据水泥网，上半年，水泥产量创下2011年来新低，量价齐跌下行业出现罕见亏损。展望2024年下半年，水泥需求相较于上半年将有所好转，价格延续反弹走势，但在需求偏弱和产能严重过剩掣肘下，水泥价格修复力度有限。全年来看，水泥需求将面临较大下行压力，行业效益降幅扩大。Cement stocks are generally falling. As of the time of publication, China National Building Material (03323) fell 6.67% to HKD 2.24; Asia Cement (China) (00743) fell 5.86% to HKD 2.09; Dongwu Cement (00695) fell 2.42% to HKD 1.61.
According to the Zhitong Financial APP, cement stocks are generally falling. As of the time of publication, China National Building Material (03323) fell 6.67% to HKD 2.24; Asia Cement (China) (00743) fell 5.86% to HKD 2.09; Dongwu Cement (00695) fell 2.42% to HKD 1.61; Conch Cement (00914) fell 2.35% to HKD 16.62; Huaxin Cement (06655) fell 2.06% to HKD 6.65.
On the news front, recently, multiple cement companies have successively disclosed their half-year performance reports, with most of them facing a decline in net income and an expansion of losses. Specifically, Conch Cement's net income attributable to the parent company for the first half of the year was CNY 3.326 billion, a year-on-year decrease of 48.56%; China National Building Material's loss attributable to shareholders for the first half of the year was CNY 2.018 billion, compared to a profit attributable to shareholders of CNY 1.404 billion in the same period last year; West China Cement's net profit for the first half of the year decreased by 27.3% year-on-year; CR Building Material Technology's net profit for the first half of the year decreased by 70.2% year-on-year.
According to Cement Network, in the first half of the year, cement production reached a new low since 2011, with both quantity and price falling, and the industry experiencing rare losses. Looking forward to the second half of 2024, cement demand is expected to improve compared to the first half of the year, and prices will continue to rebound. However, due to weak demand and severe overcapacity constraints, the recovery in cement prices will be limited. Overall, cement demand will face significant downward pressure for the whole year, and the industry's efficiency will decline further.