V viewing financial report ｜ Requirements are obviously shrinking!Conch cement revenue and net profit in the first half of the year declined by 30 %

Zhongxin Jingwei August 25th. The Human Cement released the 2022 semi -annual report after the 25th. During the company, the operating income was 56.275 billion yuan, a year -on -year decrease of 30.06%; The income per share is 1.86 yuan.

Public information shows that conch cement was established in 1997, and its main business is the production and sales of cement, commodity clinics, aggregate and concrete. Products are applied to large -scale infrastructure construction projects such as railway, highway, airports, and water conservancy engineering, as well as urban real estate development, cement products and rural markets.

Regarding the cement industry, Conch Cement said that in the first half of 2022, the international environment became more complicated and severe, and the domestic epidemic was more distributed. In the first half of the year, the national fixed asset investment increased by 6.1%year -on -year, infrastructure investment increased by 7.1%year -on -year, and real estate development investment decreased by 5.4%year -on -year. The demand for the national cement market has shrunk significantly. The decrease in the shipments of enterprises has led to an increase in inventory. The market competition is fiercely accompanied by the price high and low. At the same time, the cost of the cost is high. The industry's benefits have declined. In the first half of the year The lowest level in the same period decreased by 15%year -on -year.

Looking forward to the second half of the year, Conch Cement said that in infrastructure, the government will actively expand effective investment, comprehensively strengthen infrastructure construction, accelerate the construction of the "14th Five -Year Plan" planning project, and have certain support for the demand for cement in infrastructure.

In terms of real estate, the country's policies to promote the virtuous cycle and healthy development of the real estate industry, but in the short term, the downward trend of real estate investment is still difficult to reverse, which will adversely affect the demand for the cement market.

At the same time, the state will continue to strengthen the comprehensive governance of the ecological environment, orderly promoting carbon peaks and carbon neutralization, and the production of peaks in the cement industry continues normalization, which will have a positive effect on supply contraction and resolution of excess capacity.

Conch cement day trend chart (Source: Wind)

In terms of the secondary market, the stock price of Conch Cement has fluctuated this year. The stock closed up 3.45%on August 25 to 32.1 yuan/share, and the company's latest market value was 163.2 billion yuan. (Zhongxin Jingwei APP)

- END -