court of Changchun City, Jilin Province (for Trial Implementation), during the period of pre-reorganisation, the Company and some of its subsidiaries subject to pre-reorganisation shall not pay off their debts except for the necessary expenses for the continued operation of the enterprise and the maintenance of its operating value. As at the date of this announcement, the principal and interest of overdue debts of the Company and its subsidiaries amounted to RMB6.959 billion, representing 1,124.30% of the latest audited net assets attributable to the parent company of the Company.