Recently, Shangfeng Cement released a record of investor relations activities about the company's outlook for future aggregate prices.
Shangfeng Cement said that the gross profit rate of aggregate has shown a downward trend, especially in the high gross profit area, the decline is relatively obvious, and the low gross profit area is relatively stable. In the medium term, under the situation of downward demand and increasing supply, the gross profit rate of the company's aggregate business will gradually drop to about 50%, and the gross profit rate of the industry will return to the conventional level of manufacturing industry.
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