Who is still buying cement in the downward period? Merger and Acquisition Statements of Five Cement Enterprises

of 2026, the total cement output in China was 736 million tons, with a year-on-year decrease of 8%, and the decrease rate increased by 3.7 percentage points compared with the same period last year. According to the forecast of Cement Big Data Research Institute, the total profit or loss of the cement industry in the first half of the year ranged from 3 billion to 5 billion yuan. During the same period, China's fixed asset investment fell by 5.7% year-on-year, with infrastructure investment falling by 2.4% and real estate development investment falling by 18%.

In the

first half of the year, the trend chart of the national cement price index shows that various cement enterprises have given different opinions on mergers and acquisitions. The expression

of conch cement is the most explicit. The semi-annual report puts forward that "we should seize the favorable opportunity to deeply reshape the industry structure, promote the merger and acquisition of high-quality projects in the main domestic industries, continuously improve the market layout and enhance the industry concentration".

Jinyu Jidong emphasizes prudence. In response to investors, the company said: "In the face of the overall downward trend of the cement industry, the company will prudently promote the integration of mergers and acquisitions, continue to cultivate around the strategic layout of" one core, one body, two wings ", and select M & a targets with strategic location advantages, excellent resource endowment, high asset quality and strong profitability." Through diversified ways such as merger and reorganization, joint venture cooperation and industrial integration with large enterprise groups, the company continuously optimizes its industrial layout and further consolidates its leading position in the northern market. "

Tapai Group focuses on the synergy of its main business and expresses that it will" focus on the opportunities of mergers and acquisitions of production lines with market synergy effect ".

Shangfeng Material binds the merger and acquisition with the competitiveness of the base: "Choose the opportunity to further strengthen the comprehensive competitiveness of the base and expand the scale advantage through capital means, and continue to enhance the scale of comprehensive business in accordance with the strategy of the board of directors in conditional areas.". "

Shanshui Cement put the merger and reorganization in the position of disposal tools, and put forward the idea of" continuously optimizing the stock and strengthening the reuse of idle assets. Through upgrading, merger and reorganization , cooperative operation, asset leasing and other ways to revitalize idle assets. The caliber of the

enterprise is not the same: some people take the initiative to promote, some people set a good threshold to talk about, some people only listed mergers and acquisitions as one of the ways to revitalize assets. However, the value orientation of M & a is common.

From the enterprise level, M & a integration can enable the acquirer to quickly enter the local market, expand its market coverage, and enhance its influence in the regional market. In the market with unilateral downward demand, new production capacity is neither necessary nor approved, and it is a more realistic choice to acquire ready-made market share and channels through acquisition.

From the industry level, the value of mergers and acquisitions is more fundamental. Compared with foreign developed countries, there is still much room for improvement in the concentration of China's cement industry. Through mergers and acquisitions, large cement enterprises can integrate market resources, eliminate backward production capacity and optimize industrial structure. This is also the direction encouraged by the Special Action Plan for Energy Conservation and Carbon Reduction in Cement Industry issued by the National Development and Reform Commission and other departments-to support leading cement enterprises to carry out cross-regional and cross-ownership mergers and reorganizations.

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.