Jinyu Jidong Investor Relations Management Information

Stock Code: 000401 Stock Abbreviation: Jinyu Jidong Jinyu Jidong Cement Group Co., Ltd. Record Sheet of Investor Relations Activities No.: 2026-001 □ Research on Special Objects □ Analyst Meeting Investor Relations Activities □ Media Interview □ Results Presentation Category □ Press Conference □ Roadshow activities □ On-site visits to other 2025 annual report performance telephone exchanges Guotai Haitong Bao Yanxin, Huatai Securities Fang Yanhe, Guolian Minsheng Securities Wu Huidong, names of participating units and CITIC Construction Investment Securities Han Yu, CICC Chen Yan, Wanjia Fund Li Liya, Tianhong Personnel Name Fund Tan Qiuwan, China Merchants Fund Wang Ningyuan, Guangfa Fund Li Di and other 51 people. Time: 15: 00-16: 00 p.m. on Tuesday, March 31, 2026 Venue: The Company was invited to attend the conference call organized by Guotai Haitong Securities Co., Ltd. 1. Secretary of the Board of Directors, Xue Zheng, Director of the Secretary Office of the Board of Directors 2. An Liang, Director of the Finance and Capital Department Receptionist of the Listed Company 3. Wu Xiaochun, Deputy Manager of the Marketing Management Center Name 4. Zhang Shizhao, Deputy Director of the Finance and Capital Department 5. Li Yinfeng, Deputy Director of the Secretary Office of the Board of Directors The Company replied to the questions raised by investors in this telephone conference: 1. What is the outlook for cement demand and price trends in 2008? Answer: 2026 is the first year of the "15th Five-Year Plan". The issuance scale of special bonds and ultra-long-term special bonds will continue to expand, and the investment in urban renewal, water conservancy, energy, pipeline network and other infrastructure is expected to return to normal, providing strong support for cement demand. It is expected that although the demand for cement is still in the downward channel throughout the year, the decline will be significantly narrowed. Faced with the industry situation, the company will give full play to the advantages of "cement + aggregate + concrete" integrated operation in investor relations activities, enhance market competitiveness and the ability to resist the risk of main content introduction. We will actively seize opportunities in key areas such as urban renewal, water conservancy, energy, pipeline network, mine backfilling and overseas markets, deepen differentiated marketing strategies, stabilize stock and increase increments. Since 2025, the state has issued a series of policies and measures to reduce production capacity, control output, reverse involution and stabilize growth, laying a solid foundation for the improvement of supply and demand in the industry and the optimization of self-discipline environment. In the first quarter of 2026, the national cement price started at a low level, and is expected to show a trend of shock adjustment throughout the year. The degree of price recovery depends on the effect of supply-side regulation and policy implementation. The company has promoted price recovery in Northeast China, Shaanxi, Central and Southern Hebei, Inner Mongolia and other regions and achieved results. In 2026, the company will make every effort to maintain the industry ecology, promote accurate peak staggering in non-heating season, and continue to raise prices steadily. 2. How about the implementation and promotion of the company's core regional restrictions on overproduction? Answer: The Beijing-Tianjin-Hebei region, the core region of the Company, is promoting the supervision of overproduction of cement enterprises. At present, some cities have introduced implementation plans to regulate the management of industrial production capacity, and have defined differentiated disposal measures for different degrees of overproduction: for general overproduction, the corresponding number of days of production suspension and rectification is required, and for serious overproduction, in addition to increasing the number of days of production suspension and rectification, the number of days of production in the next year is also reduced. Except for some cities in Beijing, Tianjin and Hebei, the company has not yet issued specific implementation measures in other regions. The company will pay close attention to the regional policy dynamics, actively respond to and strictly implement the relevant regulatory requirements. 3. What is the planning and progress of the company's integration, and what is the effect of the early integration? Answer: Focusing on the strategic layout of "one core, one body and two wings", the Company continued to deepen its efforts. On the basis of consolidating the integration results of the "14th Five-Year Plan", the Company continued to select merger and acquisition targets with strategic location advantages, excellent resource endowment, high asset quality and strong profitability, and continuously optimized the industrial layout and enhanced the overall market competitiveness through diversified channels such as mergers and reorganizations, joint ventures and cooperation. The early integration has achieved remarkable results. The acquisition of Shuangyashan Cement fills the industrial gap of the company in Longdong area of Heilongjiang Province and significantly enhances the regional market influence; The acquisition of Hengwei Cement and its affiliated enterprises has effectively strengthened the company's market position in Liaozhong and further enhanced its comprehensive competitiveness. At present, the two projects are operating steadily and profitable, which has accumulated valuable experience for the follow-up integration of the company. 4. What is the progress of the company's capacity replacement and what are the follow-up plans? Answer: As of the first quarter of 2026, the company has completed the replacement announcement of 34 production lines in accordance with the new rules of capacity replacement, involving 16 production lines and 18 production lines. For the production line after the production capacity index is set out, the company actively explores the transformation path, relying on the existing cement kiln equipment to develop metallurgical lime, industrial by-product gypsum to produce sulfuric acid, calcium powder and other new materials business, to promote asset revitalization and value remodeling, to minimize the loss of assets caused by capacity adjustment, and to achieve resource reuse and sustainable development. With the continuous promotion of capacity optimization, the health of resources and assets in the main cement industry has been significantly improved. In the future, the company will steadily promote the work related to capacity replacement according to the policy requirements. 5. What has the company done to tighten carbon trading in 2027? Answer: Adhering to the concept of green low-carbon transformation and development, the company has built a full-chain low-carbon system, introduced a complete carbon management system, built a dual-carbon management information system, and achieved carbon emission reduction through energy-saving technological transformation, raw fuel substitution, continuous optimization of energy structure and production process. Carbon dioxide emissions per ton of clinker are less than 0.7812 tons. At present, all cement kiln enterprises of the company have been fully integrated into the national carbon market. Relying on the existing technology level and emission reduction effect, the company as a whole is expected to achieve certain carbon benefits. In the next step, the company will closely follow the carbon trading policy trends, continue to deepen low-carbon management, seize the development opportunities brought by the dual-carbon policy, and further consolidate and strengthen the competitive advantage in the green low-carbon field. 6. What are the company's plans for extending the industrial chain? Answer: The Company will accelerate the construction of "cement +" integrated industrial system, and continue to promote the coordinated layout of related industries such as aggregate, commercial mix and mortar. Based on the self-owned mine resources, the Company will steadily develop the aggregate business to achieve comprehensive utilization of resources and enhance the resilience of the industrial chain; the Company will acquire the equity interest in Concrete Group to form a synergy with the existing concrete production capacity and further enhance the penetration into the end market; the Company will actively explore new building materials such as mortar, tap new growth space for consumption of building materials and continuously expand the value boundary of the industrial chain. 7. What is the profitability of the company's overseas business and what are the follow-up plans? Answer: The Company's Mamba Company in the north of South Africa has an annual clinker production capacity of 870,000 tons and a cement production capacity of 1 million tons. At present, it is fully produced and sold, with a total profit of over 100 million yuan and a good profitability. The company is steadily promoting the second-line construction of Mamba Company and has made some progress. In addition, the company accelerates the strategy of "products going to sea" to drive "production capacity going to sea", improves the scale of products going to sea and broadens the market scope, and accumulates experience for production capacity going to sea. At the same time, countries along the "the Belt and Road" and countries that have signed memorandums of cooperation are actively seeking investment opportunities. List of Attachments (if any) Date: March 31