Birth of Conch Group

2025-05-19 09:57:40

In 2026, Conch Group is about to celebrate its 30th anniversary. Over the past 30 years, it has moved from Anhui to the whole country and the world, and has become the leader of China's cement industry.

In 2026, Conch Group is about to celebrate its 30th anniversary. Over the past 30 years, it has moved from Anhui to the whole country and the world, and has become the leader of China's cement industry. It has been the leader in the cement industry for many years. But few people know that 30 years ago, Conch Group was almost stillborn.

The story begins in 1994. At that time, a wave of reform of government institutions swept across the country, and Anhui responded positively. On April 20, 1994, Wanfa No.5 Document "Reform Plan of Provincial Party and Government Institutions" required that "the original administrative functions of the Provincial Building Materials Bureau should be transferred to the Provincial Economic and Trade Commission respectively".

"In accordance with the deployment of the provincial Party Committee and the provincial government, the Anhui Building Materials Bureau has issued a plan to establish the Anhui Building Materials (Group) Co., Ltd. (Hereinafter referred to as the head office), through the authorization of the government, to establish the property rights relationship between the parent and subsidiary companies of the group head office and the member enterprises of the group with assets as a link, and to establish the property rights of the parent and subsidiary companies of the group." According to the overall development plan of the group, the head office of the group makes a unified decision within the scope of the group enterprise to adjust the organizational structure and product structure of the enterprise.. In the office building of Anhui Building Materials Bureau, the original director's office has been opened into the chairman's office, and the reception secretary has been found in the outside room. At the same time, the head office's personnel assigned to important positions in Ningguo Cement Plant, a directly affiliated enterprise, are also brewing and legendary. Guo Wensan,

then director of Ningguo Cement Plant, was restless after learning about the plan. In the hearts of him and a group of people, he has always cherished the dream of building Conch Group. Since its establishment in 1978, Ningguo Cement Plant has been developing for many years and has emerged in the industry. After Guo Wensan took charge of Ningguo Cement Plant in 1991, the first thing he did was to localize the new dry process cement to solve the problem of too many people and low labor productivity in Ningguo Cement Plant. In 18 months, a new dry process localization production line with a daily output of 2000 tons was built with an investment of less than 300 million yuan. Ningguo Cement Plant has determined the strategic idea of "one industry as the main industry, diversified economy, trans-regional and trans-industry development", invested in the production line of building materials steel profiles in Wuhu National Economic and Technological Development Zone, and established an Anhui Ningchang Plastic Packaging Co., Ltd. and a construction and installation company. After receiving the

Since there were two different opinions, at that time, the Anhui Provincial Government invited Liu Zhengtian, member of the Standing Committee of the Anhui Provincial Advisory Committee, Liu Chun and Jin Wenxuan, who had participated in the construction of Ningguo Cement Plant, to conduct research. The latter two have held leading positions in the construction headquarters of Ningguo Cement Plant and Anhui Building Materials Bureau.

The research team has visited the enterprises directly under the Anhui Building Materials Bureau

Research Team have all held important positions in government agencies." They know that running an enterprise and administrative management are two different things. In the investigation, they learned that there were three things that made the enterprise unable to believe that the head office transformed by Anhui Building Materials Bureau had the ability to run the enterprise well.

The first thing is the construction of the building materials building. At the end of the 1980s, the Anhui Provincial Building Materials Bureau demolished a vacant lot in Sanxiaokou, a prosperous and important place in the center of Hefei, and planned to build a building materials building. At that time, there were two options: First, to other units of construction, building materials Bureau out of the land, do not take a penny, after the completion of the two sides of the construction area; Second, building materials Bureau independent construction.

When discussing the plan, the members of the leading group unanimously agreed to the independent construction plan. Everyone thought, there are cement and glass enterprises directly under the Provincial Building Materials Bureau, and they are engaged in building materials, can't they build a building?

Provincial Building Materials Bureau to build building materials building, subordinate enterprises naturally can not stand idly by. The directly affiliated enterprises have invested in succession. Ningguo Cement Plant took out more than 8 million yuan. However, in the process of project promotion, problems come one after another, construction costs continue to rise, and the funding gap is growing. Seeing that it was difficult to continue, the Provincial Building Materials Bureau asked Ningguo Cement Plant, which invested the most, to send a deputy director to the Building Materials Building and take full responsibility for the construction of the building. After the deputy factory director was stationed, he found that the personnel composition of the construction preparatory office was complex, and many of them had the endorsement of leaders from all walks of life. The deputy director of Ningguo Cement Plant felt powerless in the face of such a situation. Guo Wensan made a decisive decision to withdraw the personnel. He would rather give up the more than 8 million than go to this muddy water and fill this bottomless pit.

Since then, for a long time, the building materials building has become uncompleted residential flats. It was not until the abolition of the Building Materials Bureau in 2004 that the Anhui Economic and Trade Commission coordinated the businessmen from Wuhan to clean up the mess. It was renamed Jinchuan Building. Wuhan businessmen are said to have invested 40 million yuan, built the building and sold it for 50 million yuan. Because the design of the building is congenitally deficient, the revolving restaurant on the top floor is naturally gone. Underground parking, only a few cars. In order to make profits, Wuhan businessmen sold the hall into a facade room, making an apartment building located in the downtown area, neither fish nor fowl. The rent is lower than surrounding office buildings. The subordinate enterprises of the Building Materials Bureau have invested tens of millions of yuan, and the last square area has not been obtained. Instead, some employees of the Building Materials Bureau got "benefits". Because this building blocks the sunshine of the staff dormitory behind it, the staff of Building 4 of the Building Materials Bureau. Each household received an average of about 1.

The third thing is the construction of Tongling Cement Plant. Tongling Cement Plant is a World Bank loan project. The provincial building materials Bureau is responsible for the preparation, which is a famous "beard" project. Construction began in 1983, and the headquarters team without a legal person changed again and again. Due to the lack of investment and construction funds, the budget was adjusted from 800 million to 16. In September 1995, the Anhui Provincial Government decided to appoint Guo Wensan, director of Ningguo Cement Plant, as chairman and general manager, with Ningguo Cement Plant as the main body. Set up

Tongling Cement Plant's first dry process cement with a daily output of 4000 tons. On August 26, https://price.ccement.com/Price_list-1-s0-e0-p0-c0-k100059-b0.1996

, the Anhui Provincial Party Committee and the provincial government held a conference in Wuhu on the development of the Wanjiang River. Echoing the "provincial industrial work conference" in Pudong. Through unknown channels, Guo Wensan was given a valuable opportunity to report to Lu Rongjing, Secretary of the Anhui Provincial Party Committee. Facing the secretary of the provincial party committee, Guo Wensan said sincerely: Although I am not from Anhui, I came to Ningguo Cement Plant as soon as I graduated. I have worked here for more than 10 years. I started as a grass-roots operator, and I am full of feelings for every post and every tree and grass in the plant. We have taken the lead in realizing the localization of the new dry process production line in the country, formulated a clear development plan, and wanted to build a unique competitive Conch Group. If it is incorporated into the Building Materials Corporation, the space for independent development will be limited, which will be a huge loss for enterprises and employees.This is not that we do not trust Anhui Building Materials Bureau, but in practice, we deeply realize that there is an essential difference between enterprise operation and organ administration, a main body is both a boss and a mother-in-law, it is difficult for enterprises to truly develop efficiently in accordance with market rules. In his report,

Guo Wensan expressed the confidence of the leading group of Ningguo Cement Plant to make Conch Cement bigger and stronger, and expressed the determination to succeed or die. If Ningguo Cement Plant is merged into Anhui Building Materials Corporation, he will resign as director of Ningguo Cement Plant and return to his hometown in Shandong or to his wife's hometown in Ningbo. These words from the bottom of his heart gave Secretary Lu a deep understanding of the demands of Ningguo Cement Plant and laid a foreshadowing for the subsequent decision-making. After comprehensive consideration, on September 3, 1996, Anhui Province issued a document on the establishment of Conch Group.

Tongling Conch Cement Clinker Production Line

with a Daily Output of 10000 Tons Chaohu Conch Three New Dry Process Cement Clinker Production Lines

with a Daily Output of 5,000 Tons Conch Group Baimashan Cement Plant 50,000 Tons Carbon Dioxide Capture, Collection and Purification Demonstration

Project SRC = "https://img7.ccement.com/news/2505/richtext/img/94131hefnk1747621006362. what the plan makers did not expect was that their original plan objectively played a role in hastening the birth of Conch Group." Thus, it promotes the process of cement structure adjustment in Anhui and even the whole country. As a result, Anhui Building Materials Bureau was retained until it was abolished in the institutional reform in 2000. As the saying goes, if you have the intention to plant flowers, they will not grow. If you have no intention to plant willows, they will become shade.

A leading Comrade who worked in Anhui Building Materials Bureau sighed with emotion about the ups and downs in the birth of Conch Group: Thanks to the wise decision of Secretary Lu Rongjing in those years, Anhui and even the whole country have such an excellent enterprise, an enterprise that Chinese people can be proud of in front of the world.

All can be viewed after purchase
Correlation

From September 15 to 18, Yang Jun, Secretary of the Party Committee and Chairman of Conch Group, led a team to Sichuan and Chongqing for investigation and guidance, and visited the western construction of China Construction. Yu Shui, Deputy Secretary of the Party Committee and General Manager of Conch Cement, participated in relevant activities.

2026-09-21 19:56:33

On September 18, during the Huawei Full Connection Conference 2026, in the public speech session, Conch Cement joined hands with Huawei yuantu Workshop to release the open-pit mine intelligent platform solution. The scheme is based on the digital twin enabling platform of MetaMap Workshop and combined with the operation experience of Conch Cement Mine to create a full-scene application to improve the fine operation level of open-pit mines.

2026-09-21 14:47:07

Yang Jun thanked China for its long-term trust and support in the construction of the western region, and introduced the transformation and development path and strategic layout of Conch Group. He said that under the new situation of industry development, win-win cooperation is the only way for enterprises to cope with the downward pressure of the industry and achieve steady development.

2026-09-21 09:43:34

Conch Cement announced on the Hong Kong Stock Exchange that it repurchased 420,000 shares at a price of HK $15.960 to HK $16.200 per share on September 18, amounting to HK $6.7449 million. The stock closed at HK $15.960, down 1.85%, with a turnover of HK $136 million.

2026-09-20 13:11:07

On September 17, Linxiang Branch of Yueyang Ecological Environment Bureau issued the Reply to the Report Form on the Ecological Environment Impact of Linxiang Conch Cement Co., Ltd. on the Project with an Annual Output of 2 Million Tons of Aggregate Machine-made Sand.

2026-09-20 13:06:20

On September 15, Conch Cement (600585) held a semi-annual performance presentation in 2026. Several senior executives of the company exchanged views with investors on the company's repurchase plan, how to deal with exchange losses, and future merger and acquisition plans.

2026-09-17 13:56:25

Generally speaking, the demand is still going down, but the increase of concentration is a definite trend. In the downward cycle, M & a is not only an opportunity for leading enterprises, but also a path for industry liquidation.

2026-09-17 09:30:33

On the evening of September 16, Conch Cement issued a notice on the change of senior managers of the company, saying that the board of directors of the company would receive a written resignation report from Mr. Wu Tiejun, executive director and deputy general manager, on September 16. He will continue to serve as an executive director of the Company, a member of the ESG Management Committee and a director of some subsidiaries.

2026-09-16 16:46:24

Zhou Yuxian pointed out that in order to recognize the current grim situation facing the industry, the cement market demand continues to shrink, the capacity utilization rate is at a low level, and the industry is at a critical stage of self-help. The short-term and medium-term goal is to reduce losses and turn around losses. The Pan-Northeast region has entered winter early, and the time to strive to reduce losses is even more urgent, so it is necessary to lay a foundation for the overall situation of turning around losses next year. The industry should unify its thinking, form a high degree of consensus, formulate practical and feasible goals that can consolidate the benefits and achievements, keep the safe bottom line of sustainable, healthy and long-term development of enterprises, maintain the smooth operation of the industry, and lay a foundation for turning around losses and extricating itself from difficulties.

2026-09-16 16:38:51

The industry believes that the internal and external integration in the downward period will become an inevitable trend in the cement industry.

2026-09-16 09:15:31

According to local market rumors, Conch Cement intends to acquire Sichuan Yanyuan Jinguan Cement Co., Ltd. to provide clinker for Basu Conch to a certain extent and enhance the influence of Conch Cement in the Xizang market.

2026-09-16 09:03:38

Recently, the Bureau of Natural Resources and Planning of Suzhou City issued the Announcement on the Transfer of Deep Resources Agreement of Limestone Mining Right for Cement in Dajingshan Mining Area, Suzhou City, Anhui Province (Announcement No.: Su Natural Resources Association [2026] No.1).

2026-09-15 15:02:43

Recently, the project of Basu Conch Cement Grinding Station with an annual output of 700,000 tons has been started. Basu Conch now has a 3000 t/d new dry process cement clinker production line, with a total annual output of 1.1 million tons of cement grinding and supporting 4.5MW waste heat power generation system and 2.9MW distributed photovoltaic project.

2026-09-15 11:15:37

A total of 41.5 tons of counterfeit conch brand cement were destroyed, with a value of more than 12000 yuan.

2026-09-14 10:07:57

According to market rumors, Conch Cement intends to acquire the cement assets of Yatai Group and is currently conducting research. In addition, China Building Materials, Jinyu Jidong and other cement giants also have the intention to acquire Yatai Group's cement assets.

2026-09-11 10:22:45

Recently, the Hunan Provincial Department of Industry and Information Technology issued the Announcement on the List of Benchmarking Enterprises for Comprehensive Utilization of Industrial Resources in 2026, and many cement enterprises were selected.

2026-09-10 16:56:29

On September 9, 2026, Conch Cement repurchased 190,000 H shares at a price of HK $16.96 – 17 per share, with a total amount of HK $3.2254 million, all of which were regarded as treasury shares and would not be cancelled.

2026-09-09 20:53:01

On September 9, 2026, Conch Cement repurchased 190000 H shares (code 00914) at an average price of HK $16.98, all of which were used as treasury shares, not cancelled, and fulfilled the disclosure obligation of the Hong Kong Stock Exchange on the next day.

2026-09-09 20:53:00

The semi-annual report of Conch Cement 2026 is unaudited, announcing an interim dividend of 0.13 yuan per share (including tax), no increase in provident fund, emphasizing financial authenticity and compliance, no capital occupation and illegal guarantee.

2026-09-09 20:53:00

The cement industry is waiting for the possibility of supply-side liquidation and "re-pricing" in the general loss, while the commercial mixed industry is speeding up shuffling in the shrinking income and the deterioration of repayment. Who can survive this round depends no longer on production capacity, but on capital and account books.

2026-09-08 15:46:37

According to incomplete statistics, there are about 30 listed companies developing commercial mixing business in A-share motherboard, Hong Kong stock and Taiwan stock, of which 6 companies take commercial mixing as their main business. As for the sales volume, selling price, gross profit rate and repayment performance of the listed company in the first half of 2026, the detailed analysis is as follows:

2026-09-07 17:25:07

Li Qunfeng said that the company will adhere to the long-term doctrine, firm confidence in development, based on the present, long-term perspective, and continue to improve the quality of business development, hoping that investors will continue to pay attention to the development of the cement industry and the company.

2026-09-07 10:08:09

On September 5, Li Guiqin, Zhejiang Regional Director of Conch Cement, together with Zhao Chuangmou, Marketing Director, visited Yao Jixin, President of Zhejiang Cement Association, and had a discussion with the Association. Yao Hairong, Vice President and Secretary-General of Zhejiang Cement Association, Zhang Songli, Deputy Secretary-General and Pan Baojin, Deputy Secretary-General, participated in the discussion.

2026-09-06 17:13:02

On September 1, Conch Cement made a statement at the mid-term performance conference in Hong Kong- "Based on the 15th Five-Year Development Plan, we will promote mergers and acquisitions of major domestic industries and extend the industrial chain, seize international development opportunities, and continue to shape industrial advantages in precise investment.". "

2026-09-04 16:38:57

On September 1, 2026, Conch Cement held a 2026 interim results conference in Hong Kong. Entrusted by Chairman Yang Jun, Li Qunfeng, Executive Director of Conch Cement, and Yu Shui, Executive Director and General Manager of Conch Cement, attended the conference. About 70 investors and analysts from Citigroup, JPMorgan Chase, UBS, Morgan Stanley, Bank of America Securities and other well-known securities firms and investment institutions attended the meeting.

2026-09-04 15:10:29

In the second half of the year, with the deepening of merger and acquisition integration and the continuation of the prosperity of new materials, whether Wanwei Hi-tech and Shanshan shares can continue to contribute to the increment will directly affect the annual profit of Conch Group.

2026-09-03 11:00:42

On August 31, the Department of Industry and Information Technology of Anhui Province announced that in August 2026, the Department of Industry and Information Technology of Anhui Province organized experts from Wuhu Bureau of Industry and Information Technology, Huainan Bureau of Industry and Information Technology and the Provincial Cement Association to conduct on-site verification of the demolition of six cement clinker production lines used by five enterprises, including Anhui Digang Conch Cement Co., Ltd. and Huainan Shunyue Cement Co., Ltd. After verification, six cement clinker production lines have been dismantled or broken down.

2026-09-02 13:58:32

Recently, Huaining Conch New Building Materials Co., Ltd. was established.

2026-09-02 13:20:44

When Chinese cement enterprises move from the Yangtze River and the Yellow River to the Nile and the Mekong River, they should not only bring out technology, capital and production lines, but also respect labor and treat employees with a civilized background. Employees are the greatest wealth of enterprises-this sentence should not be written on the cultural wall, but should fall on every salary slip paid in full and on time, and on every social security record paid in full.

2026-09-01 15:58:01

From "buying the mixing station" to "entrusting the mixing station", the difference of one word is the turning point of the cement industry from heavy assets to light assets to integrate resources. When the giants are no longer obsessed with "ownership" and learn to "dominate", a more cruel and efficient stock era has just begun.

2026-09-01 15:23:27

The original words of Li Yeqing, president of Huaxin Cement, are: In the second half of the year, "strictly follow the approved production capacity, extremely reduce costs, do not fight a price war, follow the price recovery to improve efficiency, and maintain market share.". "

2026-09-01 13:12:03

In Maoming, an oil city in western Guangdong, the putty powder production workshop is busy and orderly, the model of the construction experience area is neatly displayed, and the technicians in the laboratory are immersed in product testing and new product adaptation research and development. Bags of conch brand putty powder "go out" from here and "settle down" in one new home after another, becoming a "good helper" for quality home decoration.

2026-09-01 12:58:15

On July 27, the first truck of commercial concrete of Lingshan Guanfeng Commercial Concrete, the entrusted processing project of Xingye Conch Commercial Concrete, was successfully delivered. On August 28, Shuangfeng Conch and Xiangtan Xiyuan Commercial Concrete Processing Project were put into operation smoothly.

2026-09-01 11:47:17

In the future, whether Conch Cement can accelerate the pace of domestic mergers and acquisitions to optimize the domestic market competition pattern, increase overseas market development efforts to broaden profit sources, which will be the core variables affecting its profitability.

2026-08-31 09:39:57

Conch Cement announced that it had previously planned to use its own funds to repurchase a shares through centralized bidding transactions, with an estimated amount of RMB 600 million to RMB 1 billion, at a price not exceeding RMB 27.71 per share, to safeguard the company's value and shareholders'rights and interests; As of August 25, 2026, when the implementation period of the repurchase scheme expired, 36.8798 million shares were actually repurchased, accounting for 0.6989% of the total share capital, and the total amount of funds used was RMB 654 million (excluding transaction costs).

2026-08-28 16:48:57

For cement enterprises that are going to sea on a large scale, these three Enlightenments are particularly critical-going to sea can not only calculate capacity account, price account, but also exchange rate account and capital account. Investment in building factories is a sunk cost, but exchange rate fluctuations are a persistent source of profit and loss, which can not control exchange rate exposure, and even higher overseas gross profit may be eroded in the settlement and sale of foreign exchange. Conch has made up a solid "exchange rate lesson" for the whole industry with solid exchange losses.

2026-08-28 14:40:38

Recently, Conch Cement released its performance report for the first half of 2026 and looked forward to the second half of the year.

2026-08-28 14:30:19

In terms of net profit, 10 of the 19 enterprises suffered losses, more than half of the losses, and the net profit of 12 of the 19 enterprises decreased year on year, and the depth of the loss side far exceeded the profit side.

2026-08-28 10:12:26

On the evening of August 26, Conch Cement disclosed its semi-annual report that in the first half of the year, the company realized operating income of 36.927 billion yuan, down 10.88% from the same period last year; the net profit attributable to shareholders of listed companies was 2.527 billion yuan, down 42.76% from the same period last year; the basic earnings per share was 0.48 yuan/share.

2026-08-27 09:35:41

Shuangfeng Conch Cement Co., Ltd., Sinoma Zhuzhou Cement Co., Ltd., Gezhouba Shimen Special Cement Co., Ltd., Linli Jidong Cement Co., Ltd., Huaxin Cement (Chenzhou) Co., Ltd., Hunan Leiyang Nanfang Cement Co., Ltd., and Lianyuan Conch Cement Co., Ltd. are proposed to be included in the list of benchmark enterprises for comprehensive utilization of industrial resources in Hunan Province in 2026.

2026-08-25 10:05:53

Hunan Provincial Office of Industry and Information Technology announced the list of 69 industrial carbon emission reduction benchmarking enterprises to be identified in 2026, reflecting the government's policy orientation to promote the green and low-carbon transformation of manufacturing industry.

2026-08-24 15:42:02

His own definition of the job is perhaps more accurate than any other assessment- "a concrete building will last 50-100 years, it's a permanent building."