Huaxin Cement: Achieve Continuous Growth of Operating Income in 2024

2025-01-20 10:10:58

At the commendation meeting, Li Yeqing said that 2024 was not an easy year. In the context of the overall decline in industry performance, Huaxin worked hard to achieve sustained growth in business income and leading performance in the industry.

On January 15, Huaxin Cement held the Sixth Session of the Ninth Workers' Congress and the 2024 Annual Recognition Meeting in Huangshi. Li Yeqing, Party Secretary and President

of Huaxin Cement, made a work report

to the meeting. He reviewed the company's production and operation performance and main achievements in 2024, analyzed the macro situation and challenges faced in the new year, and deployed the main tasks. It calls on all employees to move forward bravely, solve the dilemma with wisdom, be down-to-earth, cherish dreams, and turn the grand blueprint of building a leading multinational building materials group in the world into a beautiful reality.

At the commendation meeting, Li Yeqing said that 2024 was not an easy year. In the context of the overall decline in industry performance, Huaxin worked hard to achieve sustained growth in business income and leading performance in the industry. With the New Year's message of "Crossing Mountains and Seas, Dreaming of the World", he called on all cadres and staff to go overseas actively, shine and heat on the vast global stage of Huaxin, write wonderful lives, and all cadres and staff at home and abroad go all out and work together to promote sustained growth of performance. Make unremitting efforts to build Huaxin into a leading multinational building materials group in the world!

Correlation

On March 28, 2025, the 7.9 magnitude earthquake in Mandalay, Myanmar, damaged five of the nine cement plants. This caused the price of cement to rise from 20,000 kyats per bag to 3.7- Forty thousand kyats, the supply is short or even out of stock, and the production capacity has dropped sharply. Myanmar's Ministry of Industry supports the repair of cement plants, allowing the import of cement, and recently ships carrying cement arrived in Yangon. Myanmar's annual cement demand exceeds 10 million tons, while the domestic demand can only meet 8 million tons. The government and the industry are actively seeking solutions to restore and develop the cement industry.