A few days ago, Tianshan shares issued a record of investor relations activities, answering questions of concern to investors.
Q: Since the fourth quarter of 2024, the profitability of the domestic cement industry has been significantly restored, which has triggered a heated discussion on the transformation of the competition mode of the industry. Has the domestic cement industry returned to the process of rational competition and the pursuit of profits? What is the company's outlook for the demand of the cement industry in 2025?
Tianshan shares: In the first three quarters of 2024, the industry's business situation declined sharply. In the second half of the year, the whole industry gradually changed its concept, the cement price was gradually restored, and the industry and enterprise profits were improved. The company expects that demand will continue to decline in the first half of 2025, but the decline in demand will gradually narrow in the second half of the year. At present, the consensus of the industry against "involution" competition is stronger, the mechanism and methods of peak staggering production are becoming more and more mature, and the foundation of the industry's ecological construction is more solid. The company will earnestly implement the relevant policy requirements against industry involution, inject confidence into the recovery of the industry, and help to achieve a balanced development of social and economic benefits.
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