Our reporter Li Chunlian trainee reporter Liu Zhao

　　With the end of the Spring Festival holiday, construction projects in various places have started one after another.

On February 12, data from China Cement Network showed that the price of cement clinker in the Yangtze River Delta and Pearl River Delta regions has recently increased frequently.

With the rise in the price of cement raw materials, some cement companies in Yunnan have issued price increase letters.

　　Does this mean that the cement industry will usher in a price hike?

Jiang Yuanlin, a senior cement analyst at Centennial Construction Network, told the "Securities Daily" reporter that although the price of clinker, the main raw material of cement, is currently rising, the price of cement lacks support and the short-term market is still weak. It is expected that the cement market will remain stable this year.

　　Since 2022, the A-share cement sector has stepped out of the independent market.

Since the beginning of the year, the stock prices of UBM Technology and Ningbo Fidelity have risen by more than 15%, and the stock prices of 14 companies have achieved positive growth, outperforming the broader market over the same period.

　　It is worth noting that some recent developments of cement companies have conveyed their confidence in the development of the industry to the market.

On February 10, Tianshan, a leading cement company, announced that it planned to issue additional shares. Cement companies such as Conch Cement, Dingxin Cement (a subsidiary of Jidong Cement), and Shangfeng Building Materials (a subsidiary of Shangfeng Cement) followed up and invested.

Among them, Conch Cement stated that participating in the fixed increase is to focus on the main cement business and promote the company to improve quality and efficiency.

Conch Cement's equity cooperation with it is conducive to continuing to strengthen, optimize and expand the company's main cement business, and is also conducive to maintaining the healthy and orderly development of the cement industry.

　　Jidong Cement also responded to investors' concerns about Dingxin Cement's participation in Tianshan's fixed increase, and said that the company is optimistic about the development prospects of the cement industry. Participating in Tianshan's fixed increase can share the development results of the cement industry, especially Tianshan. Further enhance the company's profitability.

　　"The purpose of participating in the fixed increase of Tianshan shares is to send a signal to the market - you have me, I have you. Under the background of the current slowdown in the extension of the cement industry, this is more conducive to the coordination of the entire market and the promotion of industry policies. . Cement enterprises should hold a group to keep warm, and should have unified policies to jointly promote the healthy development of the industry." Industry insiders told reporters.

　　From the perspective of operating performance, the overall performance of the cement industry in 2021 is mediocre.

According to the classification of China Securities Industry (2016), 13 of the 24 listed companies in the cement industry have disclosed their 2021 annual performance forecasts. Among them, 7 companies including Yatai Group, Shentiandi A, and Tibet Tianlu lost money, Tianshan Co., Ltd., UBM Technology Co., Ltd. , Sichuan Jinding and other 6 companies made profits.

　　In the performance forecast, many companies bluntly stated that due to the sharp rise in coal prices and the year-on-year decline in cement and clinker sales in 2021, the company's gross profit will decrease year-on-year.

Among them, Shentiandi A said that due to the impact of relevant industrial policies in 2021, the prices of the upstream raw materials of the company's concrete business, such as sand, stone and cement, will rise sharply, resulting in an increase in the unit operating cost of concrete.

In addition, due to the relatively lagging transmission of the company's operating costs to downstream customers, the gross profit of sales decreased year-on-year.

　　In order to cope with the unfavorable factors brought by this, many companies responded actively, and their performance increased instead of falling.

Fujian Cement said that in 2021, the company will actively consolidate the market in the province, vigorously expand the market in other provinces, carefully organize production and operation, the full production capacity of the technical transformation project of the stone refinery will be released in an orderly manner, and the second phase of the Ansha project will be put into operation. There was a slight decrease, but the cement sales volume increased by 6.25% compared with the same period of the previous year, maintaining the steady growth of operating income and main business profit.

　　Western Construction said that in 2021, while strengthening operation and management, the company will continue to expand its market share, maintain a year-on-year increase in sales scale, and a year-on-year increase in net profit. The main reason is that the production capacity of the company's new expansion areas is gradually released, while market demand increases, production and sales volume. The company's revenue increased year-on-year, and the company's revenue increased steadily; second, due to the impact of the epidemic, resources and energy factors, the prices of raw materials such as cement, sand and gravel increased frequently. The company relied on the transformation of scientific and technological achievements and the centralized procurement of materials to reduce costs and increase efficiency. Pass the price, ensure the reasonable profit margin of the company, and make the company's operating results rise steadily.

(Securities Daily)