Jinyu Jidong held a performance presentation on September 16, responding to the issue of capacity integration in the northern cement market, saying that serious overcapacity is an industry problem, the state has introduced more stringent capacity replacement management measures, the industry downturn is a favorable opportu nity for investment in mergers and acquisitions, the company adheres to the strategic direction of development, and actively seeks high-quality M & a targets and opportunities. At the same time, the company said that it would continue to expand the product matrix of new materials, consolidate the foundation of the industrialization of green building materials, and carry out market value management as required.
The details are as follows:
Q: What is the proportion of revenue and profit of newly expanded materials?
Answer: Dear investors, the company will continue to expand the new material product matrix based on the actual market demand, and constantly consolidate the foundation for the industrialization development of green building materials; the series of new products will be put into production and the scene industrialization will be broken through, so as to continuously enrich the pedigree of the company's new material products and optimize the product structure. Please refer to the periodic report for the operating income and other relevant data of the company's sub-products. Thank you for your attention.
Q: At present, the three state-owned enterprises, CNBM, Conch and BBMG, have a total cement production capacity of about 1.2 billion tons, while according to the market forecast, the annual demand for cement in China will only be about 1 billion to 1.2 billion tons after 2030. This means that in the future, the domestic cement market must carry out large-scale capacity integration in order to make the industry return to a normal profit level. Jinyu Jidong, as the cement leader in the northern region, what are the difficulties in integrating the production capacity of the northern market and how should the company deal with them in the future?
Answer: Dear investors, serious overcapacity is a difficult problem in the industry. The state has introduced more stringent management measures for capacity replacement. Policies include strengthening capacity management, strict pollutant emissions and carbon emissions, and controlling low-price and disorderly competition, so as to promote the gradual clearance of excess capacity and guide the development of the industry to a rational level. The downturn period of the industry is a favorable opportunity for investment in mergers and acquisitions, but affected by the current industry situation, cement enterprises, especially those in the north, are generally facing loss pressure. The company adheres to the strategic development direction and existing layout, and actively seeks high-quality merger and acquisition targets and opportunities.
Q: In 2013, the lowest price of the company's share price was 6.9 yuan. At that time, the share capital was 1.348 billion shares, and the total market value of the company was 9.3 billion yuan. Since then, the company has acquired a large number of so-called high-quality assets through multiple rounds of issuance and other forms. After 13 years of development, as of today's closing, the total market value of the company is 9.2 billion, which is even lower than total market value before the rapid development of assets in 2013. The company will only say that the stock price is affected by many factors and will do a good job of perfunctory management?
Answer: Dear investors, the company carries out market value management according to the relevant requirements of state-owned assets and securities regulation, and strives to improve the quality of listed companies.
Q: It has been repeatedly said that the stock price is affected by various factors. What is the performance of your company's stock price among the listed cement enterprises?
A: Dear investors. In recent years, affected by the downturn of the industry, the share price of listed cement companies has weakened, and the company's share price is basically consistent with the overall trend of the industry.
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