4.26 Cement Morning Post: newly reconstructed rural road: 100,000 public good cement; 4.21-4.25 cement prices in the two lakes fell; cement prices in many places in East China fell weakly.

On April 24, the deputy director of the Highway Bureau of the Ministry of Transport introduced that a new round of rural highway upgrading action will be implemented this year, and 100000 kilometers of rural highway will be rebuilt. 1. Industry insiders said that this will stimulate domestic cement demand to a certain extent, but the volume is not large, which is expected to be 20,000-30,000 tons.

2 . Weekly report of cement network: cement prices in central and southern China generally fell (4.21-4.25)

4.21-4. Cement prices in the Pearl River Delta of Guangdong fell, while those in eastern and western Guangdong were temporarily stable; Drought in some parts of Guangxi affected demand, and the overall situation was weak and stable, with only a slight drop in prices for individual enterprises in Nanning. Cement prices in the two lakes generally fell, with prices in Wuhan, Hubei, falling again by a total of 30 yuan/ton, and in Changsha-Zhuzhou-Xiangtan, Hunan, by 20 yuan/ton. Henan notified the price increase, but the implementation of low demand remains to be observed. It also involves the merger of Conch Cement production capacity, Guangxi's policy of promoting price recovery, the number of days of production capacity verification in Hubei and 3." Cement Weekly: Cement prices in many markets in East China continued to decline weakly (4.21-4.25)

4.21-4. Central and southern Zhejiang fell by about 20 yuan/ton, and the scope of price reduction in the Yangtze River Delta expanded. Affected by the rain, the demand in Jiangsu is general, the inventory is higher, and the price is under pressure. Zhejiang clinker stocks rebounded, and cement prices in many places were lowered. Anhui market is stable and weak, and prices in some regions are slightly lowered due to various factors. Affected by the weather, Fujian's prices are under pressure, leading enterprises or pushing up. Jiangxi's price increase has not been implemented in place, and prices in some areas have fallen. Shandong entered the off-peak production period, and enterprises tried to push up, but the transaction was mainly stable.

4. Ningxia Building Materials: a loss of RMB8,408,100 in the first quarter, representing a year-on-year decrease

in loss. On April 24, Ningxia Building Materials released a report for the first quarter of 2025, with an operating income of RMB878 million, representing a year-on-year decrease of 44. Compared with the loss of 15.47 million yuan in the same period of last year, it became a loss of 8.41 million yuan; the net profit deducted from non-attributable parent also changed from a loss of 37.33 million yuan in the same period of last year to a loss of 18.32 million yuan, both of which decreased. The net operating cash flow was RMB-27.59 million, representing a year-on-year increase of 56. Overall, although the revenue decreased, the net profit loss decreased, and the net operating cash flow increased year-on-year, showing a positive trend.

5 . Weekly Report of Cement Network: The cement market in Northeast China was shut down, and the price in Liaoning and Jilin rose (4.21-4.25)

. During the period of 4.21-4.25, the cement market in Northeast China was driven by the policy of shutting down kilns. Liaoning,

6.

7 . Weekly Report of Cement Network: The price of cement in Beijing, Tianjin and Hebei in North China is weak, and the market price in Shanxi and Inner Mongolia is stable and weak (4.21-4.25)

4.21-4. At the same time, the price of concrete in some areas of related industries in Beijing is mentioned. As well as the analysis of the cement market in the first quarter of 2025, the plan of stopping kilns in many places, and the announcement of the list of enterprises moving out of the restricted category, it is also pointed out that although the profits of most enterprises in the cement industry are under pressure, the growth of overseas business against the trend brings "warmth".

8、 4.21-4. Shaanxi Guanzhong's demand has reached its peak, and enterprises are stabilizing prices, but the pressure is falling; Ningxia's price depression has hit the surrounding areas; Qinghai's price is chaotic due to the lag of funds in place; Xinjiang maintains stability, and the demand growth is not obvious. It also mentioned the cement market situation in the first quarter of 2025, which was affected by many factors, such as the narrowing of production decline and the rising of prices after the first decline. At the same time, it introduced the first quarter performance of Ningxia building materials, the theme of "Safety Production Month" in the whole country, and the related information of "anti-involution" and overseas business development in the cement industry.