On June 17th, Sinoma International Engineering (600970.SH) released its investor communication. Regarding the market situation this year, Sinoma International Engineering stated that due to the large national decline in cement prices and the decline in demand in 2023, cement industry profits have decreased significantly, with a decrease of more than 50%. For 2024 and the next few years, overall market pressure will still be relatively high, but the degree of decline will slow down. There are also relatively few opportunities for corresponding domestic cement production line projects.
中材国际：未来几年水泥行业市场压力依然较大，但下行程度会放缓
Sinoma International Engineering: the pressure on the cement industry market will remain relatively high in the next few years, but the degree of decline will slow down.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.