CITIC Securities pointed out that Conch Cement has released the action plan for "improving quality, increasing efficiency, and returning to shareholders" for 2024, and has been continuously promoting green and low-carbon development while focusing on the cement industry. From the perspective of the cement industry, cement sales are conducted through cash-on-delivery, and cash flows of various companies are sufficient, providing a basis for increasing dividend payout ratios. At the same time, as energy-saving and carbon-reduction policies become more stringent, the supply side of the cement industry has opportunities to shrink. The cooperation of the cement industry in 2024 is better than in previous years, and the industry ecology is gradually improving.