Conch Chairman Gao Dengbang led the team to Hong Kong and Singapore for the mid-term performance promotion in 2016.

   On August 24, the 2016 interim performance conference of Conch Cement was held at the Marriott Hotel in Admiralty, Hong Kong. Chairman Gao Dengbang, Vice Chairman Wang Jianchao, General Manager Wu Bin, Chief Accountant Zhou Bo and Secretary of the Board of Directors Yang Kaifa attended the meeting. More than 160 analysts and investors attended the meeting. The scene was full of seats and the atmosphere was warm.

Promotion meeting site

   In the first half of 2016, driven by the steady growth of fixed asset investment and the accelerated growth of real estate investment, the cement market demand rebounded; meanwhile, the structural overcapacity of cement was still serious, the cement price dropped significantly year-on-year, and the industry profit dropped significantly. In this context, Conch Cement continues to outshine others in the industry. In the first half of the year, the company's sales increased by 11% year-on-year, and the comprehensive cost of products decreased by 20 yuan/ton year-on-year. Although the total profit has declined, the operating profit excluding investment income and other factors has increased by 13% year-on-year, and the total profit still accounts for 47% of the industry. Once again, it proves the fact that the company will do what it says, or even do better than what it says.

Gao Dengbang Answers Questions from Investors

   The company's beautiful performance and cost control level in the first half of the year have brought surprises to shareholders and investors, exceeded market expectations, and also made the capital market have more expectations for the performance in the second half of the year. Therefore, the company's management's judgment on the market trend in the second half of the year and the company's business strategy in the second half of the year have attracted much attention from investors.

   During its stay in Hong Kong, the company also held 12 "one-to-one" meetings and three large-scale luncheons with more than 40 investment institutions such as Fidelity, JPMorgan Chase, BlackRock, Wellington and Huili Fund.

   After the Hong Kong event, Chairman Gao led the company team to Singapore for a two-day promotion, held nine "one-to-one" meetings and one lunch meeting, and exchanged and communicated with more than 20 influential investment institutions such as Singapore Government Investment Corporation, Prudential Insurance and First Domain Investment.

Some "one on one" meetings and luncheons