Cement Net Report: Comprehensive Review of the Interim Report of Listed Companies in the Cement Industry in the First Half of 2025

2025, facing the severe and complicated social situation, China actively coordinated domestic economic work and international economic and trade struggle, and GDP grew by 5.3% year-on-year, 0.3 percentage points faster than in 2024. Among them, infrastructure investment increased by 4.6% year-on-year, and the growth rate remained stable; real estate investment decreased by 11.2% year-on-year, and was still in deep adjustment. Affected by insufficient infrastructure support and continuous downturn of real estate, the demand of cement industry continued to be weak. In the first half of 2025, the national cement output was 815 million tons, down 4.3% from the same period last year. Under the influence of the decline in demand, the contradiction of surplus in the industry continued to intensify, the market competition was extremely fierce, and the overall price of cement fluctuated downward. However, thanks to the lower price in the same period, coupled with the decline in coal costs, the industry profits were significantly restored, the profitability of many enterprises was significantly enhanced, and the profits were significantly improved. According to the statistics and analysis of

Cement Big Data Research Institute, there are 22 listed companies in the cement industry in Shanghai, Shenzhen and Hong Kong, including 15 in Shanghai and Shenzhen and 7 in Hong Kong.