Jinyu Group talks about the follow-up cement price outlook

Recently, Jinyu Group and Jidong Cement released a record of investor relations activities. The main contents are as follows:

BBMG Group

Q: The company's average price of cement in the first quarter, the follow-up cement price outlook?

Answer: In the first quarter, the cement price performed well, with a year-on-year increase of more than 20 yuan/ton. After the Spring Festival, most regions of the country have pushed up 1-2 rounds of prices, and the overall situation is good. Prices

in March increased year-on-year and month-on-month. Predicting the rhythm of this year is to strive for a relatively high start from March to May, to ensure the smooth operation of prices through precise peak staggering from June to August, and to close the market from September to December.

It is expected that the price center of each stage this year will be higher than that of last year, thus improving profits.

Q: In the second and third quarters of last year, the Northeast and North China regions maintained a very good profit pattern, and even said that a new force has sprung up. What experience do you have?

Answer: First, the company actively adheres to the unity of safeguarding the interests of the industry and realizing the interests of the enterprise itself, and plays a leading and exemplary role of large enterprises. The second is to implement the state's industrial development policies and industry initiatives. Thirdly, we should constantly optimize marketing strategies, emphasize internal and external synergy, emphasize lean marketing, and accurately control the balance of volume and price.

Ask: What is the progress and future plan of cement integration in Northeast China?

Answer: At present, the Company promotes the integration in the Northeast cement market on the platform of Liaoning Jinzhong Company, and has successively acquired Shuangyashan New Era Company and Liaoning Hengwei Cement Group, which has achieved initial results. It has completed the integration of the management and control system of the whole business chain of Shuangyashan New Age Cement, and the integration of Liaoning Hengwei Cement Group is steadily advancing. The next step is to continue to play the role of Liaoning Jinzhong Company.

Ask: What measures has the company's cement business taken to reduce costs and control costs?

Answer: The reduction of the company's cost is due to the innovation in the way of purchasing. We have implemented the strategy of centralized procurement and long-term cooperation agreements, and established solid cooperation with large enterprise groups. Through centralized purchasing, we have achieved significant cost savings in bulk supplies. At the same time, combined with regional management and control measures, resources are integrated in the region, and centralized procurement is carried out by the regional center, which effectively reduces logistics costs and procurement prices. In addition, technological transformation and innovation have also played an important role in further reducing coal and electricity consumption in the production process.

Jidong Cement

asked: What is the profit growth point after the company?

In 2025, the company will tap the potential of operation and management, improve efficiency and efficiency in an all-round way, and continue to build core competitiveness. First, market-oriented, enhance differentiation and new product value creativity. Give full play to the role of a unified market, segment the market and customer differentiated demand, continue to promote market synergy, and raise prices steadily. Second, dig deep into material procurement and make every effort to reduce procurement costs. Optimize the procurement of coal centralized mining channels and spare parts and auxiliary materials, and strengthen the management and control of regional centralized mining. Third, optimize production and operation management, vigorously reduce operating costs, energy saving and consumption reduction work lean, and promote the continuous improvement of production efficiency. Fourth, we should give full play to the efficiency of financial management and control and reduce financial costs.

Ask: I would like to ask the company's secretary, how about the company's follow-up acquisition plan? In the future,

the company will adhere to the Beijing-Tianjin-Hebei region as the core, North China as a whole, Northeast and Northwest as the wings, and integrate vertically through horizontal integration such as capacity replacement, merger and reorganization, resource reserve increase, internal resource optimization, industrial chain extension and industrial system reconstruction, while actively seeking investment along the Belt and Road in the future. Steady development of overseas business. The company insists on quality increment, integrates and merges high-quality assets, and forms a new pattern of reasonable layout structure and regional coordinated development.

Ask: Is it compliant for the company to pay cash dividends in the case of losses? The accumulated undistributed profit of the

Company is positive, and the dividend distribution does not violate the provisions of laws and regulations in the case of current losses. The Company also simultaneously revised the relevant contents of dividend distribution in the Articles of Association, and the dividend distribution is compliant. The company also issued a three-year return plan to give back to all shareholders.

Ask: What is the sales proportion, average price and market space outlook of the company's special customized cement?

In 2024, the company sold 4.86 million tons of special and customized cement, up 47% year-on-year, accounting for 6% of sales. The average tax-inclusive price is higher than average price of the whole company, especially the profit contribution of moderate to low fever, oil wells, iron standard cement and other varieties. Judging from the situation in 2024, the demand for special scenarios such as water conservancy, nuclear power and pumped storage will continue to grow, and the company will increase the R & D and promotion of special and high-performance cement products such as moderate to low fever, oil wells, nuclear power, Ryu (iron) aluminate and high Belite, while intensively cultivating the civil market and promoting low carbon. And extend and expand the mortar market. It is estimated that in 2025, special and customized cement will increase by 40% year-on-year, and the proportion of sales will increase to 8%.